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ACTIONS SEMICONDUCTOR CO., LTD. | |||||
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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS | |||||
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(in thousands of U.S. dollars) | |||||
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Three months ended |
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Six months ended |
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Six months ended |
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June 30, |
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June 30, |
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June 30, |
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|
2015 |
|
2015 |
|
2014 |
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|
(unaudited) |
|
(unaudited) |
|
(unaudited) |
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Operating activities: |
|
|
|
|
|
|
Net Loss |
(3,686) |
|
(8,683) |
|
(8,962) |
|
Adjustments to reconcile net loss to net cash provided by |
|
|
|
|
|
|
Operating activities: |
|
|
|
|
|
|
Depreciation of property, plant and equipment |
465 |
|
940 |
|
1,005 |
|
Allowance for doubtful accounts receivable |
- |
|
- |
|
185 |
|
Amortization of land use right |
10 |
|
19 |
|
18 |
|
Amortization of acquired intangible assets |
1,260 |
|
2,488 |
|
2,361 |
|
Utilization of subsidy from local authorities of Zhuhai, the People's |
|
|
|
|
|
|
Republic of China (the"PRC") |
(1,135) |
|
(1,135) |
|
- |
|
Gain on disposal of property, plant and equipment |
- |
|
- |
|
(3) |
|
Loss on disposal of intangible assets |
- |
|
- |
|
415 |
|
Share of net loss (income) of equity method investees |
110 |
|
137 |
|
(207) |
|
Share-based compensation |
74 |
|
79 |
|
11 |
|
Deferred taxes |
282 |
|
(61) |
|
(2,989) |
|
Dividend income from an other investment |
(488) |
|
(488) |
|
(423) |
|
Other-than-temporary impairment loss on an other investment |
117 |
|
117 |
|
- |
|
Changes in operating assets and liabilities: |
|
|
|
|
|
|
Accounts receivable |
(408) |
|
(409) |
|
352 |
|
Amount due from a related party |
(722) |
|
373 |
|
564 |
|
Amount due from an equity method investee |
(5) |
|
(12) |
|
(5) |
|
Inventories |
(580) |
|
(1,588) |
|
(7,423) |
|
Prepaid expenses and other current assets |
(1,733) |
|
(2,911) |
|
44 |
|
Accounts payable |
2,025 |
|
2,858 |
|
1,343 |
|
Accrued expenses and other current liabilities |
98 |
|
(1,116) |
|
(1,380) |
|
Amount due to a related party |
(33) |
|
(130) |
|
- |
|
Income tax recoverable |
191 |
|
32 |
|
(20) |
|
Rental deposit received (paid) |
7 |
|
(4) |
|
(2) |
|
Notes Receivable |
- |
|
161 |
|
- |
|
Net cash used in operating activities |
(4,151) |
|
(9,333) |
|
(15,116) |
|
|
|
|
|
|
|
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Investing activities: |
|
|
|
|
|
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Dividend income from an other investment |
488 |
|
488 |
|
- |
|
Investment in an equity method investee |
- |
|
- |
|
(9,016) |
|
Proceeds from redemption of marketable securities |
- |
|
- |
|
95,322 |
|
Purchase of marketable securities |
(3,491) |
|
(8,140) |
|
(48,394) |
|
Proceeds from disposal of property, plant and equipment |
- |
|
- |
|
19 |
|
Purchase of property, plant and equipment |
(416) |
|
(492) |
|
(783) |
|
Purchase of intangible assets |
(2,677) |
|
(2,788) |
|
(5,279) |
|
Decrease (increase) in restricted deposits |
119 |
|
(76) |
|
(5,720) |
|
Decrease (increase) in time deposit |
5,597 |
|
(30) |
|
- |
|
Deposit paid for acquisition of intangible assets |
- |
|
- |
|
(349) |
|
Proceeds from disposal of intangible assets |
- |
|
- |
|
24 |
|
Net cash (used in) provided by investing activities |
(380) |
|
(11,038) |
|
25,824 |
|
|
|
|
|
|
|
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Financing activities: |
|
|
|
|
|
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Advance subsidy from local authorities of Zhuhai, the PRC |
269 |
|
269 |
|
- |
|
Proceeds from exercise of share based awards |
570 |
|
717 |
|
1,653 |
|
Repurchase of ordinary shares |
(881) |
|
(1,513) |
|
(2,589) |
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Raise of short-term bank loans |
- |
|
- |
|
10,000 |
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Repayment of short-term bank loans |
- |
|
- |
|
(11,000) |
|
Net cash used in financing activities |
(42) |
|
(527) |
|
(1,936) |
|
|
|
|
|
|
|
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Net (decrease) increase in cash and cash equivalents |
(4,573) |
|
(20,898) |
|
8,772 |
|
|
|
|
|
|
|
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Cash and cash equivalents at the beginning of the period |
61,855 |
|
78,177 |
|
53,263 |
|
|
|
|
|
|
|
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Effect of exchange rate changes on cash |
68 |
|
71 |
|
(1,147) |
|
Cash and cash equivalents at the end of the period |
57,350 |
|
57,350 |
|
60,888 |
