Credo Technology Group Holding Ltd (CRDO) FY2024 Q3 Statement of Cash Flows
2023-10-29 to 2024-01-27
Statement of Cash Flows
2023-10-29 to 2024-01-27
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Chart details
Credo Technology Group Holding Ltd cash flow reconciliation, Oct 29, 2023 through Jan 27, 2024
Cash flows for Oct 29, 2023 through Jan 27, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Oct 28, 2023. Ending cash: Jan 27, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.
- Beginning cash on Oct 28, 2023
- 128,986,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- Operating activities
- negative 1,036,000 US dollars. Net cash used.
- Net income (loss)
- 428,000 US dollars
- Accounts payable
- negative 280,000 US dollars
- Write-downs for excess and obsolete inventory
- negative 43,000 US dollars
- Inventories
- 4,297,000 US dollars
- Other non-current assets
- negative 2,792,000 US dollars
- Depreciation and amortization
- 3,437,000 US dollars
- Warrant contra revenue
- 1,033,000 US dollars
- Prepaid and other current assets
- negative 855,000 US dollars
- Accounts receivable
- negative 12,037,000 US dollars
- Share-based compensation
- 8,332,000 US dollars
- Deferred revenue
- negative 119,000 US dollars
- Accrued expenses, compensation and other liabilities
- 3,430,000 US dollars
- Contract assets
- negative 5,867,000 US dollars
- Impairment of assets
- 0 US dollars
- Investing activities
- negative 206,635,000 US dollars. Net cash used.
- Purchases of short-term investments
- negative 262,061,000 US dollars
- Purchases of property and equipment
- negative 5,100,000 US dollars
- Maturities of short-term investments
- 60,526,000 US dollars
- Financing activities
- 174,605,000 US dollars. Net cash provided.
- Payments on technology license obligations
- 0 US dollars
- Proceeds from employee share incentive plans, net of tax withholding related to vesting of RSUs
- 969,000 US dollars
- Proceeds from issuance of ordinary share in connection with public offering, net of underwriter discounts and offering costs
- 173,636,000 US dollars
- Operating adjustment reconciliation
- 21,993,000 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
- 174,605,000 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
- 267,161,000 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
- 153,000 US dollars
- Ending cash on Jan 27, 2024
- 96,073,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- Cash sources and uses
- 303,744,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- Net cash change
- negative 32,913,000 US dollars. Ending cash minus beginning cash.
- Cash flow / Net income
- −2.42×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
- Operating cash flow
- negative 1,036,000 US dollars. Operating cash flow used in the free cash flow calculation.
- Cash purchases of property, plant and equipment
- 5,100,000 US dollars. These cash purchases are already included in investing activities above.
- Free cash flow
- negative 6,136,000 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 income or operating cash is negative. The full signed reconciliation is retained: losses remain deductions, and any negative operating-cash total enters the junction from the cash pool. No positive direct-income connection is implied.
- 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: negative 1,036,000 US dollars minus 5,100,000 US dollars equals negative 6,136,000 US dollars.
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