v3.24.4
Consolidated Statements of Cash Flows - MiX Telematics Limited [Member] - USD ($)
$ in Thousands
 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income $ 2,585 $ 4,522
Adjustments to reconcile net income to net cash provided by operating activities:    
Current income taxes 3,080 2,379
Deferred income taxes 3,385 6,066
Profit on sale of property, plant and equipment (115) (25)
Contingent consideration remeasurement (1,299) (504)
Depreciation 14,249 9,743
Amortization of intangible assets 6,201 5,866
Amortization of deferred commissions 5,895 4,276
Impairment of long-lived assets 139 104
Net interest expense 1,204 287
Equity-settled stock based compensation costs 1,110 502
Cash-settled stock based compensation costs
Net foreign exchange losses/(gains) 1,742 (1,110)
Change in allowance for doubtful accounts 5,225 4,202
Write-down of inventory to net realizable value 615 800
Net accrued expenses and other liabilities raised 314 731
Other non-cash items (654) (519)
Changes in operating assets and liabilities:    
Inventories 179 (2,380)
Accounts receivables (5,706) (3,304)
Prepaid expenses and other current assets (514) (1,195)
Accounts payables 1,641 (3)
Accrued expenses and other liabilities (696) 1,673
Deferred commissions (8,995) (7,042)
Foreign currency translation adjustments on operating assets and liabilities (2,054) (898)
Interest received 1,122 733
Interest paid (1,816) (911)
Income tax paid (2,949) (2,045)
Net cash provided by operating activities 23,888 21,948
Cash flows from investing activities:    
Proceeds from the sale of property, plant and equipment 136 71
Acquisition of intangible assets (5,972) (5,307)
Cash paid for business combination (3,739)
Net cash used in investing activities (23,008) (28,789)
Cash flows from financing activities:    
Cash paid for ordinary shares repurchased (546) (389)
Cash paid on dividends to MiX Telematics stockholders (5,320) (5,197)
Movement in short-term debt 5,550 10,544
Deferred consideration paid (1,955)  
Proceeds from borrowings
Payment to non-controlling interest
Net cash (used in)/from financing activities (2,271) 4,958
Net decrease in cash and cash equivalents, and restricted cash (1,391) (1,883)
Cash and cash equivalents, and restricted cash at the beginning of the year 30,657 34,719
Effect of exchange rate changes on cash and cash equivalents, and restricted cash (1,735) (2,179)
Cash and cash equivalents, and restricted cash at the end of the year 27,531 30,657
In Vehicle Devices Installed [Member]    
Cash flows from investing activities:    
Acquisition of property, plant and equipment –other (15,201) (18,868)
Property, Plant and Equipment, Other Types [Member]    
Cash flows from investing activities:    
Acquisition of property, plant and equipment –other $ (1,971) $ (946)