Ubiquiti Inc.
For the period ended Jun 30, 2025. Filed Aug 22, 2025.
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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 22, 2025
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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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
(In thousands)
| Years Ended June 30, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Cash Flows from Operating Activities: | |||
| Net income | $711,922 | $349,960 | $407,641 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 21,901 | 19,251 | 16,292 |
| Amortization of debt issuance costs | 2,022 | 1,725 | 1,405 |
| Provision for excess and obsolete inventory | 6,657 | 23,905 | 13,391 |
| Provision for loss on vendor deposits | 11,088 | 20,019 | (3,913) |
| Share-based compensation | 7,208 | 6,358 | 4,734 |
| Deferred taxes, net | (72,192) | (11,967) | (16,857) |
| Provision for bad debt | 11,458 | (574) | 553 |
| Other, net | (685) | 745 | 1,519 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (86,927) | (1,765) | (48,200) |
| Inventories | (219,867) | 250,665 | (487,922) |
| Vendor deposits | 64,164 | (18,253) | (39,457) |
| Prepaid expenses and other assets | (16,344) | (17,564) | (10,252) |
| Accounts payable | 113,550 | (103,086) | 69,730 |
| Income taxes payable | (10,812) | (17,115) | (14,041) |
| Deferred revenues | 30,122 | 6,595 | (1,321) |
| Accrued and other liabilities | 66,762 | 32,617 | (38,730) |
| Net cash provided by (used in) operating activities | 640,027 | 541,516 | (145,428) |
| Cash Flows from Investing Activities: | |||
| Purchase of property and equipment and other long-term assets | (12,586) | (11,975) | (20,934) |
| Net cash used in investing activities | (12,586) | (11,975) | (20,934) |
| Cash Flows from Financing Activities: | |||
| Proceeds from borrowing under the credit facility - Term | — | — | 250,000 |
| Proceeds from borrowing under the credit facility- Revolver | 30,000 | — | 415,000 |
| Repayment against credit facility- Revolver | (205,000) | (215,000) | (345,000) |
| Repayment against credit facility- Term | (283,125) | (157,500) | (28,125) |
| Debt issuance costs | — | — | (1,205) |
| Payment of common stock cash dividends | (145,153) | (145,091) | (145,043) |
| Proceeds from exercise of stock options | — | — | 23 |
| Tax withholdings related to net share settlements of restricted stock units | (778) | (434) | (686) |
| Net cash (used in) provided by financing activities | (604,056) | (518,025) | 144,964 |
| Net increase (decrease) in cash and cash equivalents | 23,385 | 11,516 | (21,398) |
| Cash and cash equivalents at beginning of period | 126,342 | 114,826 | 136,224 |
| Cash and cash equivalents at end of period | $149,727 | $126,342 | $114,826 |
| Supplemental Disclosure of Cash Flow Information: | |||
| Income taxes paid, net of refunds | $177,237 | $108,572 | $109,685 |
| Interest paid | $31,048 | $75,094 | $53,870 |
| Non-Cash Investing and Financing Activities: | |||
| Right-of-use asset recognized | $10,565 | $4,393 | $7,201 |
| Unpaid property and equipment and other long-term assets | $1,448 | $1,300 | $1,274 |
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