JABIL INC
For the period ended Aug 31, 2024. Filed Oct 28, 2024.
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FY2024 · Filed Oct 28, 2024
JBL$249.82-1.1%Stored close · as of Nov 10, 2026
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Consolidated Statements of Cash Flows – Fiscal years ended
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Fiscal Year Ended August 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows provided by operating activities: | |||
| Net income | $1,388 | $818 | $996 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 696 | 924 | 925 |
| Restructuring and related charges | 95 | 5 | (1) |
| Recognition of stock-based compensation expense and related charges | 89 | 95 | 81 |
| Deferred income taxes | (64) | 85 | (13) |
| Gain from the divestiture of businesses | (942) | — | — |
| Other, net | (18) | 13 | 10 |
| Change in operating assets and liabilities, exclusive of net assets acquired: | |||
| Accounts receivable | (200) | 267 | (878) |
| Contract assets | (32) | 171 | (214) |
| Inventories | 1,179 | 370 | (1,725) |
| Prepaid expenses and other current assets | (587) | (214) | (367) |
| Other assets | 6 | 53 | (29) |
| Accounts payable, accrued expenses and other liabilities | 106 | (853) | 2,866 |
| Net cash provided by operating activities | 1,716 | 1,734 | 1,651 |
| Cash flows provided by (used in) investing activities: | |||
| Acquisition of property, plant and equipment | (784) | (1,030) | (1,385) |
| Proceeds and advances from sale of property, plant and equipment | 123 | 322 | 544 |
| Cash paid for business and intangible asset acquisitions, net of cash | (90) | (29) | (18) |
| Proceeds from the divestiture of businesses | 2,108 | 50 | — |
| Other, net | (6) | (36) | 1 |
| Net cash provided by (used in) investing activities | 1,351 | (723) | (858) |
| Cash flows used in financing activities: | |||
| Borrowings under debt agreements | 1,992 | 4,047 | 3,767 |
| Payments toward debt agreements | (2,103) | (4,204) | (3,890) |
| Payments to acquire treasury stock | (2,500) | (487) | (696) |
| Dividends paid to stockholders | (42) | (45) | (48) |
| Net proceeds from exercise of stock options and issuance of common stock under employee stock purchase plan | 58 | 51 | 45 |
| Treasury stock minimum tax withholding related to vesting of restricted stock | (68) | (36) | (44) |
| Other, net | (5) | (6) | (22) |
| Net cash used in financing activities | (2,668) | (680) | (888) |
| Effect of exchange rate changes on cash and cash equivalents | (2) | (5) | 6 |
| Net increase (decrease) in cash and cash equivalents | 397 | 326 | (89) |
| Cash and cash equivalents at beginning of period | 1,804 | 1,478 | 1,567 |
| Cash and cash equivalents at end of period | $2,201 | $1,804 | $1,478 |
| Supplemental disclosure information: | |||
| Interest paid, net of capitalized interest | $167 | $211 | $150 |
| Income taxes paid, net of refunds received | $502 | $319 | $209 |
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