Magnachip Reports Results for Fourth Quarter and Full-Year 2022

 

MAGNACHIP SEMICONDUCTOR CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands of U.S. dollars)
(Unaudited)












Three Months

Ended 


Year Ended




December 31,
2022


December 31,
2022


December 31,
2021


Cash flows from operating activities







Net income (loss)   

$           2,971


$      (8,036)


$       56,708


Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities







Depreciation and amortization     

3,775


15,000


14,239


Provision for severance benefits  

1,126


6,289


8,282


Amortization of debt issuance costs and original issue discount 



261


Loss (gain) on foreign currency, net            

(46,606)


19,729


32,432


Provision for inventory reserves 

1,844


9,574


2,244


Stock-based compensation          

1,550


6,037


7,704


Deferred income tax assets

56


278


918


Other, net     

255


664


(613)


Changes in operating assets and liabilities







Accounts receivable, net              

2,471


10,276


7,505


Inventories   

582


(12,626)


(5,939)


Other receivables         

1,031


18,146


(21,538)


Other current assets     

9,967


(4,150)


12,397


Accounts payable        

(1,533)


(16,325)


(11,437)


Other accounts payable

(3,195)


(9,410)


(7,798 )


Accrued expenses        

(13,094)


(7,228)


4,637


Accrued income taxes  

3,083


(8,400)


(1)


Deferred revenue

(47)


(1,261)


(131)


Other current liabilities

(276)


(645)


1,445


Other non-current liabilities         

226


749


(1,398 )


Contributions to severance insurance deposit accounts

(7,662)


(7,899)


(5,688)


Payment of severance benefits     

(1,831)


(6,012)


(6,679)


Other, net     

228


415


193









Net cash provided by (used in) operating activities     

(45,079)


5,165


87,743


Cash flows from investing activities







Proceeds from settlement of hedge collateral               

12,427


15,232


5,214


Payment of hedge collateral


(15,282)


(3,349 )


Proceeds from disposal of property, plant and equipment


550


1,446


Purchase of property, plant and equipment  

(11,582)


(23,394)


(32,212 )


Payment for intellectual property registration              

(89)


(390)


(614 )


Collection of guarantee deposits  



3,192


Payment of guarantee deposits    

(306)


(2,381)


(5,001 )


Other, net     

495


737


(114 )









Net cash provided by (used in) investing activities

945


(24,928)


(31,438 )


Cash flows from financing activities







Proceeds from exercise of stock options     


1,786


4,279


Acquisition of treasury stock       

(8,895)


(13,960)


(1,653 )


Acquisition of stock under accelerated stock repurchase agreement



(20,073)


Payment under accelerated stock repurchase agreement



(17,427)


Repayment of financing related to water treatment facility arrangement      

(119)


(500)


(563 )


Others

(20)


(70)


(107)









Net cash used in financing activities       

(9,034)


(12,744)


(35,544 )


Effect of exchange rates on cash and cash equivalents           

27,814


(21,563)


(21,154 )









Net decrease in cash and cash equivalents              

(25,354)


(54,070)


(393 )


Cash and cash equivalents







Beginning of the period          

250,831


279,547


279,940









End of the period    

$       225,477


$    225,477


$   279,547
























« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9  Next Page »



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us
ShareCG™ is a trademark of Internet Business Systems, Inc.

Report a Bug Report Abuse Make a Suggestion About Privacy Policy Contact Us User Agreement Advertise