STRATTEC SECURITY CORP
For the period ended Sep 28, 2025. Filed Oct 31, 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.
Sep 28, 2025 · Filed Oct 31, 2025
STRT$61.02-0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows (Unaudited)
| Three Months Ended | ||
|---|---|---|
| September 28,2025 | September 29,2024 | |
| OPERATING ACTIVITIES: | ||
| Net income | $8,537 | $3,748 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation | 3,785 | 3,662 |
| Foreign currency transaction loss (gain) | 671 | (1,005) |
| Unrealized (gain) loss on peso contracts | (293) | 652 |
| Stock-based compensation expense | 669 | 188 |
| Change in operating assets and liabilities: | ||
| Receivables | (574) | (3,189) |
| Inventories | 3,109 | (2,145) |
| Prepaids and other assets | 3,804 | 5,881 |
| Accounts payable | (4,817) | 5,036 |
| Accrued liabilities | (3,880) | (2,038) |
| Other, net | 316 | 547 |
| Net cash provided by operating activities | 11,327 | 11,337 |
| INVESTING ACTIVITIES: | ||
| Purchase of property, plant and equipment | (1,529) | (2,073) |
| Net cash used in investing activities | (1,529) | (2,073) |
| FINANCING ACTIVITIES: | ||
| Borrowings under credit facilities | — | 3,000 |
| Repayments under credit facilities | (3,000) | (3,000) |
| Payment for taxes withheld from stock-based awards | (919) | — |
| Employee stock purchases | 16 | 13 |
| Net cash (used in) provided by financing activities | (3,903) | 13 |
| Foreign currency impact on cash | (1) | (284) |
| NET INCREASE IN CASH AND CASH EQUIVALENTS | 5,894 | 8,993 |
| CASH AND CASH EQUIVALENTS: | ||
| Beginning of period | 84,579 | 25,410 |
| End of period | $90,473 | $34,403 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||
| Cash paid during the period for: | ||
| Income taxes | $582 | $4,081 |
| Interest | $123 | $280 |
| Non-cash investing activities: | ||
| Change in capital expenditures in accounts payable | $13 | $(506) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.