For the quarter ending 2025-09-30, ADTN had -$3,425K decrease in cash & cash equivalents over the period. $4,206K in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net loss | -7,757 | -27,206 |
| Depreciation and amortization | 23,326 | 44,990 |
| Amortization of revolving credit facility issuance costs | 975 | - |
| Amortization of convertible notes issuance costs | 45 | - |
| Goodwill impairment | - | 0 |
| Gain on investments, net | 2,322 | 1,506 |
| Net loss on disposal of property, plant and equipment | -14 | -24 |
| Stock-based compensation expense | 2,850 | 5,888 |
| Deferred income taxes | -474 | 1,189 |
| Inventory reserves | -422 | 9,176 |
| Accounts receivable, net | 13,459 | -25,754 |
| Other receivables | -353 | -1,416 |
| Income taxes receivable | -1,597 | 2,349 |
| Amortization of debt issuance cost | - | 639 |
| Inventory | -15,832 | -29,594 |
| Prepaid expenses, other current assets and other assets | -1,067 | -6,095 |
| Accounts payable | 6,827 | -6,242 |
| Accrued expenses and other liabilities | -15,284 | -11,305 |
| Income taxes payable | -341 | -816 |
| Net cash provided by operating activities | 12,188 | 75,341 |
| Purchases of property, plant and equipment | 7,982 | 12,084 |
| Purchases of intangibles - developed technology | 9,047 | 20,444 |
| Proceeds from sales and maturities of available-for-sale investments | 233 | 727 |
| Purchases of available-for-sale investments | 75 | 243 |
| Payments for beneficial interest in securitized accounts receivable | -183 | -49 |
| Net cash used in investing activities | -17,054 | -32,093 |
| Tax withholdings related to stock-based compensation settlements | 90 | 1,223 |
| Proceeds from stock option exercises | 271 | 1,163 |
| Proceeds from draw on revolving credit agreements | 0 | 24,000 |
| Repayment of revolving credit agreements | 165,000 | 24,000 |
| Proceeds from issuance of convertible notes | 201,250 | - |
| Payment for redemption of redeemable non-controlling interest | 1 | 19,363 |
| Payment for annual recurring compensation to non-controlling interest | 10,053 | - |
| Payments for capped call transactions related to convertible senior notes | 17,650 | - |
| Payment of debt issuance costs on revolving credit facility and convertible notes | 7,286 | 64 |
| Net cash used in financing activities | 1,441 | -19,487 |
| Net increase in cash, cash equivalents and restricted cash | -3,425 | 23,761 |
| Effect of exchange rate changes on cash | 4,872 | - |
| Cash and cash equivalents at beginning of period | 76,021 | - |
| Cash and cash equivalents at end of period | 101,229 | - |
ADTRAN Holdings, Inc. (ADTN)
ADTRAN Holdings, Inc. (ADTN)