COHU, INC (COHU) FY2025 Annual Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-12-29 to 2025-12-27

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COHU, INC cash flow reconciliation, Dec 29, 2024 through Dec 27, 2025One 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: $50,685,000.00Share-based compensation expense → operating reconciliation: $23,042,000.00Other current assets → operating reconciliation: $15,353,000.00Accounts payable → operating reconciliation: $10,296,000.00Accrued compensation, warranty and other liabilities → operating reconciliation: $8,614,000.00Inventory related charges → operating reconciliation: $8,211,000.00Operating lease right-of-use assets → operating reconciliation: $7,148,000.00Inventories → operating reconciliation: $4,280,000.00Deferred profit → operating reconciliation: $3,707,000.00Amortization of cloud-based software implementation costs → operating reconciliation: $2,836,000.00Income taxes payable → operating reconciliation: $1,450,000.00Changes in other assets → operating reconciliation: $426,000.00Amortization of debt discounts and issuance costs → operating reconciliation: $422,000.00(Gain) loss from sale of property, plant and equipment → operating reconciliation: $141,000.00operating reconciliation → Net cash from operating activities: $31,692,000.00operating reconciliation → Net income (loss): $74,273,000.00operating reconciliation → Accounts receivable, net: $14,466,000.00operating reconciliation → Current and long-term operating lease liabilities: $6,862,000.00operating reconciliation → Pension curtailment gain: $2,159,000.00operating reconciliation → Changes in accrued retiree medical benefits: $1,817,000.00operating reconciliation → Deferred income taxes: $1,802,000.00operating reconciliation → Change in fair value of contingent consideration liability: $1,700,000.00operating reconciliation → Net accretion on investments: $1,457,000.00operating reconciliation → Customer advances: $208,000.00operating reconciliation → Changes in other accrued liabilities: $175,000.00Proceeds from revolving line of credit, revolving credit facility and convertible notes → financing reconciliation: $296,295,000.00Net issuance (repurchases) of stock, including awards settled in cash → financing reconciliation: $1,187,000.00financing reconciliation → Net cash from financing activities: $246,326,000.00financing reconciliation → Purchase of capped calls related to convertible notes: $31,395,000.00financing reconciliation → Payment of debt issuance costs: $9,435,000.00financing reconciliation → Acquisition of treasury stock: $8,586,000.00financing reconciliation → Repayments of long-term debt: $1,733,000.00financing reconciliation → Payments on finance lease liabilities: $7,000.00Net cash used in investing activities → investing reconciliation: $257,017,000.00Sales and maturities of short-term investments → investing reconciliation: $63,762,000.00Net cash received from sale of assets → investing reconciliation: $504,000.00investing reconciliation → Purchases of short-term investments: $263,417,000.00investing reconciliation → Payment for purchase of business, net of cash received - Tignis, Inc: $34,763,000.00investing reconciliation → Purchases of property, plant and equipment: $20,958,000.00investing reconciliation → Settlement of net investment hedge: $2,145,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $206,407,000.00Net cash from operating activities → Cash sources and uses: $31,692,000.00Net cash from financing activities → Cash sources and uses: $246,326,000.00Cash sources and uses → Exchange-rate effect: $355,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $227,053,000.00Cash sources and uses → Net cash used in investing activities: $257,017,000.00Changes in other accrued liabilities: -$175,000.00Other accrued liabilities−$175.00 KOperating lease right-of-use assets: $7,148,000.00Operating lease right-of-use+$7.15 MCustomer advances: -$208,000.00Deferred revenue−$208.00 KAccounts receivable, net: -$14,466,000.00Accounts receivable−$14.47 MInventories: $4,280,000.00Inventories+$4.28 MAccrued compensation, warranty and other liabilities: $8,614,000.00Accrued comp, warranty & other+$8.61 MNet income (loss): -$74,273,000.00Net income (loss)−$74.27 