Himax Technologies, Inc. Reports Third Quarter 2024 Financial Results; Provides Fourth Quarter 2024 Guidance


Himax Technologies, Inc.
IFRS Unaudited Condensed Consolidated Statements of Financial Position
(Amounts in Thousands of U.S. Dollars)
 
   September 30,
2024
  September 30,
2023
  June 30,
2024
Assets      
Current assets:      
Cash and cash equivalents $194,139  $147,257  $236,676 
Financial assets at amortized cost  12,335   8,139   11,408 
Financial assets at fair value through profit or loss  -   -   5,713 
Accounts receivable, net (including related parties)  224,589   248,507   242,376 
Inventories  192,458   259,610   203,691 
Income taxes receivable   986       22       970  
Restricted deposit     503,700       453,000       453,000  
Other receivable from related parties     22       1,190       55  
Other current assets     42,581       102,652       54,463  
Total current assets     1,170,810       1,220,377       1,208,352  
Financial assets at fair value through profit or loss     26,383       18,655       25,697  
Financial assets at fair value through other  comprehensive income     22,457       289       27,974  
Equity method investments     2,945       5,801       3,034  
Property, plant and equipment, net     122,333       119,231       125,900  
Deferred tax assets     13,806       11,244       13,482  
Goodwill     28,138       28,138       28,138  
Other intangible assets, net     717       851       791  
Restricted deposit     31       31       31  
Refundable deposits     221,879       205,383       221,856  
Other non-current assets     18,484       7,734       19,611  
      457,173       397,357       466,514  
Total assets   $ 1,627,983     $ 1,617,734     $ 1,674,866  
Liabilities and Equity            
Current liabilities:            
Short-term unsecured borrowings   $ -     $ 279     $ -  
Current portion of long-term unsecured borrowings     6,000       6,000       6,000  
Short-term secured borrowings     503,700       453,000       453,000  
Accounts payable (including related parties)     121,384       109,554       148,602  
Income taxes payable     2,324       19,061       8,669  
Other payable to related parties     -       1,937       102  
Contract liabilities-current     25,694       16,774       34,266  
Other current liabilities     54,673       89,342       112,831  
Total current liabilities     713,775       695,947       763,470  
Long-term unsecured borrowings     30,000       36,000       31,500  
Deferred tax liabilities     505       658       493  
Other non-current liabilities     11,361       47,454       15,060  
      41,866       84,112       47,053  
Total liabilities     755,641       780,059       810,523  
Equity            
Ordinary shares     107,010       107,010       107,010  
Additional paid-in capital     115,285       114,097       115,336  
Treasury shares     (4,714 )     (5,157 )     (5,157 )
Accumulated other comprehensive income     3,507       (715 )     8,688  
Retained earnings     644,596       622,077       631,573  
Equity attributable to owners of Himax Technologies, Inc.     865,684       837,312       857,450  
Noncontrolling interests     6,658       363       6,893  
Total equity     872,342       837,675       864,343  
  Total liabilities and equity   $ 1,627,983     $ 1,617,734     $ 1,674,866  
                         

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