NOVANTA INC
For the period ended Sep 26, 2025. Filed Nov 3, 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 26, 2025 · Filed Nov 3, 2025
NOVT$123.71-15.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands of U.S. dollars)
| Nine Months Ended | ||
|---|---|---|
| September 26, | September 27, | |
| 2025 | 2024 | |
| Cash flows from operating activities: | ||
| Net income | $36,358 | $47,623 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 44,855 | 41,200 |
| Provision for inventory excess and obsolescence | 2,677 | 7,325 |
| Share-based compensation | 21,296 | 18,672 |
| Deferred income taxes | (6,444) | (11,908) |
| Write-off of unamortized deferred financing costs | 426 | — |
| Inventory acquisition fair value adjustments | — | 2,777 |
| Loss (gain) on disposal of fixed assets | (4,087) | — |
| Other | 1,368 | 1,273 |
| Changes in assets and liabilities which (used)/provided cash, excluding effects from business acquisitions: | ||
| Accounts receivable | (12,426) | (16,087) |
| Inventories | (27,312) | 416 |
| Prepaid income taxes, income taxes receivable, prepaid expenses and other current assets | (2,568) | (2,378) |
| Accounts payable, income taxes payable, accrued expenses and other current liabilities | (3) | 7,506 |
| Other non-current assets and liabilities | 1,111 | 531 |
| Net cash provided by operating activities | 55,251 | 96,950 |
| Cash flows from investing activities: | ||
| Cash paid for business acquisitions, net of working capital adjustments | (64,291) | (191,200) |
| Purchases of property, plant and equipment | (11,955) | (14,913) |
| Proceeds from sale of property, plant and equipment | 5,537 | — |
| Net cash used in investing activities | (70,709) | (206,113) |
| Cash flows from financing activities: | ||
| Borrowings under revolving credit facilities | 72,805 | 198,000 |
| Repayments under term loan and revolving credit facilities | (49,205) | (95,983) |
| Payments of debt issuance costs | (3,843) | — |
| Payments of withholding taxes from share-based awards | (7,720) | (8,924) |
| Repurchases of common shares | (20,213) | — |
| Other financing activities | (3,143) | (534) |
| Net cash (used in) provided by financing activities | (11,319) | 92,559 |
| Effect of exchange rates on cash and cash equivalents | 2,009 | 4,243 |
| Decrease in cash and cash equivalents | (24,768) | (12,361) |
| Cash and cash equivalents, beginning of the period | 113,989 | 105,051 |
| Cash and cash equivalents, end of the period | $89,221 | $92,690 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | $17,879 | $25,376 |
| Cash paid for income taxes | $31,306 | $18,807 |
| Income tax refunds received | $540 | $1,069 |
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