Keysight Technologies, Inc.
For the period ended Jul 31, 2026. Filed Sep 2, 2026.
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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.
Jul 31, 2026 · Filed Sep 2, 2026
KEYS$291.46+0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statement of Cash Flows
(in millions)
| Nine Months Ended | ||
|---|---|---|
| July 31, | ||
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net income | $1,027 | $617 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation | 116 | 97 |
| Amortization | 202 | 104 |
| Share-based compensation | 181 | 129 |
| Deferred tax expense (benefit) | (28) | (58) |
| Excess and obsolete inventory-related charges | 29 | 30 |
| Gain on sale of investments | (6) | — |
| Unrealized loss (gain) on investments | 38 | (39) |
| Other non-cash expenses (income), net | 13 | 5 |
| Changes in assets and liabilities, net of effects of businesses acquired: | ||
| Accounts receivable | (138) | 173 |
| Inventory | (26) | (21) |
| Accounts payable | 72 | 29 |
| Employee compensation and benefits | (20) | (8) |
| Deferred revenue | 64 | (12) |
| Income taxes payable | (63) | 42 |
| Other assets and liabilities | (82) | 96 |
| Net cash provided by operating activities | 1,379 | 1,184 |
| Cash flows from investing activities: | ||
| Investments in property, plant and equipment | (97) | (90) |
| Acquisitions of businesses and intangible assets, net of cash acquired | (33) | (3) |
| Purchase of investments | (27) | (4) |
| Proceeds from sale of investments | 22 | — |
| Net cash used in investing activities | (135) | (97) |
| Cash flows from financing activities: | ||
| Proceeds from issuance of common stock under employee stock plans | 68 | 63 |
| Payment of taxes related to net share settlement of equity awards | (41) | (38) |
| Treasury stock repurchases, including excise tax payments | (520) | (278) |
| Proceeds from issuance of long-term debt | — | 748 |
| Payment of acquisition-related consideration | (21) | — |
| Debt issuance costs | (1) | (8) |
| Net cash provided by (used in) financing activities | (515) | 487 |
| Effect of exchange rate movements | 3 | 9 |
| Net increase in cash, cash equivalents, and restricted cash | 732 | 1,583 |
| Cash, cash equivalents, and restricted cash at beginning of period | 1,890 | 1,814 |
| Cash, cash equivalents, and restricted cash at end of period | $2,622 | $3,397 |
| Supplemental cash flow information: | ||
| Interest payments | $90 | $39 |
| Income tax paid, net | $127 | $74 |
| Investments in property, plant and equipment included in accounts payable | $18 | $19 |
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