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

Company: Penguin Solutions, Inc.
Filing Date: 2025-01-08
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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:Accounts receivable(23,885)48,658 Inventories(93,380)(33,464)Other assets705 2,102 Accounts payable and accrued expenses and other liabilities97,471 23,581 Net cash provided by operating activities from continuing operations13,819 59,713 Net cash used for operating activities from discontinued operations— (28,235)Net cash provided by operating activities13,819 31,478 Cash flows from investing activitiesCapital expenditures and deposits on equipment(1,836)(4,648)Proceeds from maturities of investment securities3,780 9,665 Purchases of held-to-maturity investment securities(20,723)(8,469)Other(143)(188)Net cash used for investing activities from continuing operations(18,922)(3,640)Net cash provided by investing activities from discontinued operations— 118,938 Net cash provided by (used for) investing activities(18,922)115,298 Cash flows from financing activitiesRepayments of debt— (14,423)Payments to acquire ordinary shares(11,123)(13,130)Distribution to noncontrolling interest— (1,470)Proceeds from issuance of ordinary shares3,360 3,455 Other— (582)Net cash used for financing activities from continuing operations(7,763)(26,150)Net cash used for financing activities from discontinued operations— (606)Net cash used for financing activities(7,763)(26,756)Effect of changes in currency exchange rates— (1,025)Net increase (decrease) in cash, cash equivalents and restricted cash(12,866)118,995 Cash, cash equivalents and restricted cash at beginning of period383,477 410,064 Cash, cash equivalents and restricted cash at end of period$370,611 $529,059 

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

9

Penguin Solutions, Inc.

Notes to Consolidated Financial Statements

(Tabular amounts in thousands, except per share amounts)

(Unaudited)

Significant Accounting PoliciesBasis of PresentationThe accompanying consolidated financial statements include the accounts of Penguin Solutions, Inc. (“Penguin Solutions,” “we,” “us,” “our,” the “Company” or similar terms) and its consolidated subsidiaries and have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) consistent