Symbotic Inc
For the period ended Sep 28, 2024. Filed Dec 4, 2024.
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FY2024 · Filed Dec 4, 2024
SYM$37.62-0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
(in thousands)
| Year Ended | |||
|---|---|---|---|
| September 28, 2024 | September 30, 2023 | September 24, 2022 | |
| Cash flows from operating activities: | |||
| Net loss | $(84,672) | $(207,894) | $(139,089) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 23,480 | 11,311 | 5,989 |
| Foreign currency losses (gains) | (8) | (3) | 25 |
| (Gain) on investments | (10,084) | — | — |
| Loss on disposal of assets | 337 | 2,914 | 4,098 |
| Provision for excess and obsolete inventory | 33,330 | 22,276 | 987 |
| Deferred taxes, net | 3,917 | (4,620) | — |
| Stock-based compensation | 112,208 | 154,227 | 26,858 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (132,305) | (65,817) | (508) |
| Inventories | 103 | (66,380) | (60,559) |
| Prepaid expenses and other current assets | (112,050) | (78,906) | (121,143) |
| Deferred expenses | (4,936) | (5,428) | (28,665) |
| Other assets | (8,263) | (18,635) | 49 |
| Accounts payable | 65,270 | 41,415 | 41,528 |
| Accrued expenses and other current liabilities | 38,467 | 64,743 | 37,898 |
| Deferred revenue | 18,318 | 361,518 | 80,377 |
| Other liabilities | (1,189) | 20,073 | 3,908 |
| Net cash provided by (used in) operating activities | (58,077) | 230,794 | (148,247) |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (42,237) | (15,688) | (17,950) |
| Capitalization of internal use software development costs | (2,137) | (5,638) | — |
| Proceeds from sale of assets | — | 71 | — |
| Proceeds from maturities of marketable securities | 340,000 | 130,000 | — |
| Purchases of marketable securities | (48,660) | (408,209) | — |
| Acquisitions of strategic investments | (90,485) | — | — |
| Net cash provided by (used in) investing activities | 156,481 | (299,464) | (17,950) |
| Cash flows from financing activities: | |||
| Payment for taxes related to net share settlement of stock-based compensation awards | (3,181) | (26,674) | — |
| Net proceeds from issuance of common stock under employee stock purchase plan | 5,743 | 2,573 | — |
| Proceeds from issuance of Class A Common Stock | 257,985 | — | — |
| Proceeds from exercise of warrants | 158,704 | — | 277,776 |
| Distributions to Symbotic Holdings LLC partners | (48,215) | — | — |
| Net proceeds from equity infusion from the Business Combination | — | — | 384,672 |
| Purchase of interest from non-controlling interest | — | — | (300,000) |
| Net cash provided by (used in) financing activities | 371,036 | (24,101) | 362,448 |
|---|---|---|---|
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | (4) | 232 | 572 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 469,436 | (92,539) | 196,823 |
| Cash, cash equivalents, and restricted cash —beginning of period | 260,918 | 353,457 | 156,634 |
| Cash, cash equivalents, and restricted cash —end of period | $730,354 | $260,918 | $353,457 |
| Non-cash activities: | |||
| Operating lease right-of-use assets obtained in exchange for operating lease liabilities | $5,818 | $8,734 | $— |
| Transfer of equipment from deferred cost to property and equipment | $38,454 | $— | $— |
| Warrant associated with supplier agreement | $12,308 | $— | $— |
| Preferred Return, Class B-1 | $— | $— | $8,130 |
| Preferred Return, Class B | $— | $— | $16,065 |
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