Richardson Electronics Strategic Business Overview
FY2022 Q3 Balance Sheet and Cash Flow
Richardson
Electronics
($s in 000s)
Feb. 26,
May 29,
2022
2021
Cash and cash
equivalents
$39,147
$43,316
Accounts
Receivable
$31,605
$25,096
Inventories, net
$73,673
$63,508
Total Assets
$170,686 $156,753
Total Debt
$0
$0
Total Liabilities
$41,075
$35,193
Shareholders'
Equity
$129,611 $121,560
Cash used in the third quarter of fiscal year 2022 resulted
primarily from an increase in working capital that was necessary to
support the significant year-over-year sales growth experienced
across the three business units.
A large portion of the inventory growth relates to components
needed to fulfill orders on hand for the ULTRA3000 and other long
lead time parts for PMT.
Capital expenditures were $0.6 million in the third quarter of fiscal
2022 primarily related to investments in the Company's
Healthcare and manufacturing businesses and IT System.
Investor Presentation | © Richardson Electronics, Ltd.
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