Semtech(SMTC) - 2025 Q3 - Quarterly Report

Working Capital and Cash Flow Management - Working capital fluctuates based on end-market demand and management of receivables, inventory, and payables, potentially increasing during periods of escalating demand[175] - Net cash provided by operating activities for the nine months ended October 27, 2024, was $24.491 million, compared to a net cash used of$107.839 million for the same period in 2023[176] - Operating cash flows for the first nine months of fiscal year 2025 were positively impacted by reduced annual bonus payments, lower payroll costs, decreased income tax payments, and lower transaction and integration costs[177] - Net sales decreased by 2.6%, negatively impacting operating cash flows, while inventory spend increased[179] Capital Expenditures and Investments - Capital expenditures for the first nine months of fiscal year 2025 were $5.2 million, significantly lower than the$27.5 million in the same period of 2024 due to cost-saving initiatives[179] - The company sold investments for proceeds of $2.7 million and made strategic investments of$0.4 million in the first nine months of fiscal year 2025[179] - Purchases of intangibles, including capitalized development costs and software licenses, totaled $5.9 million for the first nine months of fiscal year 2025[179] Financial Transactions and Payments - Proceeds from corporate-owned life insurance were$4.8 million in the first nine months of fiscal year 2025, compared to $2.5 million in the same period of 2024[179] - The company made a$5.0 million payment on its Revolving Credit Facility in the first nine months of fiscal year 2025, compared to borrowing $70.0 million in the same period of 2024[179] - Employee share-based compensation payroll taxes paid in the first nine months of fiscal year 2025 were$7.3 million, with $1.2 million received from the exercise of stock options[179]