ICHOR HOLDINGS LTD
For the period ended Dec 29, 2023. Filed Feb 23, 2024.
View on SEC.govAbout this filing
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.
FY2023 · Filed Feb 23, 2024
ICHR$35.27+2.4%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
Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
(in thousands)
| Year Ended | |||
|---|---|---|---|
| December 29,2023 | December 30,2022 | December 31,2021 | |
| Cash flows from operating activities: | |||
| Net income (loss) | $(42,985) | $72,804 | $70,899 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation and amortization | 34,577 | 35,100 | 25,992 |
| Share-based compensation | 17,338 | 13,924 | 11,473 |
| Deferred income taxes | 9,314 | (3,215) | (1,863) |
| Amortization of debt issuance costs | 465 | 465 | 883 |
| Loss on extinguishment of debt | — | — | 737 |
| Gain on sale of asset disposal group | — | — | (504) |
| Other | — | — | 484 |
| Changes in operating assets and liabilities, net of acquisitions: | |||
| Accounts receivable, net | 69,600 | 6,669 | (33,454) |
| Inventories | 37,775 | (47,527) | (89,249) |
| Prepaid expenses and other assets | 10,204 | 4,508 | 786 |
| Accounts payable | (50,974) | (50,175) | 38,649 |
| Accrued liabilities | (9,766) | 3,648 | (6,740) |
| Other liabilities | (17,916) | (4,748) | (2,821) |
| Net cash provided by operating activities | 57,632 | 31,453 | 15,272 |
| Cash flows from investing activities: | |||
| Capital expenditures | (15,496) | (29,433) | (20,839) |
| Cash paid for acquisitions, net of cash acquired | — | 500 | (268,766) |
| Purchase of marketable securities | — | — | (115,197) |
| Proceeds from maturities and sales of marketable securities | — | — | 114,713 |
| Proceeds from sale of property and equipment | — | — | 504 |
| Net cash used in investing activities | (15,496) | (28,933) | (289,585) |
| Cash flows from financing activities: | |||
| Issuance of ordinary shares under share-based compensation plans | 7,521 | 3,768 | 9,664 |
| Employees' taxes paid upon vesting of restricted share units | (3,672) | (2,813) | (3,616) |
| Debt issuance and modification costs | — | — | (1,852) |
| Borrowings on revolving credit facility | — | 25,000 | 137,591 |
| Repayments on revolving credit facility | (45,000) | (10,000) | (41,753) |
| Proceeds from term loan | — | — | 94,175 |
| Repayments on term loan | (7,500) | (7,500) | (97,300) |
| Net cash provided by (used in) financing activities | (48,651) | 8,455 | 96,909 |
| Net increase (decrease) in cash | (6,515) | 10,975 | (177,404) |
| Cash at beginning of period | 86,470 | 75,495 | 252,899 |
| Cash at end of period | $79,955 | $86,470 | $75,495 |
| Supplemental disclosures of cash flow information: | |||
| Cash paid during the period for interest | $20,368 | $10,590 | $7,123 |
| Cash paid during the period for taxes, net of refunds | $3,877 | $3,285 | $5,642 |
| Supplemental disclosures of non-cash activities: | |||
| Capital expenditures included in accounts payable | $625 | $1,543 | $930 |
| Right-of-use assets obtained in exchange for new operating lease liabilities, including those acquired through acquisitions | $4,789 | $17,889 | $24,643 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.