|
EZchip Semiconductor Ltd. | ||||||||||
|
Selected Condensed Consolidated Cash Flow Data on a Non-GAAP Basis | ||||||||||
|
(U.S. Dollars in thousands) | ||||||||||
|
(Unaudited) | ||||||||||
|
|
|
|
|
| ||||||
|
|
|
Three Months Ended |
|
Twelve Months Ended | ||||||
|
|
|
Dec. 31, |
|
Sept. 30, |
|
Dec. 31, |
|
Dec. 31, |
|
Dec. 31, |
|
|
|
2013 |
|
2013 |
|
2012 |
|
2013 |
|
2012 |
|
Cash flows from operating activities: |
|
|
|
|
|
|
|
|
|
|
|
Net income |
|
$ 6,513 |
|
$ 6,528 |
|
$ 4,839 |
|
$ 21,698 |
|
$ 15,651 |
|
Adjustments to reconcile net income to
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization |
|
161 |
|
158 |
|
183 |
|
603 |
|
661 |
|
Decrease (increase) in trade and other receivables, net |
|
1,026 |
|
(2,083) |
|
(1,852) |
|
(1,198) |
|
2,331 |
|
Decrease (increase) in inventory |
|
(678) |
|
584 |
|
948 |
|
(1,446) |
|
1,265 |
|
Increase (decrease) in trade payables and other accrued liabilities, net |
|
2,199 |
|
1,605 |
|
138 |
|
3,990 |
|
(1,400) |
|
Stock-based compensation
|
|
3,633 |
|
3,542 |
|
2,902 |
|
13,920 |
|
11,198 |
|
Net cash provided by operating activities |
|
12,854 |
|
10,334 |
|
7,158 |
|
37,567 |
|
29,706 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash flows from investing activities: |
|
|
|
|
|
|
|
|
|
|
|
Purchase of property and equipment |
|
(151) |
|
(846) |
|
(239) |
|
(1,597) |
|
(1,008) |
|
Purchase of technology |
|
(533) |
|
(1,163) |
|
-- |
|
(1,827) |
|
(500) |
|
Net cash used in investing activities |
|
(684) |
|
(2,009) |
|
(239) |
|
(3,424) |
|
(1,508) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash flows from financing activities: |
|
|
|
|
|
|
|
|
|
|
|
Proceeds from exercise of options |
|
79 |
|
450 |
|
1,027 |
|
1,363 |
|
12,890 |
|
Net cash provided by financing activities |
|
79 |
|
450 |
|
1,027 |
|
1,363 |
|
12,890 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash adjustment of marketable securities, net* |
|
(14) |
|
(20) |
|
(59) |
|
(609) |
|
110 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase in cash, cash equivalents, marketable securities and deposits |
|
12,235 |
|
8,755 |
|
7,887 |
|
34,897 |
|
41,198 |
|
Cash, cash equivalents, marketable securities and deposits at the beginning of the period |
|
190,630 |
|
181,875 |
|
160,081 |
|
167,968 |
|
126,770 |
|
Cash, cash equivalents, marketable securities and deposits at the end of the period |
|
$ 202,865 |
|
$ 190,630 |
|
$ 167,968 |
|
$ 202,865 |
|
$ 167,968 |
|
|
|
|
|
|
|
|
|
|
|
|
|
* Including unrealized gain (loss) on marketable securities, accumulated interest accretion and amortization of discount and premium on marketable securities. | ||||||||||
