Ingram Micro Holding Corp
For the period ended Dec 28, 2024. Filed Mar 5, 2025.
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FY2024 · Filed Mar 5, 2025
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
Consolidated Statements of Comprehensive (Loss) Income for
CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME
(Amounts in thousands)
| Fiscal Year | Fiscal Year | Fiscal Year | |
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Net income | $264,222 | $352,712 | $2,394,489 |
| Other comprehensive (loss) income, net of tax | |||
| Foreign currency translation adjustment | (277,541) | 103,596 | (270,685) |
| Other | (686) | 2,375 | (5,468) |
| Other comprehensive (loss) income, net of tax | (278,227) | 105,971 | (276,153) |
| Comprehensive (loss) income | $(14,005) | $458,683 | $2,118,336 |
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(Amounts in thousands, except share data)
| Class ACommon Stock · Class BCommon Stock · Common Stock · AdditionalPaid-inCapital · RetainedEarnings · AccumulatedOtherComprehensiveLoss · Total | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount · Shares · Amount | ||||||||||||||||||
| Balance at January 1, 2022 | 220,726,568 | $2,207 | 1,657,146 | $17 | — | $2,655,776 | $96,734 | $(61,305) | $2,693,429 | |||||||||
| Dividends declared | — | — | — | — | — | — | — | (1,753,697) | — | (1,753,697) | ||||||||
| Net income | — | — | — | — | — | — | — | 2,394,489 | — | 2,394,489 | ||||||||
| Foreign currency translation adjustment | — | — | — | — | — | — | — | — | (270,685) | (270,685) | ||||||||
| Issuance of Class A Shares | 16,286 | — | — | — | — | — | — | — | — | — | ||||||||
| Other | — | — | — | — | — | — | — | — | (5,468) | (5,468) | ||||||||
| Balance at December 31, 2022 | 220,742,854 | 2,207 | 1,657,146 | 17 | — | — | 2,655,776 | 737,526 | (337,458) | 3,058,068 | ||||||||
| Dividends declared | — | — | — | — | — | — | — | (10,462) | — | (10,462) | ||||||||
| Net income | — | — | — | — | — | — | — | 352,712 | — | 352,712 | ||||||||
| Foreign currency translation adjustment | — | — | — | — | — | — | — | — | 103,596 | 103,596 | ||||||||
| Other | — | — | — | — | — | — | 2,375 | 2,375 | ||||||||||
| Balance at December 30, 2023 | 220,742,854 | 2,207 | 1,657,146 | 17 | — | — | 2,655,776 | 1,079,776 | (231,487) | 3,506,289 | ||||||||
| Dividends declared | — | — | — | — | — | — | — | (6,599) | — | (6,599) | ||||||||
| Net income | — | — | — | — | — | — | — | 264,222 | — | 264,222 | ||||||||
| Conversion of Class A and Class B Common Stock to Common Stock | (220,742,854) | (2,207) | (1,657,146) | (17) | 222,400,000 | 2,224 | — | — | — | — | ||||||||
| Issuance of Common Stock in initial public offering | — | — | — | — | 11,600,000 | 116 | 241,048 | — | — | 241,164 | ||||||||
| Stock-based compensation expense | — | — | — | — | — | — | 34,067 | — | — | 34,067 | ||||||||
| Issuance of Common Stock on vesting of restricted stock units, net of shares withheld for employee taxes | — | — | — | — | 825,581 | 8 | (14,305) | — | — | (14,297) | ||||||||
| Foreign currency translation adjustment | — | — | — | — | — | — | — | — | (277,541) | (277,541) | ||||||||
| Other | — | — | — | — | — | — | (12,744) | — | (686) | (13,430) | ||||||||
| Balance at December 28, 2024 | — | $— | — | $— | 234,825,581 | $2,348 | $2,903,842 | $1,337,399 | $(509,714) | $3,733,875 | ||||||||
(Amounts in thousands)
| Fiscal Year | Fiscal Year | Fiscal Year | |
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities: | |||
| Net income | $264,222 | $352,712 | $2,394,489 |
| Adjustments to reconcile net income to cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 189,331 | 184,148 | 197,111 |
| Stock based compensation | 34,067 | — | — |
