CIMATRON LIMITED
STATEMENTS OF CASH FLOWS
(US Dollars in thousands)
Nine months
ended
September 30,
2011 2010
Cash flows from operating activities:
Net income $ 1,214 $ 517
Adjustments to reconcile net income
to net cash provided by operating
activities:
Depreciation and amortization 1,042 1,131
Decrease in accrued severance pay (56) (7)
Loss from sale of property and
equipment, net - 5
Stock option compensation - 45
Deferred taxes, net 561 176
Changes in assets and
liabilities:
Decrease in accounts receivable and
prepaid expenses 23 114
Decrease (increase) in
inventory (6) 3
Decerase (increase) in deposits with
insurance companies and severance pay
fund 130 (191)
Increase in trade payables, accrued
expenses and other liabilities 1,210 2,540
Net cash provided by operating
activities 4,118 4,333
Cash flows from investing activities:
Purchase of property and equipment (282) (271)
Net cash used in investing activities (282) (271)
Cash flows from financing activities:
Short-term bank credit (5) (367)
Long-term bank credit (35) (66)
Cash dividend paid (3,216) -
Proceeds from issuance of shares upon
exercise of options 733 11
Investment in treasury stock - (210)
Net cash provided by financing
activities (2,523) (632)
Net increase in cash and cash
equivalents 1,313 3,430
Effect of exchange rate changes on
cash 16 59
Cash and cash equivalents at
beginning of period 10,221 6,684
Cash and cash equivalents at end of
period $ 11,550 $ 10,173
Appendix A - Non-cash transactions
Purchase of property
on credit $ 119 $ 28
