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
$ 100.4
$ (50.3)
(3.0)%
$ 50.1
32.6%
$ 220.2
$-
YTD22
$ (28.3)
$ (46.2)
(2.6)%
$ (74.5)
(32.9)%
$ 274.9
$-
ā
Cash and cash equivalents of $220M, no debt.
Key contributors to y/y decrease in cash balance
driven by:
O
$100M in share repurchase partially
offset by an improvement in free cash
flow generation
Cash flow provided by operations of $100M,
+$129M y/y from -$28M in FY22
O
Driven by working capital improvements
mainly related to reductions in our
inventory position
Capex of $50M, +9% y/y, largely driven by
in-store product display investments and
manufacturing-related investments to support
the launch of new products including Era
100/300 and Move 2, plus future new product
introductions (NPIs)
Free cash flow of $50M, +$125M y/y from -$75M
in FY22
O
Completed $100M share repurchase program in
FY23; 6.6M shares repurchased at average price
of $15.25 per share
O
Q4 repurchases totaled $55M; 4.0M
shares repurchased at average price of
$13.71
Largest quarterly repurchase in
company history
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.
11View entire presentation