Himax Technologies, Inc. Reports Fourth Quarter and Full Year 2016 Financial Results; Provides First Quarter 2017 Guidance


Himax Technologies, Inc.
Unaudited Condensed Consolidated Statements of Cash Flows
( Amounts in T housands of U . S . D ollars)
     Three Months
Ended
December 31,
  Three Months
Ended
September 3 0 ,
      20 1 6     20 1 5     20 1 6 
        
Cash flows from operating activities:       
Net income  $3,501  $5,215  $13,391 
Adjustments to reconcile net income to net cash provided by operating activities:       
Depreciation and amortization   3,448   3,407   3,393 
Bad debt expense   620   310   --- 
Share-based compensation expenses   254   277   378 
Loss (gain) on disposals of property and equipment   28   ---   (2)
Gain on disposals of marketable securities, net   (5)  (159)  (95)
Equity in losses (income) of equity method investees   712   (262)  206 
Deferred income tax expense (benefit)   (1,494)  1,665   (219)
Inventories write downs   14,793   2,445   2,653 
Changes in:       
Accounts receivable   16,615       (9,583 )     (20,441 )
Inventories       4,841       3,875       14,620  
Prepaid expenses and other current assets       4,739       4,295       (5,054 )
Accounts payable       459       12,427       (10,033 )
Accounts payable from related parties       576       ---       ---  
Income taxes payable       (215 )     (749 )     2,035  
Other accrued expenses and other current liabilities       (1,690 )     3,088       2,034  
Other liabilities       33       (385 )     (6 )
Net cash provided by operating activities       47,215       25,866       2,860  
               
Cash flows from investing activities:              
Purchases of property, plant and equipment       (2,159 )     (3,567 )     (1,861 )
Proceeds from disposal of property and equipment       ---       ---       9  
Purchases of available-for-sale marketable securities       (6,977 )     (16,498 )     (6,123 )
Proceeds from disposals of available-for-sale marketable securities       8,956       17,520       8,777  
Purchases of investment securities       ---       ---       (1,600 )
Proceeds from capital reduction of investment       137       ---       ---  
Purchase of equity method investment       ---       ---       (37 )
Proceeds from refundable deposits, net       56       13       5  
Pledges of restricted cash, cash equivalents and marketable securities       (197 )     ---       (2 )
Other receivables from related parties       (3,150 )     ---       (3,000 )
Cash received from the acquisition of Liqxtal, net of cash paid of $1,780       ---       341       ---  
Net cash used in investing activities       (3,334 )     (2,191 )     (3,832 )
               

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17  Next Page »



Review Article Be the first to review this article
 Advanced Asembly

Featured Video
Editorial
More Editorial  
Latest Blog Posts
Colin WallsEmbedded Software
by Colin Walls
Variable declarations in C – plenty of pitfalls
Anupam BakshiAgnisys Automation Review
by Anupam Bakshi
AUGER: Celebrating Our Users
2021 EDACafe PredictionsEDACafe Editorial
by 2021 EDACafe Predictions
Atmosic Technologies Electronics Design Industry Predictions
Jobs
Circuit Design & Layout Simulation Engineer - Co-Op (Spring 2021) for Global Foundaries at Santa Clara, California
Senior Staff Field Application Engineer for Global Foundaries at Santa Clara, California
SerDes Applications Design Engineer for Xilinx at San Jose, California
ASIC Engineer for Amazon at seattle, Washington
Staff SerDes Applications Design Engineer for Xilinx at San Jose, California
Pre-silicon Design Verification Engineer for Intel at Santa Clara, California
Upcoming Events
DVCon U.S. 2021 at Virtual - Mar 1 - 4, 2021
IPC APEX EXPO 2021 Goes Virtual at - Mar 8 - 12, 2021
ISQED'21 - 22nd International Symposium at POB 607 Los Altos CA - Apr 7 - 9, 2021
ADAS Sensors 2021 at The Henry Hotel 300 Town Center Drive Dearborn MI - Apr 7 - 8, 2021



© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise