KULICKE AND SOFFA INDUSTRIES, INC. (KLIC) FY2024 Q3 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-03-31 to 2024-06-29

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KULICKE AND SOFFA INDUSTRIES, INC. cash flow reconciliation, Mar 31, 2024 through Jun 29, 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. Calculated remaining financing cash flows are purple; remaining operating and investing bundles are gray. Their underlying inflows and outflows are not separately identified. 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.Net (loss) / income → Net cash from operating activities: $12,264,000.00Remaining operating cash flows, net (calculated) → Operating adjustments reconciliation: $6,363,000.00Prepaid expenses and other current assets → Operating adjustments reconciliation: $4,963,000.00Depreciation and amortization → Operating adjustments reconciliation: $4,944,000.00Adjustment for inventory valuation → Operating adjustments reconciliation: $3,074,000.00Inventories → Operating adjustments reconciliation: $1,640,000.00Deferred taxes → Operating adjustments reconciliation: $450,000.00Unrealized foreign currency translation → Operating adjustments reconciliation: $355,000.00Other, net → Operating adjustments reconciliation: $102,000.00Unrealized fair value changes on equity investment → Operating adjustments reconciliation: $77,000.00Operating adjustments reconciliation → Net cash from operating activities: $14,633,000.00Operating adjustments reconciliation → Accounts and other receivable: $5,896,000.00Operating adjustments reconciliation → Income taxes payable: $1,384,000.00Operating adjustments reconciliation → Accounts payable, accrued expenses and other current liabilities: $55,000.00Maturity of short-term investments → investing reconciliation: $80,000,000.00investing reconciliation → Net cash from investing activities: $36,594,000.00investing reconciliation → Purchase of short-term investments: $40,000,000.00investing reconciliation → Purchases of property, plant and equipment: $2,683,000.00investing reconciliation → Investment in private equity fund: $723,000.00Net cash used in financing activities → financing reconciliation: $55,933,000.00financing reconciliation → Repurchase of common stock/treasury stock: $44,658,000.00financing reconciliation → Common stock cash dividends paid: $11,164,000.00financing reconciliation → Payment for finance lease: $111,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $359,748,000.00Net cash from operating activities → Cash sources and uses: $26,897,000.00Net cash from investing activities → Cash sources and uses: $36,594,000.00Cash sources and uses → Exchange-rate effect: $389,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $366,917,000.00Cash sources and uses → Net cash used in financing activities: $55,933,000.00Accounts and other receivable: -$5,896,000.00Accounts & notes receivable−$5.90 MIncome taxes payable: -$1,384,000.00Income taxes payable−$1.38 MAdjustment for inventory valuation: $3,074,000.00Inventory valuation adjustment+$3.07 MUnrealized foreign currency translation: $355,000.00Unrealized FX gain & loss+$355.00 KNet (loss) / income: $12,264,000.00Net (loss) / income+$12.26 MInventories: $1,640,000.00Inventories+$1.64 MOther, net: $102,000.00Other working capital, net+$102.00 KPrepaid expenses and other current assets: $4,963,000.00Prepaid & other assets+$4.96 MDepreciation and amortization: $4,944,000.00Depreciation & amortization+$4.94 MAccounts payable, accrued expenses and other current liabilities: -$55,000.00Payables & accrued liabilities−$55.00 KDeferred taxes: $450,000.00Deferred income taxes+$450.00 KLoss/(Gain) on disposal of property, plant and equipment: -$0.00Unrealized fair value changes on equity investment: $77,000.00Unrealized equity gain & loss+$77.00 KImpairment charges: $0.00Remaining operating cash flows, net (calculated): $6,363,000.00Remaining operating (calculated)+$6.36 MNet cash from operating activities: $26,897,000.00Operating cash+$26.90 MOperating adjustments reconciliation: $21,968,000.00Repurchase of common stock/treasury stock: -$44,658,000.00Common stock repurchases−$44.66 MPayment for finance lease: -$111,000.00Finance lease payments−$111.00 KCommon stock cash dividends paid: -$11,164,000.00Ordinary dividends paid−$11.16 MNet cash used in financing activities: -$55,933,000.00. Cash required to fund net payments.Financing cash−$55.93 Mfinancing reconciliation: $55,933,000.00Purchase of short-term investments: -$40,000,000.00Short-term investment purchases−$40.00 MMaturity of short-term investments: $80,000,000.00Investment sales & maturities+$80.00 MInvestment in private equity fund: -$723,000.00Equity securities purchases−$723.00 KPurchases of property, plant and equipment: -$2,683,000.00PP&E purchases−$2.68 MAcquisition of business, net of cash acquired: $0.00Proceeds from sales of property, plant and equipment: $0.00Net cash from investing activities: $36,594,000.00Investing cash+$36.59 Minvesting reconciliation: $80,000,000.00Cash sources and uses: $423,239,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $359,748,000.00Beginning cash$359.75 MEnding cash: Cash, cash equivalents, and restricted cash: $366,917,000.00Ending cash$366.92 MExchange-rate effect: -$389,000.00FX effect−$389.00 KCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$24.21 MOperating cash − cash spent on PP&ECash flow / Net income2.19×Operating cash flow ÷ net incomeNet cash change+$7.17 MEnding cash − beginning cash
Chart details

