# FormFactor, Inc. (FORM) FY2025 Q1 Statement of Cash Flows

- Company: FormFactor, Inc. (FORM)
- Period: 2024-12-29 to 2025-03-29
- Filing: Q1 FY2025 10-Q, filed 2025-05-06, accession number 0001039399-25-000038
- Page: https://plicit.ai/financials/form/fy2025-q1-cash-flow
- Chart image: https://plicit.ai/charts/form-fy2025-q1-cash-flow-sankey.png

## Chart details

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

- **Beginning cash on Dec 28, 2024**: 197,206,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- **Operating activities**: 23,539,000 US dollars. Net cash provided.
- **Net income**: 6,401,000 US dollars
- **Deferred revenues**: negative 620,000 US dollars
- **Stock-based compensation expense**: 9,796,000 US dollars
- **Restructuring Charges**: 2,102,000 US dollars
- **Gain on sale of business**: 0 US dollars
- **Amortization**: 674,000 US dollars
- **Operating lease liabilities**: negative 2,030,000 US dollars
- **Deferred income tax benefit**: negative 691,000 US dollars
- **Other adjustments to reconcile net income to net cash provided by operating activities**: negative 1,024,000 US dollars
- **Provision for excess and obsolete inventories**: 2,879,000 US dollars
- **Other assets**: 469,000 US dollars
- **Depreciation**: 8,156,000 US dollars
- **Reduction in the carrying amount of right-of-use assets**: 1,803,000 US dollars
- **Accounts payable**: 10,535,000 US dollars
- **Accrued liabilities**: negative 7,926,000 US dollars
- **Inventories**: negative 10,196,000 US dollars
- **Accounts receivable**: 6,293,000 US dollars
- **Other liabilities**: 712,000 US dollars
- **Prepaid expenses and other current assets**: negative 3,794,000 US dollars
- **Investing activities**: negative 84,660,000 US dollars. Net cash used.
- **Proceeds from sale of business**: 0 US dollars
- **Purchases of marketable securities**: negative 26,330,000 US dollars
- **Proceeds from maturities and sales of marketable securities**: 27,410,000 US dollars
- **Purchase of equity investment**: negative 67,156,000 US dollars
- **Acquisition of property, plant and equipment**: negative 18,584,000 US dollars
- **Financing activities**: negative 2,964,000 US dollars. Net cash used.
- **Tax withholdings related to net share settlements of equity awards**: negative 2,132,000 US dollars
- **Purchase of common stock through stock repurchase program**: negative 22,135,000 US dollars
- **Proceeds from issuances of common stock**: 21,576,000 US dollars
- **Payments on term loan**: negative 273,000 US dollars
- **Operating adjustment reconciliation**: 43,419,000 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**: 24,540,000 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**: 112,070,000 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**: 180,000 US dollars
- **Ending cash on Mar 29, 2025**: 133,301,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- **Cash sources and uses**: 220,925,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- **Net cash change**: negative 63,905,000 US dollars. Ending cash minus beginning cash.
- **Cash flow / Net income**: 3.68×. 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**: 23,539,000 US dollars. Operating cash flow used in the free cash flow calculation.
- **Cash purchases of property, plant and equipment**: 18,584,000 US dollars. These cash purchases are already included in investing activities above.
- **Free cash flow**: 4,955,000 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 enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $17.14M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
- 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: 23,539,000 US dollars minus 18,584,000 US dollars equals 4,955,000 US dollars.