| Himax Technologies, Inc. | ||||||||||
| Unaudited Condensed Consolidated Statements of Cash Flows | ||||||||||
| ( Amounts in T housands of U . S . D ollars) | ||||||||||
|
Twelve
Months
Ended December 3 1 , | ||||||||||
| 20 1 6 | 20 1 5 | |||||||||
| Cash flows from operating activities: | ||||||||||
| Net income | $ | 48,747 | $ | 21,462 | ||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
| Depreciation and amortization | 13,756 | 14,164 | ||||||||
| Bad debt expense | 620 | 310 | ||||||||
| Share-based compensation expenses | 1,186 | 1,818 | ||||||||
| Loss (gain) on disposals of property and equipment | 26 | (2 | ) | |||||||
| Gain on disposals of equity method investment | --- | (88 | ) | |||||||
| Gain on disposals of investment securities, net | --- | (1,682 | ) | |||||||
| Gain on disposals of marketable securities, net | (10 | ) | (223 | ) | ||||||
| Equity in losses of equity method investees | 1,277 | 77 | ||||||||
| Deferred income tax expense (benefit) | (1,978 | ) | 4,148 | |||||||
| Inventories write downs | 23,342 | 9,785 | ||||||||
| Changes in: | ||||||||||
| Accounts receivable | (14,602 | ) | 41,656 | |||||||
| Inventories | (1,716 | ) | (15,054 | ) | ||||||
| Prepaid expenses and other current assets | (647 | ) | 2,067 | |||||||
| Accounts payable | 17,846 | (54,905 | ) | |||||||
| Accounts payable from related parties | 576 | --- | ||||||||
| Income taxes payable | 1,389 | (6,475 | ) | |||||||
| Other accrued expenses and other current liabilities | (5,164 | ) | 5,987 | |||||||
| Other liabilities | 24 | (516 | ) | |||||||
| Net cash provided by operating activities | 84,672 | 22,529 | ||||||||
| Cash flows from investing activities: | ||||||||||
| Purchases of property, plant and equipment | (7,902 | ) | (9,982 | ) | ||||||
| Proceeds from disposals of property and equipment | 9 | 8 | ||||||||
| Purchases of available-for-sale marketable securities | (30,248 | ) | (63,051 | ) | ||||||
| Proceeds from disposals of available-for-sale marketable securities | 38,532 | 46,720 | ||||||||
| Purchases of investment securities | (1,600 | ) | --- | |||||||
| Proceeds from disposals of investment securities | --- | 1,682 | ||||||||
| Proceeds from capital reduction of investment | 568 | --- | ||||||||
| Purchase of equity method investment | (37 | ) | (3,708 | ) | ||||||
| Proceeds from disposals of equity method investment | --- | 179 | ||||||||
| Proceeds from (repayments of) refundable deposits, net | 461 | (304 | ) | |||||||
| Releases (pledges) of restricted cash, cash equivalents and marketable securities | 240 | (227 | ) | |||||||
| Other receivables from related parties | (7,150 | ) | --- | |||||||
| Cash received from the acquisition of Liqxtal, net of cash paid of $1,780 | --- | 341 | ||||||||
| Net cash used in investing activities | (7,127 | ) | (28,342 | ) | ||||||
Himax Technologies, Inc. Reports Fourth Quarter and Full Year 2016 Financial Results; Provides First Quarter 2017 Guidance
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