Sonos Inc

For the period ended Sep 28, 2024. Filed Nov 15, 2024.

About this filing

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.

FY2024 · Filed Nov 15, 2024

SONO$17.01+3.7%Stored close · as of Nov 9, 2026

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Contents

Consolidated Balance Sheets

(in thousands, except share and par values)

	As of
	September 28,2024	September 30,2023
Assets
Current assets:
Cash and cash equivalents	$169,732	$220,231
Marketable securities	51,426	—
Accounts receivable, net of allowances of $51,741 and $31,786 as of September 28, 2024, and September 30, 2023, respectively	44,513	67,583
Inventories	231,505	346,521
Prepaid and other current assets	53,910	25,296
Total current assets	551,086	659,631
Property and equipment, net	102,148	87,075
Operating lease right-of-use assets	50,175	48,918
Goodwill	82,854	80,420
Intangible assets, net:
In-process research and development	73,770	69,791
Other intangible assets	14,266	20,218
Deferred tax assets	10,314	1,659
Other noncurrent assets	31,699	34,529
Total assets	$916,312	$1,002,241
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable	$194,590	$187,981
Accrued expenses	87,783	89,717
Accrued compensation	15,701	22,079
Deferred revenue, current	21,802	20,188
Other current liabilities	46,277	34,253
Total current liabilities	366,153	354,218
Operating lease liabilities, noncurrent	56,588	54,956
Deferred revenue, noncurrent	61,075	60,650
Deferred tax liabilities	60	9,846
Other noncurrent liabilities	3,816	3,914
Total liabilities	487,692	483,584
Commitments and contingencies (Note 13)
Stockholders’ equity:
Common stock, $0.001 par value; 500,000,000 shares authorized, 123,046,510 and 130,399,940 shares issued, 121,763,776 and 125,113,916 shares outstanding as of September 28, 2024, and September 30, 2023, respectively	123	130
Treasury stock, 1,282,734 and 5,286,024 shares at cost as of September 28, 2024 and September 30, 2023, respectively	(17,096)	(72,586)
Additional paid-in capital	498,245	607,345
Accumulated deficit	(50,934)	(12,788)
Accumulated other comprehensive loss	(1,718)	(3,444)
Total stockholders' equity	428,620	518,657
Total liabilities and stockholders’ equity	$916,312	$1,002,241

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.