KEYSIGHT TECHNOLOGIES, INC. (KEYS) FY2024 Q3 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-05-01 to 2024-07-31

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KEYSIGHT TECHNOLOGIES, INC. cash flow reconciliation, May 1, 2024 through Jul 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.Net income → Net cash from operating activities: $255,000,000.00Net income → Operating adjustments reconciliation: $134,000,000.00Depreciation → Operating adjustments reconciliation: $32,000,000.00Amortization → Operating adjustments reconciliation: $32,000,000.00Share-based compensation → Operating adjustments reconciliation: $29,000,000.00Other assets and liabilities → Operating adjustments reconciliation: $14,000,000.00Income taxes payable → Operating adjustments reconciliation: $11,000,000.00Accounts receivable → Operating adjustments reconciliation: $9,000,000.00Excess and obsolete inventory-related charges → Operating adjustments reconciliation: $8,000,000.00Accounts payable → Operating adjustments reconciliation: $7,000,000.00Operating adjustments reconciliation → Long-term tax receivable: $165,000,000.00Operating adjustments reconciliation → Deferred revenue: $49,000,000.00Operating adjustments reconciliation → Employee compensation and benefits: $43,000,000.00Operating adjustments reconciliation → Deferred tax expense (benefit): $12,000,000.00Operating adjustments reconciliation → Prepaid assets: $6,000,000.00Operating adjustments reconciliation → Inventory: $1,000,000.00Net cash used in investing activities → investing reconciliation: $150,000,000.00investing reconciliation → Acquisition of businesses and intangible assets, net of cash acquired: $117,000,000.00investing reconciliation → Investments in property, plant and equipment: $33,000,000.00Net cash used in financing activities → financing reconciliation: $132,000,000.00Proceeds from issuance of common stock under employee stock plans → financing reconciliation: $32,000,000.00financing reconciliation → Treasury stock repurchases: $150,000,000.00financing reconciliation → Other financing activities: $11,000,000.00financing reconciliation → Payment of taxes related to net share settlement of equity awards: $3,000,000.00Exchange-rate effect → Cash sources and uses: $2,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $1,674,000,000.00Net cash from operating activities → Cash sources and uses: $255,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $1,649,000,000.00Cash sources and uses → Net cash used in investing activities: $150,000,000.00Cash sources and uses → Net cash used in financing activities: $132,000,000.00Net income: $389,000,000.00Net income+$389.00 MDepreciation: $32,000,000.00Depreciation expense+$32.00 MAmortization: $32,000,000.00Amortization expense+$32.00 MShare-based compensation: $29,000,000.00Stock-based compensation+$29.00 MDeferred tax expense (benefit): -$12,000,000.00Deferred income taxes−$12.00 MExcess and obsolete inventory-related charges: $8,000,000.00Inventory write-downs+$8.00 MOther non-cash expense (income), net: $0.00Accounts receivable: $9,000,000.00Accounts receivable+$9.00 MInventory: -$1,000,000.00Inventories−$1.00 MAccounts payable: $7,000,000.00Accounts payable+$7.00 MEmployee compensation and benefits: -$43,000,000.00Accrued salaries & wages−$43.00 MDeferred revenue: -$49,000,000.00Unearned revenue−$49.00 MIncome taxes payable: $11,000,000.00Income taxes payable+$11.00 MPrepaid assets: -$6,000,000.00Prepaid expenses−$6.00 MOther assets and liabilities: $14,000,000.00Other working capital, net+$14.00 MInterest rate swap agreement termination proceeds: $0.00Long-term tax receivable: -$165,000,000.00Income taxes receivable−$165.00 MNet cash from operating activities: $255,000,000.00Operating cash+$255.00 MOperating adjustments reconciliation: $276,000,000.00Proceeds from issuance of common stock under employee stock plans: $32,000,000.00Employee stock plans & options+$32.00 MPayment of taxes related to net share settlement of equity awards: -$3,000,000.00Stock-award tax withholding−$3.00 MTreasury stock repurchases: -$150,000,000.00Common stock repurchases−$150.00 MOther financing activities: -$11,000,000.00Other financing, net−$11.00 MAcquisition of non-controlling interests: $0.00Repayment of debt: $0.00Net cash used in financing activities: -$132,000,000.00. Cash required to fund net payments.Financing cash−$132.00 Mfinancing reconciliation: $164,000,000.00Investments in property, plant and equipment: -$33,000,000.00PP&E purchases−$33.00 MAcquisition of businesses and intangible assets, net of cash acquired: -$117,000,000.00Acquisitions, net of cash−$117.00 MOther investing activities: $0.00Net cash used in investing activities: -$150,000,000.00. Cash required to fund net payments.Investing cash−$150.00 Minvesting reconciliation: $150,000,000.00Cash sources and uses: $1,931,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $1,674,000,000.00Beginning cash$1.67 BEnding cash: Cash, cash equivalents, and restricted cash: $1,649,000,000.00Ending cash$1.65 BExchange-rate effect: $2,000,000.00FX effect+$2.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$222.00 MOperating cash − cash spent on PP&ECash flow / Net income0.66×Operating cash flow ÷ net incomeNet cash change−$25.00 MEnding cash − beginning cash
Chart details

