| Himax Technologies, Inc. | |||||||||||||
| Unaudited Condensed Consolidated Statements of Cash Flows | |||||||||||||
| ( Amounts in T housands of U . S . D ollars) | |||||||||||||
|
Three Months
Ended December 31, |
Three Months
Ended September 3 0 , | ||||||||||||
| 20 1 6 | 20 1 5 | 20 1 6 | |||||||||||
| Cash flows from operating activities: | |||||||||||||
| Net income | $ | 3,501 | $ | 5,215 | $ | 13,391 | |||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||||
| Depreciation and amortization | 3,448 | 3,407 | 3,393 | ||||||||||
| Bad debt expense | 620 | 310 | --- | ||||||||||
| Share-based compensation expenses | 254 | 277 | 378 | ||||||||||
| Loss (gain) on disposals of property and equipment | 28 | --- | (2 | ) | |||||||||
| Gain on disposals of marketable securities, net | (5 | ) | (159 | ) | (95 | ) | |||||||
| Equity in losses (income) of equity method investees | 712 | (262 | ) | 206 | |||||||||
| Deferred income tax expense (benefit) | (1,494 | ) | 1,665 | (219 | ) | ||||||||
| Inventories write downs | 14,793 | 2,445 | 2,653 | ||||||||||
| Changes in: | |||||||||||||
| Accounts receivable | 16,615 | (9,583 | ) | (20,441 | ) | ||||||||
| Inventories | 4,841 | 3,875 | 14,620 | ||||||||||
| Prepaid expenses and other current assets | 4,739 | 4,295 | (5,054 | ) | |||||||||
| Accounts payable | 459 | 12,427 | (10,033 | ) | |||||||||
| Accounts payable from related parties | 576 | --- | --- | ||||||||||
| Income taxes payable | (215 | ) | (749 | ) | 2,035 | ||||||||
| Other accrued expenses and other current liabilities | (1,690 | ) | 3,088 | 2,034 | |||||||||
| Other liabilities | 33 | (385 | ) | (6 | ) | ||||||||
| Net cash provided by operating activities | 47,215 | 25,866 | 2,860 | ||||||||||
| Cash flows from investing activities: | |||||||||||||
| Purchases of property, plant and equipment | (2,159 | ) | (3,567 | ) | (1,861 | ) | |||||||
| Proceeds from disposal of property and equipment | --- | --- | 9 | ||||||||||
| Purchases of available-for-sale marketable securities | (6,977 | ) | (16,498 | ) | (6,123 | ) | |||||||
| Proceeds from disposals of available-for-sale marketable securities | 8,956 | 17,520 | 8,777 | ||||||||||
| Purchases of investment securities | --- | --- | (1,600 | ) | |||||||||
| Proceeds from capital reduction of investment | 137 | --- | --- | ||||||||||
| Purchase of equity method investment | --- | --- | (37 | ) | |||||||||
| Proceeds from refundable deposits, net | 56 | 13 | 5 | ||||||||||
| Pledges of restricted cash, cash equivalents and marketable securities | (197 | ) | --- | (2 | ) | ||||||||
| Other receivables from related parties | (3,150 | ) | --- | (3,000 | ) | ||||||||
| Cash received from the acquisition of Liqxtal, net of cash paid of $1,780 | --- | 341 | --- | ||||||||||
| Net cash used in investing activities | (3,334 | ) | (2,191 | ) | (3,832 | ) | |||||||
Himax Technologies, Inc. Reports Fourth Quarter and Full Year 2016 Financial Results; Provides First Quarter 2017 Guidance
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