RICHARDSON ELECTRONICS LTD
For the period ended Mar 2, 2024. Filed Apr 11, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 2, 2024 · Filed Apr 11, 2024
RELL$19.27-0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Consolidated Statements of Cash Flows
(in thousands)
| Three Months Ended | Nine Months Ended | |||
|---|---|---|---|---|
| March 2, 2024 | February 25, 2023 | March 2, 2024 | February 25, 2023 | |
| Operating activities: | ||||
| Net income | $750 | $6,340 | $180 | $18,213 |
| Adjustments to reconcile net income to cash used in operating activities: | ||||
| Depreciation and amortization | 1,104 | 912 | 3,218 | 2,688 |
| Inventory provisions | 173 | 115 | 450 | 310 |
| Share-based compensation expense | 279 | 206 | 1,045 | 730 |
| Loss (gain) on disposal of assets | — | 13 | 70 | (12) |
| Deferred income taxes | (4) | (1) | 42 | 27 |
| Change in assets and liabilities: | ||||
| Accounts receivable | (5,254) | (7,189) | 998 | (12,694) |
| Inventories | 3,974 | (3,638) | (2,246) | (21,764) |
| Prepaid expenses and other assets | 151 | (153) | (58) | (578) |
| Accounts payable | (4,072) | (12) | (5,204) | 784 |
| Accrued liabilities | 247 | (661) | 625 | 486 |
| Other | 121 | (192) | 164 | 397 |
| Net cash used in operating activities | (2,531) | (4,260) | (716) | (11,413) |
| Investing activities: | ||||
| Capital expenditures | (401) | (2,230) | (3,057) | (4,973) |
| Proceeds from maturity of investments | — | 5,000 | — | 5,000 |
| Proceeds from sale of property, plant & equipment | — | — | — | 193 |
| Net cash (used in) provided by investing activities | (401) | 2,770 | (3,057) | 220 |
| Financing activities: | ||||
| Proceeds from issuance of common stock | — | 511 | 342 | 3,413 |
| Cash dividends paid on Common and Class B Common shares | (844) | (834) | (2,532) | (2,484) |
| Proceeds from short-term borrowing | 3,744 | — | 3,744 | — |
| Repayment of short-term borrowing | (3,744) | — | (3,744) | — |
| Other | — | — | (119) | (69) |
| Net cash (used in) provided by financing activities | (844) | (323) | (2,309) | 860 |
| Effect of exchange rate changes on cash and cash equivalents | (113) | 352 | (19) | (517) |
| Decrease in cash and cash equivalents | (3,889) | (1,461) | (6,101) | (10,850) |
| Cash and cash equivalents at beginning of period | 22,769 | 26,106 | 24,981 | 35,495 |
| Cash and cash equivalents at end of period | $18,880 | $24,645 | $18,880 | $24,645 |
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