AVIAT NETWORKS, INC.
For the period ended Jul 3, 2026. Filed Aug 27, 2026.
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FY2026 · Filed Aug 27, 2026
AVNW$17.66+4.1%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Fiscal Year Ended | |||
|---|---|---|---|
| (In thousands) | July 3, 2026 | June 27, 2025 | June 28, 2024 |
| Operating Activities | |||
| Net income | $2,539 | $1,341 | $10,760 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation of property, plant and equipment | 3,256 | 5,338 | 3,991 |
| Amortization of intangible assets | 2,862 | 2,707 | 1,002 |
| Provision for uncollectible receivables | 2,357 | 1,729 | 1,300 |
| Share-based compensation | 6,202 | 7,067 | 7,341 |
| Deferred taxes | 4,153 | 182 | 3,625 |
| Inventory write-downs | 2,732 | 2,430 | 3,952 |
| Non-cash lease expense | 1,197 | 1,518 | 948 |
| Other non-cash operating activities, net | 199 | 252 | 169 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (14,219) | (28,968) | (9,266) |
| Unbilled receivables | 26,817 | (15,277) | (34,856) |
| Inventories | 11,941 | (24,363) | 1,589 |
| Accounts payable | (26,380) | 49,931 | 16,551 |
| Accrued expenses | (7,672) | (7,328) | 15,094 |
| Advance payments and unearned revenue | (14,162) | 15,646 | 11,814 |
| Income taxes payable | 5,145 | 2,164 | 1,445 |
| Other assets and liabilities | 6,591 | (8,648) | (4,919) |
| Net cash provided by operating activities | 13,558 | 5,721 | 30,540 |
| Investing Activities | |||
| Purchases of property, plant and equipment | (7,468) | (12,970) | (2,675) |
| Purchases of marketable securities | (1,663) | — | (925) |
| Proceeds from sale of marketable securities | 1,801 | — | 538 |
| Proceeds from sale of assets held for sale | — | 2,589 | — |
| Acquisitions, net of cash acquired | — | (18,150) | (32,161) |
| Net cash used in investing activities | (7,330) | (28,531) | (35,223) |
| Financing Activities | |||
| Proceeds from revolver | 100,000 | 95,000 | 33,200 |
| Repayments of revolver | (105,000) | (80,000) | (33,200) |
| Proceeds from term loan | 20,000 | 75,000 | 50,000 |
| Repayments of term loan | (5,547) | (50,625) | (1,250) |
| Payments of deferred financing costs | (204) | (529) | (79) |
| Payments of deferred consideration for acquisitions | — | (18,552) | — |
| Payments for repurchase of common stock — treasury shares | (2,668) | (597) | (332) |
| Payments for taxes related to net settlement of equity awards | (822) | (1,245) | (696) |
| Proceeds from issuance of common stock under employee stock plans | 584 | 228 | 1,058 |
| Net cash provided by financing activities | 6,343 | 18,680 | 48,701 | ||
|---|---|---|---|---|---|
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | 125 | 1,209 | (1,605) | ||
| Net increase (decrease) in cash, cash equivalents and restricted cash | 12,696 | (2,921) | 42,413 | ||
| Cash, cash equivalents, and restricted cash, beginning of year | 62,013 | 64,934 | 22,521 | ||
| Cash, cash equivalents, and restricted cash, end of year | $74,709 | $62,013 | $64,934 | ||
| Fiscal Year Ended | |||||
| (In thousands) | July 3,2026 | June 27,2025 | June 28,2024 | ||
| Non-cash investing and financing activities: | |||||
| Unpaid property, plant and equipment | $798 | $3,686 | $3,574 | ||
| Common stock issued in connection with acquisition | — | — | 22,331 | ||
| Supplemental disclosures of cash flow information: | |||||
| Cash paid for interest | $8,443 | $6,681 | $2,517 | ||
| Cash paid for income taxes, net | 4,340 | 1,722 | 808 | ||
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