Ceva inc (CEVA)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Cash flows from operating activities:
Net loss

-1,185

3,062

775

-1,512

-2,297

2,303

2,543

-2,090

-2,182

3,163

5,850

3,908

4,107

5,201

3,388

2,711

1,800

2,304

3,309

168

486

-1,934

656

-1,526

1,985

3,128

-323

2,175

1,705

2,755

2,594

3,479

4,857

4,853

4,935

4,123

4,651

Adjustments required to reconcile net loss to net cash provided by operating activities:
Depreciation

809

830

836

736

702

1,001

724

614

576

567

524

480

443

401

387

313

298

274

269

260

255

224

210

156

162

175

175

166

154

138

128

130

129

129

124

128

125

Amortization of intangible assets

653

753

834

289

289

304

303

276

359

309

309

309

309

309

309

309

309

324

325

324

325

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity-based compensation

3,107

2,871

2,752

2,679

2,416

2,284

2,467

2,845

2,771

2,347

2,219

2,178

1,949

1,588

1,565

1,609

1,474

1,220

1,119

827

849

1,028

1,122

1,348

1,513

1,496

1,760

1,346

1,318

1,395

1,366

1,077

1,245

1,618

1,415

1,171

954

Realized loss, net on sale of available-for-sale marketable securities

-2

10

-3

-11

-24

-37

-32

-2

4

-

7

-2

-38

7

0

14

-30

-4

-28

-33

-13

-9

-1

17

-1

78

62

96

143

93

-36

82

45

46

1

10

-3

Amortization of premiums on available-for-sale marketable securities

105

127

131

140

156

164

179

194

236

272

288

315

304

307

268

240

249

270

283

278

280

256

254

313

298

333

420

371

380

321

237

297

412

490

533

531

514

Unrealized foreign exchange (gain) loss

74

212

-299

-55

-107

-14

-63

-151

73

18

53

-2

-27

-104

-4

27

6

-24

20

-48

-185

-188

-379

-36

-1

65

4

23

-43

-35

-1

53

4

31

59

2

-46

Changes in operating assets and liabilities:
Trade receivables

-3,375

1,494

4,794

2,665

-6,802

2,121

6,036

-5,328

-2,366

3,605

2,496

-3,389

-1,266

-2,206

6,475

4,060

2,637

-5,069

-253

-1,986

3,029

63

2,870

2,012

-2,564

-3,505

-52

1,824

1,130

217

1,313

-777

363

631

863

2,450

-4,734

Prepaid expenses and other assets

1,595

2,712

-1,901

240

3,119

40

-80

2,276

1,619

-94

190

644

1,738

-781

-513

1,454

462

165

-1,254

-324

1,549

-550

-925

-799

1,455

-377

-536

-526

1,293

-187

-69

-743

143

-2,252

98

-1,339

155

Operating lease right-of-use assets

458

-378

-961

-226

284

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued interest on bank deposits

-439

-784

274

329

342

-86

110

207

326

-154

326

-209

-114

-200

-46

169

272

276

245

-173

-30

-654

266

153

-116

-749

309

333

352

440

492

417

493

319

294

699

-242

Deferred tax, net

-1,016

262

-3,122

-363

-371

-1,238

-272

-322

-355

-634

-251

-135

-355

-42

-245

29

-355

-501

-256

91

-547

3,096

-401

-272

108

-478

-258

-251

-204

-107

-134

-136

-279

-76

326

-1,433

-260

Trade payables

140

-636

935

-370

124

-331

24

431

102

-79

180

-65

-220

-560

45

-391

716

-182

-33

-374

428

-320

-139

259

-455

404

-538

119

-87

146

4

200

244

31

-250

453

-227

Deferred revenues

392

-1,124

2,407

-416

-782

-21

897

-2,256

574

125

886

-2,895

25

2,226

1,919

684

-1,334

718

-758

725

397

-634

1,445

-38

177

110

-26

56

-382

-2

-165

430

-472

-376

-2,196

3,270

-240

Accrued expenses and other payables

-526

126

-502

796

-551

309

-513

491

-780

843

77

490

-151

-215

-11

-344

293

11

223

-115

-277

82

452

-424

-298

396

1

-172

-619

652

-96

-2

-272

1,253

-191

-1,810

159

Accretion of contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

49

48

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued payroll and related benefits

-1,640

-2,805

-1,028

2,206

-1,429

-802

52

1,148

129

-3,339

-143

1,738

-63

-262

-700

516

540

-2,092

195

1,413

-1,195

-761

-2,017

2,144

-166

-1,005

-191

1,661

-1,033

-1,254

-378

1,908

-333

-

-

-

-

Operating lease liability

436

-343

-881

-240

298

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-226

879

-452

467

370

65

-378

36

-1,344

209

53

25

-30

-264

345

156

-84

168

247

750

-

-

-

-

Increase in income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

87

152

293

Excess tax benefit from equity-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

179

-

-

-

-

-38

-42

452

300

67

-556

1,443

336

Accrued severance pay, net

129

-51

-27

-8

95

66

-25

-93

267

-81

19

-67

108

-42

-31

1

206

12

-7

-24

203

-4

3

-15

70

-56

-16

-13

91

-41

13

-95

17

-120

216

-10

-1

Acquisition of subsidiary, net of cash acquired (Note 2)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

