Silicon Motion Announces Results for the Period Ended December 31, 2020

Silicon Motion Technology Corporation
Condensed Consolidated Statements of Cash Flows
(in thousands, unaudited)

     
   For Three Months Ended  For the Year Ended
   Dec. 31,   Sep. 30,   Dec. 31,   Dec. 31,   Dec. 31,
   2019   2020   2020   2019   2020 
   ($)  ($)  ($)  ($)  ($)
Net income 25,430  24,267  1,354  64,398  79,746 
Depreciation & amortization 3,347  3,322  3,640  13,213  13,562 
Stock-based compensation 7,350  3,131  8,729  14,591  14,589 
Goodwill & intangible assets impairment -  -    17,489     15,970     17,489  
Investment impairment, losses & disposals   (16 )   1     260     (12,908 )   267  
Changes in operating assets and liabilities   (6,075 )   (552 )   (11,158 )   (17,553 )   (9,871 )
Others   63     22     79                 (16 )   113  
Net cash provided by operating activities   30,099     30,191     20,393     77,695     115,895  
                     
Purchase of property & equipment   (2,966 )   (2,618 )   (5,636 )   (11,015 )   (18,784 )
Purchase of long-term investments   -     -     -     -     (2,000 )
Disposal of long-term investments   -     -     -     45,683     -  
Net cash provided by (used in) investing activities   (2,966 )   (2,618 )   (5,636 )   34,668     (20,784 )
                     
Dividend payments   (12,147 )   (12,280 )   (12,065 )   (44,029 )   (48,901 )
Share repurchases   -     (25,013 )   -     (26,231 )   (25,013 )
Net cash used in financing activities   (12,147 )   (37,293 )   (12,065 )   (70,260 )   (73,914 )
                     
Net increase (decrease) in cash, cash equivalents & restricted cash   14,986     (9,720 )   2,692     42,103     21,197  
Effect of foreign exchange changes   (13 )   323     102     (977 )   (239 )
Cash, cash equivalents & restricted cash—beginning of period   333,280     375,814     366,417     307,127     348,253  
Cash, cash equivalents & restricted cash—end of period   348,253     366,417     369,211     348,253     369,211  
                               

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