OSI SYSTEMS INC

For the period ended Jun 30, 2025. Filed Aug 25, 2025.

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.

FY2025 · Filed Aug 25, 2025

OSIS$197.00-2.2%Stored close · as of Nov 10, 2026

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Contents

Item 8. Consolidated Statements of Cash Flows

CONSOLIDATED STATEMENTS OF CASH FLOW****S

(amounts in thousands)


· · Year Ended June 30,
	2023		2024		2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net income		$91,778		$128,154		$149,637
Adjustments to reconcile net income to net cash provided by (used in) operating activities, net of effects from acquisitions:
Depreciation and amortization		38,513		42,209		43,580
Stock-based compensation		29,124		28,706		31,959
Provision for (recovery of) losses on accounts receivable		(3,899)		5,574		(617)
Deferred income taxes		(3,978)		(14,133)		(9,087)
Amortization of debt discount and issuance costs		196		—		1,683
Other		250		94		193
Changes in operating assets and liabilities—net of business acquisitions:
Accounts receivable		(66,088)		(293,639)		(164,721)
Inventories		(115)		(57,292)		(9,698)
Prepaid expenses and other assets		(5,422)		(31,656)		2,297
Accounts payable		10,756		52,454		7,885
Accrued payroll and related expenses		4,716		(5,010)		(730)
Advances from customers		1,356		31,403		14,864
Deferred revenue		10,445		4,324		25,495
Other		(12,820)		21,311		4,852
Net cash provided by (used in) operating activities		94,812		(87,501)		97,592
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of property and equipment		(15,811)		(22,102)		(23,832)
Proceeds from sale of property and equipment		347		510		275
Purchases of certificates of deposit		(5,280)		—		—
Proceeds from maturities of certificates of deposit		3,827		10,329		110
Acquisition of businesses, net of cash acquired		(7,101)		(9,046)		(76,739)
Payments for intangible and other assets		(16,443)		(17,330)		(17,665)
Net cash used in investing activities		(40,461)		(37,639)		(117,851)
CASH FLOWS FROM FINANCING ACTIVITIES
Net borrowings (repayments) on bank lines of credit		155,000		169,000		(206,000)
Proceeds from long-term debt		100,766		1,435		340,679
Payments on long-term debt		(249,842)		(8,450)		(8,277)
Proceeds from exercise of stock options and employee stock purchase plan		7,707		6,178		8,011
Payment of contingent consideration		(4,103)		(602)		(477)
Repurchase of common stock		(34,749)		—		(80,443)
Taxes paid related to net share settlement of equity awards		(11,954)		(23,311)		(22,671)
Net cash provided by (used in) financing activities		(37,175)		144,250		30,822
Effect of exchange rate changes on cash		(4,628)		(507)		489
Net increase in cash and cash equivalents		12,548		18,603		11,052
Cash and cash equivalents—beginning of year		64,202		76,750		95,353
Cash and cash equivalents—end of year		$76,750		$95,353		$106,405
Supplemental disclosure of cash flow information:
Interest paid		$20,277		$26,761		$26,837
Income taxes paid		$19,439		$42,100		$39,901

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

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