ALPHA & OMEGA SEMICONDUCTOR Ltd
For the period ended Jun 30, 2024. Filed Aug 23, 2024.
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FY2024 · Filed Aug 23, 2024
AOSL$28.28-3.1%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year Ended June 30, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities | |||
| Net income (loss) including noncontrolling interest | $(11,081) | $12,364 | $453,183 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Gain on deconsolidation of the JV Company | — | — | (399,093) |
| Loss on changes of equity interest in the JV Company, net | — | — | 3,140 |
| Deferred income tax on deconsolidation and changes of equity interest in the JV Company | — | — | 29,973 |
| Depreciation and amortization | 53,757 | 43,207 | 42,851 |
| Equity method investment loss from equity investee | 4,789 | 1,411 | 2,629 |
| Share-based compensation expense | 21,641 | 37,488 | 31,324 |
| Deferred income taxes, net | (880) | (1,418) | 1,592 |
| Loss on disposal of property and equipment | 78 | 182 | 18 |
| Changes in assets and liabilities: | |||
| Accounts receivable | 9,873 | 43,262 | (30,085) |
| Inventories | (12,503) | (25,207) | (57,416) |
| Other current and long-term assets | 1,927 | (18,695) | (9,408) |
| Payable related to equity investee, net | 1,731 | (17,038) | 48,192 |
| Accounts payable | (2,406) | (19,568) | 23,755 |
| Income taxes payable | (1,974) | 1,957 | (1,687) |
| Income taxes payable on deconsolidation and changes of equity interest in the JV Company | — | — | 3,490 |
| Increase (decrease) in deferred revenue | (5,482) | 8,073 | — |
| Accrued and other liabilities | (33,760) | (45,545) | 76,407 |
| Net cash provided by operating activities | 25,710 | 20,473 | 218,865 |
| Cash flows from investing activities | |||
| Proceeds from sale of equity interest in the JV Company | — | — | 26,347 |
| Deconsolidation of cash and cash equivalents of the JV Company | — | — | (20,734) |
| Purchases of property and equipment | (37,088) | (110,428) | (138,014) |
| Proceeds from sale of property and equipment | 383 | 167 | 135 |
| Government grants related to equipment | 961 | 631 | 1,444 |
| Net cash used in investing activities | (35,744) | (109,630) | (130,822) |
| Cash flows from financing activities | |||
| Withholding tax on restricted stock units | (7,678) | (6,381) | (8,641) |
| Proceeds from exercise of stock options and ESPP | 10,114 | 8,978 | 6,143 |
| Payments for repurchase of common shares | — | (13,432) | — |
| Proceeds from borrowings | — | 8,632 | 64,276 |
| Repayments of borrowings | (11,472) | (26,598) | (35,748) |
| Principal payments on finance leases | (867) | (810) | (4,176) |
| Net cash provided by (used in) financing activities | (9,903) | (29,611) | 21,854 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (126) | (280) | (59) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | (20,063) | (119,048) | 109,838 |
| Cash, cash equivalents and restricted cash at beginning of year | 195,603 | 314,651 | 204,813 |
| Cash, cash equivalents and restricted cash at end of year | $175,540 | $195,603 | $314,651 |
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year Ended June 30, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Supplemental disclosures of cash flow information: | |||
| Cash paid for interest | $2,564 | $3,711 | $3,404 |
| Cash paid for income taxes | $5,758 | $1,537 | $5,768 |
| Supplemental disclosures of non-cash investing and financing information: | |||
| Property and equipment purchased but not yet paid | $7,381 | $12,715 | $62,165 |
| Reissuance of treasury stock | $152 | $67 | $64 |
| Reconciliation of cash, cash equivalents, and restricted cash: | |||
| Cash and cash equivalents | $175,127 | $195,188 | $314,352 |
| Restricted cash | 413 | 415 | 299 |
| Total cash, cash equivalents, and restricted cash | $175,540 | $195,603 | $314,651 |
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