Penguin Solutions, Inc.
For the period ended May 29, 2026. Filed Jul 7, 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.
May 29, 2026 · Filed Jul 7, 2026
PENG$44.64-2.3%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
| Nine Months Ended | May 29,2026 | May 30,2025 |
|---|---|---|
| Cash flows from operating activities | ||
| Net income | $90,779 | $18,285 |
| Adjustments to reconcile net income from continuing operations to net cash provided by operating activities: | ||
| Depreciation expense and amortization of intangible assets | 37,877 | 43,010 |
| Amortization of debt issuance costs | 1,892 | 2,819 |
| Stock-based compensation expense | 25,195 | 33,362 |
| Impairment of goodwill | — | 11,373 |
| Loss on impairment of non-marketable equity investment | 10,000 | — |
| Gain on disposition of equity investment | (30,928) | — |
| Deferred income taxes, net | 321 | 1,122 |
| Other | 526 | (2,468) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (396,365) | (40,760) |
| Inventories | (243,136) | (30,776) |
| Other assets | 9,899 | 13,741 |
| Accounts payable and accrued expenses and other liabilities | 505,162 | 133,908 |
| Net cash provided by operating activities from continuing operations | 11,222 | 183,616 |
| Net cash used for operating activities from discontinued operations | — | (4,099) |
| Net cash provided by operating activities | 11,222 | 179,517 |
| Cash flows from investing activities | ||
| Capital expenditures and deposits on equipment | (7,297) | (6,087) |
| Proceeds from sales and maturities of investment securities | — | 27,485 |
| Purchases of held-to-maturity investment securities | — | (46,127) |
| Proceeds from disposition of equity investments | 71,738 | — |
| Other | (1,332) | (1,015) |
| Net cash provided by (used for) investing activities from continuing operations | 63,109 | (25,744) |
| Net cash provided by investing activities from discontinued operations | — | 28,350 |
| Net cash provided by investing activities | 63,109 | 2,606 |
| Cash flows from financing activities | ||
| Proceeds from issuance of preferred shares, net of $8,818 paid issuance costs | — | 191,182 |
| Repayments of debt | (20,000) | — |
| Payments to acquire common stock | (68,886) | (49,240) |
| Proceeds from restricted cash advances | 38,000 | — |
| Payment of preferred stock cash dividends | (9,100) | (5,100) |
| Proceeds from issuance of common stock | 10,202 | 7,745 |
| Net cash (used for) provided by financing activities | (49,784) | 144,587 |
| Net increase in cash, cash equivalents and restricted cash | 24,547 | 326,710 |
| Cash, cash equivalents and restricted cash at beginning of period | 454,070 | 383,477 |
| Cash, cash equivalents and restricted cash at end of period | $478,617 | $710,187 |
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