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$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 | November 29,2024 | December 1,2023 |
|---|---|---|
| Cash flows from operating activities | ||
| Net income (loss) | $5,964 | $(19,360) |
| Net loss from discontinued operations | — | (8,148) |
| Net income (loss) from continuing operations | 5,964 | (11,212) |
| Adjustments to reconcile net income (loss) from continuing operations to net cash provided by operating activities: | ||
| Depreciation expense and amortization of intangible assets | 14,961 | 17,654 |
| Amortization of debt issuance costs | 953 | 1,042 |
| Share-based compensation expense | 11,531 | 10,970 |
| Deferred income taxes, net | 211 | (282) |
| Other | (712) | 664 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (23,885) | 48,658 |
| Inventories | (93,380) | (33,464) |
| Other assets | 705 | 2,102 |
| Accounts payable and accrued expenses and other liabilities | 97,471 | 23,581 |
| Net cash provided by operating activities from continuing operations | 13,819 | 59,713 |
| Net cash used for operating activities from discontinued operations | — | (28,235) |
| Net cash provided by operating activities | 13,819 | 31,478 |
| Cash flows from investing activities | ||
| Capital expenditures and deposits on equipment | (1,836) | (4,648) |
| Proceeds from maturities of investment securities | 3,780 | 9,665 |
| Purchases of held-to-maturity investment securities | (20,723) | (8,469) |
| Other | (143) | (188) |
| Net cash used for investing activities from continuing operations | (18,922) | (3,640) |
| Net cash provided by investing activities from discontinued operations | — | 118,938 |
| Net cash provided by (used for) investing activities | (18,922) | 115,298 |
| Cash flows from financing activities | ||
| Repayments of debt | — | (14,423) |
| Payments to acquire ordinary shares | (11,123) | (13,130) |
| Distribution to noncontrolling interest | — | (1,470) |
| Proceeds from issuance of ordinary shares | 3,360 | 3,455 |
| Other | — | (582) |
| Net cash used for financing activities from continuing operations | (7,763) | (26,150) |
| Net cash used for financing activities from discontinued operations | — | (606) |
| Net cash used for financing activities | (7,763) | (26,756) |
| Effect of changes in currency exchange rates | — | (1,025) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | (12,866) | 118,995 |
| Cash, cash equivalents and restricted cash at beginning of period | 383,477 | 410,064 |
| Cash, cash equivalents and restricted cash at end of period | $370,611 | $529,059 |
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