COHERENT CORP. (COHR) FY2024 Q3 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-01-01 to 2024-03-31

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COHERENT CORP. cash flow reconciliation, Jan 1, 2024 through Mar 31, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Accounts payable → operating reconciliation: $98,368,000.00Amortization → operating reconciliation: $72,252,000.00Depreciation → operating reconciliation: $67,483,000.00Other operating assets and liabilities → operating reconciliation: $39,733,000.00Share-based compensation expense → operating reconciliation: $25,287,000.00Income taxes → operating reconciliation: $10,083,000.00Amortization of discount on convertible debt and debt issuance costs → operating reconciliation: $4,453,000.00Non-cash restructuring charges → operating reconciliation: $2,219,000.00Loss (earnings) from equity investments → operating reconciliation: $222,000.00Loss on disposal of property, plant and equipment → operating reconciliation: $24,000.00operating reconciliation → Net cash from operating activities: $117,433,000.00operating reconciliation → Net loss: $15,730,000.00operating reconciliation → Accounts receivable: $105,816,000.00operating reconciliation → Deferred income taxes: $44,044,000.00operating reconciliation → Inventories: $18,092,000.00operating reconciliation → Accrued compensation and benefits: $9,340,000.00operating reconciliation → Contract liabilities: $7,652,000.00operating reconciliation → Unrealized gains on foreign currency remeasurements and transactions: $2,017,000.00Net cash used in investing activities → investing reconciliation: $93,378,000.00investing reconciliation → Additions to property, plant & equipment: $93,242,000.00investing reconciliation → Other investing activities: $136,000.00Net cash used in financing activities → financing reconciliation: $38,840,000.00Proceeds from exercises of stock options and purchases of stock under employee stock purchase plan → financing reconciliation: $19,954,000.00Proceeds from borrowings of revolving credit facilities → financing reconciliation: $18,966,000.00financing reconciliation → Payments on existing debt: $57,637,000.00financing reconciliation → Payments on borrowings under revolving credit facilities: $18,642,000.00financing reconciliation → Payments in satisfaction of employees' minimum tax obligations: $1,257,000.00financing reconciliation → Other financing activities: $224,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $1,820,690,000.00Net cash from operating activities → Cash sources and uses: $117,433,000.00Cash sources and uses → Exchange-rate effect: $13,446,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $1,792,459,000.00Cash sources and uses → Net cash used in investing activities: $93,378,000.00Cash sources and uses → Net cash used in financing activities: $38,840,000.00Depreciation: $67,483,000.00Depreciation expense+$67.48 MShare-based compensation expense: $25,287,000.00Stock-based compensation+$25.29 MAmortization of discount on convertible debt and debt issuance costs: $4,453,000.00Debt cost amortization+$4.45 MUnrealized gains on foreign currency remeasurements and transactions: -$2,017,000.00Unrealized FX gain & loss−$2.02 MLoss (earnings) from equity investments: $222,000.00Equity-method results+$222.00 KDeferred income taxes: -$44,044,000.00Deferred taxes & credits−$44.04 MAccounts receivable: -$105,816,000.00Accounts receivable−$105.82 MInventories: -$18,092,000.00Inventories−$18.09 MAccounts payable: $98,368,000.00Accounts payable+$98.37 MIncome taxes: $10,083,000.00Income taxes, net+$10.08 MAccrued compensation and benefits: -$9,340,000.00Accrued compensation−$9.34 MOther operating assets and liabilities: $39,733,000.00Other working capital, net+$39.73 MContract liabilities: -$7,652,000.00Deferred revenue−$7.65 MLoss on debt extinguishment: $0.00Net loss: -$15,730,000.00Net loss−$15.73 MLoss on disposal of property, plant and equipment: $24,000.00PP&E disposal gain & loss+$24.00 KAmortization: $72,252,000.00Deferred charges amortization+$72.25 MNon-cash restructuring charges: $2,219,000.00Restructuring charges+$2.22 MNet cash from operating activities: $117,433,000.00Operating cash+$117.43 Moperating reconciliation: $320,124,000.00Proceeds from exercises of stock options and purchases of stock under employee stock purchase plan: $19,954,000.00Employee stock plans & options+$19.95 MSale of shares to noncontrolling interests: $0.00Proceeds from borrowings of revolving credit facilities: $18,966,000.00Long-term credit line borrowings+$18.97 MPayments on existing debt: -$57,637,000.00Senior debt repaid−$57.64 MDebt issuance costs: $0.00Proceeds from issuance of Series B Preferred Shares - Series B Preferred Shares: $0.00Payments in satisfaction of employees' minimum tax obligations: -$1,257,000.00Stock-award tax withholding−$1.26 MProceeds from borrowing of Term Facility - Term A Loan: $0.00Proceeds from borrowing of Term Facility - Term B Loan: $0.00Other financing activities: -$224,000.00Other financing, net−$224.00 KEquity issuance costs: $0.00Payments on convertible notes: $0.00Payments on borrowings under revolving credit facilities: -$18,642,000.00Long-term credit line repayments−$18.64 MCash dividends paid: $0.00Net cash used in financing activities: -$38,840,000.00. Cash required to fund net payments.Financing cash−$38.84 Mfinancing reconciliation: $77,760,000.00Additions to property, plant & equipment: -$93,242,000.00PP&E purchases−$93.24 MOther investing activities: -$136,000.00Other investing, net−$136.00 KPurchases of businesses, net of cash acquired: $0.00Net cash used in investing activities: -$93,378,000.00. Cash required to fund net payments.Investing cash−$93.38 Minvesting reconciliation: $93,378,000.00Cash sources and uses: $1,938,123,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $1,820,690,000.00Beginning cash$1.82 BEnding cash: Cash, cash equivalents, and restricted cash: $1,792,459,000.00Ending cash$1.79 BExchange-rate effect: -$13,446,000.00FX effect−$13.45 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsNet loss −$15.73M + net operating adjustments $133.16M = operating cash +$117.43MFree cash flow$24.19 MOperating cash − cash spent on PP&ECash flow / Net incomeNot meaningfulOperating cash flow ÷ net incomeNet cash change−$28.23 MEnding cash − beginning cash
Chart details