KULICKE AND SOFFA INDUSTRIES, INC. cash flow reconciliation, Mar 31, 2024 through Jun 29, 2024

Cash flows for Mar 31, 2024 through Jun 29, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Mar 30, 2024. Ending cash: Jun 29, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Mar 30, 2024
359,748,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
26,897,000 US dollars. Net cash provided. The remaining amount is calculated by subtracting the other displayed items from the operating total. This quarter is the year to date less the prior quarter's year to date. The prior quarter reported part of this section under different lines (Equity-based compensation and employee benefits), so Adjustment for doubtful accounts and Equity-based compensation cannot be separated for this quarter. It may combine inflows and outflows.
Net (loss) / income
12,264,000 US dollars
Accounts and other receivable
negative 5,896,000 US dollars
Income taxes payable
negative 1,384,000 US dollars
Adjustment for inventory valuation
3,074,000 US dollars
Unrealized foreign currency translation
355,000 US dollars
Inventories
1,640,000 US dollars
Other, net
102,000 US dollars
Prepaid expenses and other current assets
4,963,000 US dollars
Depreciation and amortization
4,944,000 US dollars
Accounts payable, accrued expenses and other current liabilities
negative 55,000 US dollars
Deferred taxes
450,000 US dollars
Loss/(Gain) on disposal of property, plant and equipment
0 US dollars
Unrealized fair value changes on equity investment
77,000 US dollars
Impairment charges
0 US dollars
Remaining operating cash flows, net (calculated)
6,363,000 US dollars
Investing activities
36,594,000 US dollars. Net cash provided.
Purchase of short-term investments
negative 40,000,000 US dollars
Maturity of short-term investments
80,000,000 US dollars
Investment in private equity fund
negative 723,000 US dollars
Purchases of property, plant and equipment
negative 2,683,000 US dollars
Acquisition of business, net of cash acquired
0 US dollars
Proceeds from sales of property, plant and equipment
0 US dollars
Financing activities
negative 55,933,000 US dollars. Net cash used.
Repurchase of common stock/treasury stock
negative 44,658,000 US dollars
Payment for finance lease
negative 111,000 US dollars
Common stock cash dividends paid
negative 11,164,000 US dollars
Operating adjustment reconciliation
21,968,000 US dollars. Intermediate calculation joining the displayed items and the calculated net remainder. It does not establish gross cash receipts or payments and is not an additional cash flow.
financing gross reconciliation
55,933,000 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
80,000,000 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
negative 389,000 US dollars
Ending cash on Jun 29, 2024
366,917,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
423,239,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
7,169,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
2.19×. 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
26,897,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
2,683,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
24,214,000 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 $14.63M 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: 26,897,000 US dollars minus 2,683,000 US dollars equals 24,214,000 US dollars.
KULICKE AND SOFFA INDUSTRIES, INC. (KLIC) FY2024 Q3 Statement of Cash Flows Sankey chart
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