EXTREME NETWORKS INC
For the period ended Jun 30, 2025. Filed Aug 18, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Aug 18, 2025
EXTR$25.48-0.5%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEM ENTS OF CASH FLOWS
| Year Ended | |||
|---|---|---|---|
| June 30,2025 | June 30,2024 | June 30, 2023 | |
| Cash flows from operating activities: | |||
| Net income (loss) | $(7,467) | $(85,964) | $78,074 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation | 14,704 | 24,134 | 19,888 |
| Amortization of intangible assets | 4,514 | 5,313 | 14,988 |
| Reduction in carrying amount of right-of-use asset | 9,887 | 11,455 | 12,248 |
| Provision for credit losses | 157 | 210 | 459 |
| Share-based compensation | 82,314 | 76,763 | 63,472 |
| Deferred income taxes | (820) | 80 | 407 |
| Provision for excess and obsolete inventory | 2,618 | 71,068 | 7,305 |
| Non-cash interest expense | 1,214 | 1,060 | 1,145 |
| Other | 3,532 | (2,496) | (8,056) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable, net | (37,347) | 92,316 | 1,593 |
| Inventories | 27,181 | (116,434) | (49,132) |
| Prepaid expenses and other assets | (23,118) | (21,212) | (1,368) |
| Accounts payable | 12,709 | (48,012) | 14,733 |
| Accrued compensation and benefits | 18,685 | (29,136) | 17,137 |
| Operating lease liabilities | (11,056) | (11,528) | (15,219) |
| Deferred revenue | 37,722 | 76,240 | 90,102 |
| Other current and long-term liabilities | 16,602 | 11,629 | 1,436 |
| Net cash provided by operating activities | 152,031 | 55,486 | 249,212 |
| Cash flows from investing activities: | |||
| Capital expenditures for property, equipment and capitalized software development costs | (24,713) | (18,121) | (13,800) |
| Net cash used in investing activities | (24,713) | (18,121) | (13,800) |
| Cash flows from financing activities: | |||
| Borrowings under revolving facility | — | 30,000 | 25,000 |
| Payments on revolving facility | — | (55,000) | — |
| Payments on debt obligations | (10,000) | (10,000) | (108,625) |
| Payments on debt financing costs | (695) | — | — |
| Loan fees on borrowings | — | — | (3,158) |
| Repurchase of common stock | (37,993) | (49,855) | (99,860) |
| Payments for tax withholdings, net of proceeds from issuance of common stock | (3,898) | (30,123) | (5,140) |
| Deferred payments on an acquisition | — | — | (3,000) |
| Net cash used in financing activities | (52,586) | (114,978) | (194,783) |
| Foreign currency effect on cash and cash equivalents | 314 | (514) | (325) |
| Net increase (decrease) in cash and cash equivalents | 75,046 | (78,127) | 40,304 |
| Cash and cash equivalents at beginning of period | 156,699 | 234,826 | 194,522 |
| Cash and cash equivalents at end of period | $231,745 | $156,699 | $234,826 |
| Supplemental disclosure of cash flow information: | |||
| Cash paid for interest | $14,747 | $14,691 | $13,093 |
| Cash paid for taxes, net | $4,067 | $15,613 | $12,003 |
| Non-cash investing activities: | |||
| Unpaid capital expenditures | $1,326 | $4,084 | $2,250 |
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