Company: TTMI
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000950170-25-024839
Chunk: 128

Company: TTM TECHNOLOGIES INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1B
Chunk 128
---

    537,678

    Cash and cash equivalents at end of period
     
    $
    503,932

    $
    450,208

    $
    402,749

    Supplemental cash flow information:

    Cash paid, net for interest
     
    $
    48,988

    $
    47,884

    $
    42,844

    Cash paid, net for income taxes

    18,766

    53,751

    4,574

    Supplemental disclosure of non-cash investing and financing activities:

    Cashless rollover of debt
     
    $
    340,395

    $
    115,182

    $
    —

    Property, plant, and equipment recorded in accounts payable and other current liabilities

    77,403

    117,299

    31,670

    Receivable from sale of SH E-MS property

    —

    —

    69,240

    Issuance of common stock for warrant settlement

    —

    —

    589

See accompanying notes to consolidated financial statements.

66

TTM TECHNOLOGIES, INC.

Notes to Consolidated Financial Statements

(Dollars and shares in thousands, except per share data)

(1)Nature of Operations and Summary of Significant Accounting PoliciesNature of OperationsTTM Technologies, Inc. (the Company or TTM) is a leading global manufacturer of technology solutions including mission systems, radio frequency (RF) components, RF microwave/microelectronic assemblies, and quick-turn and technologically advanced printed circuit boards (PCB). The Company provides time-to-market and volume production of advanced technology products and offers a one-stop design, engineering, and manufacturing solution to customers. This solution allows the Company to align technology developments with the diverse needs of the Company’s customers and to enable them to reduce the time required to develop new products and bring them to market.The Company serves a diversified customer base in various markets throughout the world, including aerospace and defense, data center computing, automotive, medical, industrial, and instrumentation, and networking. The Company’s customers include original equipment manufacturers (OEMs), electronic manufacturing services (EMS) providers, original design manufacturers (ODMs), distributors, and government agencies (both domestic and allied foreign governments).The Company operates on a 52 or 53 week fiscal calendar with the fourth quarter ending on the Monday nearest December 31. Fiscal years 2024, 2023,