RICHARDSON ELECTRONICS LTD
For the period ended Nov 30, 2024. Filed Jan 10, 2025.
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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.
Nov 30, 2024 · Filed Jan 10, 2025
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 | Six Months Ended | |||
|---|---|---|---|---|
| November 30, 2024 | December 2, 2023 | November 30, 2024 | December 2, 2023 | |
| Operating activities: | ||||
| Net loss | $(751) | $(1,797) | $(161) | $(570) |
| Adjustments to reconcile net loss to cash provided by operating activities: | ||||
| Unrealized foreign currency loss (gain) | 141 | (268) | (241) | (305) |
| Depreciation and amortization | 1,015 | 1,116 | 2,059 | 2,114 |
| Inventory provisions | 84 | 192 | 223 | 277 |
| Share-based compensation expense | 313 | 283 | 906 | 766 |
| (Gain) loss on disposal of assets | (2) | 70 | (4) | 70 |
| Deferred income taxes | (21) | 51 | (79) | 46 |
| Change in assets and liabilities: | ||||
| Accounts receivable | 4,721 | 1,790 | (1,137) | 6,252 |
| Inventories | (1,617) | (3,069) | (1,741) | (6,220) |
| Prepaid expenses and other assets | 67 | (618) | 38 | (209) |
| Accounts payable | 500 | 1,233 | 4,664 | (1,132) |
| Accrued liabilities | 641 | 1,502 | 546 | 378 |
| Other | 374 | 315 | 804 | 348 |
| Net cash provided by operating activities | 5,465 | 800 | 5,877 | 1,815 |
| Investing activities: | ||||
| Capital expenditures | (517) | (1,515) | (1,443) | (2,656) |
| Proceeds from sale of property, plant & equipment | — | — | 7 | — |
| Net cash used in investing activities | (517) | (1,515) | (1,436) | (2,656) |
| Financing activities: | ||||
| Proceeds from issuance of common stock | 163 | 15 | 307 | 342 |
| Cash dividends paid on common and Class B common stock | (853) | (845) | (1,703) | (1,688) |
| Proceeds from revolving credit facility | — | — | 1,000 | — |
| Repayment of revolving credit facility | — | — | (1,000) | — |
| Other | 3 | — | (159) | (119) |
| Net cash used in financing activities | (687) | (830) | (1,555) | (1,465) |
| Effect of exchange rate changes on cash and cash equivalents | (661) | 190 | (514) | 94 |
| Increase (decrease) in cash and cash equivalents | 3,600 | (1,355) | 2,372 | (2,212) |
| Cash and cash equivalents at beginning of period | 23,035 | 24,124 | 24,263 | 24,981 |
| Cash and cash equivalents at end of period | $26,635 | $22,769 | $26,635 | $22,769 |
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