| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||
Net income | ||||||||
5,612 | 4,203 | 5,018 | 5,483 | 2,185 | 4,278 | 4,291 | 4,856 | 19,787 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
Auction rate securities settlement | ||||||||
- | - | - | - | - | - | - | - | -18,500 |
Depreciation and amortization | ||||||||
104 | 161 | 173 | 233 | 250 | 270 | 295 | 582 | 778 |
Financial loss (income) from available for sale securities | ||||||||
- | - | - | - | - | - | -47 | - | - |
Deferred income taxes, net | ||||||||
63 | 146 | -46 | 101 | -157 | 138 | -277 | 0 | 113 |
Accrued severance pay | ||||||||
-145 | -123 | 105 | 68 | 77 | 147 | -138 | - | - |
Foreign currency exchange rate loss from marketable securities - available-for-sale | ||||||||
0 | -128 | 0 | 0 | - | - | - | - | - |
Impairment of auction rate securities | ||||||||
- | - | - | - | - | - | - | - | 941 |
Impairment of goodwill | ||||||||
- | - | - | - | - | - | - | 586 | 0 |
Impairment of intangible asset | ||||||||
- | - | - | - | - | - | - | 407 | 0 |
Unrealized loss from marketable securities, net | ||||||||
-30 | -23 | -98 | 26 | -6 | 0 | 0 | 0 | 0 |
Accrued severance pay | ||||||||
- | - | - | - | - | - | - | 134 | 39 |
Capital gain on sale of property and equipment, net | ||||||||
- | - | - | - | 5 | -14 | 19 | 15 | 10 |
Employees share-based compensation | ||||||||
182 | 136 | 138 | 72 | 58 | 80 | 61 | 139 | 143 |
Gain on disposal of subsidiary | ||||||||
893 | 0 | 0 | - | - | - | - | - | - |
Stock- based compensation granted to a customer (deducted from revenues) | ||||||||
- | - | - | - | - | - | 332 | 0 | 0 |
Realized loss (gain) on sale of marketable securities - available-for-sale, net | ||||||||
-25 | 44 | 0 | 9 | -1 | -21 | -61 | 0 | 0 |
Changes in operating asset and liability items: | ||||||||
Decrease (increase) in accounts receivable: | ||||||||
Trade | ||||||||
141 | -1,145 | -352 | 1,354 | 390 | -913 | 168 | 352 | -2,265 |
Other | ||||||||
680 | -37 | -21 | 70 | 15 | -149 | 167 | -44 | -51 |
Decrease (increase) in prepaid expenses and deferred cost of revenues | ||||||||
28 | 9 | -95 | 77 | -351 | -456 | 705 | 74 | -270 |
Decrease in inventories | ||||||||
-1 | -4 | -1 | 0 | -3 | -16 | -1 | -4 | -2 |
Increase (decrease) in accounts payable and accruals: | ||||||||
Trade | ||||||||
62 | -186 | 99 | -387 | 412 | -639 | 505 | -207 | -19 |
Other | ||||||||
-396 | -1,031 | -42 | 1,153 | 1 | -65 | -22 | -336 | -169 |
Increase (decrease) in deferred revenues | ||||||||
-1,050 | 654 | 285 | -1,346 | 2,413 | -842 | 288 | 536 | 677 |
Net cash provided by operating activities | ||||||||
2,746 | 5,244 | 6,297 | 3,841 | 5,190 | 4,936 | 4,385 | - | - |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||
Net cash provided by operating activities | ||||||||
- | - | - | - | - | - | - | 6,304 | 6,266 |
Proceeds from settlement of auction rate securities | ||||||||
- | - | - | - | - | - | - | - | 18,500 |
Investment in marketable securities - available-for-sale | ||||||||
0 | 1,000 | 0 | 1,664 | 0 | 0 | 2,505 | 0 | 0 |
Proceeds from sales of marketable securities - available-for-sale | ||||||||
326 | 1,730 | 0 | 522 | 0 | 444 | 1,445 | 0 | 0 |
Purchase of property and equipment | ||||||||
71 | 68 | 146 | 201 | 240 | 169 | 401 | 171 | 367 |
Severance pay funds | ||||||||
-93 | -82 | 32 | 109 | 162 | 174 | -191 | 208 | 416 |
Proceeds from (investment in) short-term bank deposits | ||||||||
1,170 | 3,535 | -3,053 | - | - | - | - | - | - |
Proceeds from (investment in) marketable securities | ||||||||
1,124 | -344 | 210 | - | - | - | - | - | - |
Proceeds from sale of subsidiary | ||||||||
1,169 | 0 | 0 | - | - | - | - | - | - |
Proceeds from (investment in) short-term bank deposits | ||||||||
- | - | - | -3,746 | 2,559 | 1,258 | 1,393 | 722 | 2,183 |
Realization of short-term bank deposits | ||||||||
- | - | - | - | 0 | 0 | - | - | - |
Proceeds from (investment in) marketable securities | ||||||||
- | - | - | 2,176 | 2,842 | 0 | 0 | - | - |
Proceeds from sale of property and equipment | ||||||||
- | - | - | - | 26 | 84 | 79 | 40 | 194 |
Net cash provided by (used in) investing activities | ||||||||
-777 | -2,447 | 2,665 | 118 | -5,777 | -1,073 | -2,584 | - | - |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||
Net cash used in investing activities | ||||||||
- | - | - | - | - | - | - | -1,061 | 15,728 |
Cost of acquisition of treasury shares | ||||||||
- | - | - | - | - | - | - | - | 1,169 |
Employee stock options exercised and paid | ||||||||
53 | 85 | 171 | 424 | 73 | 41 | 399 | 75 | 0 |
Dividend paid | ||||||||
6,173 | 5,192 | 5,758 | 4,544 | 4,532 | 4,505 | 5,968 | 3,686 | 14,780 |
Net cash used in financing activities | ||||||||
-6,120 | -5,107 | -5,587 | -4,120 | -4,459 | -4,464 | -5,569 | - | - |
Net cash used in financing activities | ||||||||
- | - | - | - | - | - | - | -3,611 | -15,949 |
TRANSLATION ADJUSTMENTS ON CASH AND CASH EQUIVALENTS | ||||||||
- | - | - | 49 | -52 | 45 | 52 | -45 | 228 |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | ||||||||
-4,151 | -2,310 | 3,375 | -112 | -5,098 | -556 | -3,716 | 1,587 | 6,273 |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW AND NON-CASH ACTIVITIES- | ||||||||
Taxes paid | ||||||||
935 | 841 | 414 | 1,266 | 95 | 113 | 72 | 190 | 85 |
Supplier credit granted to the company for property and equipment investments | ||||||||
- | - | - | - | - | - | 39 | 0 | 0 |