OSI SYSTEMS INC
For the period ended Jun 30, 2024. Filed Aug 29, 2024.
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FY2024 · Filed Aug 29, 2024
OSIS$197.00-2.2%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 FLOW****S
(amounts in thousands)
| | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|
| · · Year Ended June 30, | |||||||||
| | 2022 | 2023 | 2024 | ||||||
| CASH FLOWS FROM OPERATING ACTIVITIES | | | | | | | | | |
| Net income | | $115,347 | | $91,778 | | $128,154 | |||
| Adjustments to reconcile net income to net cash provided by (used in) operating activities, net of effects from acquisitions: | | | | | | | | | |
| Depreciation and amortization | | 38,679 | | | 38,513 | | | 42,209 | |
| Stock-based compensation | | 28,072 | | | 29,124 | | | 28,706 | |
| Provision for (recovery of) losses on accounts receivable | | | (5,978) | | | (3,899) | | | 5,574 |
| Deferred income taxes | | | 3,520 | | | (3,978) | | | (14,133) |
| Amortization of debt discount and issuance costs | | 1,343 | | | 196 | | | — | |
| Impairment charges | | | 1,006 | | | — | | | — |
| Gain on sale of property and equipment | | | (27,373) | | | — | | | — |
| Other | | (1,326) | | | 250 | | | 94 | |
| Changes in operating assets and liabilities—net of business acquisitions: | | | | | | | | | |
| Accounts receivable | | (13,710) | | | (66,088) | | | (293,639) | |
| Inventories | | (44,662) | | | (115) | | | (57,292) | |
| Prepaid expenses and other assets | | 22,323 | | | (5,422) | | | (31,656) | |
| Accounts payable | | (15,055) | | | 10,756 | | | 52,454 | |
| Accrued payroll and related expenses | | | (1,998) | | | 4,716 | | | (5,010) |
| Advances from customers | | (18,423) | | | 1,356 | | | 31,403 | |
| Other | | (17,957) | | | (2,375) | | | 25,635 | |
| Net cash provided by (used in) operating activities | | 63,808 | | | 94,812 | | | (87,501) | |
| CASH FLOWS FROM INVESTING ACTIVITIES | | | | | | | | | |
| Acquisition of property and equipment | | (14,921) | | | (15,811) | | | (22,102) | |
| Proceeds from sale of property and equipment | | | 34,132 | | | 347 | | | 510 |
| Purchases of certificates of deposit | | | (2,243) | | | (5,280) | | | — |
| Proceeds from maturities of certificates of deposit | | | 56 | | | 3,827 | | | 10,329 |
| Acquisition of businesses, net of cash acquired | | (14,132) | | | (7,101) | | | (9,046) | |
| Payments for intangible and other assets | | (15,566) | | | (16,443) | | | (17,330) | |
| Net cash used in investing activities | | (12,674) | | | (40,461) | | | (37,639) | |
| CASH FLOWS FROM FINANCING ACTIVITIES | | | | | | | | | |
| Net borrowings on bank lines of credit | | 60,000 | | | 155,000 | | | 169,000 | |
| Proceeds from long-term debt | | 50,388 | | | 100,766 | | | 1,435 | |
| Payments on long-term debt | | (46,074) | | | (249,842) | | | (8,450) | |
| Proceeds from exercise of stock options and employee stock purchase plan | | 4,796 | | | 7,707 | | | 6,178 | |
| Payment of contingent consideration | | | (2,061) | | | (4,103) | | | (602) |
| Repurchase of common stock | | (111,627) | | | (34,749) | | | — | |
| Taxes paid related to net share settlement of equity awards | | (19,430) | | | (11,954) | | | (23,311) | |
| Net cash provided by (used in) financing activities | | (64,008) | | | (37,175) | | | 144,250 | |
| Effect of exchange rate changes on cash | | (3,537) | | | (4,628) | | | (507) | |
| Net increase (decrease) in cash and cash equivalents | | (16,411) | | | 12,548 | | | 18,603 | |
| Cash and cash equivalents—beginning of year | | 80,613 | | | 64,202 | | | 76,750 | |
| Cash and cash equivalents—end of year | | $64,202 | | $76,750 | | $95,353 | |||
| Supplemental disclosure of cash flow information: | | | | | | | | | |
| Interest | | $6,979 | | $20,277 | | $26,761 | |||
| Income taxes | | $16,658 | | $19,439 | | $42,100 | |||
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.