Himax Technologies, Inc. Reports Third Quarter 2024 Financial

Himax Technologies, Inc. Reports Third Quarter 2024 Financial Results; Provides Fourth Quarter 2024 Guidance

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

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 Next Page »