COHU, INC. (COHU) FY2024 Annual Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2023-12-31 to 2024-12-28

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COHU, INC. cash flow reconciliation, Dec 31, 2023 through Dec 28, 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.Depreciation and amortization → operating reconciliation: $52,487,000.00Accounts receivable → operating reconciliation: $34,850,000.00Share-based compensation expense → operating reconciliation: $20,740,000.00Inventories → operating reconciliation: $6,374,000.00Operating lease right-of-use assets → operating reconciliation: $5,812,000.00Inventory related charges → operating reconciliation: $4,977,000.00Amortization of cloud-based software implementation costs → operating reconciliation: $2,836,000.00Impairment charge related to equity investment → operating reconciliation: $903,000.00Loss on extinguishment of debt → operating reconciliation: $241,000.00(Gain) loss from sale of property, plant and equipment → operating reconciliation: $176,000.00Deferred profit → operating reconciliation: $26,000.00Amortization of debt discounts and issuance costs → operating reconciliation: $8,000.00operating reconciliation → Net cash from operating activities: $2,778,000.00operating reconciliation → Net income (loss): $69,818,000.00operating reconciliation → Other current assets: $16,148,000.00operating reconciliation → Accrued compensation, warranty and other liabilities: $15,449,000.00operating reconciliation → Current and long-term operating lease liabilities: $5,903,000.00operating reconciliation → Changes in other assets: $3,831,000.00operating reconciliation → Deferred income taxes: $3,722,000.00operating reconciliation → Accounts payable: $3,560,000.00operating reconciliation → Income taxes payable: $2,234,000.00operating reconciliation → Customer advances: $1,835,000.00operating reconciliation → Accrued retiree benefits: $1,589,000.00operating reconciliation → Changes in other accrued liabilities: $1,309,000.00operating reconciliation → Net accretion on investments: $1,254,000.00Sales and maturities of short-term investments → investing reconciliation: $114,228,000.00Net cash received from sale of land, facility and assets → investing reconciliation: $107,000.00investing reconciliation → Net cash from investing activities: $21,916,000.00investing reconciliation → Purchases of short-term investments: $78,573,000.00investing reconciliation → Purchases of property, plant and equipment: $10,634,000.00investing reconciliation → Settlement of net investment hedge: $3,212,000.00Net cash used in financing activities → financing reconciliation: $59,035,000.00financing reconciliation → Repayments of long-term debt: $31,324,000.00financing reconciliation → Acquisition of treasury stock: $26,986,000.00financing reconciliation → Net issuance (repurchases) of stock, including awards settled in cash: $701,000.00financing reconciliation → Payments on current and long-term finance lease liabilities: $24,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $245,524,000.00Net cash from operating activities → Cash sources and uses: $2,778,000.00Net cash from investing activities → Cash sources and uses: $21,916,000.00Cash sources and uses → Exchange-rate effect: $4,776,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $206,407,000.00Cash sources and uses → Net cash used in financing activities: $59,035,000.00Impairment charge related to equity investment: $903,000.00Equity-method impairment+$903.00 KChanges in other assets: -$3,831,000.00Other noncurrent assets−$3.83 MAmortization of cloud-based software implementation costs: $2,836,000.00Cloud-computing amortization+$2.84 M(Gain) loss from sale of property, plant and equipment: $176,000.00PP&E disposal gain & loss+$176.00 KChanges in other accrued liabilities: -$1,309,000.00Other accrued liabilities−$1.31 MOperating lease right-of-use assets: $5,812,000.00Operating lease right-of-use+$5.81 MCustomer advances: -$1,835,000.00Deferred revenue−$1.84 MAccounts receivable: $34,850,000.00Accounts receivable+$34.85 MInventories: $6,374,000.00Inventories+$6.37 MAccrued compensation, warranty and other liabilities: -$15,449,000.00Accrued comp, warranty & other−$15.45 MAccounts payable: -$3,560,000.00Accounts payable−$3.56 MNet income (loss): -$69,818,000.00Net income (loss)−$69.82 MDeferred profit: $26,000.00Deferred profit+$26.00 KInterest capitalized associated with cloud computing implementation: $0.00Other current assets: -$16,148,000.00Other current assets−$16.15 MNet accretion on investments: -$1,254,000.00Investment discount & premium−$1.25 MIncome taxes payable: -$2,234,000.00Income taxes payable−$2.23 MLoss on extinguishment of debt: $241,000.00Debt extinguishment gain & loss+$241.00 KCurrent and long-term operating lease liabilities: -$5,903,000.00Operating lease liabilities−$5.90 MDepreciation and amortization: $52,487,000.00Depreciation & amortization+$52.49 MShare-based compensation expense: $20,740,000.00Stock-based compensation+$20.74 MInventory related charges: $4,977,000.00Inventory related charges+$4.98 MAmortization of debt discounts and issuance costs: $8,000.00Debt cost amortization+$8.00 KAccrued retiree benefits: -$1,589,000.00Pension & postretirement expense−$1.59 MDeferred income taxes: -$3,722,000.00Deferred income taxes−$3.72 MNet cash from operating activities: $2,778,000.00Operating cash+$2.78 Moperating reconciliation: $129,430,000.00Net issuance (repurchases) of stock, including awards settled in cash: -$701,000.00Net issuance (repurchases) of stock, includingawards settled in cash−$701.00 KPayments on current and long-term finance lease liabilities: -$24,000.00Finance lease payments−$24.00 KAcquisition of treasury stock: -$26,986,000.00Common stock repurchases−$26.99 MRepayments of long-term debt: -$31,324,000.00Long-term debt repaid−$31.32 MNet cash used in financing activities: -$59,035,000.00. Cash required to fund net payments.Financing cash−$59.04 Mfinancing reconciliation: $59,035,000.00Settlement of net investment hedge: -$3,212,000.00Investing hedge payments−$3.21 MPayment for purchase of MCT, net of cash received - Equiptest Engineering Pte Ltd.: $0.00Payment for purchase of MCT, net of cash received - MCT Worldwide, LLC: $0.00Purchases of property, plant and equipment: -$10,634,000.00PP&E purchases−$10.63 MNet cash received from sale of land, facility and assets: $107,000.00Asset sales+$107.00 KPurchases of short-term investments: -$78,573,000.00Short-term investment purchases−$78.57 MSales and maturities of short-term investments: $114,228,000.00AFS securities proceeds+$114.23 MNet cash from investing activities: $21,916,000.00Investing cash+$21.92 Minvesting reconciliation: $114,335,000.00Cash sources and uses: $270,218,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $245,524,000.00Beginning cash$245.52 MEnding cash: Cash, cash equivalents, and restricted cash: $206,407,000.00Ending cash$206.41 MExchange-rate effect: -$4,776,000.00FX effect−$4.78 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsNet loss −$69.82M + net operating adjustments $72.60M = operating cash +$2.78MFree cash flow−$7.86 MOperating cash − cash spent on PP&ECash flow / Net incomeNot meaningfulOperating cash flow ÷ net incomeNet cash change−$39.12 MEnding cash − beginning cash
Chart details

