# RAMBUS INC. (RMBS) FY2023 Annual Statement of Cash Flows - Company: RAMBUS INC. (RMBS) - Period: 2023-01-01 to 2023-12-31 - Filing: FY2023 10-K, filed 2024-02-23, accession number 0000917273-24-000028 - Page: https://plicit.ai/financials/rmbs/fy2023-annual-cash-flow - Chart image: https://plicit.ai/charts/rmbs-fy2023-annual-cash-flow-sankey.png ## Chart details Cash flows for Jan 1, 2023 through Dec 31, 2023. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2022. Ending cash: Dec 31, 2023. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it. - **Beginning cash on Dec 31, 2022**: 125,694,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash - **Operating activities**: 195,786,000 US dollars. Net cash provided. - **Net income (loss)**: 333,904,000 US dollars - **Stock-based compensation**: 45,011,000 US dollars - **Depreciation**: 33,687,000 US dollars - **Amortization of intangible assets**: 14,741,000 US dollars - **Non-cash interest expense and amortization of convertible debt issuance costs**: 3,000 US dollars - **Loss on extinguishment of debt**: 0 US dollars - **Loss on fair value adjustment of derivatives, net**: 240,000 US dollars - **Deferred income taxes**: negative 145,350,000 US dollars - **Gain on divestiture**: negative 90,784,000 US dollars - **Gain on sale of non-marketable equity security**: negative 23,924,000 US dollars - **Impairment of assets**: 10,045,000 US dollars - **Gain on sale of equity security**: 0 US dollars - **Change in fair value of earn-out liability**: 9,234,000 US dollars - **Other**: 645,000 US dollars - **Accounts receivable**: negative 28,931,000 US dollars - **Unbilled receivables**: 93,796,000 US dollars - **Prepaid expenses and other assets**: 2,763,000 US dollars - **Inventories**: negative 15,254,000 US dollars - **Income taxes receivable**: negative 87,704,000 US dollars - **Accounts payable**: negative 5,768,000 US dollars - **Accrued salaries and benefits and other liabilities**: 41,000 US dollars - **Income taxes payable**: 59,643,000 US dollars - **Deferred revenue**: negative 5,048,000 US dollars - **Operating lease liabilities**: negative 5,204,000 US dollars - **Investing activities**: negative 57,396,000 US dollars. Net cash used. - **Purchases of property, plant and equipment**: negative 23,240,000 US dollars - **Acquisition of intangible assets**: 0 US dollars - **Purchases of marketable securities**: negative 434,155,000 US dollars - **Maturities of marketable securities**: 175,854,000 US dollars - **Proceeds from sale of marketable securities**: 117,798,000 US dollars - **Proceeds from divestiture**: 106,347,000 US dollars - **Proceeds from sale of equity security**: 0 US dollars - **Acquisition of businesses, net of cash acquired**: 0 US dollars - **Financing activities**: negative 169,623,000 US dollars. Net cash used. - **Proceeds received from issuance of common stock under employee stock plans**: 8,950,000 US dollars - **Repurchase and retirement of common stock, including prepayment under accelerated share repurchase program**: negative 100,525,000 US dollars - **Proceeds from retirement of convertible senior note hedges**: 0 US dollars - **Payments under installment payment arrangements**: negative 16,192,000 US dollars - **Payments of taxes on restricted stock units**: negative 38,328,000 US dollars - **Payments for settlement and repurchase of convertible senior notes**: negative 10,381,000 US dollars - **Payments for settlement of warrants**: negative 10,697,000 US dollars - **Payment of deferred purchase consideration from acquisition**: negative 2,450,000 US dollars - **Operating adjustment reconciliation**: 407,967,000 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**: 178,573,000 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**: 457,395,000 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**: 306,000 US dollars - **Ending cash on Dec 31, 2023**: 94,767,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash - **Cash sources and uses**: 321,786,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash. - **Net cash change**: negative 30,927,000 US dollars. Ending cash minus beginning cash. - **Cash flow / Net income**: 0.59×. 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**: 195,786,000 US dollars. Operating cash flow used in the free cash flow calculation. - **Cash purchases of property, plant and equipment**: 23,240,000 US dollars. These cash purchases are already included in investing activities above. - **Free cash flow**: 172,546,000 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 $195.79M of net income directly to operating cash and $138.12M 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: 195,786,000 US dollars minus 23,240,000 US dollars equals 172,546,000 US dollars.