COHERENT CORP. cash flow reconciliation, Jan 1, 2024 through Mar 31, 2024

Cash flows for Jan 1, 2024 through Mar 31, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2023. Ending cash: Mar 31, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2023
1,820,690,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
117,433,000 US dollars. Net cash provided.
Depreciation
67,483,000 US dollars
Share-based compensation expense
25,287,000 US dollars
Amortization of discount on convertible debt and debt issuance costs
4,453,000 US dollars
Unrealized gains on foreign currency remeasurements and transactions
negative 2,017,000 US dollars
Loss (earnings) from equity investments
222,000 US dollars
Deferred income taxes
negative 44,044,000 US dollars
Accounts receivable
negative 105,816,000 US dollars
Inventories
negative 18,092,000 US dollars
Accounts payable
98,368,000 US dollars
Income taxes
10,083,000 US dollars
Accrued compensation and benefits
negative 9,340,000 US dollars
Other operating assets and liabilities
39,733,000 US dollars
Contract liabilities
negative 7,652,000 US dollars
Loss on debt extinguishment
0 US dollars
Net loss
negative 15,730,000 US dollars
Loss on disposal of property, plant and equipment
24,000 US dollars
Amortization
72,252,000 US dollars
Non-cash restructuring charges
2,219,000 US dollars
Investing activities
negative 93,378,000 US dollars. Net cash used.
Additions to property, plant & equipment
negative 93,242,000 US dollars
Other investing activities
negative 136,000 US dollars
Purchases of businesses, net of cash acquired
0 US dollars
Financing activities
negative 38,840,000 US dollars. Net cash used.
Proceeds from exercises of stock options and purchases of stock under employee stock purchase plan
19,954,000 US dollars
Sale of shares to noncontrolling interests
0 US dollars
Proceeds from borrowings of revolving credit facilities
18,966,000 US dollars
Payments on existing debt
negative 57,637,000 US dollars
Debt issuance costs
0 US dollars
Proceeds from issuance of Series B Preferred Shares - Series B Preferred Shares
0 US dollars
Payments in satisfaction of employees' minimum tax obligations
negative 1,257,000 US dollars
Proceeds from borrowing of Term Facility - Term A Loan
0 US dollars
Proceeds from borrowing of Term Facility - Term B Loan
0 US dollars
Other financing activities
negative 224,000 US dollars
Equity issuance costs
0 US dollars
Payments on convertible notes
0 US dollars
Payments on borrowings under revolving credit facilities
negative 18,642,000 US dollars
Cash dividends paid
0 US dollars
Operating adjustment reconciliation
320,124,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
77,760,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
93,378,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 13,446,000 US dollars
Ending cash on Mar 31, 2024
1,792,459,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
1,938,123,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 28,231,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
Not meaningful. Operating cash flow divided by reconciliation net income for the same period. The ratio is not meaningful when net income is zero or negative.
Operating cash flow
117,433,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
93,242,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
24,191,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net loss −$15.73M + net operating adjustments $133.16M = operating cash +$117.43M. The loss reduces the earnings basis of the reconciliation; it is not a cash payment. The signed loss remains a deduction at the operating reconciliation junction.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 117,433,000 US dollars minus 93,242,000 US dollars equals 24,191,000 US dollars.
COHERENT CORP. (COHR) FY2024 Q3 Statement of Cash Flows Sankey chart
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