| Richardson Electronics, Ltd. | ||||||||
| Unaudited Consolidated Statements of Cash Flows | ||||||||
| (in thousands) | ||||||||
| Three Months Ended | ||||||||
|
September 2,
2017 |
August 27,
2016 | |||||||
| Operating activities: | ||||||||
| Net loss | $ | (112 | ) | $ | (2,850 | ) | ||
| Adjustments to reconcile net loss to cash used in operating activities: | ||||||||
| Depreciation and amortization | 732 | 715 | ||||||
| Inventory provisions | 162 | 43 | ||||||
| Gain on sale of investments | (25 | ) | (2 | ) | ||||
| Gain on disposal of assets | (191 | ) | — | |||||
| Share-based compensation expense | 101 | 103 | ||||||
| Deferred income taxes | (4 | ) | (158 | ) | ||||
| Change in assets and liabilities: | ||||||||
| Accounts receivable | 2,047 | 3,555 | ||||||
| Income tax receivable | — | (13 | ) | |||||
| Inventories | (2,613 | ) | 368 | |||||
| Prepaid expenses and other assets | (258 | ) | 41 | |||||
| Accounts payable | (2,755 | ) | (2,338 | ) | ||||
| Accrued liabilities | 726 | (1,144 | ) | |||||
| Other | (267 | ) | 5 | |||||
| Net cash used in operating activities | (2,457 | ) | (1,675 | ) | ||||
| Investing activities: | ||||||||
| Capital expenditures | (1,015 | ) | (2,064 | ) | ||||
| Proceeds from sale of assets | 276 | — | ||||||
| Proceeds from maturity of investments | 4,000 | 1,465 | ||||||
| Proceeds from sales of available-for-sale securities | 151 | 88 | ||||||
| Purchases of available-for-sale securities | (151 | ) | (88 | ) | ||||
| Other | (3 | ) | (3 | ) | ||||
| Net cash provided by (used in) investing activities | 3,258 | (602 | ) | |||||
| Financing activities: | ||||||||
| Cash dividends paid | (758 | ) | (758 | ) | ||||
| Net cash used in financing activities | (758 | ) | (758 | ) | ||||
| Effect of exchange rate changes on cash and cash equivalents | 1,059 | 69 | ||||||
| Increase (decrease) in cash and cash equivalents | 1,102 | (2,966 | ) | |||||
| Cash and cash equivalents at beginning of period | 55,327 | 60,454 | ||||||
| Cash and cash equivalents at end of period | $ | 56,429 | $ | 57,488 | ||||
Richardson Electronics Reports First Quarter Fiscal 2018 Results and Declares Quarterly Cash Dividend
 |  | More IC News
|
|
RELATED NEWS
Latest Blog Posts
Team ShareCG
by Team ShareCG
Change in payment schedule for Vendors !!!