MAccounts payable: $10,296,000.00Accounts payable+$10.30 MNet accretion on investments: -$1,457,000.00Investment discount & premium−$1.46 MDeferred profit: $3,707,000.00Deferred profit+$3.71 MLoss on extinguishment of debt: $0.00Other current assets: $15,353,000.00Other current assets+$15.35 MPension curtailment gain: -$2,159,000.00Pension expense, noncash−$2.16 MIncome taxes payable: $1,450,000.00Income taxes payable+$1.45 MDepreciation and amortization: $50,685,000.00Depreciation & amortization+$50.69 MCurrent and long-term operating lease liabilities: -$6,862,000.00Operating lease liabilities−$6.86 MShare-based compensation expense: $23,042,000.00Stock-based compensation+$23.04 MInventory related charges: $8,211,000.00Inventory related charges+$8.21 MAmortization of debt discounts and issuance costs: $422,000.00Debt cost amortization+$422.00 KChanges in accrued retiree medical benefits: -$1,817,000.00Pension & postretirement expense−$1.82 MDeferred income taxes: -$1,802,000.00Deferred income taxes−$1.80 MImpairment charge related to equity investment: $0.00Change in fair value of contingent consideration liability: -$1,700,000.00Contingent consideration change−$1.70 MChanges in other assets: $426,000.00Other noncurrent assets+$426.00 KAmortization of cloud-based software implementation costs: $2,836,000.00Cloud-computing amortization+$2.84 M(Gain) loss from sale of property, plant and equipment: $141,000.00PP&E disposal gain & loss+$141.00 KNet cash from operating activities: $31,692,000.00Operating cash+$31.69 Moperating reconciliation: $136,611,000.00Acquisition of treasury stock: -$8,586,000.00Common stock repurchases−$8.59 MProceeds from revolving line of credit, revolving credit facility and convertible notes: $296,295,000.00Credit line borrowings+$296.30 MNet issuance (repurchases) of stock, including awards settled in cash: $1,187,000.00Net issuance (repurchases) of stock, includingawards settled in cash+$1.19 MPayment of debt issuance costs: -$9,435,000.00Debt issuance costs−$9.44 MPurchase of capped calls related to convertible notes: -$31,395,000.00Capped call purchases−$31.40 MRepayments of long-term debt: -$1,733,000.00Long-term debt repaid−$1.73 MPayments on finance lease liabilities: -$7,000.00Finance lease payments−$7.00 KNet cash from financing activities: $246,326,000.00Financing cash+$246.33 Mfinancing reconciliation: $297,482,000.00Sales and maturities of short-term investments: $63,762,000.00AFS securities proceeds+$63.76 MSettlement of net investment hedge: -$2,145,000.00Investing hedges, net−$2.15 MPurchases of property, plant and equipment: -$20,958,000.00PP&E purchases−$20.96 MPayment for purchase of business, net of cash received - Equiptest Engineering Pte Ltd.: $0.00Payment for purchase of business, net of cash received - MCT Worldwide, LLC: $0.00Payment for purchase of business, net of cash received - Tignis, Inc: -$34,763,000.00Payment for purchase of business, net of cashreceived - Tignis, Inc−$34.76 MNet cash received from sale of assets: $504,000.00Asset sales+$504.00 KPurchases of short-term investments: -$263,417,000.00Short-term investment purchases−$263.42 MNet cash used in investing activities: -$257,017,000.00. Cash required to fund net payments.Investing cash−$257.02 Minvesting reconciliation: $321,283,000.00Cash sources and uses: $484,425,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $206,407,000.00Beginning cash$206.41 MEnding cash: Cash, cash equivalents, and restricted cash: $227,053,000.00Ending cash$227.05 MExchange-rate effect: -$355,000.00FX effect−$355.00 KCASH RECONCILIATIONOperatingflowsFinancingflowsInvestingflowsNet loss −$74.27M + net operating adjustments $105.97M = operating cash +$31.69MFree cash flow$10.73 MOperating cash − cash spent on PP&ECash flow / Net incomeNot meaningfulOperating cash flow ÷ net incomeNet cash change+$20.65 MEnding cash − beginning cash
Chart details

COHU, INC cash flow reconciliation, Dec 29, 2024 through Dec 27, 2025

Cash flows for Dec 29, 2024 through Dec 27, 2025. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 28, 2024. Ending cash: Dec 27, 2025. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 28, 2024
206,407,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
31,692,000 US dollars. Net cash provided.
