← Sonos Inc
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Depreciation and amortization | $35.0m | $39.4m | $36.4m | $36.4m | $33.9m | $38.5m | $49.0m | $52.4m | $62.3m | |
| Deferred income taxes | $1.4m | $152k | ($268k) | ($567k) | ($8.3m) | ($1.5m) | ($583k) | ($18.9m) | $8k | |
| Net loss | ($14.2m) | ($15.6m) | ($4.8m) | ($20.1m) | $158.6m | $67.4m | ($10.3m) | ($38.1m) | ($61.1m) | |
| Restructuring and other charges | — | — | — | — | — | $0 | $5.5m | $2.2m | $11.9m | |
| Stock-based compensation expense | $36.5m | $38.6m | $46.6m | $57.6m | $62.1m | $75.6m | $76.9m | $84.3m | $81.6m | |
| Provision for inventory obsolescence | — | — | — | — | $2.8m | $6.3m | $20.6m | $8.9m | $8.1m | |
| Other | $713k | $1.7m | $2.7m | $5.7m | $2.0m | $10.9m | $5.5m | $3.7m | $3.8m | |
| Foreign currency transaction (gain) loss | ($3.6m) | $941k | $4.0m | ($4.1m) | ($1.1m) | $10.8m | ($7.3m) | ($7.3m) | $2.4m | |
| Accounts receivable, net | ($2.7m) | ($26.5m) | ($32.1m) | $49.6m | ($45.7m) | ($5.5m) | $32.1m | $23.0m | ($21.9m) | |
| Inventories | ($60.3m) | ($80.1m) | ($31.8m) | $38.0m | ($7.9m) | ($277.5m) | $87.0m | $106.1m | $51.7m | |
| Other assets | $36k | ($2.1m) | ($7.6m) | ($5.7m) | ($30.0m) | ($16.6m) | $10.5m | ($28.8m) | $10.5m | |
| Accounts payable and accrued expenses | $54.9m | $66.5m | $85.9m | ($24.4m) | $26.2m | $129.7m | ($162.3m) | ($789k) | ($14.4m) | |
| Accrued compensation | $5.1m | $1.6m | $8.2m | $1.1m | $33.4m | ($52.9m) | ($2.2m) | ($6.8m) | $5.2m | |
| Deferred revenue | $9.4m | $5.6m | $6.2m | $4.8m | $27.6m | ($1.7m) | ($4.6m) | $304k | ($2.7m) | |
| Other liabilities | $1.6m | $490k | $7.1m | $9.6m | ($1.1m) | ($5.5m) | $576k | $9.6m | ($459k) | |
| Purchases of marketable securities | — | — | — | — | — | $0 | $0 | ($90.5m) | ($57.9m) | |
| Purchases of property and equipment | ($33.6m) | ($35.7m) | ($23.2m) | ($33.0m) | ($45.5m) | ($46.2m) | ($50.3m) | ($55.2m) | ($28.7m) | |
| Maturities of marketable securities | — | — | — | — | — | $0 | $0 | $40.5m | $57.1m | |
| Proceeds from exercise of stock options | $8.9m | $9.3m | $31.6m | $42.3m | $147.8m | $40.4m | $21.3m | $17.1m | $4.5m | |
| Beginning of period | $130.8m | $221.1m | $338.8m | $407.3m | $640.1m | $274.9m | $220.2m | $169.7m | $174.7m | |
| Cash paid for amounts included in the measurement of lease liabilities, net of tenant improvement reimbursements received | — | — | — | — | — | — | $14.2m | $11.0m | $6.6m | |
| Purchases of property and equipment, accrued but not paid | $9.7m | $4.1m | $11.7m | $3.9m | $5.7m | $9.1m | $2.8m | $7.9m | $5.1m | |
| Right-of-use assets obtained in exchange for lease liabilities | — | $0 | $0 | $77.4m | $2.0m | $5.1m | $31.7m | $11.5m | $1.5m | |
| Excise tax on share repurchases, accrued but not paid | $461k | $1.4m | $3.6m | $783k | $4.1m | $0 | $0 | $602k | $281k | |
| Change in estimate of asset retirement obligations | — | — | — | — | — | $0 | $2.3m | $0 | $0 | |
| Net cash provided by operating activities | $64.0m | $30.6m | $120.6m | $162.0m | $253.2m | ($28.3m) | $100.4m | $189.9m | $136.9m | |
| Net cash used in investing activities | ($33.6m) | ($35.7m) | ($23.2m) | ($69.3m) | ($45.5m) | ($172.6m) | ($50.3m) | ($105.2m) | ($29.5m) | |
| Payments for debt issuance costs | — | — | — | — | — | ($929k) | $0 | $0 | $0 | |
| Payments for repurchase of common stock | ($10.0m) | ($911k) | ($2.4m) | ($50.0m) | ($50.0m) | ($150.1m) | ($100.1m) | ($129.0m) | ($81.0m) | |
| Payments for repurchase of common stock related to shares withheld for tax in connection with vesting of RSUs | — | $0 | $0 | ($11.0m) | ($47.8m) | ($39.7m) | ($29.9m) | ($25.3m) | ($25.9m) | |
| Net cash used in financing activities | $24.0m | $94.4m | $21.9m | ($27.1m) | $25.0m | ($150.3m) | ($108.6m) | ($137.3m) | ($102.3m) | |
| Effect of exchange rate changes on cash and cash equivalents | $1.3m | $1.1m | ($1.6m) | $2.9m | $148k | ($14.1m) | $3.8m | $2.1m | ($71k) | |
| Net increase (decrease) in cash and cash equivalents | $55.7m | $90.3m | $117.7m | $68.5m | $232.8m | ($365.2m) | ($54.6m) | ($50.5m) | $4.9m | |
| Cash paid for interest | $4.1m | $3.8m | $2.5m | $1.6m | $502k | $344k | $1.3m | $256k | $279k | |
| Cash paid for taxes, net of refunds | $461k | $1.4m | $3.6m | $783k | $4.1m | $9.3m | $9.5m | $21.2m | $23.9m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.