300

-

-

-

-

-

-

-

-

Net cash provided by operating activities

6,417

5,356

3,059

-3,409

4,668

4,530

281

2,018

1,783

6,771

7,146

4,263

6,289

12,493

3,261

-1,531

236

11,568

5,502

2,982

-672

3,041

4,727

-3,458

4,799

10,971

1,335

731

670

5,937

2,836

4,235

5,616

9,040

4,240

3,784

10,018

Cash flows from investing activities:
Acquisition of business

204

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of property and equipment

790

797

1,313

728

623

406

663

1,795

455

795

1,065

840

1,435

356

1,291

329

411

1,011

427

369

377

658

593

88

77

68

191

337

298

338

143

114

87

172

8

140

73

Purchase of intangible assets

-

-

-

-

-

0

270

840

850

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in bank deposits

8,893

26,000

8,000

1,500

3,846

0

10,200

10,110

1,286

16,270

0

9,757

21,000

-

-

-

-

7,000

765

23,468

22,095

11,947

0

18,175

21,389

9,190

0

10,000

21,000

30,091

6,000

10,604

18,000

39,209

3,000

11,000

11,500

Proceeds from bank deposits

10,893

-

-

-

-

10,827

11,000

9,767

1,298

17,400

0

16,550

10,500

11,981

10,500

14,000

1,113

0

0

25,791

21,660

19,965

341

4,000

21,000

11,275

6,097

16,034

18,444

42,568

5,280

17,349

11,724

-

-

-

-

Investment in available-for-sale marketable securities

13,108

8,446

13,710

0

5,028

4,150

1,682

4,329

9,505

18,414

8,643

17,129

10,696

11,039

9,228

7,836

15,434

3,605

3,500

19,332

3,363

14,045

5,592

8,692

10,084

5,633

12,810

25,887

20,430

27,996

12,500

7,469

12,898

7,899

6,792

10,634

16,966

Proceeds from maturity of available-for-sale marketable securities

5,426

0

380

591

2,917

0

730

5,630

3,762

1,210

4,191

1,652

2,243

706

755

3,586

2,975

403

2,645

994

350

450

583

300

700

928

1,905

1,937

3,916

2,653

3,180

3,367

5,783

8,084

4,612

3,380

13,097

Proceeds from sale of available-for-sale marketable securities

3,757

14,028

18,767

1,318

2,476

5,551

4,452

1,072

2,279

8,306

3,010

6,265

5,931

6,501

1,704

6,141

6,408

2,830

2,519

15,581

2,783

4,799

8,013

30,549

12,205

16,647

9,773

17,272

11,822

-

-

-

7,638

10,415

400

2,970

1,028

Payment of contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,000

2,700

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-2,919

6,831

-13,961

8,791

-4,104

11,822

3,367

-605

-4,757

-8,563

-2,507

-3,259

-14,457

-14,583

-7,560

6,462

-5,349

-8,383

583

-803

-1,042

-1,415

-9,726

7,894

2,355

13,959

4,140

-981

-7,846

-5,659

598

20,736

-5,840

-17,839

3,345

-10,349

-14,414

Cash flows from financing activities:
Purchase of treasury stock

4,780

4,252

0

2,325

2,536

3,266

6,308

8,975

1,459

-

-

-

-

0

0

0

3,417

1,922

2,813

3,426

1,917

0

4,385

10,145

4,127

12,627

2,338

2,849

2,002

3,516

2,859

11,258

9,535

-

-

-

-

Proceeds from exercise of stock-based awards

1,416

0

1,274

0

1,163

0

1,187

0

1,062

589

1,157

3,378

2,363

617

5,606

2,480

912

1,331

848

382

4,152

597

923

539

915

94

939

620

826

89

651

61

814

2,241

373

4,483

1,563

Proceeds from issuance of Common Stock under employee stock purchase plan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

646

0

590

Excess tax benefit from equity-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

179

-

-

-

-

-38

-42

452

300

67

-556

1,443

336

Net cash used in financing activities

-3,364

-4,252

1,274

-2,325

-1,373

-3,266

-5,121

-8,975

-397

589

1,157

3,378

2,363

617

5,606

2,480

-2,505

-591

-1,853

-4,044

-465

597

-3,462

-9,785

-3,033

-12,533

-1,399

-2,229

-1,176

-3,465

-2,250

-10,745

-8,421

1,072

463

5,926

2,489

Effect of exchange rate changes on cash and cash equivalents

-34

17

-48

1

18

-38

-15

-120

14

11

32

100

25

-124

27

-62

24

-1

0

-44

6

-99

-390

41

-37

113

-8

18

-70

-71

-11

-41

13

-14

268

-40

-133

Increase (decrease) in cash and cash equivalents

100

7,952

-9,676

3,058

-791

13,048

-1,488

-7,682

-3,357

-1,192

5,828

4,482

-5,780

-1,597

1,334

7,349

-7,594

2,593

4,232

-1,909

-2,173

2,124

-8,851

-5,308

4,084

12,510

4,068

-2,461

-8,422

-3,258

1,173

14,185

-8,632

-7,741

8,316

-679

-2,040

Supplemental information of cash-flow activities:
Income and withholding taxes

1,084

1,218

1,069

908

1,868

578

986

1,375

1,355

1,269

1,429

1,225

1,280

1,683

361

932

311

492

719

426

548

542

367

78

289

1,062

118

254

417

-

-

-

-

-

-

-

-

Non-cash transactions:
Cumulative effect of adoption of new accounting standard

-

-

-

-

-

0

0

0

8,555

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property and equipment purchases incurred but unpaid at period end

84

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible assets purchased but unpaid at period end

-

-

-

-

-

0

0

-600

1,350

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-