| Himax Technologies, Inc. | ||||||||||||
| Unaudited Condensed Consolidated Statements of Cash Flows | ||||||||||||
| (Amounts in Thousands of U.S. Dollars) | ||||||||||||
|
Three Months
Ended September 30, |
Three Months Ended
June 30 , | |||||||||||
|
2024
|
2023
|
2024
| ||||||||||
| Cash flows from operating activities: | ||||||||||||
| Profit for the period | $ | 12,755 | $ | 10,752 | $ | 29,707 | ||||||
| Adjustments for: | ||||||||||||
| Depreciation and amortization | 5,640 | 5,094 | 5,679 | |||||||||
| Share-based compensation expenses | 407 | 789 | 379 | |||||||||
| Changes in fair value of financial assets at fair value through profit or loss | (27 | ) | 432 | (98 | ) | |||||||
| Interest income | (2,297 | ) | (1,837 | ) | (3,044 | ) | ||||||
| Finance costs | 1,018 | 1,482 | 1,014 | |||||||||
| Income tax expense (benefit) | (5,174 | ) | 1,214 | 1,978 | ||||||||
| Share of losses of associates | 143 | 220 | 107 | |||||||||
| Inventories write downs | 2,269 | 5,263 | 2,892 | |||||||||
| Unrealized foreign currency exchange losses (gains) | 228 | (878 | ) | 628 | ||||||||
| 14,962 | 22,531 | 39,242 | ||||||||||
| Changes in: | ||||||||||||
| Accounts receivable (including related parties) | 8,548 | (9,468 | ) | (37,688 | ) | |||||||
| Inventories | 8,964 | 32,395 | (4,711 | ) | ||||||||
| Other receivable from related parties | 33 | (19 | ) | 81 | ||||||||
| Other current assets | (778 | ) | 4,157 | (81 | ) | |||||||
| Accounts payable (including related parties) | (26,101 | ) | (18,096 | ) | 35,172 | |||||||
| Other payable to related parties | (102 | ) | (329 | ) | 11 | |||||||
| Contract liabilities | 667 | (2,885 | ) | (1,820 | ) | |||||||
| Other current liabilities | (4,161 | ) | (2,145 | ) | 423 | |||||||
| Other non-current liabilities | (3,354 | ) | (9,697 | ) | 509 | |||||||
| Cash generated from operating activities | (1,322 | ) | 16,444 | 31,138 | ||||||||
| Interest received | 860 | 1,185 | 4,505 | |||||||||
| Interest paid | (1,018 | ) | (1,482 | ) | (1,014 | ) | ||||||
| Income tax paid | (1,658 | ) | (104 | ) | (7,680 | ) | ||||||
| Net cash provided by (used in) operating activities | (3,138 | ) | 16,043 | 26,949 | ||||||||
| Cash flows from investing activities: | ||||||||||||
| Acquisitions of property, plant and equipment | (2,551 | ) | (2,619 | ) | (4,582 | ) | ||||||
| Acquisitions of intangible assets | (9 | ) | (64 | ) | (26 | ) | ||||||
| Acquisitions of financial assets at amortized cost | (1,500 | ) | (675 | ) | (5,011 | ) | ||||||
| Proceeds from disposal of financial assets at amortized cost | 617 | 640 | 8,051 | |||||||||
| Acquisitions of financial assets at fair value through profit or loss | (27,934 | ) | (21,210 | ) | (33,774 | ) | ||||||
| Proceeds from disposal of financial assets at fair value through profit or loss | 33,036 | 21,217 | 25,468 | |||||||||
| Acquisitions of financial assets at fair value through other comprehensive income | - | - | (17,164 | ) | ||||||||
| Decrease in refundable deposits | 11,339 | 6,133 | 14 | |||||||||
| Cash received in advance from disposal of land | - | 2,821 | - | |||||||||
| Net cash provided by (used in) investing activities | 12,998 | 6,243 | (27,024 | ) | ||||||||
| Cash flows from financing activities: | ||||||||||||
| Payments of cash dividends | (50,670 | ) | (83,720 | ) | - | |||||||
| Payments of dividend equivalents | (233 | ) | (148 | ) | - | |||||||
| Purchases of subsidiaries shares from noncontrolling interests | - | - | (190 | ) | ||||||||
| Repayments of long-term unsecured borrowings | (1,500 | ) | (1,500 | ) | (1,500 | ) | ||||||
| Proceeds from short-term secured borrowings | 522,600 | 530,800 | 349,200 | |||||||||
| Repayments of short-term secured borrowings | (471,900 | ) | (447,100 | ) | (349,200 | ) | ||||||
| Pledge of restricted deposit | (50,700 | ) | (83,700 | ) | - | |||||||
| Payment of lease liabilities | (979 | ) | (1,205 | ) | (1,565 | ) | ||||||
| Guarantee deposits received (refunded) | - | 200 | (21,514 | ) | ||||||||
| Net cash used in financing activities | (53,382 | ) | (86,373 | ) | (24,769 | ) | ||||||
| Effect of foreign currency exchange rate changes on cash and cash equivalents | 985 | (81 | ) | (182 | ) | |||||||
| Net decrease in cash and cash equivalents | (42,537 | ) | (64,168 | ) | (25,026 | ) | ||||||
| Cash and cash equivalents at beginning of period | 236,676 | 211,425 | 261,702 | |||||||||
| Cash and cash equivalents at end of period | $ | 194,139 | $ | 147,257 | $ | 236,676 | ||||||
Himax Technologies, Inc. Reports Third Quarter 2024 Financial Results; Provides Fourth Quarter 2024 Guidance
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