Company: CRUS
Filing Date: 2025-05-23
Form Type: 10-K
Source: 0000772406-25-000014
Chunk: 80

Company: CIRRUS LOGIC, INC.
Filing Date: 2025-05-23
Form: 10-K
Item: Item 8
Chunk 80
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 LOGIC, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

  Fiscal Years EndedMarch 29,2025March 30,2024March 25,2023Cash flows from operating activities:Net income$331,507 $274,572 $176,703 Adjustments to net cash provided by operating activities:Depreciation and amortization50,951 48,292 71,202 Stock-based compensation expense84,146 89,271 81,641 Deferred income taxes(31)(13,304)(34,513)Loss on retirement or write-off of long-lived assets382 76 656 Other non-cash charges779 2,362 3,102 Restructuring— 1,959 10,632 Intangibles impairment— — 85,760 Net change in operating assets and liabilities:Accounts receivable, net(53,531)(12,767)89,791 Inventories(71,844)6,204 (95,014)Prepaid wafers79,357 47,571 — Other assets7,261 18,303 1,852 Accounts payable9,148 (23,943)(34,307)Accrued salaries and benefits4,463 (6,279)(15,108)Income taxes payable15,577 15,108 (6,019)Acquisition-related liabilities— (21,361)12,654 Other accrued liabilities(13,799)(4,390)(9,464)Net cash provided by operating activities444,366 421,674 339,568 Cash flows from investing activities:Maturities and sales of available-for-sale marketable securities35,296 37,032 18,683 Purchases of available-for-sale marketable securities(130,827)(161,699)(15,299)Purchases of property, equipment and software(22,776)(37,650)(35,090)Investments in technology(5,977)(695)(1,624)Net cash used in investing activities(124,284)(163,012)(33,330)Cash flows from financing activities:Payment of acquisition-related holdback— — (30,949)Issuance of common stock, net of shares withheld for taxes15,433 3,329 10,145 Repurchase of stock to satisfy employee tax