AVIAT NETWORKS INC
For the period ended Mar 28, 2025. Filed May 6, 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.
Mar 28, 2025 · Filed May 6, 2025
AVNW$15.86-17.1%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)
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Nine Months Ended | ||
|---|---|---|
| (In thousands) | March 28,2025 | March 29,2024 |
| Operating Activities | ||
| Net (loss) income | $(3,856) | $9,211 |
| Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities: | ||
| Depreciation of property, plant and equipment | 3,959 | 3,077 |
| Amortization of intangible assets | 1,976 | 651 |
| Provision for uncollectible receivables | 1,282 | 569 |
| Share-based compensation | 5,626 | 5,545 |
| Deferred taxes | (3,500) | 1,659 |
| Inventory write-downs | 1,856 | 3,589 |
| Non-cash lease expense | 1,138 | 575 |
| Loss on extinguishment of debt | 485 | — |
| Other non-cash operating activities, net | 110 | 22 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (24,899) | 15,415 |
| Unbilled receivables | (11,693) | (15,350) |
| Inventories | (30,947) | 5,976 |
| Accounts payable | 40,904 | (8,841) |
| Accrued expenses | (4,752) | 11,341 |
| Advance payments and unearned revenue | 26,975 | (4,213) |
| Income taxes payable | 175 | 1,099 |
| Other assets and liabilities | (9,629) | (8,096) |
| Net cash (used in) provided by operating activities | (4,790) | 22,229 |
| Investing Activities | ||
| Purchase of property, plant and equipment | (10,703) | (1,866) |
| Purchase of marketable securities | — | (925) |
| Proceeds from sale of asset held for sale | 2,589 | — |
| Acquisition, net of cash acquired | (18,150) | (32,162) |
| Net cash used in investing activities | (26,264) | (34,953) |
| Financing Activities | ||
| Proceeds from revolver | 55,000 | 33,200 |
| Repayments of revolver | (55,000) | (33,200) |
| Proceeds from term loan | 75,000 | 50,000 |
| Repayments of term loan | (49,687) | (625) |
| Payments of deferred financing costs | (529) | (79) |
| Payments of deferred consideration for acquisitions | (5,815) | — |
| Payments for repurchase of common stock - treasury shares | (598) | (332) |
| Payments for taxes related to net settlement of equity awards | (942) | (690) |
| Proceeds from issuance of common stock under employee stock plans | 156 | 1,005 |
| Net cash provided by financing activities | 17,585 | 49,279 |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | 214 | (597) |
| Net (decrease) increase in cash, cash equivalents, and restricted cash | (13,255) | 35,958 |
| Cash, cash equivalents, and restricted cash, beginning of period | 64,934 | 22,521 |
| Cash, cash equivalents, and restricted cash, end of period | $51,679 | $58,479 |
| Supplemental disclosures of cash flow information | ||
| Non-cash investing and financing activities: | ||
| Common stock issued in connection with acquisition | $— | $22,331 |
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