COHU, INC. cash flow reconciliation, Dec 31, 2023 through Dec 28, 2024

Cash flows for Dec 31, 2023 through Dec 28, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 30, 2023. Ending cash: Dec 28, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 30, 2023
245,524,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
2,778,000 US dollars. Net cash provided.
Net income (loss)
negative 69,818,000 US dollars
Impairment charge related to equity investment
903,000 US dollars
Changes in other assets
negative 3,831,000 US dollars
Amortization of cloud-based software implementation costs
2,836,000 US dollars
(Gain) loss from sale of property, plant and equipment
176,000 US dollars
Changes in other accrued liabilities
negative 1,309,000 US dollars
Operating lease right-of-use assets
5,812,000 US dollars
Customer advances
negative 1,835,000 US dollars
Accounts receivable
34,850,000 US dollars
Inventories
6,374,000 US dollars
Accrued compensation, warranty and other liabilities
negative 15,449,000 US dollars
Accounts payable
negative 3,560,000 US dollars
Deferred profit
26,000 US dollars
Interest capitalized associated with cloud computing implementation
0 US dollars
Other current assets
negative 16,148,000 US dollars
Net accretion on investments
negative 1,254,000 US dollars
Income taxes payable
negative 2,234,000 US dollars
Loss on extinguishment of debt
241,000 US dollars
Current and long-term operating lease liabilities
negative 5,903,000 US dollars
Depreciation and amortization
52,487,000 US dollars
Share-based compensation expense
20,740,000 US dollars
Inventory related charges
4,977,000 US dollars
Amortization of debt discounts and issuance costs
8,000 US dollars
Accrued retiree benefits
negative 1,589,000 US dollars
Deferred income taxes
negative 3,722,000 US dollars
Investing activities
21,916,000 US dollars. Net cash provided.
Settlement of net investment hedge
negative 3,212,000 US dollars
Payment for purchase of MCT, net of cash received - Equiptest Engineering Pte Ltd.
0 US dollars
Payment for purchase of MCT, net of cash received - MCT Worldwide, LLC
0 US dollars
Purchases of property, plant and equipment
negative 10,634,000 US dollars
Net cash received from sale of land, facility and assets
107,000 US dollars
Purchases of short-term investments
negative 78,573,000 US dollars
Sales and maturities of short-term investments
114,228,000 US dollars
Financing activities
negative 59,035,000 US dollars. Net cash used.
Net issuance (repurchases) of stock, including awards settled in cash
negative 701,000 US dollars
Payments on current and long-term finance lease liabilities
negative 24,000 US dollars
Acquisition of treasury stock
negative 26,986,000 US dollars
Repayments of long-term debt
negative 31,324,000 US dollars
Operating adjustment reconciliation
129,430,000 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
59,035,000 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
114,335,000 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 4,776,000 US dollars
Ending cash on Dec 28, 2024
206,407,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
270,218,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 39,117,000 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
2,778,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
10,634,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
negative 7,856,000 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 −$69.82M + net operating adjustments $72.60M = operating cash +$2.78M. 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: 2,778,000 US dollars minus 10,634,000 US dollars equals negative 7,856,000 US dollars.
COHU, INC. (COHU) FY2024 Annual Statement of Cash Flows Sankey chart
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