Company: PENG
Filing Date: 2025-01-08
Form Type: 10-Q
Source: 0001628280-25-000944
Chunk: 23

Company: Penguin Solutions, Inc.
Filing Date: 2025-01-08
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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 operations— (0.15)$0.10 $(0.38)Shares used in per share calculations:Basic53,482 52,068 Diluted54,312 52,068 

The accompanying notes are an integral part of these consolidated financial statements.

6

Penguin Solutions, Inc.

Consolidated Statements of Comprehensive Income (Loss)

(In thousands)

(Unaudited)

Three Months EndedNovember 29,2024December 1,2023Net income (loss)$5,964 $(19,360)Other comprehensive income (loss), net of tax:Cumulative translation adjustment— (6,142)Cumulative translation adjustment reclassified to net income (loss)— 212,397 Gain (loss) on investments9 12 Comprehensive income5,973 186,907 Comprehensive income attributable to noncontrolling interest747 561 Comprehensive income attributable to Penguin Solutions$5,226 $186,346 

The accompanying notes are an integral part of these consolidated financial statements.

7

Penguin Solutions, Inc.

Consolidated Statements of Shareholders’ Equity

(In thousands)

(Unaudited)

SharesIssuedAmountAdditionalPaid-in CapitalRetainedEarningsTreasurySharesAccumulatedOtherComprehensiveIncome (Loss)Total Penguin SolutionsShareholders’EquityNon-controllingInterest inSubsidiaryTotalEquityAs of August 30, 202460,226 $1,807 $513,335 $29,985 $(153,756)$10 $391,381 $7,827 $399,208 Net income— — — 5,217 — — 5,217 747 5,964 Other comprehensive income (loss)— — — — — 9 9 — 9 Shares issued under equity plans841 25 3,335 — — — 3,360 — 3,360 Repurchase of shares— — — — (11,123)— (11,123)— (11,123)Share-based compensation expense— — 11,531 — — — 11,531 — 11,531 As of November 29, 202461,067 $1,832 $528,201 $35,202 $(164,879)$19 $400,375 $8,574