Operating
Coherent·Cash Flow Statement·19 metrics
Breakdown
| Metric | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| Change in inventories | $1.9M | $54.8M | $11.7M | $30.8M | $105.4M | $219.1M | $202.3M | $278M |
| Net income | -$47M | $24.9M | $101.5M | $1.8M | — | $225.2M | $143.8M | $181.7M |
| Other working capital changes | $134M | $20.9M | $14.9M | $0 | $62M | -$40.8M | $98.6M | $171.5M |
| Change in accounts payable | $43.7M | $44.6M | $3.4M | $80.2M | $89.1M | $105.4M | $100.2M | $144.1M |
| Change in accounts receivable | -$113M | -$22.6M | $61.4M | $127.3M | $4.3M | $66.6M | $24.8M | $133.9M |
| Amortization | $71.7M | $71.9M | $71.7M | $87.2M | $72M | $69.4M | $70.5M | $70.5M |
| Deferred income taxes | — | -$42.7M | -$17M | -$28.5M | -$7.3M | -$83.7M | — | -$65M |
| Depreciation | $71.9M | $65.9M | $62.7M | $59.4M | $62.8M | $53M | $55.5M | $62.4M |
| Stock-based compensation | $28.3M | $35M | $40.7M | $41M | $43.6M | $44.1M | $42.8M | $49.1M |
| Accrued compensation and employee benefits | $35.1M | -$15.5M | $16.5M | $28.8M | $33.1M | -$48.2M | — | $33.5M |
| Restructuring charges, net of cash paid (Note 15) | $4.1M | $18.4M | $18K | $24.6M | $97.9M | $9.9M | $10.8M | $20.8M |
| Gain on sale of business and assets | — | $0 | $0 | $0 | — | $115.2M | $0 | $8.9M |
| Amortization expense related to capitalized debt issuance costs | — | $5.5M | $4.9M | $5.2M | — | $9.8M | $2.4M | $2.9M |
| Foreign currency remeasurement (loss) gain on debt | $6.7M | -$21.5M | $31M | -$16.4M | -$26.3M | $4.2M | $4.3M | $1.7M |
| Equity in earnings (losses) of equity method investees | — | $392K | $109K | $125K | $690K | $215K | $61K | $18K |
| Change in deferred revenue | -$33.7M | -$9.3M | -$572K | $14.5M | — | -$8M | -$234K | — |
| Loss on extinguishment of debt | -$2M | $0 | $0 | $0 | $0 | -$3.1M | — | — |
| Net cash from operating activities | $162.3M | $153M | $187.4M | $163M | $130.3M | $46M | $57.9M | — |
| Increase (Decrease) in Income Taxes Payable, Net of Income Taxes Receivable | — | -$13.6M | $22.4M | -$11M | -$19.9M | $37.2M | -$66.4M | — |