| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||
Net loss | ||||||||||
-1,190 | -1,957 | -3,003 | 4,813 | 1,562 | 3,602 | 2,676 | -8,042 | -16,242 | -7,425 | -8,436 |
Adjustments required to reconcile net loss to net cash provided by (used in) operating activities: | ||||||||||
Depreciation | ||||||||||
1,517 | 1,593 | 1,781 | 1,704 | 1,356 | 1,290 | 1,994 | 3,168 | 4,244 | 5,732 | 7,216 |
Equity-based compensation expenses related to employees’ stock options, SARs and RSUs | ||||||||||
7,631 | 6,804 | 5,861 | 5,088 | 5,092 | 5,359 | 4,159 | 4,983 | 6,220 | 9,553 | 11,100 |
Realized losses (gains) from sale of marketable securities, net | ||||||||||
-73 | -41 | -50 | -17 | -24 | 61 | 1,009 | 670 | 155 | 67 | 933 |
Capital loss (gain) from sale and disposal of property and equipment | ||||||||||
-9 | - | -19 | -10 | -4 | 0 | - | 57 | -22 | 40 | -38 |
Operating lease right-of-use asset amortization expenses | ||||||||||
1,347 | - | - | - | - | - | - | - | - | - | - |
Change in operating lease liability | ||||||||||
562 | - | - | - | - | - | - | - | - | - | - |
Amortization of intangible assets | ||||||||||
417 | 1,700 | 1,700 | 1,457 | 1,284 | 1,573 | 1,672 | 2,310 | 7,972 | 9,975 | 12,258 |
Write-off of expired option related to investment in other company | ||||||||||
- | - | - | - | 400 | 0 | - | - | - | - | - |
Accrued interest and amortization of premium on marketable securities and deposits | ||||||||||
337 | 601 | 372 | 610 | 847 | 1,214 | 747 | 1,295 | 1,267 | 531 | 496 |
Gain from remeasurement to fair value of investment as a result of business combination | ||||||||||
- | - | - | - | - | - | - | - | 1,343 | - | - |
Change in operating assets and liabilities: | ||||||||||
Deferred income tax assets and liabilities, net | ||||||||||
2,833 | 2,814 | 459 | -320 | 756 | 1,170 | 377 | 12 | -32 | -65 | 308 |
Trade receivables, net | ||||||||||
1,916 | 107 | -5,728 | -168 | -945 | -704 | 767 | -5,281 | 562 | -3,010 | -11,388 |
Other accounts receivable and prepaid expenses | ||||||||||
-817 | 76 | 1,142 | -953 | 987 | -719 | -536 | -2,175 | -502 | -8,019 | -5,432 |
Inventories | ||||||||||
-2,345 | 431 | -363 | -1,702 | -4,131 | 3,333 | -587 | -3,535 | -2,395 | 6,505 | -1,642 |
Long-term prepaid expenses and lease deposits | ||||||||||
28 | 159 | 212 | 166 | 31 | 1,052 | -153 | -264 | -175 | 39 | -46 |
Trade payables | ||||||||||
-1,197 | 927 | -3,893 | -575 | -2,180 | 1,142 | 121 | -3,965 | -1,216 | 903 | 7,130 |
Accrued compensation and benefits | ||||||||||
2,515 | 1,598 | 1,878 | 2,566 | 184 | 1,323 | 3,952 | 1,277 | -1,562 | 3,044 | 533 |
Income tax accruals | ||||||||||
1,653 | 180 | 39 | -724 | 800 | -730 | 54 | -705 | -1,179 | -390 | -12,941 |
Accrued expenses and other accounts payable | ||||||||||
-573 | 767 | -704 | -1,379 | -499 | -289 | -989 | -567 | -463 | -4,085 | -1,068 |
Accrued severance pay, net | ||||||||||
84 | -8 | 117 | -91 | 55 | 58 | -228 | -65 | -783 | 32 | 328 |
Accrued pensions | ||||||||||
26 | 32 | 18 | 42 | -7 | 30 | -31 | - | 78 | 20 | -282 |
Decrease in related party receivable/payable | ||||||||||
