Penguin Solutions, Inc.

PENG

PENGPenguin Solutions, Inc. US flag

NASDAQ Global Market

71.41

USD

+0.76

- -

3.75BMarket Cap

Income Statement (USD)

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	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	643	534	761	1,289	1,212	1,122	1,056	1,396	1,441	1,171	1,369
+ Sales & Services Revenue	643	534	761	1,289	1,212	1,122	1,056	1,396	1,441	1,171	1,369
- Cost of Revenue	512	427	599	997	974	906	818	1,005	1,026	830	975
+ Cost of Goods & Services	512	427	599	997	974	906	818	1,005	1,026	830	975
Gross Profit	131	107	162	292	238	216	238	391	415	341	394
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	137	100	108	124	151	175	221	283	358	322	320
+ Selling, General & Admin	93	61	70	85	103	123	158	205	261	234	238
+ Research & Development	44	38	38	40	48	52	60	77	91	82	80
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	3	- -	7	7	2
Operating Income (Loss)	-6	7	54	167	86	41	17	108	57	18	74
- Non-Operating (Income) Loss	34	25	52	29	20	32	49	66	96	49	25
+ Interest Expense, Net	28	26	29	19	21	15	17	24	36	28	7
+ Interest Expense	28	26	29	19	21	15	17	24	36	28	7
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	7	-1	23	10	-1	17	32	42	60	21	18
Pretax Income	-40	-18	2	138	66	9	-32	42	-40	-31	49
- Income Tax Expense (Benefit)	7	2	10	18	15	11	10	18	-49	11	20
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-46	-20	-8	119	51	-1	-42	24	10	-42	29
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	-62	-40	199	13	7
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	64	44	-195	-8	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	-127	-84	394	21	7
Income (Loss) Incl. MI	-46	-20	-8	119	51	-1	20	65	-189	-55	22
- Minority Interest	- -	- -	- -	- -	- -	- -	-1	-2	-2	-3	-3
Net Income, GAAP	-46	-20	-8	119	51	-1	21	67	-188	-52	25
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	9
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-46	-20	-8	119	51	-1	21	67	-188	-52	17
EBIT	-6	7	54	167	86	41	17	108	57	18	74
EBITDA	45	39	88	193	116	78	52	155	128	84	130
EBITDA Margin (%)	6.93	7.26	11.5	15.01	9.54	6.93	4.89	11.12	8.91	7.18	9.53
EBITA	-6	7	54	167	86	41	17	108	57	18	74
Gross Margin (%)	20.43	20.01	21.31	22.62	19.6	19.28	22.55	28.01	28.81	29.11	28.8
Operating Margin (%)	-0.87	1.37	7.14	12.97	7.13	3.68	1.58	7.77	3.94	1.56	5.42
Profit Margin (%)	-7.22	-3.73	-1.02	9.27	4.24	-0.1	2.02	4.77	-13.01	-4.48	1.85
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.15
Depreciation Expense	50	31	33	26	29	36	35	47	72	66	56
Basic Weighted Avg Shares	41	41	32	44	46	48	49	49	50	52	53
Basic EPS, GAAP	-1.12	-0.48	-0.25	2.71	1.12	-0.02	0.44	1.35	-3.78	-1	0.31
Basic EPS from Cont Ops	-1.12	-0.48	-0.25	2.71	1.12	-0.02	-0.86	0.49	0.2	-0.8	0.54
Diluted Weighted Avg Shares	41	41	32	46	47	48	52	54	51	52	54
Diluted EPS, GAAP	-1.12	-0.48	-0.25	2.58	1.09	-0.02	0.41	1.22	-3.65	-1	0.31
Diluted EPS from Cont Ops	-1.12	-0.48	-0.25	2.58	1.09	-0.02	-0.81	0.45	0.19	-0.8	0.53

Balance Sheet (USD)