KEYSIGHT TECHNOLOGIES, INC. cash flow reconciliation, May 1, 2024 through Jul 31, 2024

Cash flows for May 1, 2024 through Jul 31, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Apr 30, 2024. Ending cash: Jul 31, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Apr 30, 2024
1,674,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
255,000,000 US dollars. Net cash provided.
Net income
389,000,000 US dollars
Depreciation
32,000,000 US dollars
Amortization
32,000,000 US dollars
Share-based compensation
29,000,000 US dollars
Deferred tax expense (benefit)
negative 12,000,000 US dollars
Excess and obsolete inventory-related charges
8,000,000 US dollars
Other non-cash expense (income), net
0 US dollars
Accounts receivable
9,000,000 US dollars
Inventory
negative 1,000,000 US dollars
Accounts payable
7,000,000 US dollars
Employee compensation and benefits
negative 43,000,000 US dollars
Deferred revenue
negative 49,000,000 US dollars
Income taxes payable
11,000,000 US dollars
Prepaid assets
negative 6,000,000 US dollars
Other assets and liabilities
14,000,000 US dollars
Interest rate swap agreement termination proceeds
0 US dollars
Long-term tax receivable
negative 165,000,000 US dollars
Investing activities
negative 150,000,000 US dollars. Net cash used.
Investments in property, plant and equipment
negative 33,000,000 US dollars
Acquisition of businesses and intangible assets, net of cash acquired
negative 117,000,000 US dollars
Other investing activities
0 US dollars
Financing activities
negative 132,000,000 US dollars. Net cash used.
Proceeds from issuance of common stock under employee stock plans
32,000,000 US dollars
Payment of taxes related to net share settlement of equity awards
negative 3,000,000 US dollars
Treasury stock repurchases
negative 150,000,000 US dollars
Other financing activities
negative 11,000,000 US dollars
Acquisition of non-controlling interests
0 US dollars
Repayment of debt
0 US dollars
Operating adjustment reconciliation
276,000,000 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
164,000,000 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
150,000,000 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
2,000,000 US dollars
Ending cash on Jul 31, 2024
1,649,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
1,931,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 25,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
0.66×. 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
255,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
33,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
222,000,000 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 exceeds operating cash. The diagram allocates $255.00M of net income directly to operating cash and $134.00M to the adjustment junction, where it combines with other additions to reconcile deductions. This is an accounting presentation, not a tracing of 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: 255,000,000 US dollars minus 33,000,000 US dollars equals 222,000,000 US dollars.
KEYSIGHT TECHNOLOGIES, INC. (KEYS) FY2024 Q3 Statement of Cash Flows Sankey chart
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