Company: KEQU
Filing Date: 2025-07-02
Form Type: 10-K
Source: 0000055529-25-000026
Chunk: 157

Company: KEWAUNEE SCIENTIFIC CORP /DE/
Filing Date: 2025-07-02
Form: 10-K
Item: Item 1A
Chunk 157
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$11,583 $19,057 Adjustments to reconcile net earnings to net cash used by operating activities:Depreciation and amortization4,759 3,125 Provision for credit losses68 276 Stock based compensation expense1,441 1,028 Provision for deferred income taxes(2,202)(7,127)Accrued payment in kind ("PIK") interest935 — Amortization of deferred financing costs218 — Change in assets and liabilities (net of effect of acquisition):Receivables(6,738)741 Inventories3,351 1,210 Accounts payable and other accrued expenses583 691 Deferred revenue765 277 Other, net20 286 Net cash provided by operating activities14,783 19,564 Cash Flows from Investing ActivitiesCapital expenditures(2,166)(4,373)Purchase of business, net of cash acquired(28,735)— Net cash used in investing activities(30,901)(4,373)Cash Flows from Financing ActivitiesDividends paid to non-controlling interest in subsidiaries(261)— Proceeds from term loan15,000 — Repayments on term loan(1,250)— Proceeds from short-term borrowings73,483 148,061 Repayments on short-term borrowings(75,595)(148,549)Payments on sale-leaseback financing transaction(772)(642)Proceeds from long-term lease obligations— 202 Payment of deferred financing costs(1,497)— Payments on lease obligations(101)(88)Purchase of Treasury Stock(1,596)(1,998)Net cash provided by (used in) financing activities7,411 (3,014)Effect of exchange rate changes on cash, net(67)(54)(Decrease) Increase in Cash, Cash Equivalents and Restricted Cash(8,774)12,123 Cash, Cash Equivalents and Restricted Cash at Beginning of Year25,938 13,815 Cash, Cash Equivalents and Restricted Cash at End of Year$17,164 $25,938 

The accompanying Notes are an integral part of these Consolidated Financial Statements.

28

CONSOLIDATED STATEMENTS OF CASH FLOWS (CONT'D)

 Years Ended April 30$ in thousands20252024Supplemental Disclosure of Cash Flow InformationCash paid for:Interest$3,374 $1