Netlist, Inc. (NLST)

Netlist Cash Flow Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 28, 2024	Dec 30, 2023	Dec 31, 2022	Jan 1, 2022
Net Income	-53.87	-60.4	-33.37	4.83
Depreciation & Amortization	0.35	0.37	0.34	0.13
Other Amortization	-	-	-	0.23
Stock-Based Compensation	4.44	4.34	3.21	1.58
Other Operating Activities	0.1	0.64	0.64	0.03
Change in Accounts Receivable	2.89	3.68	4.49	-8.05
Change in Inventory	9.29	-1.35	4.98	-12.47
Change in Accounts Payable	2.48	11.36	2.58	20.17
Change in Unearned Revenue	0.04	-	-	-
Change in Other Net Operating Assets	-0.29	-0.25	2.13	-0.44
Operating Cash Flow	-34.59	-41.6	-15	6.01
Capital Expenditures	-0.07	-	-0.47	-0.52
Investing Cash Flow	-0.07	-	-0.47	-0.52
Short-Term Debt Issued	-	-	-	3.32
Total Debt Issued	-	-	-	3.32
Short-Term Debt Repaid	-2.61	-1.09	-2.07	-
Long-Term Debt Repaid	-0.59	-0.66	-0.69	-17.11
Total Debt Repaid	-3.2	-1.75	-2.76	-17.11
Net Debt Issued (Repaid)	-3.2	-1.75	-2.76	-13.79
Issuance of Common Stock	19.64	52.58	4.72	51.39
Repurchase of Common Stock	-0.02	-	-1.37	-1.14
Financing Cash Flow	16.42	50.84	0.59	36.47
Net Cash Flow	-18.24	9.23	-14.87	41.95
Free Cash Flow	-34.66	-41.6	-15.46	5.49
Free Cash Flow Margin	-23.56%	-60.11%	-9.57%	3.85%
Free Cash Flow Per Share	-0.13	-0.17	-0.07	0.02
Cash Interest Paid	0.1	0.05	0.09	0.06
Cash Income Tax Paid	0	0	0	6.6
Levered Free Cash Flow	8.25	13.13	0.94	12.34
Unlevered Free Cash Flow	8.25	13.13	0.94	12.47
Change in Working Capital	14.4	13.45	14.18	-0.79

Updated Dec 27, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.