Company: PENG
Filing Date: 2025-04-02
Form Type: 10-Q
Source: 0001628280-25-016182
Chunk: 42

Company: Penguin Solutions, Inc.
Filing Date: 2025-04-02
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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ishment or prepayment of debt— 325 Deferred income taxes, net163 194 Other(1,428)456 Changes in operating assets and liabilities:Accounts receivable(78,640)49,530 Inventories(46,165)2,214 Other assets15,720 (21,127)Accounts payable and accrued expenses and other liabilities122,120 994 Payment of acquisition-related contingent consideration— (29,000)Net cash provided by operating activities from continuing operations86,696 37,796 Net cash used for operating activities from discontinued operations— (28,235)Net cash provided by operating activities86,696 9,561 Cash flows from investing activitiesCapital expenditures and deposits on equipment(4,171)(9,852)Proceeds from maturities of investment securities14,835 21,955 Purchases of held-to-maturity investment securities(33,394)(19,503)Other(541)(746)Net cash used for investing activities from continuing operations(23,271)(8,146)Net cash provided by investing activities from discontinued operations— 118,938 Net cash provided by (used for) investing activities(23,271)110,792 Cash flows from financing activitiesProceeds from issuance of preferred shares, net of $8,702 paid issuance costs191,182 — Repayments of debt— (51,634)Payment of acquisition-related contingent consideration— (21,000)Payments to acquire ordinary shares(17,595)(15,862)Payment of preferred share cash dividends(2,233)— Distribution to noncontrolling interest— (1,470)Proceeds from issuance of ordinary shares3,742 4,247 Other— (583)Net cash provided by (used for) financing activities from continuing operations175,096 (86,302)Net cash used for financing activities from discontinued operations— (606)Net cash provided by (used for) financing activities175,096 (86,908)Effect of changes in currency exchange rates— (1,180)Net increase in cash, cash equivalents and restricted cash238,521 32,265 Cash, cash equivalents and restricted cash at beginning of period383,477 410,064 Cash, cash equivalents and restricted cash at end of period$621,998 $442,329 The accompanying notes are an integral part of these consolidated financial statements.

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Penguin