EX-99.4 5 ef20034494_ex99-4.htm EXHIBIT 99.4
Exhibit 99.4

Condensed Consolidated Statements of Cash Flows
(in thousands)
(Unaudited)

   
Nine Months Ended
  
     
July 28,
2024
      
July 30,
2023
   
             
Cash flows from operating activities:
            
Net income
  
$
143,623
    
$
136,478
  
Adjustments to reconcile net income to net cash
                
provided by operating activities:
                
Depreciation and amortization
    
61,613
      
59,523
  
Share-based compensation
    
9,841
      
5,874
  
Changes in operating assets, liabilities and other
    
(22,003
)
    
(6,319
)
                 
Net cash provided by operating activities
    
193,074
      
195,556
  
                 
Cash flows from investing activities:
                
Purchases of property, plant and equipment
    
(87,733
)
    
(78,813
)
Purchases of short-term investments
    
(100,558
)
    
(9,837
)
Proceeds from maturities of short-term investments
    
44,696
      
22,500
  
Government incentives
    
1,541
      
2,033
  
Other
    
(4
)
    
(116
)
                 
Net cash used in investing activities
    
(142,058
)
    
(64,233
)
                 
Cash flows from financing activities:
                
Repayments of debt
    
(4,500
)
    
(16,351
)
Proceeds from share-based arrangements
    
1,074
      
1,241
  
Net settlements of restricted stock awards
    
(3,002
)
    
(1,292
)
                 
Net cash used in financing activities
    
(6,428
)
    
(16,402
)
                 
Effects of exchange rate changes on cash, cash equivalents, and restricted cash
    
(6,454
)
    
13,813
  
                 
Net increase in cash, cash equivalents, and restricted cash
    
38,134
      
128,734
  
Cash, cash equivalents, and restricted cash, beginning of period
    
501,867
      
322,409
  
                 
Cash, cash equivalents, and restricted cash, end of period
  
$
540,001
    
$
451,143