Penguin Solutions, Inc.
For the period ended Aug 29, 2025. Filed Oct 21, 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 Oct 21, 2025
PENG$44.64-2.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows
| Year Ended | August 29,2025 | August 30,2024 | August 25,2023 |
|---|---|---|---|
| Cash flows from operating activities | |||
| Net income (loss) | $28,835 | $(49,933) | $(185,694) |
| Net loss from discontinued operations | — | (8,148) | (195,384) |
| Net income (loss) from continuing operations | 28,835 | (41,785) | 9,690 |
| Adjustments to reconcile net income (loss) from continuing operations to net cash provided by operating activities: | |||
| Depreciation expense and amortization of intangible assets | 56,216 | 65,716 | 71,632 |
| Amortization of debt issuance costs | 3,493 | 3,724 | 4,064 |
| Stock-based compensation expense | 41,176 | 43,160 | 39,228 |
| Impairment of goodwill | 16,063 | — | 19,092 |
| Change in fair value of contingent consideration | — | — | 29,000 |
| Loss on extinguishment debt | 2,908 | 22,763 | 15,924 |
| Deferred income taxes, net | (14,112) | (11,042) | (63,603) |
| Other | (2,293) | (2,689) | 4,008 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (56,160) | (32,495) | 162,515 |
| Inventories | (101,610) | 23,765 | 95,217 |
| Other assets | 7,653 | 9,098 | 6,767 |
| Accounts payable and accrued expenses and other liabilities | 131,014 | 54,306 | (256,133) |
| Payment of acquisition-related contingent consideration | — | (29,000) | (73,724) |
| Net cash provided by operating activities from continuing operations | 113,183 | 105,521 | 63,677 |
| Net cash used for operating activities from discontinued operations | (4,099) | (28,336) | 40,710 |
| Net cash provided by operating activities | 109,084 | 77,185 | 104,387 |
| Cash flows from investing activities | |||
| Capital expenditures and deposits on equipment | (9,012) | (19,424) | (39,421) |
| Proceeds from sales and maturities of investment securities | 66,361 | 39,395 | — |
| Purchases of held-to-maturity investment securities | (59,066) | (19,503) | (25,015) |
| Purchases of non-marketable investments | — | (11,000) | (4,150) |
| Acquisition of business, net of cash acquired | — | — | (213,073) |
| Other | (1,660) | (1,272) | 475 |
| Net cash used for investing activities from continuing operations | (3,377) | (11,804) | (281,184) |
| Net cash provided by investing activities from discontinued operations | 28,350 | 119,389 | (17,385) |
| Net cash provided by investing activities | 24,973 | 107,585 | (298,569) |
| Cash flows from financing activities | |||
| Repayments of debt | (300,015) | (351,337) | (21,634) |
| Payments to acquire common stock | (52,320) | (21,309) | (24,671) |
| Payment of acquisition-related contingent consideration | — | (21,000) | (28,100) |
| Net cash paid for settlement and purchase of capped calls | — | (16,300) | (4,304) |
| Distribution to noncontrolling interest | — | (1,470) | (2,009) |
| Proceeds from debt | — | 192,694 | 295,287 |
| Proceeds from issuance of common stock | 8,804 | 9,809 | 43,045 |
| Payment of premium in connection with convertible note exchange | — | — | (14,141) |
| Payment of preferred stock cash dividends | (7,860) | — | — |
| Proceeds from issuance of convertible preferred stock, net of issuance costs | 191,182 | — | — |
| Proceeds from borrowing under line of credit | 100,000 | — | — |
| Fees paid for revolving line of credit financing | (3,255) | — | — |
| Other | — | (582) | (6,252) |
| Net cash provided by (used for) financing activities from continuing operations | (63,464) | (209,495) | 237,221 |
| Net cash used for financing activities from discontinued operations | — | (606) | (805) |
| Net cash provided by (used for) financing activities | (63,464) | (210,101) | 236,416 |
| Effect of changes in currency exchange rates | — | (1,256) | 4,765 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 70,593 | (26,587) | 46,999 |
| Cash, cash equivalents and restricted cash at beginning of period | 383,477 | 410,064 | 363,065 |
| Cash, cash equivalents and restricted cash at end of period | $454,070 | $383,477 | $410,064 |
| Cash, cash equivalents and restricted cash at end of period: | |||
| Continuing operations | $454,070 | $383,477 | $365,563 |
| Discontinued operations | — | — | 44,501 |
| $454,070 | $383,477 | $410,064 | |
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