| Himax Technologies, Inc. | ||||||||
| Unaudited Condensed Consolidated Statements of Cash Flows | ||||||||
| (Amounts in Thousands of U.S. Dollars) | ||||||||
|
Nine Months
Ended September 30, | ||||||||
| 2024 | 2023 | |||||||
| Cash flows from operating activities: | ||||||||
| Profit for the period | $ | 54,739 | $ | 26,136 | ||||
| Adjustments for: | ||||||||
| Depreciation and amortization | 16,790 | 15,207 | ||||||
| Share-based compensation expenses | 1,144 | 2,317 | ||||||
| Changes in fair value of financial assets at fair value through profit or loss | (118 | ) | 55 | |||||
| Interest income | (7,865 | ) | (6,812 | ) | ||||
| Finance costs | 3,050 | 4,940 | ||||||
| Income tax expense (benefit) | (3,196 | ) | 2,905 | |||||
| Share of losses of associates | 471 | 584 | ||||||
| Inventories write downs | 9,514 | 15,813 | ||||||
| Unrealized foreign currency exchange gains | (12 | ) | (893 | ) | ||||
| 74,517 | 60,252 | |||||||
| Changes in: | ||||||||
| Accounts receivable (including related parties) | (13,436 | ) | 12,641 | |||||
| Inventories | 15,336 | 95,510 | ||||||
| Other receivable from related parties | 47 | 34 | ||||||
| Other current assets | 1,439 | 1,819 | ||||||
| Accounts payable (including related parties) | 22,273 | 8,303 | ||||||
| Other payable to related parties | (111 | ) | (631 | ) | ||||
| Contract liabilities | 39 | (36,093 | ) | |||||
| Other current liabilities | (11,518 | ) | (1,768 | ) | ||||
| Other non-current liabilities | (2,331 | ) | (4,995 | ) | ||||
| Cash generated from operating activities | 86,255 | 135,072 | ||||||
| Interest received | 6,219 | 5,902 | ||||||
| Interest paid | (2,968 | ) | (4,940 | ) | ||||
| Income tax paid | (8,947 | ) | (51,935 | ) | ||||
| Net cash provided by operating activities | 80,559 | 84,099 | ||||||
| Cash flows from investing activities: | ||||||||
| Acquisitions of property, plant and equipment | (9,832 | ) | (8,326 | ) | ||||
| Acquisitions of intangible assets | (153 | ) | (75 | ) | ||||
| Acquisitions of financial assets at amortized cost | (8,950 | ) | (2,338 | ) | ||||
| Proceeds from disposal of financial assets at amortized cost | 9,168 | 2,315 | ||||||
| Acquisitions of financial assets at fair value through profit or loss | (69,196 | ) | (77,253 | ) | ||||
| Proceeds from disposal of financial assets at fair value through profit or loss | 66,667 | 73,894 | ||||||
| Acquisitions of financial assets at fair value through other comprehensive income | (17,164 | ) | - | |||||
| Decrease (increase) in refundable deposits | 33,570 | (56,933 | ) | |||||
| Cash received in advance from disposal of land | - | 2,821 | ||||||
| Net cash provided by (used in) investing activities | 4,110 | (65,895 | ) | |||||
| Cash flows from financing activities: | ||||||||
| Payments of cash dividends | (50,670 | ) | (83,720 | ) | ||||
| Payments of dividend equivalents | (233 | ) | (148 | ) | ||||
| Proceeds from issuance of new shares by subsidiary | 71 | - | ||||||
| Purchases of subsidiaries shares from noncontrolling interests | (190 | ) | - | |||||
| Proceeds from short-term unsecured borrowings | - | 10,294 | ||||||
| Repayments of short-term unsecured borrowings | - | (10,000 | ) | |||||
| Repayments of long-term unsecured borrowings | (4,500 | ) | (4,500 | ) | ||||
| Proceeds from short-term secured borrowings | 1,318,900 | 956,200 | ||||||
| Repayments of short-term secured borrowings | (1,268,200 | ) | (872,500 | ) | ||||
| Pledge of restricted deposit | (50,700 | ) | (83,700 | ) | ||||
| Payment of lease liabilities | (3,692 | ) | (3,586 | ) | ||||
| Guarantee deposits received (refunded) | (23,382 | ) | 205 | |||||
| Net cash used in financing activities | (82,596 | ) | (91,455 | ) | ||||
| Effect of foreign currency exchange rate changes on cash and cash equivalents | 317 | (1,073 | ) | |||||
| Net increase (decrease) in cash and cash equivalents | 2,390 | (74,324 | ) | |||||
| Cash and cash equivalents at beginning of period | 191,749 | 221,581 | ||||||
| Cash and cash equivalents at end of period | $ | 194,139 | $ | 147,257 | ||||
