Ultra Clean Holdings, Inc.
For the period ended Dec 26, 2025. Filed Feb 23, 2026.
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FY2025 · Filed Feb 23, 2026
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 26,2025 | December 27,2024 | December 29,2023 | |
| (In millions) | |||
| Cash flows from operating activities: | |||
| Net income (loss) | $(171.6) | $34.5 | $(22.2) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation and amortization | 47.9 | 45.7 | 37.6 |
| Amortization of intangible assets | 28.1 | 30.4 | 24.1 |
| Stock-based compensation | 19.2 | 17.4 | 12.1 |
| Amortization of debt issuance costs | 2.7 | 3.0 | 3.9 |
| Impairment of goodwill | 151.1 | — | — |
| Loss (gain) on sale of property, plant and equipment | 0.7 | 1.2 | (0.9) |
| Change in the fair value of financial instruments | (0.1) | (29.2) | 1.7 |
| Deferred income taxes | (2.7) | (3.0) | (12.4) |
| Changes in assets and liabilities, net of effects of acquisitions: | |||
| Accounts receivable | 32.3 | (60.3) | 78.5 |
| Inventories | (9.9) | (6.5) | 80.8 |
| Prepaid expenses and other current assets | (8.3) | (3.2) | 12.5 |
| Other non-current assets | (1.9) | 1.3 | — |
| Accounts payable | (17.6) | 26.4 | (61.5) |
| Accrued compensation and related benefits | 1.0 | 2.4 | (5.6) |
| Income taxes payable | (13.5) | 1.0 | (5.2) |
| Operating lease assets and liabilities | 12.9 | 2.6 | 0.4 |
| Other liabilities | (4.7) | 1.3 | (7.9) |
| Net cash provided by operating activities | 65.6 | 65.0 | 135.9 |
| Cash flows from investing activities: | |||
| Purchases of property, plant and equipment | (50.3) | (63.5) | (75.8) |
| Acquisition of businesses, net of cash acquired | — | — | (46.1) |
| Other investing activities | 3.3 | — | 2.2 |
| Net cash used in investing activities | (47.0) | (63.5) | (119.7) |
| Cash flows from financing activities: | |||
| Proceeds from bank borrowings | 59.3 | 67.7 | — |
| Extinguishment of bank borrowings | (59.3) | (44.2) | — |
| Proceeds from issuance of common stock | 2.2 | 2.0 | 0.8 |
| Principal payments on bank borrowings | (18.2) | (10.2) | (38.6) |
| Payment of debt issuance costs | (0.6) | (2.5) | (0.3) |
| Employees’ taxes paid upon vesting of restricted stock units | (1.1) | (2.5) | (2.2) |
| Payments of dividends to a joint venture shareholder | (0.1) | (0.5) | (0.2) |
| Repurchase of shares | (3.4) | — | (29.4) |
| Net cash provided by (used in) financing activities | (21.2) | 9.8 | (69.9) |
| Effect of exchange rate changes on cash and cash equivalents | 0.5 | (4.4) | 1.9 |
| Net increase (decrease) in cash and cash equivalents | (2.1) | 6.9 | (51.8) |
| Cash and cash equivalents at beginning of period | 313.9 | 307.0 | 358.8 |
| Cash and cash equivalents at end of period | $311.8 | $313.9 | $307.0 |
|---|---|---|---|
| Supplemental cash flow information: | |||
| Income taxes paid, net of income tax refunds | $42.0 | $34.3 | $31.2 |
| Interest paid | $39.7 | $40.4 | $44.8 |
| Non-cash investing and financing activities: | |||
| Property, plant and equipment purchased included in accounts payable and other liabilities | $3.0 | $2.9 | $9.7 |
| Fair value of HIS earn-out at acquisition date | $— | $— | $27.1 |
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