IBEX Ltd
For the period ended Mar 31, 2024. Filed May 9, 2024.
View on SEC.govAbout this filing
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.
Mar 31, 2024 · Filed May 9, 2024
IBEX$52.23+3.9%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 Cash Flows (unaudited)
Consolidated Statements of Cash Flows
(in thousands)
| Nine Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net income | $23,810 | $27,072 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 14,853 | 13,933 |
| Noncash lease expense | 9,908 | 10,946 |
| Warrant contra revenue | 893 | 856 |
| Deferred income tax | 586 | 3,018 |
| Share-based compensation expense | 2,741 | 3,973 |
| Allowance of expected credit losses | 62 | 105 |
| Impairment losses | 1,257 | — |
| Gain on sale of subsidiaries | — | (246) |
| Change in assets and liabilities: | ||
| Increase in accounts receivable | (16,941) | (17,846) |
| (Increase) / decrease in prepaid expenses and other current assets | (5,350) | 2,242 |
| Decrease in accounts payable and accrued liabilities | (2,336) | (6,077) |
| Decrease in deferred revenue | (1,098) | (2,721) |
| Decrease in operating lease liabilities | (9,907) | (10,831) |
| Net cash inflow from operating activities | 18,478 | 24,424 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Purchase of property and equipment | (6,635) | (15,231) |
| Cash outflow from sale of subsidiaries, net of cash received | — | (85) |
| Net cash outflow from investing activities | (6,635) | (15,316) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Proceeds from line of credit | 153 | 43,390 |
| Repayments of line of credit | (205) | (54,541) |
| Repayment of debt | — | (3,795) |
| Proceeds from the exercise of options | 362 | 1,827 |
| Principal payments on finance leases | (342) | (353) |
| Purchase of treasury shares | (18,551) | (276) |
| Net cash outflow from financing activities | (18,583) | (13,748) |
| Effects of exchange rate difference on cash and cash equivalents | (24) | (515) |
| Net decrease in cash and cash equivalents | (6,764) | (5,155) |
| Cash and cash equivalents, beginning | 57,429 | 48,831 |
| Cash and cash equivalents, ending | $50,665 | $43,676 |
| Supplemental cash flow disclosures | ||
| Cash paid for interest | $339 | $553 |
| Cash paid for income taxes | $5,428 | $2,927 |
| Supplemental non-cash disclosures | ||
| Change in accounts payable related to fixed assets | $(786) | $(21) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.