Sonos Results Presentation Deck
Cash Flow & Balance Sheet Highlights
Cash flow from operations
Capital expenditures
% of revenue
Free cash flow
Free cash flow / Adj EBITDA
Ending cash & cash equivalents
Total debt
YTD23
$ 78.2
$ (40.1)
(3.0)%
$38.1
25.8%
$268.3
$ -
YTD22
$ 75.7
$ (24.9)
(1.7)%
$ 50.7
20.1%
$ 439.7
$ -
Y/Y Change
3.4%
60.7%
(24.8)%
(39.0)%
N/A
ā
Cash and cash equivalents of $268M, no debt.
Key contributors to q/q decrease in cash balance
driven by:
O
O
O
$31M increase in accounts receivable
$18M decrease in accounts payable
and accrued expenses
$15M share repurchases
Partially offset by: $23M decrease in
inventories
Cash flow provided by operations of $78.2M,
+3.4% y/y
Capex of $40.1M, +60.7% y/y, largely driven by
in-store product display investments and
manufacturing-related investments to support
the launch of new products
Free cash flow of $38.1M, -24.8% y/y
Share repurchases of $45.1M in YTD, including
$15.0M in Q3; $54.9M remaining on our $100M
authorization
Note: $ in millions (unless noted), unaudited.
Free cash flow and Adjusted EBITDA are non-GAAP measures. See appendix for reconciliation of GAAP to non-GAAP measures. Percentages have been calculated using actual, non-rounded figures and, therefore,
may not recalculate precisely.
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