Himax Technologies, Inc. Reports First Quarter 2018 Financial Results and Provides Second Quarter 2018 Guidance

 
 
Himax Technologies, Inc.
Reconciliation of unaudited condensed consolidated statement of profit or loss for the twelve months ended December 31, 2017
(Amounts in Thousands of U.S. Dollars)
 
U.S. GAAP Effect of Transition to IFRS I F R S  
Items Amount Recognition
Difference
 Presentation
Difference
 Amount Items Note
Revenues $685,167  $-  $- $685,167   Revenues  
              
Costs and expenses:            Costs and expenses:  
Cost of revenues  518,142   -   -  518,142  Cost of revenues  
Research and development  117,757   (95)  -  117,662  Research and development F,G
General and administrative  20,614   (153)  -  20,461  General and administrative F,G
Sales and marketing    20,504     39     -    20,543  Sales and marketing F,G
Total costs and expenses    677,017     (209)    -    676,808   Total costs and expenses  
              
Operating income    8,150     209     -       8,359     Operating income    
                           
Non operating income (loss) :                     Non operating income (loss) :    
Interest income     2,225       -       -     2,225     Interest income    
Gain on sale of securities, net     23,226       -       -     23,226     Changes in fair value of financial assets at fair value through profit or loss    
Equity in losses of equity method investees       (1,200 )       -         -       (1,200 )   Share of losses of associates    
Foreign currency exchange losses, net     (1,517 )     (142 )     -     (1,659 )   Foreign currency exchange losses, net   F
Interest expense     (565 )     (313 )     -     (878 )   Finance costs   A-3
Other income, net       19         -         -       19     Other income, net    
        22,188         (455 )       -       21,733          
Earnings before income taxes     30,338       (246 )     -     30,092     Profit before income taxes    
Income tax expense       4,520         34                 -       4,554     Income tax expense   F
Net income     25,818       (280 )     -     25,538     Profit for the period    
Net loss attributable to noncontrolling interests       2,149         (7 )       -       2,142     Loss attributable to noncontrolling interests   F
Net income attributable to Himax Technologies, Inc. stockholders   $   27,967     $   (287 )   $   -   $   27,680     Profit attributable to Himax Technologies, Inc. stockholders    
                           
Basic earnings per ADS attributable to Himax Technologies, Inc. stockholders   $   0.162               $   0.161     Basic earnings per ADS attributable to Himax Technologies, Inc. stockholders    
Diluted earnings per ADS attributable to Himax Technologies, Inc. stockholders   $   0.162               $   0.161     Diluted earnings per ADS attributable to Himax Technologies, Inc. stockholders    
Basic Weighted Average Outstanding ADS       172,425                   172,425     Basic Weighted Average Outstanding ADS    
Diluted Weighted Average Outstanding ADS       172,452                   172,452     Diluted Weighted Average Outstanding ADS    
                                   

 

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