Intersil Corporation | |||||
Condensed Consolidated Statements of Cash Flows | |||||
Unaudited | |||||
(In thousands) | |||||
|
|
|
|
|
|
|
Quarter Ended | ||||
|
Jul. 1 |
|
Apr. 1, |
|
Jul. 3 |
|
2016 |
|
2016 |
|
2015 |
|
Q2 2016 |
|
Q1 2016 |
|
Q2 2015 |
Operating activities: |
|
|
|
|
|
Net income |
$ 1,389 |
|
$ 11,751 |
|
$ 37,724 |
Depreciation |
3,467 |
|
3,579 |
|
3,607 |
Amortization of purchased intangibles |
2,867 |
|
3,528 |
|
4,026 |
Equity-based compensation |
8,122 |
|
6,482 |
|
6,689 |
Asset impairment charges |
9,998 |
|
- |
|
- |
Deferred income taxes |
(1,635) |
|
- |
|
(5,823) |
Other |
(847) |
|
21 |
|
(64) |
Net changes in operating assets and liabilities |
3,835 |
|
(7,691) |
|
(21,933) |
Net cash flows provided by operating activities |
27,196 |
|
17,670 |
|
24,226 |
|
|
|
|
|
|
Investing activities: |
|
|
|
|
|
Proceeds from investments |
42 |
|
28 |
|
- |
Net capital expenditures |
(2,004) |
|
(2,716) |
|
(4,997) |
Net cash flows used in investing activities |
(1,962) |
|
(2,688) |
|
(4,997) |
|
|
|
|
|
|
Financing activities: |
|
|
|
|
|
Proceeds from (tax payments for) equity-based awards, net |
(3,168) |
|
6,417 |
|
1,851 |
Dividends paid |
(18,878) |
|
(15,987) |
|
(17,196) |
Net cash flows used in financing activities |
(22,046) |
|
(9,570) |
|
(15,345) |
|
|
|
|
|
|
Effect of exchange rates on cash and cash equivalents |
70 |
|
791 |
|
178 |
|
|
|
|
|
|
Net change in cash and cash equivalents |
3,258 |
|
6,203 |
|
4,062 |
|
|
|
|
|
|
Cash and cash equivalents as of the beginning of the period |
253,606 |
|
247,403 |
|
220,900 |
|
|
|
|
|
|
Cash and cash equivalents as of the end of the period |
$ 256,864 |
|
$ 253,606 |
|
$ 224,962 |
Intersil Corporation Reports Second Quarter Results
| | More IC News |
|
RELATED NEWS