Company: PENG
Filing Date: 2025-07-08
Form Type: 10-Q
Source: 0001628280-25-034541
Chunk: 76

Company: Penguin Solutions, Inc.
Filing Date: 2025-07-08
Form: 10-Q
Item: Part I, Item 1
Chunk 76
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— 1,117 Deferred income taxes, net1,122 (3,646)Other(2,469)(2,772)Changes in operating assets and liabilities:Accounts receivable(40,760)7,406 Inventories(30,776)(2,321)Other assets13,741 (5,703)Accounts payable and accrued expenses and other liabilities133,908 84,626 Payment of acquisition-related contingent consideration— (29,000)Net cash provided by operating activities from continuing operations183,616 117,677 Net cash used for operating activities from discontinued operations(4,099)(28,336)Net cash provided by operating activities179,517 89,341 Cash flows from investing activitiesCapital expenditures and deposits on equipment(6,087)(13,629)Proceeds from maturities of investment securities27,485 31,870 Purchases of held-to-maturity investment securities(46,127)(19,503)Purchases of non-marketable investments— (1,000)Other(1,015)(1,264)Net cash used for investing activities from continuing operations(25,744)(3,526)Net cash provided by investing activities from discontinued operations28,350 119,389 Net cash provided by investing activities2,606 115,863 Cash flows from financing activitiesProceeds from issuance of preferred shares, net of $8,818 paid issuance costs191,182 — Repayments of debt— (126,634)Payment of acquisition-related contingent consideration— (21,000)Payments to acquire ordinary shares(49,240)(17,991)Payment of preferred share cash dividends(5,100)— Distribution to noncontrolling interest— (1,470)Proceeds from issuance of ordinary shares7,745 8,064 Other— (584)Net cash provided by (used for) financing activities from continuing operations144,587 (159,615)Net cash used for financing activities from discontinued operations— (606)Net cash provided by (used for) financing activities144,587 (160,221)Effect of changes in currency exchange rates— (1,256)Net increase in cash, cash equivalents and restricted cash326,710 43,727 Cash, cash equivalents and restricted cash at beginning of period383,477 410,064 Cash, cash equivalents and restricted cash at end of period$710,187