TTM TECHNOLOGIES INC Commitments Disclosure
Legal Matters
The Company is subject to various legal matters, which it considers normal for its business activities. While the Company currently believes that the amount of any reasonably possible loss for known matters would not be material to the Company’s financial condition, the outcome of these actions is inherently difficult to predict. In the event of an adverse outcome, the ultimate potential loss could have a material adverse effect on the Company’s financial condition or results of operations in a particular period. The Company has accrued amounts for its loss contingencies which are probable and estimable as of December 29, 2025 and December 30, 2024 and included as a component of other current liabilities. However, these amounts are not material to the consolidated financial statements of the Company.
Supplier Finance Program Obligations
The Company has agreements with financial institutions to facilitate payments to certain suppliers. Under the terms of the agreements, the Company confirms the validity of each supplier invoice to the respective financial institution upon receipt. The supplier receives payment from the financial institution, and the Company pays the financial institution based on the terms negotiated, which generally range from 160 days to 360 days. Liabilities associated with these agreements are recorded in accounts payable on the consolidated balance sheets and amounted to $12,535 and $17,218 as of December 29, 2025 and December 30, 2024, respectively.
The details of the outstanding obligations confirmed as valid under the Company’s supplier finance program were as follows:
|
|
For the Year Ended |
|
|||||
|
|
December 29, 2025 |
|
|
December 30, 2024 |
|
||
|
|
(In thousands) |
|
|||||
outstanding at beginning of year |
|
$ |
17,218 |
|
|
$ |
18,832 |
|
Invoices confirmed during the year |
|
|
12,579 |
|
|
|
22,887 |
|
Confirmed invoices paid during the year |
|
|
(17,480 |
) |
|
|
(24,983 |
) |
Effect of foreign currency exchange rates |
|
|
218 |
|
|
|
482 |
|
Confirmed obligations outstanding at end of year |
|
$ |
12,535 |
|
|
$ |
17,218 |
|
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 17, 2026 | Showing above |
| 2024 | Feb 21, 2025 | |
| 2023 | Mar 3, 2023 | |
| 2022 | Mar 1, 2022 | |
| 2020 | Feb 22, 2021 | |
| 2019 | Feb 26, 2020 | |
| 2018 | Feb 26, 2019 | |
| 2017 | Feb 24, 2017 | |
| 2015 | Feb 25, 2016 | |
About Commitments Disclosures
Commitments and contingencies disclosures catalog a company's off-balance-sheet obligations and legal exposures — purchase commitments, guarantee arrangements, pending litigation, and regulatory proceedings. These items represent potential future cash outflows that may not appear as liabilities on the balance sheet until they become probable and estimable.
Key signals: litigation reserves and disclosed loss ranges quantify management's estimate of legal exposure, but unquantified "reasonably possible" losses often represent the larger risk. Watch for changes in language around pending cases — shifts from "remote" to "reasonably possible" or increases in estimated loss ranges signal deteriorating outcomes. Unconditional purchase obligations and take-or-pay contracts create fixed cost structures that reduce operational flexibility. Guarantee arrangements for subsidiaries or joint ventures can create cascading obligations. Compare the total commitment schedule against projected free cash flow to assess whether the company can meet its obligations without additional financing.