Intersil Corporation | ||||||
Condensed Consolidated Statements of Cash Flows | ||||||
Unaudited | ||||||
(In thousands) | ||||||
|
|
|
|
|
|
|
|
Quarter Ended |
| ||||
|
Sep. 30 |
|
Jul. 1 |
|
Oct. 2 |
|
|
2016 |
|
2016 |
|
2015 |
|
|
Q3 2016 |
|
Q2 2016 |
|
Q3 2015 |
|
Operating activities: |
|
|
|
|
|
|
Net income |
$ 15,883 |
|
$ 1,389 |
|
$ 16,984 |
|
Depreciation |
2,903 |
|
3,467 |
|
3,635 |
|
Amortization of purchased intangibles |
2,669 |
|
2,867 |
|
3,777 |
|
Equity-based compensation |
5,563 |
|
8,122 |
|
5,565 |
|
Asset impairment charges |
- |
|
9,998 |
|
- |
|
Deferred income taxes |
4,099 |
|
(1,635) |
|
1,412 |
|
Other |
(1,071) |
|
(847) |
|
(771) |
|
Net changes in operating assets and liabilities |
(6,777) |
|
3,835 |
|
4,193 |
|
Net cash flows provided by operating activities |
23,269 |
|
27,196 |
|
34,795 |
|
|
|
|
|
|
|
|
Investing activities: |
|
|
|
|
|
|
Cash paid for acquisition, net of cash acquired |
- |
|
- |
|
(15,948) |
|
Proceeds from investments |
865 |
|
42 |
|
460 |
|
Net capital expenditures |
(1,784) |
|
(2,004) |
|
(1,764) |
|
Advance received for planned disposition of 200mm line |
2,422 |
|
- |
|
- |
|
Net cash flows provided by/ (used in) investing activities |
1,503 |
|
(1,962) |
|
(17,252) |
|
|
|
|
|
|
|
|
Financing activities: |
|
|
|
|
|
|
Proceeds from (tax payments for) equity-based awards, net |
18,446 |
|
(3,168) |
|
2,587 |
|
Dividends paid |
(16,338) |
|
(18,878) |
|
(15,959) |
|
Net cash flows provided by/ (used in) financing activities |
2,108 |
|
(22,046) |
|
(13,372) |
|
|
|
|
|
|
|
|
Effect of exchange rates on cash and cash equivalents |
303 |
|
70 |
|
(235) |
|
|
|
|
|
|
|
|
Net change in cash and cash equivalents |
27,183 |
|
3,258 |
|
3,936 |
|
|
|
|
|
|
|
|
Cash and cash equivalents as of the beginning of the period |
256,864 |
|
253,606 |
|
224,962 |
|
|
|
|
|
|
|
|
Cash and cash equivalents as of the end of the period |
$ 284,047 |
|
$ 256,864 |
|
$ 228,898 |
|
Intersil Corporation Reports Strong Quarterly Results
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