Penguin Solutions, Inc.
For the period ended Nov 29, 2024. Filed Jan 8, 2025.
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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.
Nov 29, 2024 · Filed Jan 8, 2025
PENG$45.70+9.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(In thousands, except par value amount)
| As of | November 29,2024 | August 30,2024 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $370,295 | $383,147 |
| Short-term investments | 23,430 | 6,337 |
| Accounts receivable, net | 275,629 | 251,743 |
| Inventories | 246,952 | 151,213 |
| Other current assets | 79,273 | 75,264 |
| Total current assets | 995,579 | 867,704 |
| Property and equipment, net | 100,239 | 106,548 |
| Operating lease right-of-use assets | 58,317 | 60,349 |
| Intangible assets, net | 111,926 | 121,454 |
| Goodwill | 161,958 | 161,958 |
| Deferred tax assets | 84,934 | 85,078 |
| Other noncurrent assets | 70,062 | 71,415 |
| Total assets | $1,583,015 | $1,474,506 |
| Liabilities and Equity | ||
| Accounts payable and accrued expenses | $284,636 | $219,090 |
| Deferred revenue | 41,326 | 63,954 |
| Other current liabilities | 100,924 | 44,552 |
| Total current liabilities | 426,886 | 327,596 |
| Long-term debt | 658,070 | 657,347 |
| Noncurrent operating lease liabilities | 58,611 | 60,542 |
| Other noncurrent liabilities | 30,499 | 29,813 |
| Total liabilities | 1,174,066 | 1,075,298 |
| Commitments and contingencies | ||
| Penguin Solutions shareholders’ equity: | ||
| Preferred shares, $0.03 par value; authorized 30,000 shares; none issued or outstanding | — | — |
| Ordinary shares, $0.03 par value; authorized 200,000 shares; 61,067 shares issued and 53,438 outstanding as of November 29, 2024; 60,226 shares issued and 53,277 outstanding as of August 30, 2024 | 1,832 | 1,807 |
| Additional paid-in capital | 528,201 | 513,335 |
| Retained earnings | 35,202 | 29,985 |
| Treasury shares, 7,629 and 6,949 shares held as of November 29, 2024 and August 30, 2024, respectively | (164,879) | (153,756) |
| Accumulated other comprehensive income (loss) | 19 | 10 |
| Total Penguin Solutions shareholders’ equity | 400,375 | 391,381 |
| Noncontrolling interest in subsidiary | 8,574 | 7,827 |
| Total equity | 408,949 | 399,208 |
| Total liabilities and equity | $1,583,015 | $1,474,506 |
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