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	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	411	319	347	522	472	557	951	1,152	907	868	1,064
+ Cash, Cash Equivalents & STI	68	59	22	31	98	151	223	313	391	389	454
+ Cash & Cash Equivalents	68	59	22	31	98	151	223	313	366	383	454
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	25	6	- -
+ Accounts & Notes Receiv	200	148	189	253	236	216	313	355	219	252	308
+ Accounts Receivable, Net	188	142	183	237	217	216	313	355	219	252	308
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	11	5	6	16	18	- -	- -	- -	- -	- -	- -
+ Inventories	133	103	127	221	119	163	364	264	175	151	255
+ Raw Materials	58	47	42	105	68	90	164	129	90	76	92
+ Work In Process	11	11	23	36	11	17	93	32	24	19	32
+ Finished Goods	64	45	62	80	41	56	107	103	60	57	131
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	11	10	8	16	20	27	51	220	122	75	47
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	154	139	133	151	232	230	394	420	599	607	553
+ Property, Plant & Equip, Net	60	58	55	57	68	80	197	169	187	167	151
+ Property, Plant & Equip	108	126	138	142	175	187	325	243	284	285	280
- Accumulated Depreciation	48	68	83	86	107	108	128	75	97	118	129
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	93	82	78	94	164	150	197	252	411	440	402
+ Total Intangible Assets	74	62	51	72	151	130	175	133	322	283	234
+ Goodwill	44	45	46	45	81	74	74	55	162	162	146
+ Other Intangible Assets	30	17	5	26	69	56	101	78	160	121	88
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	19	20	27	22	13	21	22	119	89	156	168
Total Assets	565	459	480	673	704	787	1,345	1,572	1,506	1,475	1,617
+ Payables & Accruals	295	203	199	238	177	253	484	354	182	219	319
+ Accounts Payable	284	198	190	223	165	225	430	293	135	182	267
+ Accrued Taxes	5	3	4	5	4	7	14	15	13	12	15
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	6	2	6	10	8	21	40	46	34	25	36
+ ST Debt	12	17	23	27	24	5	25	8	36	- -	20
+ ST Borrowings	12	17	23	27	24	- -	25	8	36	- -	20
+ ST Finance Leases	- -	- -	- -	- -	- -	5	- -	- -	- -	- -	- -
+ Other ST Liabilities	6	9	18	30	37	24	74	153	209	109	135
+ Deferred Revenue	- -	- -	- -	10	19	21	- -	31	48	64	74
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	6	9	18	20	17	3	74	122	161	45	61
Total Current Liabilities	313	229	240	296	238	282	584	516	426	328	474
+ LT Debt	235	226	154	184	182	216	373	643	821	718	505
+ LT Borrowings	235	226	154	184	182	196	340	576	755	657	442
+ LT Finance Leases	- -	- -	- -	- -	- -	21	32	67	66	61	63
+ Other LT Liabilities	8	5	3	6	10	6	69	35	29	30	30
+ Accrued Liabilities	4	3	1	- -	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	4	2	2	6	10	6	69	35	29	30	30
Total Noncurrent Liabilities	243	231	158	190	193	222	442	678	850	748	535
Total Liabilities	556	460	398	486	431	505	1,026	1,194	1,277	1,075	1,009
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	203
+ Share Capital & APIC	142	146	233	251	287	349	398	450	478	515	554
+ Common Stock	- -	- -	1	1	1	1	2	2	2	2	2
+ Additional Paid in Capital	141	145	232	250	286	348	396	448	477	513	552
- Treasury Stock	- -	- -	- -	- -	- -	2	51	108	132	154	206
+ Retained Earnings	21	1	-7	112	165	163	185	251	82	30	47
+ Other Equity	-154	-148	-143	-176	-178	-228	-222	-222	-206	- -	- -
Equity Before Minority Interest	9	-1	82	187	273	282	310	372	222	391	597
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	9	7	7	8	11
Total Equity	9	-1	82	187	273	282	319	379	229	399	608
Total Liabilities & Equity	565	459	480	673	704	787	1,345	1,572	1,506	1,475	1,617
Shares Outstanding	41	41	43	45	47	49	49	49	52	53	53
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	26	32	67	66	61	63
Net Debt	179	184	155	180	108	45	143	271	425	274	8
Net Debt to Equity	2,070.9	-14,880.27	187.94	96.31	39.63	15.87	44.79	71.54	185.35	68.69	1.33
Tangible Common Equity Ratio	-13.28	-15.9	7.29	19.21	22.17	23.21	12.28	17.07	-7.85	9.72	12.42
Current Ratio	1.31	1.39	1.45	1.76	1.99	1.97	1.63	2.23	2.13	2.65	2.25
Cash Conversion Cycle	- -	-7.68	34.68	54.3	50.93	52.4	91.79	55.57	67.39	73.38	74.65

