Ubiquiti Inc
For the period ended Sep 30, 2024. Filed Nov 8, 2024.
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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.
Sep 30, 2024 · Filed Nov 8, 2024
UI$685.94+0.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
(In thousands) (Unaudited)
| Three Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash Flows from Operating Activities: | ||
| Net income | $127,988 | $87,750 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 6,126 | 5,131 |
| Amortization of debt issuance costs | 1,037 | 434 |
| Non-cash lease expense | (7) | 258 |
| Provision for excess and obsolete inventory | 2,375 | 1,382 |
| Provision for loss on vendor deposits | 4,355 | 2,954 |
| Share-based compensation | 1,696 | 1,500 |
| Deferred taxes | 99 | 116 |
| Provision for sales returns | 184 | (704) |
| Other, net | 25 | 93 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (5,380) | (898) |
| Inventories | 8,452 | 28,615 |
| Vendor deposits | 21,682 | (25,718) |
| Prepaid expenses and other assets | (3,325) | 62 |
| Accounts payable | 2,425 | (29,834) |
| Income taxes payable | 6,212 | (590) |
| Deferred revenues | 3,434 | 828 |
| Accrued and other liabilities | 56,289 | (3,697) |
| Net cash provided by operating activities | 233,667 | 67,682 |
| Cash Flows from Investing Activities: | ||
| Purchase of property and equipment and other long-term assets | (2,604) | (3,025) |
| Net cash used in investing activities | (2,604) | (3,025) |
| Cash Flows from Financing Activities: | ||
| Repayment against credit facility- Revolver | (35,000) | (25,000) |
| Repayment against credit facility- Term | (120,625) | (9,375) |
| Payment of common stock cash dividends | (36,282) | (36,268) |
| Tax withholdings related to net share settlements of restricted stock units | (323) | (313) |
| Net cash used in financing activities | (192,230) | (70,956) |
| Net increase (decrease) in cash and cash equivalents | 38,833 | (6,299) |
| Cash and cash equivalents at beginning of period | 126,342 | 114,826 |
| Cash and cash equivalents at end of period | $165,175 | $108,527 |
| Supplemental Disclosure of Cash Flow Information: | ||
| Income taxes paid, net of refunds | $24,359 | $19,861 |
| Interest paid | $12,023 | $21,687 |
| Non-Cash Investing and Financing Activities: | ||
| Right-of-use asset recognized | $1,132 | $23 |
| Unpaid property and equipment and other long-term assets | $1,300 | $1,174 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.