Netlist, Inc. (MUN:XAB)

Netlist Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 27, 2025	Dec 28, 2024	Dec 30, 2023	Dec 31, 2022	Jan 1, 2022	Jan 2, 2021
Net Income	-35.29	-53.87	-60.4	-33.37	4.83	-7.27
Depreciation & Amortization	0.32	0.35	0.37	0.34	0.13	0.15
Other Amortization	-	-	-	-	0.23	0.21
Stock-Based Compensation	3.55	4.44	4.34	3.21	1.58	0.76
Other Operating Activities	-0.55	0.1	0.64	0.64	0.03	0.94
Change in Accounts Receivable	-2.49	2.89	3.68	4.49	-8.05	-1.01
Change in Inventory	-13.8	9.29	-1.35	4.98	-12.47	0.3
Change in Accounts Payable	3.1	2.48	11.36	2.58	20.17	-3.81
Change in Unearned Revenue	21.06	0.04	-	-	-	-
Change in Other Net Operating Assets	-12.97	-0.29	-0.25	2.13	-0.44	1.59
Operating Cash Flow	-37.08	-34.59	-41.6	-15	6.01	-8.13
Capital Expenditures	-0.03	-0.07	-	-0.47	-0.52	-0.04
Investing Cash Flow	-0.03	-0.07	-	-0.47	-0.52	-0.04
Short-Term Debt Issued	-	-	-	-	3.32	0.69
Long-Term Debt Issued	-	-	-	-	-	0.64
Total Debt Issued	2.21	-	-	-	3.32	1.33
Short-Term Debt Repaid	-	-2.61	-1.09	-2.07	-	-
Long-Term Debt Repaid	-	-0.59	-0.66	-0.69	-17.11	-0.44
Total Debt Repaid	-0.87	-3.2	-1.75	-2.76	-17.11	-0.44
Net Debt Issued (Repaid)	1.34	-3.2	-1.75	-2.76	-13.79	0.88
Issuance of Common Stock	26.92	19.64	52.58	4.72	51.39	12.21
Repurchase of Common Stock	-0.07	-0.02	-	-1.37	-1.14	-0.1
Financing Cash Flow	28.18	16.42	50.84	0.59	36.47	12.99
Net Cash Flow	-8.92	-18.24	9.23	-14.87	41.95	4.81
Free Cash Flow	-37.11	-34.66	-41.6	-15.46	5.49	-8.18
Free Cash Flow Margin	-25.21%	-23.56%	-60.11%	-9.57%	3.85%	-17.31%
Free Cash Flow Per Share	-0.13	-0.13	-0.17	-0.07	0.02	-0.04
Cash Interest Paid	0.05	0.1	0.05	0.09	0.06	0.07
Cash Income Tax Paid	-	0	0	0	6.6	-
Levered Free Cash Flow	-6.81	8.25	13.13	0.94	12.34	-6.46
Unlevered Free Cash Flow	-6.81	8.25	13.13	0.94	12.47	-6.34
Change in Working Capital	-5.11	14.4	13.45	14.18	-0.79	-2.93

Source: S&P Global Market Intelligence. Standard template. Financial Sources.