Cash Flow Statement (USD)

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	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	-46	-20	-8	119	51	-1	-42	24	10	-42	29
+ Depreciation & Amortization	50	31	33	26	29	36	35	47	72	66	56
+ Non-Cash Items	14	7	35	9	18	42	70	90	-26	27	47
+ Stock-Based Compensation	6	4	5	11	18	19	31	37	39	43	41
+ Deferred Income Taxes	-2	-1	-2	-3	-1	-2	-2	- -	-64	-11	-14
+ Asset Impairment Charge	6	- -	- -	- -	- -	- -	- -	- -	19	- -	16
+ Other Non-Cash Adj	5	5	32	1	1	25	41	53	-21	-5	4
+ Chg in Non-Cash Work Cap	23	-4	-61	-86	71	10	60	-122	8	55	-19
+ (Inc) Dec in Accts Receiv	9	45	-40	-55	35	-12	-48	-98	163	-32	-56
+ (Inc) Dec in Inventories	-20	31	-22	-42	102	-52	-100	31	95	24	-102
+ (Inc) Dec in Prepaid Assets	- -	11	- -	-9	-2	6	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	35	-91	1	20	-64	66	193	-45	-256	54	131
+ Inc (Dec) in Other	- -	- -	- -	- -	-1	3	15	-10	7	9	8
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	31	66	41	-28	-4
Cash from Operating Activities	41	15	-1	68	170	87	153	105	104	77	109
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	1	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	1	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	64	- -	7	5	-34	-45	18	-12	-44
+ Increase in Capital Stock	- -	- -	64	- -	7	5	15	12	43	10	9
+ Decrease in Capital Stock	- -	- -	- -	- -	-1	-1	-49	-57	-25	-21	-52
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	-29	9	7
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	39	66
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	-29	-31	-59
+ Net Cash From Acq & Div	- -	- -	- -	-42	-76	- -	-36	- -	-213	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	-42	-76	- -	-36	- -	-213	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-9	-14	-19	-26	-33	-32	-49	-39	-56	99	18
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	-31	-18	-17	119	28
Cash from Investing Activities	-9	-13	-18	-68	-109	-32	-84	-39	-299	108	25
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-8
+ Net Cash From Debt	1	-11	76	3	-7	30	25	119	274	-159	-200
+ Cash From Debt	371	285	615	489	254	346	172	355	295	193	100
+ Repayments of Debt	-370	-296	-539	-486	-261	-316	-148	-236	-22	-351	-300
+ Other Financing Activities	-33	- -	-157	5	- -	-22	11	- -	-56	-40	188
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-33	-11	-17	8	- -	13	3	74	236	-210	-63
Effect of Foreign Exchange Rates	-9	- -	- -	- -	1	-15	- -	- -	5	-1	- -
Net Changes in Cash	-1	-9	-36	8	60	68	72	140	42	-25	71
EBITDA	45	39	88	193	116	78	52	155	128	84	130
EBITDA Margin (%)	6.93	7.26	11.5	15.01	9.54	6.93	4.89	11.12	8.91	7.18	9.53
Free Cash Flow	41	15	-1	68	170	87	153	105	104	77	109
Net Cash Paid for Acquisitions	- -	- -	- -	42	76	- -	36	- -	213	- -	- -
Free Cash Flow to Firm	- -	- -	-108	85	186	85	- -	119	- -	- -	113
Free Cash Flow to Equity	- -	4	76	71	163	117	178	224	378	-81	103
Free Cash Flow per Basic Share	0.98	0.36	-0.03	1.54	3.69	1.82	3.16	2.12	2.11	1.47	2.05
Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	12.03
Cash Flow to Net Income	-0.88	-0.75	0.12	0.57	3.31	-76.29	7.2	1.58	-0.56	-1.47	4.3
Capital Expenditures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -