EX-99.4 5 ef20034494_ex99-4.htm EXHIBIT 99.4

Exhibit 99.4
Condensed Consolidated Statements of Cash Flows
(in thousands)
(Unaudited)

|  | Nine Months Ended |
|  | July 28, 2024 |  |  | July 30, 2023 |
Cash flows from operating activities: |  |  |  |  |  |
Net income |  | $ | 143,623 |  |  | $ | 136,478 |
Adjustments to reconcile net income to net cash |  |  |  |  |  |  |  |
provided by operating activities: |  |  |  |  |  |  |  |
Depreciation and amortization |  |  | 61,613 |  |  |  | 59,523 |
Share-based compensation |  |  | 9,841 |  |  |  | 5,874 |
Changes in operating assets, liabilities and other |  |  | (22,003 | ) |  |  | (6,319 | )
Net cash provided by operating activities |  |  | 193,074 |  |  |  | 195,556 |
Cash flows from investing activities: |  |  |  |  |  |  |  |
Purchases of property, plant and equipment |  |  | (87,733 | ) |  |  | (78,813 | )
Purchases of short-term investments |  |  | (100,558 | ) |  |  | (9,837 | )
Proceeds from maturities of short-term investments |  |  | 44,696 |  |  |  | 22,500 |
Government incentives |  |  | 1,541 |  |  |  | 2,033 |
Other |  |  | (4 | ) |  |  | (116 | )
Net cash used in investing activities |  |  | (142,058 | ) |  |  | (64,233 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |
Repayments of debt |  |  | (4,500 | ) |  |  | (16,351 | )
Proceeds from share-based arrangements |  |  | 1,074 |  |  |  | 1,241 |
Net settlements of restricted stock awards |  |  | (3,002 | ) |  |  | (1,292 | )
Net cash used in financing activities |  |  | (6,428 | ) |  |  | (16,402 | )
Effects of exchange rate changes on cash, cash equivalents, and restricted cash |  |  | (6,454 | ) |  |  | 13,813 |
Net increase in cash, cash equivalents, and restricted cash |  |  | 38,134 |  |  |  | 128,734 |
Cash, cash equivalents, and restricted cash, beginning of period |  |  | 501,867 |  |  |  | 322,409 |
Cash, cash equivalents, and restricted cash, end of period |  | $ | 540,001 |  |  | $ | 451,143 |