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EZchip Semiconductor Ltd. Selected Condensed Consolidated Cash Flow Data on a Non-GAAP Basis (U.S. Dollars in thousands) (Unaudited) | ||||||||||||
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Three Months Ended |
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Six Months Ended | ||||||||
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June 30, |
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March 31, |
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June 30, |
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June 30, |
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June 30, | ||
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2015 |
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2015 |
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2014 |
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2015 |
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2014 | ||
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Cash flows from operating activities: |
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Net income (loss) |
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$ 5,419 |
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$ (8,266) |
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$ 6,214 |
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$ (2,847) |
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$ 12,300 | ||
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Adjustments to reconcile net income (loss) to net cash provided by operating activities: |
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Repayment of OCS grants* |
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-- |
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9,636 |
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-- |
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9,636 |
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-- | ||
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Depreciation and amortization |
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1,372 |
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1,783 |
|
166 |
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3,155 |
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334 | ||
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Decrease (increase) in trade and other receivables, net |
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2,351 |
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(1,105) |
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(97) |
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1,246 |
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(1,568) | ||
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Decrease (increase) in inventory |
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(1,640) |
|
879 |
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97 |
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(761) |
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(5) | ||
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Decrease in trade payables and other accrued liabilities, net |
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(2,024) |
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(29) |
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(266) |
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(2,053) |
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(430) | ||
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Stock-based compensation |
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4,885 |
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4,802 |
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4,149 |
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9,687 |
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8,074 | ||
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Net cash provided by operating activities |
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10,363 |
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7,700 |
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10,263 |
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18,063 |
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18,705 | ||
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Cash flows from investing activities: |
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Purchase of property and equipment |
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(240) |
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(83) |
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(24) |
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(323) |
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(220) | ||
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Purchase of technology |
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(250) |
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-- |
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(1,067) |
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(250) |
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(2,415) | ||
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Long term investment and others |
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(351) |
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-- |
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-- |
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(351) |
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-- | ||
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Net cash used in investing activities |
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(841) |
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(83) |
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(1,091) |
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(924) |
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(2,635) | ||
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Cash flows from financing activities: |
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Proceeds from exercise of options |
|
359 |
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317 |
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188 |
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676 |
|
404 | ||
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Purchase of treasury shares |
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(4,748) |
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-- |
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-- |
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(4,748) |
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-- | ||
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Net cash provided by (used in) financing activities |
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(4,389) |
|
317 |
|
188 |
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(4,072) |
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404 | ||
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Repayment of OCS grants* |
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-- |
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(9,636) |
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-- |
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(9,636) |
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-- | ||
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Cash adjustment of marketable securities, net** |
|
(274) |
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66 |
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(113) |
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(208) |
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(120) | ||
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Increase (decrease) in cash, cash equivalents, marketable securities and deposits |
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4,859 |
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(1,636) |
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9,247 |
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3,223 |
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16,354 | ||
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Cash, cash equivalents, marketable securities and deposits at the beginning of the period |
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184,121 |
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185,757 |
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209,972 |
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185,757 |
|
202,865 | ||
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Cash, cash equivalents, marketable securities and deposits at the end of the period |
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$ 188,980 |
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$ 184,121 |
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$ 219,219 |
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$ 188,980 |
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$ 219,219 | ||
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