IDT CORP
For the period ended Apr 30, 2025. Filed Jun 9, 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.
Apr 30, 2025 · Filed Jun 9, 2025
IDT$83.22+0.7%Stored close · as of Nov 10, 2026
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Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
| Nine Months Ended April 30, | ||
|---|---|---|
| 2025 | 2024 | |
| (in thousands) | ||
| Operating activities | ||
| Net income | $63,657 | $30,572 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 15,702 | 15,256 |
| Deferred income taxes | 18,902 | 8,830 |
| Provision for credit losses, doubtful accounts receivable, and reserve for settlement assets | 4,465 | 3,010 |
| Stock-based compensation | 2,720 | 5,375 |
| Other | 1,735 | 4,065 |
| Change in assets and liabilities: | ||
| Trade accounts receivable | (4,649) | (9,000) |
| Settlement assets, disbursement prefunding, prepaid expenses, other current assets, and other assets | (8,932) | 6,797 |
| Trade accounts payable, accrued expenses, settlement liabilities, other current liabilities, and other liabilities | (19,486) | (10,467) |
| Customer funds deposits | 25,327 | 1,243 |
| Deferred revenue | (3,382) | (2,903) |
| Net cash provided by operating activities | 96,059 | 52,778 |
| Investing activities | ||
| Capital expenditures | (15,507) | (13,621) |
| Purchase of convertible preferred stock in equity method investment | (926) | (1,513) |
| Purchases of debt securities and equity investments | (29,083) | (27,593) |
| Proceeds from maturities and sales of debt securities and redemptions of equity investments | 35,005 | 41,527 |
| Net cash used in investing activities | (10,511) | (1,200) |
| Financing activities | ||
| Dividends paid | (4,036) | (1,269) |
| Distributions to noncontrolling interests | (100) | (62) |
| Proceeds from borrowings under revolving credit facility | 24,551 | 32,864 |
| Repayment of borrowings under revolving credit facility. | (24,551) | (32,864) |
| Purchase of restricted shares of net2phone common stock | — | (3,558) |
| Proceeds from exercise of stock options | — | 172 |
| Repurchases of Class B common stock | (17,773) | (7,207) |
| Net cash used in financing activities | (21,909) | (11,924) |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash and cash equivalents | 3,982 | (5,632) |
| Net increase in cash, cash equivalents, and restricted cash and cash equivalents | 67,621 | 34,022 |
| Cash, cash equivalents, and restricted cash and cash equivalents at beginning of period | 255,456 | 198,823 |
| Cash, cash equivalents, and restricted cash and cash equivalents at end of period | $323,077 | $232,845 |
| Supplemental schedule of non-cash financing activities | ||
| Shares of the Company’s Class B common stock issued to executive officers for bonus payments | $1,824 | $1,495 |
| Value of the Company’s Class B common stock exchanged for National Retail Solutions shares | $442 | $6,254 |
| Shares of the Company’s Class B common stock issued for business acquisition | $— | $100 |
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