Company: PENG
Filing Date: 2025-01-08
Form Type: 10-Q
Source: 0001628280-25-000944
Chunk: 24

Company: Penguin Solutions, Inc.
Filing Date: 2025-01-08
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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 $408,949 SharesIssuedAmountAdditionalPaid-in CapitalRetainedEarningsTreasurySharesAccumulatedOtherComprehensiveIncome (Loss)Total Penguin SolutionsShareholders’EquityNon-controllingInterest inSubsidiaryTotalEquityAs of August 25, 202357,542 $1,726 $476,703 $82,457 $(132,447)$(205,964)$222,475 $6,758 $229,233 Net income (loss)— — — (19,921)— — (19,921)561 (19,360)Other comprehensive income (loss)— — — — — 206,267 206,267 — 206,267 Shares issued under equity plans905 27 3,428 — — — 3,455 — 3,455 Repurchase of shares— — — — (13,130)— (13,130)— (13,130)Share-based compensation expense— — 11,014 — — — 11,014 — 11,014 Distribution to noncontrolling interest— — — — — — — (1,470)(1,470)As of December 1, 202358,447 $1,753 $491,145 $62,536 $(145,577)$303 $410,160 $5,849 $416,009 

The accompanying notes are an integral part of these consolidated financial statements.

8

Penguin Solutions, Inc.

Consolidated Statements of Cash Flows

(In thousands)

(Unaudited)

Three Months EndedNovember 29,2024December 1,2023Cash flows from operating activitiesNet income (loss)$5,964 $(19,360)Net loss from discontinued operations— (8,148)Net income (loss) from continuing operations5,964 (11,212)Adjustments to reconcile net income (loss) from continuing operations to net cash provided by operating activities:Depreciation expense and amortization of intangible assets14,961 17,654 Amortization of debt issuance costs953 1,042 Share-based compensation expense11,531 10,970 Deferred income taxes, net211 (282)Other(712)664 Changes in operating assets and liabilities