Ingram Micro Holding Corp
For the period ended Sep 28, 2024. Filed Nov 12, 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.
Sep 28, 2024 · Filed Nov 12, 2024
INGM$27.44+4.7%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
Condensed Consolidated Statements of Cash Flows
(Amounts in thousands)
| Thirty-Nine Weeks Ended | ||
|---|---|---|
| September 28, 2024 | September 30, 2023 | |
| Cash flows from operating activities: | ||
| Net income | $181,106 | $216,188 |
| Adjustments to reconcile net income to cash provided by operating activities: | ||
| Depreciation and amortization | 140,902 | 138,770 |
| Noncash charges for interest and bond discount amortization | 21,607 | 23,938 |
| Loss on repayment of term loans | 1,927 | 4,872 |
| Amortization of operating lease asset | 96,780 | 79,644 |
| Deferred income taxes | (36,493) | (44,687) |
| Gain on foreign exchange | (5,106) | (856) |
| Other | (12,451) | (978) |
| Changes in operating assets and liabilities, net of effects of acquisitions: | ||
| Trade accounts receivable | (109,758) | 151,326 |
| Inventory | (286,770) | 512,866 |
| Other assets | (85,682) | (99,613) |
| Accounts payable | 245,182 | (638,980) |
| Change in book overdrafts | 37,110 | (54,902) |
| Operating lease liabilities | (94,555) | (72,745) |
| Accrued expenses and other | (69,921) | (155,079) |
| Cash provided by operating activities | 23,878 | 59,764 |
| Cash flows from investing activities: | ||
| Capital expenditures | (106,643) | (164,986) |
| Proceeds from deferred purchase price of factored receivables | 188,877 | 111,695 |
| Issuance of notes receivable | (48,692) | — |
| Proceeds from notes receivable | 29,465 | — |
| Other | 14,001 | (3,275) |
| Cash provided by (used in) investing activities | 77,008 | (56,566) |
| Cash flows from financing activities: | ||
| Dividends paid to shareholders | (6,174) | (10,462) |
| Change in unremitted cash collections from servicing factored receivables | (15,612) | (25,661) |
| Repayment of Term Loans | (250,000) | (560,000) |
| Gross proceeds from other debt | 89,132 | 29,024 |
| Gross repayments of other debt | (105,002) | (43,794) |
| Net proceeds from revolving and other credit facilities | 162,617 | 139,286 |
| Purchase of Colsof shares | (21,846) | — |
| Other | (11,539) | (466) |
| Cash used in financing activities | (158,424) | (472,073) |
| Effect of exchange rate changes on cash and cash equivalents | (41,480) | 13,365 |
| Decrease in cash and cash equivalents | (99,018) | (455,510) |
| Cash and cash equivalents at beginning of period | 948,490 | 1,320,137 |
| Cash and cash equivalents at end of period | $849,472 | $864,627 |
| Supplemental disclosure of non-cash investing information: | ||
| Amounts obtained as a beneficial interest in exchange for transferring trade receivables in factoring arrangements | $185,688 | $100,017 |
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