Company: AOSL
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001387467-25-000044
Chunk: 108

Company: ALPHA & OMEGA SEMICONDUCTOR Ltd
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 108
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 June 30, 2024, we had $169.6 million and $175.5 million of cash, cash equivalents and restricted cash, respectively.  Our cash, cash equivalents and restricted cash primarily consist of cash on hand, restricted cash, and short-term bank deposits with original maturities of three months or less.  Of the $169.6 million and $175.5 million cash, cash equivalents and restricted cash, $83.4 million and $55.0 million, respectively, are deposited with financial institutions outside the United States.

The following table shows our cash flows from operating, investing and financing activities for the periods indicated:

 Nine Months Ended March 31, 20252024 (in thousands)Net cash provided by operating activities$32,494 $18,591 Net cash used in investing activities(22,167)(28,593)Net cash used in financing activities(16,266)(10,923)Effect of exchange rate changes on cash, cash equivalents and restricted cash(35)(83)Net decrease in cash, cash equivalents and restricted cash$(5,974)$(21,008)  

Cash flows from operating activities

For the nine months ended March 31, 2025, the $13.9 million increase in cash provided by operating activities compared to the same period last year was primarily due to an increase of net loss of $11.6 million and an increase of non-cash expenses of $8.6 million, a decrease of $22.5 million in inventory purchases, an increase of accounts payable of $9.9 million, and an increase of $6.1 million in accrued and other liabilities.  These sources of cash were offset by an increase of $25.1 million in accounts receivable.  This net increase was also affected by changes in other working capital.

Cash flows from investing activities    

40

For the nine months ended March 31, 2025, the $6.4 million decrease in cash used in investing activities compared to the same period last year was primarily due to less purchases of property and equipment in the nine months ended March 31, 2025 compared to the same period last year.

Cash flows from financing activities

For the nine months ended March 31, 2025, the $5.3 million increase in cash used in financing activities compared to the same period last year was primarily due to $2.1 million decrease in proceeds from exercise of stock options and ESPP, and $3