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
$ 69.3
$23.4
2.4%
$ 45.9
41%
$ 294.9
$.
YTD22
$82.4
$15.7
1.5%
$66.7
32%
$ 606.7
$-
Y/Y Change
(15.8)%
49.4%
(31.2)%
(51.4)%
N/A
Cash and cash equivalents of $294.9M, no debt.
Key contributors to q/q decrease in cash balance
driven by:
O
O
O
$120M decrease in accounts payable
and accrued expenses
$25M increase in inventories
$15M share repurchase
Cash flow provided by operations of $69.3M,
-15.8% y/y, mainly due to negative working
capital factors outlined above
Capex of $23.4M, +49% y/y, largely driven by
in-store product display investments and
manufacturing-related investments to support
the launch of new products
ā Free cash flow of $45.9M, -31.2% y/y
Share repurchases of $30.1M in YTD; $69.9M
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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