Concentrix Corp
For the period ended Nov 30, 2025. Filed Jan 28, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Jan 28, 2026
CNXC$31.96+1.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows for
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Fiscal Years Ended November 30, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Cash flows from operating activities: | |||
| Net income (loss) | $(1,278,924) | $251,217 | $313,842 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Impairment charges | 1,527,726 | — | — |
| Depreciation | 226,101 | 246,920 | 173,463 |
| Amortization | 434,332 | 458,925 | 214,832 |
| Non-cash share-based compensation | 96,386 | 96,057 | 62,113 |
| Provision for credit losses | 5,738 | 7,057 | 10,236 |
| Deferred income taxes | (154,877) | (235,248) | (121,711) |
| Loss on call options | — | — | 14,629 |
| Amortization of debt discount and issuance costs | 23,548 | 25,276 | 6,089 |
| Pension and other post-retirement benefit costs | 16,565 | 16,097 | 11,328 |
| Pension and other post-retirement plan contributions | (4,058) | (4,442) | (12,143) |
| Change in acquisition contingent consideration | (1,958) | (29,268) | 15,681 |
| Other | 2,152 | 1,791 | 306 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable, net | (23,078) | (63,851) | (45,895) |
| Accounts payable | 28,474 | (25,819) | 9,341 |
| Other operating assets and liabilities | (91,160) | (77,220) | 25,897 |
| Net cash provided by operating activities | 806,967 | 667,492 | 678,008 |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (234,496) | (238,762) | (180,532) |
| Premiums paid for call options | — | — | (14,629) |
| Acquisitions of business, net of cash and restricted cash acquired | (15,887) | (5,504) | (1,914,079) |
| Net cash used in investing activities | (250,383) | (244,266) | (2,109,240) |
| Cash flows from financing activities: | |||
| Proceeds from the Restated Credit Facility - Term Loan | 1,500,000 | — | 294,702 |
| Repayments of the Restated Credit Facility - Term Loan | (1,034,375) | (450,000) | (194,702) |
| Repayments of the Prior Credit Facility - Term Loan | — | — | (25,000) |
| Proceeds from the Credit Facility - Revolver | 238,500 | — | — |
| Repayments of the Credit Facility - Revolver | (238,500) | — | — |
| Proceeds from the Securitization Facility | 2,347,700 | 2,191,000 | 1,964,000 |
| Repayments of the Securitization Facility | (2,181,700) | (1,948,500) | (2,192,000) |
| Proceeds from the issuance of Senior Notes | — | — | 2,136,987 |
| Other debt proceeds | — | 6,369 | — |
| Other debt repayments | (828,315) | (7,558) | — |
| Cash paid for debt issuance costs | (4,755) | (600) | (30,519) |
| Acquisition deferred consideration payment | (6,454) | — | — |
| Cash paid for acquired earnout liabilities | — | (22,737) | (13,309) |
| Proceeds from exercise of stock options | 3,978 | 5,030 | 7,201 |
| Repurchase of common stock for tax withholdings on equity awards | (20,005) | (13,385) | (17,231) |
| Repurchase of common stock | (168,708) | (136,096) | (63,958) |
| Dividends paid | (89,618) | (83,807) | (63,495) |
| Change in funds held for clients | (9,191) | (32,248) | — |
| Net cash provided by (used in) financing activities | (491,443) | (492,532) | 1,802,676 |
| Effect of exchange rate changes on cash, cash equivalents, cash held for sale and restricted cash | 26,382 | (17,577) | (12,420) |
| Net increase (decrease) in cash, cash equivalents, cash held for sale and restricted cash | 91,523 | (86,883) | 359,024 |
| Cash, cash equivalents, cash held for sale and restricted cash at beginning of year | 429,604 | 516,487 | 157,463 |
| Cash, cash equivalents, cash held for sale and restricted cash at end of year | $521,127 | $429,604 | $516,487 |
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Fiscal Years Ended November 30, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Supplemental disclosures of cash flow information: | |||
| Interest paid on borrowings | $299,615 | $282,270 | $142,598 |
| Income taxes paid | $270,328 | $298,445 | $217,252 |
| Supplemental disclosure of non-cash investing activities: | |||
| Accrued costs for property and equipment purchases | $28,781 | $24,856 | $26,374 |
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