Net income (loss)
negative 74,273,000 US dollars
Changes in other accrued liabilities
negative 175,000 US dollars
Operating lease right-of-use assets
7,148,000 US dollars
Customer advances
negative 208,000 US dollars
Accounts receivable, net
negative 14,466,000 US dollars
Inventories
4,280,000 US dollars
Accrued compensation, warranty and other liabilities
8,614,000 US dollars
Accounts payable
10,296,000 US dollars
Net accretion on investments
negative 1,457,000 US dollars
Deferred profit
3,707,000 US dollars
Loss on extinguishment of debt
0 US dollars
Other current assets
15,353,000 US dollars
Pension curtailment gain
negative 2,159,000 US dollars
Income taxes payable
1,450,000 US dollars
Depreciation and amortization
50,685,000 US dollars
Current and long-term operating lease liabilities
negative 6,862,000 US dollars
Share-based compensation expense
23,042,000 US dollars
Inventory related charges
8,211,000 US dollars
Amortization of debt discounts and issuance costs
422,000 US dollars
Changes in accrued retiree medical benefits
negative 1,817,000 US dollars
Deferred income taxes
negative 1,802,000 US dollars
Impairment charge related to equity investment
0 US dollars
Change in fair value of contingent consideration liability
negative 1,700,000 US dollars
Changes in other assets
426,000 US dollars
Amortization of cloud-based software implementation costs
2,836,000 US dollars
(Gain) loss from sale of property, plant and equipment
141,000 US dollars
Investing activities
negative 257,017,000 US dollars. Net cash used.
Sales and maturities of short-term investments
63,762,000 US dollars
Settlement of net investment hedge
negative 2,145,000 US dollars
Purchases of property, plant and equipment
negative 20,958,000 US dollars
Payment for purchase of business, net of cash received - Equiptest Engineering Pte Ltd.
0 US dollars
Payment for purchase of business, net of cash received - MCT Worldwide, LLC
0 US dollars
Payment for purchase of business, net of cash received - Tignis, Inc
negative 34,763,000 US dollars
Net cash received from sale of assets
504,000 US dollars
Purchases of short-term investments
negative 263,417,000 US dollars
Financing activities
246,326,000 US dollars. Net cash provided.
Acquisition of treasury stock
negative 8,586,000 US dollars
Proceeds from revolving line of credit, revolving credit facility and convertible notes
296,295,000 US dollars
Net issuance (repurchases) of stock, including awards settled in cash
1,187,000 US dollars
Payment of debt issuance costs
negative 9,435,000 US dollars
Purchase of capped calls related to convertible notes
negative 31,395,000 US dollars
Repayments of long-term debt
negative 1,733,000 US dollars
Payments on finance lease liabilities
negative 7,000 US dollars
Operating adjustment reconciliation
136,611,000 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
297,482,000 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
321,283,000 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 355,000 US dollars
Ending cash on Dec 27, 2025
227,053,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
484,425,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
20,646,000 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
31,692,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
20,958,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
10,734,000 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 −$74.27M + net operating adjustments $105.97M = operating cash +$31.69M. 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: 31,692,000 US dollars minus 20,958,000 US dollars equals 10,734,000 US dollars.
COHU, INC (COHU) FY2025 Annual Statement of Cash Flows Sankey chart
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