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, |
|
|
2014 |
|
2014 |
|
2013 |
|
2014 |
|
2013 |
Cash flows from operating activities: |
|
|
|
|
|
|
|
|
|
|
Net income (loss) |
|
$ (7,341) |
|
$ 4,199 |
|
$ 6,513 |
|
$ 9,158 |
|
$ 21,698 |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: |
|
|
|
|
|
|
|
|
|
|
Depreciation and Amortization |
|
2,752 |
|
175 |
|
161 |
|
3,261 |
|
603 |
Decrease (increase) in trade and other receivables, net |
|
(5,321) |
|
5,315 |
|
1,026 |
|
(1,574) |
|
(1,198) |
Decrease (increase) in inventory |
|
(152) |
|
1,645 |
|
(678) |
|
1,488 |
|
(1,446) |
Increase (decrease) in trade payables and other accrued liabilities, net |
|
(992) |
|
(1,233) |
|
2,199 |
|
(2,655) |
|
3,990 |
Stock-based compensation
|
|
6,934 |
|
4,025 |
|
3,633 |
|
19,033 |
|
13,920 |
Net cash provided by (used in) operating activities |
|
(4,120) |
|
14,126 |
|
12,854 |
|
28,711 |
|
37,567 |
|
|
|
|
|
|
|
|
|
|
|
Cash flows from investing activities: |
|
|
|
|
|
|
|
|
|
|
Purchase of property and equipment |
|
(160) |
|
(318) |
|
(151) |
|
(698) |
|
(1,597) |
Purchase of technology |
|
(2,641) |
|
-- |
|
(533) |
|
(5,056) |
|
(1,827) |
Long term Investment and others |
|
(31,580) |
|
(10,000) |
|
-- |
|
(41,580) |
|
-- |
Net cash used in investing activities |
|
(34,381) |
|
(10,318) |
|
(684) |
|
(47,334) |
|
(3,424) |
|
|
|
|
|
|
|
|
|
|
|
Cash flows from financing activities: |
|
|
|
|
|
|
|
|
|
|
Proceeds from exercise of options
|
|
1,117 |
|
498 |
|
79 |
|
2,019 |
|
1,363 |
Net cash provided by financing activities |
|
1,117 |
|
498 |
|
79 |
|
2,019 |
|
1,363 |
|
|
|
|
|
|
|
|
|
|
|
Cash adjustment of marketable securities, net* |
|
(299) |
|
(85) |
|
(14) |
|
(504) |
|
(609) |
|
|
|
|
|
|
|
|
|
|
|
Increase (decrease) in cash, cash equivalents, marketable securities and deposits
|
|
(37,683) |
|
4,221 |
|
12,235 |
|
(17,108) |
|
34,897 |
Cash, cash equivalents, marketable securities and deposits at the beginning of the period |
|
223,440 |
|
219,219 |
|
190,630 |
|
202,865 |
|
167,968 |
Cash, cash equivalents, marketable securities and deposits at the end of the period |
|
$ 185,757 |
|
$ 223,440 |
|
$ 202,865 |
|
$ 185,757 |
|
$ 202,865 |
|
|
|
|
|
|
|
|
|
|
|
* Including unrealized gain (loss) on marketable securities, accumulated interest accretion and amortization of discount and premium on marketable securities. |
To view the original version on PR Newswire, visit: http://www.prnewswire.com/news-releases/ezchip-announces-fourth-quarter-and-full-year-2014-results-300034348.html
SOURCE EZchip Semiconductor Ltd.
Contact: |
EZchip Semiconductor Ltd.
Web: http://www.ezchip.com |