Sonos Results Presentation Deck
Cash Flow & Balance Sheet Highlights
Cash flow provided by (used in)
operations
Capital expenditures
% of revenue
Free cash flow
Free cash flow / Adj EBITDA
Ending cash & cash equivalents
Total debt
FY22
($28.3)
$46.2
2.6%
($74.5)
(33)%
$274.9
FY21
$253.2
$45.5
2.7%
$207.7
75%
$640.1
Y/Y Change
(111)%
2%
(136)%
(57)%
na
Cash and cash equivalents of $274.9M, no debt.
Key contributors to y/y decline in cash balance
driven by:
O
O
Cash flow used in operations of $28.3M, -111%
y/y, mainly due to investments in inventory
Capex of $46.2M, largely driven by
manufacturing-related investments to
support the launch of new products
Free cash flow of -$74.5M, -136% y/y
O
$277M increase in inventories
$150M share repurchases
$126M of M&A, including Mayht which
closed in 3Q22
O
Announced new $100M authorization
Note: $ in millions (unless noted), unaudited.
Free cash flow and adjusted EBITDA are non-GAAP measures. See appendix for reconciliation of GAAP non-GAAP measures. Percentages have been calculated using actual, non-rounded figures and, therefore,
may not recalculate precisely.View entire presentation