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EZchip Semiconductor Ltd. Selected Condensed Consolidated Cash Flow Data on a Non-GAAP Basis (U.S. Dollars in thousands) (Unaudited) | ||||||||||||
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Three Months Ended |
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Six Months Ended | ||||||||
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June 30, |
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March 31, |
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June 30, |
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June 30, |
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June 30, | ||
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2014 |
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2014 |
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2013 |
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2014 |
|
2013 | ||
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Cash flows from operating activities: |
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Net income |
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$ 6,214 |
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$ 6,086 |
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$ 5,147 |
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$ 12,300 |
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$ 8,657 | ||
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Adjustments to reconcile net income to net
|
|
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Depreciation |
|
166 |
|
168 |
|
129 |
|
334 |
|
284 | ||
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Decrease (increase) in trade and other
|
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(97) |
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(1,471) |
|
859 |
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(1,568) |
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(141) | ||
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Decrease (increase) in inventory |
|
97 |
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(102) |
|
(725) |
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(5) |
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(1,352) | ||
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Increase (decrease) in trade payables and
|
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(266) |
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(164) |
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(1,480) |
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(430) |
|
186 | ||
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Stock-based compensation |
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4,149 |
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3,925 |
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3,520 |
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8,074 |
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6,745 | ||
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Net cash provided by operating activities |
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10,263 |
|
8,442 |
|
7,450 |
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18,705 |
|
14,379 | ||
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Cash flows from investing activities: |
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Purchase of property and equipment |
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(24) |
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(196) |
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(255) |
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(220) |
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(600) | ||
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Purchase of technology |
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(1,067) |
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(1,348) |
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-- |
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(2,415) |
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(131) | ||
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Net cash used in investing activities |
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(1,091) |
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(1,544) |
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(255) |
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(2,635) |
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(731) | ||
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Cash flows from financing activities: |
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Proceeds from exercise of options |
|
188 |
|
216 |
|
780 |
|
404 |
|
834 | ||
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Net cash provided by financing activities |
|
188 |
|
216 |
|
780 |
|
404 |
|
834 | ||
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|
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Cash adjustment of marketable securities,
|
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(113) |
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(7) |
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(388) |
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(120) |
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(575) | ||
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Increase in cash, cash equivalents,
|
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9,247 |
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7,107 |
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7,587 |
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16,354 |
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13,907 | ||
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Cash, cash equivalents, marketable securities
|
|
209,972 |
|
202,865 |
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174,288 |
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202,865 |
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167,968 | ||
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Cash, cash equivalents, marketable securities
|
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$ 219,219 |
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$ 209,972 |
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$ 181,875 |
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$ 219,219 |
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$ 181,875 | ||
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* Including unrealized gain (loss) on marketable securities, accumulated interest accretion and amortization of discount and premium on marketable securities. | ||||||||||||
EZchip Announces Record Second Quarter 2014 Results: Q2 Revenues Increase 33% Year-Over-Year To $22.1 Million
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