Company: PENG
Filing Date: 2025-01-08
Form Type: 10-Q
Source: 0001628280-25-000944
Chunk: 21

Company: Penguin Solutions, Inc.
Filing Date: 2025-01-08
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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Item 1. Financial Statements

INDEX TO FINANCIAL STATEMENTS

PageConsolidated Balance Sheets5Consolidated Statements of Operations6Consolidated Statements of Comprehensive Income (Loss)7Consolidated Statements of Shareholders’ Equity8Consolidated Statements of Cash Flows9Notes to Consolidated Financial Statements10

4

Penguin Solutions, Inc.

Consolidated Balance Sheets

(In thousands, except par value amount)

(Unaudited)

As ofNovember 29,2024August 30,2024Assets  Cash and cash equivalents$370,295 $383,147 Short-term investments23,430 6,337 Accounts receivable, net275,629 251,743 Inventories246,952 151,213 Other current assets79,273 75,264 Total current assets995,579 867,704 Property and equipment, net100,239 106,548 Operating lease right-of-use assets58,317 60,349 Intangible assets, net111,926 121,454 Goodwill161,958 161,958 Deferred tax assets84,934 85,078 Other noncurrent assets70,062 71,415 Total assets$1,583,015 $1,474,506 Liabilities and EquityAccounts payable and accrued expenses$284,636 $219,090 Deferred revenue41,326 63,954 Other current liabilities100,924 44,552 Total current liabilities426,886 327,596 Long-term debt658,070 657,347 Noncurrent operating lease liabilities58,611 60,542 Other noncurrent liabilities30,499 29,813 Total liabilities1,174,066 1,075,298 Commitments and contingenciesPenguin Solutions shareholders’ equity:Preferred shares, $0.03 par value; authorized 30,000 shares; none issued or outstanding— — Ordinary shares, $0.03 par value; authorized 200,000 shares; 61,067 shares issued and 53,438 outstanding as of November 29, 2024; 60,226 shares issued and 53,277 outstanding as of August 30, 20241,832 1,807 Additional paid-in capital528,201 513,335 Retained earnings35,202 29,985 Treasury shares, 7,629 and 6,949