Ultra Clean Holdings Inc
For the period ended Dec 27, 2024. Filed Feb 25, 2025.
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FY2024 · Filed Feb 25, 2025
UCTT$46.71+1.8%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 for the years ended
| Year Ended | |||
|---|---|---|---|
| December 27,2024 | December 29,2023 | December 30,2022 | |
| (In millions) | |||
| Cash flows from operating activities: | |||
| Net income (loss) | $34.5 | $(22.2) | $50.4 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities (excluding assets acquired, liabilities assumed and noncontrolling interests at acquisition): | |||
| Depreciation and amortization | 45.7 | 37.6 | 38.4 |
| Amortization of intangible assets | 30.4 | 24.1 | 30.0 |
| Stock-based compensation | 17.4 | 12.1 | 19.1 |
| Amortization of debt issuance costs | 3.0 | 3.9 | 3.9 |
| Loss (gain) on sale of property, plant and equipment | 1.2 | (0.9) | (0.2) |
| Change in the fair value of financial instruments | (29.2) | 1.7 | 1.0 |
| Deferred income taxes | (3.0) | (12.4) | (0.2) |
| Net loss on divestiture | — | — | 77.4 |
| Changes in assets and liabilities, net of effects of acquisitions: | |||
| Accounts receivable | (60.3) | 78.5 | (15.7) |
| Inventories | (6.5) | 80.8 | (84.4) |
| Prepaid expenses and other current assets | (3.2) | 12.5 | (4.5) |
| Other non-current assets | 1.3 | — | (3.4) |
| Accounts payable | 26.4 | (61.5) | (68.4) |
| Accrued compensation and related benefits | 2.4 | (5.6) | 7.1 |
| Income taxes payable | 1.0 | (5.2) | (0.1) |
| Operating lease assets and liabilities | 2.6 | 0.4 | (2.2) |
| Other liabilities | 1.3 | (7.9) | (1.0) |
| Net cash provided by operating activities | 65.0 | 135.9 | 47.2 |
| Cash flows from investing activities: | |||
| Purchases of property, plant and equipment | (63.5) | (75.8) | (100.1) |
| Acquisition of businesses, net of cash acquired | — | (46.1) | — |
| Proceeds from sale of equipment | — | 2.2 | 0.5 |
| Divestiture of subsidiaries | — | — | 3.4 |
| Net cash used in investing activities | (63.5) | (119.7) | (96.2) |
| Cash flows from financing activities: | |||
| Proceeds from bank borrowings | 67.7 | — | — |
| Proceeds from issuance of common stock | 2.0 | 0.8 | 0.7 |
| Extinguishment of bank borrowings | (44.2) | — | — |
| Principal payments on bank borrowings | (10.2) | (38.6) | (39.7) |
| Payment of debt issuance costs | (2.5) | (0.3) | (0.7) |
| Employees’ taxes paid upon vesting of restricted stock units | (2.5) | (2.2) | (3.9) |
| Payments of dividends to a joint venture shareholder | (0.5) | (0.2) | (0.3) |
| Repurchase of shares | — | (29.4) | (12.1) |
| Net cash provided by (used in) financing activities | 9.8 | (69.9) | (56.0) |
| Effect of exchange rate changes on cash and cash equivalents | (4.4) | 1.9 | (2.7) |
| Net increase (decrease) in cash and cash equivalents | 6.9 | (51.8) | (107.7) |
|---|---|---|---|
| Cash and cash equivalents at beginning of period | 307.0 | 358.8 | 466.5 |
| Cash and cash equivalents at end of period | $313.9 | $307.0 | $358.8 |
| Supplemental cash flow information: | |||
| Income taxes paid, net of income tax refunds | $34.3 | $31.2 | $36.8 |
| Interest paid | $40.4 | $44.8 | $31.9 |
| Non-cash investing and financing activities: | |||
| Property, plant and equipment purchased included in accounts payable and other liabilities | $2.9 | $9.7 | $16.8 |
| Fair value of HIS earn-out at acquisition date | $— | $27.1 | $— |
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