KULICKE AND SOFFA INDUSTRIES, INC. (KLIC) FY2024 Q1 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2023-10-01 to 2023-12-30

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KULICKE AND SOFFA INDUSTRIES, INC. cash flow reconciliation, Oct 1, 2023 through Dec 30, 2023One 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. 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.Maturity of short-term investments → investing reconciliation: $160,000,000.00investing reconciliation → Purchase of short-term investments: $215,000,000.00investing reconciliation → Purchases of property, plant and equipment: $4,426,000.00investing reconciliation → Investment in private equity fund: $1,115,000.00financing reconciliation → Repurchase of common stock/treasury stock: $27,241,000.00financing reconciliation → Common stock cash dividends paid: $10,710,000.00financing reconciliation → Payment for finance lease: $173,000.00Net cash used in operating activities → operating reconciliation: $7,331,000.00Net income → operating reconciliation: $9,293,000.00Depreciation and amortization → operating reconciliation: $7,985,000.00Equity-based compensation and employee benefits → operating reconciliation: $7,857,000.00Prepaid expenses and other current assets → operating reconciliation: $7,547,000.00Adjustment for inventory valuation → operating reconciliation: $2,789,000.00Unrealized foreign currency translation → operating reconciliation: $2,565,000.00Income taxes payable → operating reconciliation: $2,396,000.00Other, net → operating reconciliation: $1,604,000.00Loss/(Gain) on disposal of property, plant and equipment → operating reconciliation: $43,000.00operating reconciliation → Accounts and other receivable: $25,619,000.00operating reconciliation → Inventories: $22,083,000.00operating reconciliation → Accounts payable, accrued expenses and other current liabilities: $819,000.00operating reconciliation → Deferred taxes: $678,000.00operating reconciliation → Unrealized fair value changes on equity investment: $211,000.00Net cash used in financing activities → financing reconciliation: $38,124,000.00Net cash used in investing activities → investing reconciliation: $60,541,000.00Exchange-rate effect → Cash sources and uses: $1,254,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $529,402,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $424,660,000.00Cash sources and uses → Net cash used in investing activities: $60,541,000.00Cash sources and uses → Net cash used in financing activities: $38,124,000.00Cash sources and uses → Net cash used in operating activities: $7,331,000.00Accounts and other receivable: -$25,619,000.00Accounts & notes receivable−$25.62 MIncome taxes payable: $2,396,000.00Income taxes payable+$2.40 MAdjustment for inventory valuation: $2,789,000.00Inventory valuation adjustment+$2.79 MUnrealized foreign currency translation: $2,565,000.00Unrealized FX gain & loss+$2.57 MNet income: $9,293,000.00Net income+$9.29 MInventories: -$22,083,000.00Inventories−$22.08 MOther, net: $1,604,000.00Other working capital, net+$1.60 MPrepaid expenses and other current assets: $7,547,000.00Prepaid & other assets+$7.55 MDepreciation and amortization: $7,985,000.00Depreciation & amortization+$7.99 MAccounts payable, accrued expenses and other current liabilities: -$819,000.00Payables & accrued liabilities−$819.00 KEquity-based compensation and employee benefits: $7,857,000.00Stock-based compensation+$7.86 MDeferred taxes: -$678,000.00Deferred income taxes−$678.00 KLoss/(Gain) on disposal of property, plant and equipment: $43,000.00PP&E disposal gain & loss+$43.00 KUnrealized fair value changes on equity investment: -$211,000.00Unrealized equity gain & loss−$211.00 KNet cash used in operating activities: -$7,331,000.00. Cash required to fund net payments.Operating cash−$7.33 Moperating reconciliation: $49,410,000.00Repurchase of common stock/treasury stock: -$27,241,000.00Common stock repurchases−$27.24 MPayment for finance lease: -$173,000.00Finance lease payments−$173.00 KCommon stock cash dividends paid: -$10,710,000.00Ordinary dividends paid−$10.71 MNet cash used in financing activities: -$38,124,000.00. Cash required to fund net payments.Financing cash−$38.12 Mfinancing reconciliation: $38,124,000.00Purchase of short-term investments: -$215,000,000.00Short-term investment purchases−$215.00 MMaturity of short-term investments: $160,000,000.00Investment sales & maturities+$160.00 MInvestment in private equity fund: -$1,115,000.00Equity securities purchases−$1.12 MPurchases of property, plant and equipment: -$4,426,000.00PP&E purchases−$4.43 MNet cash used in investing activities: -$60,541,000.00. Cash required to fund net payments.Investing cash−$60.54 Minvesting reconciliation: $220,541,000.00Cash sources and uses: $530,656,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $529,402,000.00Beginning cash$529.40 MEnding cash: Cash, cash equivalents, and restricted cash: $424,660,000.00Ending cash$424.66 MExchange-rate effect: $1,254,000.00FX effect+$1.25 MCASH RECONCILIATIONInvestingflowsFinancingflowsOperatingflowsFree cash flow−$11.76 MOperating cash − cash spent on PP&ECash flow / Net income−0.79×Operating cash flow ÷ net incomeNet cash change−$104.74 MEnding cash − beginning cash
Chart details

KULICKE AND SOFFA INDUSTRIES, INC. cash flow reconciliation, Oct 1, 2023 through Dec 30, 2023

Cash flows for Oct 1, 2023 through Dec 30, 2023. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Sep 30, 2023. Ending cash: Dec 30, 2023. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Sep 30, 2023
529,402,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
negative 7,331,000 US dollars. Net cash used.
Net income
9,293,000 US dollars
Accounts and other receivable
negative 25,619,000 US dollars
Income taxes payable
2,396,000 US dollars
Adjustment for inventory valuation
2,789,000 US dollars
Unrealized foreign currency translation
2,565,000 US dollars
Inventories
negative 22,083,000 US dollars
Other, net
1,604,000 US dollars
Prepaid expenses and other current assets
7,547,000 US dollars
Depreciation and amortization
7,985,000 US dollars
Accounts payable, accrued expenses and other current liabilities
negative 819,000 US dollars
Equity-based compensation and employee benefits
7,857,000 US dollars
Deferred taxes
negative 678,000 US dollars
Loss/(Gain) on disposal of property, plant and equipment
43,000 US dollars
Unrealized fair value changes on equity investment
negative 211,000 US dollars
Investing activities
negative 60,541,000 US dollars. Net cash used.
Purchase of short-term investments
negative 215,000,000 US dollars
Maturity of short-term investments
160,000,000 US dollars
Investment in private equity fund
negative 1,115,000 US dollars
Purchases of property, plant and equipment
negative 4,426,000 US dollars
Financing activities
negative 38,124,000 US dollars. Net cash used.
Repurchase of common stock/treasury stock
negative 27,241,000 US dollars
Payment for finance lease
negative 173,000 US dollars
Common stock cash dividends paid
negative 10,710,000 US dollars
Operating adjustment reconciliation
49,410,000 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
38,124,000 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
220,541,000 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
1,254,000 US dollars
Ending cash on Dec 30, 2023
424,660,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
530,656,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 104,742,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
−0.79×. 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 7,331,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
4,426,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
negative 11,757,000 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 7,331,000 US dollars minus 4,426,000 US dollars equals negative 11,757,000 US dollars.
KULICKE AND SOFFA INDUSTRIES, INC. (KLIC) FY2024 Q1 Statement of Cash Flows Sankey chart
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