- | - | - | - | - | - | - | - | - | - | 7,658 |
Net cash provided by (used in) operating activities | ||||||||||
10,472 | 8,691 | 8,513 | 16,515 | 12,224 | 10,379 | 13,250 | 10,205 | -598 | 22,333 | 26,597 |
Cash flows from investing activities: | ||||||||||
Purchase of marketable securities | ||||||||||
57,558 | 27,564 | 38,924 | 47,934 | 35,475 | 70,517 | 67,850 | 75,483 | 73,002 | 95,510 | 48,042 |
Proceeds from maturity of marketable securities | ||||||||||
44,396 | 20,501 | 21,499 | 35,090 | 20,127 | 23,250 | 18,325 | 25,911 | 68,072 | 35,180 | 22,705 |
Proceeds from sales of marketable securities | ||||||||||
25,064 | 5,113 | 19,226 | 14,277 | 13,238 | 46,491 | 42,949 | 39,063 | 11,910 | 25,352 | 17,206 |
Purchase of short-term deposits | ||||||||||
15,942 | 8,668 | 10,884 | 7,601 | 5,563 | 2,561 | 2,849 | - | 13,000 | - | 38,102 |
Proceeds from redemption of short-term deposits | ||||||||||
14,420 | 5,668 | 8,309 | 5,601 | 2,589 | 2,561 | 2,849 | 15,643 | 10,000 | 12,500 | 15,550 |
Purchases of property and equipment | ||||||||||
5,638 | 1,181 | 838 | 2,103 | 2,297 | 1,315 | 1,118 | 1,094 | 2,317 | 3,463 | 4,527 |
Acquisition of initially consolidated subsidiary (1) | ||||||||||
- | - | - | 494 | 0 | 0 | - | - | 8,320 | - | 0 |
Proceeds from sale of fixed assets | ||||||||||
51 | - | - | 9 | 0 | 0 | - | 81 | 59 | 48 | - |
Other investing activities | ||||||||||
518 | 104 | - | - | - | - | - | - | - | - | - |
Investment in other company | ||||||||||
- | - | - | - | - | - | 2,200 | - | - | - | 2,200 |
Decrease (increase) in restricted deposits | ||||||||||
- | - | - | - | -455 | 556 | - | 2,670 | - | - | - |
Net cash provided by investing activities | ||||||||||
4,275 | -6,235 | -1,612 | -3,155 | -6,926 | -2,647 | -9,894 | 1,451 | -6,598 | -25,893 | -37,410 |
Cash flows from financing activities: | ||||||||||
Issuance of common stock and treasury stock upon exercise of stock options | ||||||||||
1,351 | 738 | 1,509 | 1,457 | 1,242 | 1,758 | 1,984 | - | 367 | 322 | - |
Repayment of short-term loan | ||||||||||
- | - | - | 168 | 0 | 0 | - | - | - | - | - |
Purchase of treasury stock | ||||||||||
- | 12,343 | 4,465 | 10,727 | 13,206 | 12,484 | 3,490 | 8,060 | 8,749 | 862 | 20,028 |
Net cash provided by (used in) financing activities | ||||||||||
1,351 | -11,605 | -2,956 | -9,438 | -11,964 | -10,726 | -1,506 | -8,060 | -8,382 | -540 | -20,028 |
Increase (decrease) in cash and cash equivalents | ||||||||||
16,098 | -9,149 | 3,945 | 3,922 | -6,666 | -2,994 | 1,850 | 3,596 | -15,578 | -4,100 | -30,841 |
Erosion due to exchange rate differences | ||||||||||
- | -60 | 81 | 28 | -174 | -40 | 44 | -21 | -225 | 26 | -59 |
Supplemental disclosures of cash flows activities: | ||||||||||
Cash paid for income taxes | ||||||||||
495 | 902 | 219 | 1,018 | 134 | 131 | 149 | 149 | 332 | 424 | 2,457 |
Cash received for income taxes | ||||||||||
702 | - | - | - | - | - | - | - | - | - | - |
Net lease liabilities arising from obtaining right-of-use asset | ||||||||||
1,114 | - | - | - | - | - | - | - | - | - | - |