Sonos Inc
For the period ended Sep 28, 2024. Filed Nov 15, 2024.
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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.
FY2024 · Filed Nov 15, 2024
SONO$16.89-0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
(in thousands)
| Year Ended | |||
|---|---|---|---|
| September 28,2024 | September 30,2023 | October 1,2022 | |
| Cash flows from operating activities | |||
| Net income (loss) | $(38,146) | $(10,274) | $67,383 |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 52,378 | 48,969 | 38,504 |
| Restructuring and abandonment charges | 2,204 | 5,533 | — |
| Stock-based compensation expense | 84,294 | 76,857 | 75,640 |
| Provision for inventory obsolescence | 8,894 | 20,640 | 6,276 |
| Other | 3,701 | 5,535 | 4,705 |
| Deferred income taxes | (18,922) | (583) | (1,508) |
| Foreign currency transaction (gain) loss | (7,276) | (7,335) | 10,775 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable, net | 23,044 | 32,120 | (5,513) |
| Inventories | 106,122 | 87,004 | (277,489) |
| Other assets | (28,775) | 10,470 | (16,604) |
| Accounts payable and accrued expenses | (789) | (162,345) | 129,686 |
| Accrued compensation | (6,775) | (2,185) | (52,904) |
| Deferred revenue | 304 | (4,576) | (1,667) |
| Other liabilities | 9,648 | 576 | (5,544) |
| Net cash provided by (used in) operating activities | 189,906 | 100,406 | (28,260) |
| Cash flows from investing activities | |||
| Purchases of marketable securities | (90,495) | — | — |
| Purchases of property and equipment and intangibles assets | (55,247) | (50,286) | (46,216) |
| Maturities of marketable securities | 40,500 | — | — |
| Cash paid for acquisitions, net of acquired cash | — | — | (126,416) |
| Net cash used in investing activities | (105,242) | (50,286) | (172,632) |
| Cash flows from financing activities | |||
| Payments for debt issuance costs | — | — | (929) |
| Proceeds from exercise of stock options | 17,053 | 21,346 | 40,443 |
| Payments for repurchase of common stock | (129,018) | (100,064) | (150,121) |
| Payments for repurchase of common stock related to shares withheld for tax in connection with vesting of RSUs | (25,344) | (29,874) | (39,653) |
| Net cash used in financing activities | (137,309) | (108,592) | (150,260) |
| Effect of exchange rate changes on cash and cash equivalents | 2,146 | 3,848 | (14,094) |
| Net decrease in cash and cash equivalents | (50,499) | (54,624) | (365,246) |
| Cash and cash equivalents | |||
| Beginning of period | 220,231 | 274,855 | 640,101 |
| End of period | $169,732 | $220,231 | $274,855 |
| Supplemental disclosure | |||
| Cash paid for interest | $256 | $1,330 | $344 |
| Cash paid for taxes, net of refunds | $21,206 | $9,522 | $9,306 |
| Cash paid for amounts included in the measurement of lease liabilities | $11,008 | $14,218 | $14,636 |
| Supplemental disclosure of non-cash investing and financing activities | |||
| Purchases of property and equipment, accrued but not paid | $7,878 | $2,784 | $9,112 |
| Right-of-use assets obtained in exchange for lease liabilities | $11,492 | $31,692 | $5,054 |
| Excise tax on share repurchases, accrued but not paid | $602 | $— | $— |
| Change in estimate of asset retirement obligations | $— | $2,290 | $— |
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