| (Gain) loss on marketable securities, net | (12,233) | (10,941) | 14,340 |
| Gain on CLS Sale | — | — | (2,283,820) |
| Gain on sale leaseback of German warehouse | — | — | (7,050) |
| Noncash charges for interest and bond discount amortization | 26,374 | 31,424 | 33,419 |
| Loss on repayment of term loans | 1,927 | 4,872 | 10,724 |
| Amortization of operating lease asset | 128,935 | 108,644 | 101,263 |
| Deferred income taxes | (14,984) | (55,164) | 16,573 |
| (Gain) loss on foreign exchange | (130) | 1,989 | (143,335) |
| Other | (1,164) | 4,805 | 6,973 |
| Changes in operating assets and liabilities, net of effects of acquisitions: | |||
| Trade accounts receivable | (1,060,810) | (299,833) | (590,576) |
| Inventory | (225,831) | 772,396 | (210,215) |
| Other assets | (18,917) | (75,597) | (30,322) |
| Accounts payable | 976,171 | (738,389) | 349,744 |
| Change in book overdrafts | 134,652 | (34,367) | 10,411 |
| Operating lease liabilities | (118,975) | (104,897) | (63,799) |
| Accrued expenses and other | 31,204 | (82,978) | (167,039) |
| Cash provided by (used in) operating activities | 333,839 | 58,824 | (361,109) |
| Cash flows from investing activities: | |||
| Capital expenditures | (142,703) | (201,535) | (135,785) |
| Proceeds from deferred purchase price of factored receivables | 252,199 | 162,622 | 145,003 |
| Issuance of notes receivable | (57,117) | — | — |
| Proceeds from note receivables | 38,291 | — | — |
| Proceeds from CLS sale, net of cash sold | — | 23,977 | 2,977,825 |
| Proceeds from sale leaseback of German warehouse | — | — | 43,691 |
| Other | 14,871 | (2,778) | (1,966) |
| Cash provided by (used in) investing activities | 105,541 | (17,714) | 3,028,768 |
| Cash flows from financing activities: | |||
| Payment of contingent consideration related to Imola Mergers | — | — | (250,000) |
| Dividends paid to shareholders | (6,174) | (10,462) | (1,753,697) |
| Fiscal Year | Fiscal Year | Fiscal Year | |
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Change in unremitted cash collections from servicing factored receivables | (11,315) | (18,413) | 17,831 |
| Proceeds from issuance of common stock in initial public offering, net of underwriting discounts | 241,164 | — | — |
| Repayment of term loans | (483,100) | (560,000) | (517,500) |
| Gross proceeds from other debt | 101,779 | 72,351 | 50,116 |
| Gross repayments of other debt | (118,331) | (92,417) | (94,300) |
| Net (repayments of) proceeds from revolving and other credit facilities | (66,998) | 131,467 | 89,285 |
| Repurchase of common stock for tax withholdings on equity awards | (14,164) | — | — |
| Purchase of Colsof shares | (22,621) | — | — |
| Other | (11,539) | (466) | (7,048) |
| Cash used in financing activities | (391,299) | (477,940) | (2,465,313) |
| Effect of exchange rate changes on cash and cash equivalents | (78,170) | 65,183 | (133,817) |
| Cash and cash equivalents classified within held for sale | — | — | 23,729 |
| (Decrease) increase in cash and cash equivalents | (30,089) | (371,647) | 92,258 |
| Cash and cash equivalents, beginning of year | 948,490 | 1,320,137 | 1,227,879 |
| Cash and cash equivalents, end of year | $918,401 | $948,490 | $1,320,137 |
| Supplemental disclosures of cash flow information: | |||
| Cash payments during the year: | |||
| Interest | $336,431 | $378,554 | $320,025 |
| Income taxes | $252,219 | $271,541 | $442,564 |
| Supplemental disclosure of non-cash investing and financing information: | |||
| Proceeds not yet received from CLS sale | $— | $— | $23,997 |
| Amounts obtained as a beneficial interest in exchange for transferring trade receivables in factoring arrangements | $261,667 | $171,114 | $147,882 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.