SMART Global Holdings Inc
For the period ended Dec 1, 2023. Filed Jan 9, 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.
Dec 1, 2023 · Filed Jan 9, 2024
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
| Three Months Ended | December 1,2023 | November 25,2022 |
|---|---|---|
| Cash flows from operating activities | ||
| Net income (loss) | $(19,360) | $5,324 |
| Net income (loss) from discontinued operations | (8,148) | 8,931 |
| Net loss from continuing operations | (11,212) | (3,607) |
| Adjustments to reconcile net loss from continuing operations to net cash provided by (used for) operating activities: | ||
| Depreciation expense and amortization of intangible assets | 17,654 | 17,049 |
| Amortization of debt discount and issuance costs | 1,042 | 1,069 |
| Share-based compensation expense | 10,970 | 9,981 |
| Change in fair value of contingent consideration | — | 3,700 |
| Loss on extinguishment of debt | — | (767) |
| Deferred income taxes, net | (282) | 1,718 |
| Other | 664 | 357 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 48,658 | 123,097 |
| Inventories | (33,464) | (102,047) |
| Other assets | 2,102 | (6,828) |
| Accounts payable and accrued expenses and other liabilities | 23,581 | (54,749) |
| Payment of acquisition-related contingent consideration | — | (73,724) |
| Net cash provided by (used for) operating activities from continuing operations | 59,713 | (84,751) |
| Net cash provided by (used for) operating activities from discontinued operations | (28,235) | 10,766 |
| Net cash provided by (used for) operating activities | 31,478 | (73,985) |
| Cash flows from investing activities | ||
| Capital expenditures and deposits on equipment | (4,648) | (7,991) |
| Proceeds from maturities of investment securities | 9,665 | — |
| Purchases of held-to-maturity investment securities | (8,469) | — |
| Acquisition of business, net of cash acquired | — | (210,273) |
| Other | (188) | (1,759) |
| Net cash used for investing activities from continuing operations | (3,640) | (220,023) |
| Net cash provided by (used for) investing activities from discontinued operations | 118,938 | (3,620) |
| Net cash provided by (used for) investing activities | 115,298 | (223,643) |
| Cash flows from financing activities | ||
| Proceeds from debt | — | 295,287 |
| Proceeds from issuance of ordinary shares | 3,455 | 3,942 |
| Payment of acquisition-related contingent consideration | — | (28,100) |
| Payments to acquire ordinary shares | (13,130) | (4,659) |
| Repayments of debt | (14,423) | (3,606) |
| Distribution to noncontrolling interest | (1,470) | — |
| Other | (582) | (788) |
| Net cash provided by (used for) financing activities from continuing operations | (26,150) | 262,076 |
| Net cash used for financing activities from discontinued operations | (606) | (97) |
| Net cash provided by (used for) financing activities | (26,756) | 261,979 |
| Effect of changes in currency exchange rates | (1,025) | 205 |
| Net increase (decrease) in cash and cash equivalents | 118,995 | (35,444) |
| Cash and cash equivalents at beginning of period | 410,064 | 363,065 |
| Cash and cash equivalents at end of period | $529,059 | $327,621 |
| Cash and cash equivalents at end of period: | ||
| Continuing operations | $529,059 | $284,398 |
| Discontinued operations | — | 43,223 |
| $529,059 | $327,621 | |
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