Optibase ltd (OBAS)
CashFlow / Yearly
Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net income

1,172

2,120

1,171

5,445

3,624

4,055

1,799

4

60

Adjustments required to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

4,209

4,244

3,925

3,813

3,369

2,569

2,220

0

115

Gain on sale of real estate

-

-

-

2,709

0

0

-

-

-

Impairment of an investment in company

-

-

-

-

-

100

0

0

0

Stock-based compensation related to options and unvested shares

15

60

98

97

118

117

120

0

221

Gain from a bargain purchase

-

-

-

-

-

-

4,412

-

-

Gain from a bargain purchase

-

-

-

-

-

-

-

0

0

Decrease (Increase) in trade receivables

112

46

-111

61

134

-577

-1,216

0

0

Equity share in losses of associates, net

1,998

520

31

186

-

-

-

-

-

Equity share in losses of associates, net

-

-

-

-

-172

-32

0

0

-

Increase (decrease) in deferred tax liabilities

169

177

48

1,577

-44

-159

579

0

0

Decrease in other long-term liabilities

-

-

-

-

-1,254

-792

3,319

0

0

Decrease in other short-term liabilities

0

0

-538

-944

0

0

-

-

-

Decrease in land lease liabilities

-106

-107

-109

-187

-91

-81

0

0

-

Decrease (increase) in other accounts receivable and prepaid expenses

791

370

-1,070

1,174

-79

-1,073

-1,371

-0

218

Increase (decrease) in trade payables

-

-

-

-

-

-

-

-

29

Increase (decrease) in accrued expenses and other accounts payable

1,685

1,060

-1,687

1,737

1,615

-597

-3,200

-0

757

Net cash provided by continuing operations

7,901

7,304

4,024

4,626

7,542

7,212

1,905

0

492

Net cash used in discontinued operations

0

-48

-44

693

-123

-427

-70

-0

-3,349

Net cash provided by operating activities

7,901

7,256

3,980

5,319

7,419

6,785

1,835

0

-2,857

Loss from discontinued operations

-

-

-

-

-

-

-51

5

472

Income from continued operation

-

-

-

-

-

-

1,850

-0

-412

Cash flows from investing activities:
Purchase of equipment

-

-

-

-

-

-

5

0

0

Investment in short-term deposit

-

-

-

-

-

-

1,065

-3

3,750

Proceeds from (investment in) long-term lease deposits

-

-

-

-7

11

5

-101

0

-11

Investment in real estate property

2,195

2,450

2,215

1,093

5,795

-

-

-

-

Investment in real estate property

-

-

-

-

-

210

1,187

8

22,282

Sale of real estate property, net

-

-

-

6,169

0

0

-

-

-

Investment in other assets

-

-

-

-

-

-

-

-

659

Increase in restricted cash

292

0

0

-144

10

3

131

0

0

Proceeds from (investments in) associates, net

3,338

-2,749

-13,142

0

83

-8,025

0

-

-

Decrease (increase) in other long-term deposits

265

159

-2,616

0

0

-

-

-

-

Acquisition of Optibase Bavaria (b)

0

0

31,473

0

0

-

-

-

-

Acquisition of Eldista, net (b)

-

-

-

-

-

-

-

0

0

Investments in associates

-

-

-

-

-

-

-

0

-

Proceeds from sale of the Video activity

-

-

-

-

-

-

-

6

0

Net cash provided by (used in) investing activities from continuing operations

-

-

-

-

-

-

-

-

-26,680

Net cash provided by (used in) investing activities from discontinued operations

-

-

-

-

-

-

-

-

28,481

Net cash provided by (used in) investing activities

1,116

-5,040

-49,446

5,227

-5,733

-8,243

-22,971

1

1,801

Acquisition of Eldista, net (b)

-

-

-

-

-

-

20,684

-

-

Cash flows from financing activities:
Repayment of long-term bank loans and bonds

8,431

8,112

2,811

2,599

2,580

2,553

91,847

0

0

Issuance of shares capital

-

-

-

-

-

-

5,000

-

-

Issuance of ordinary shares in a private placement

-

-

-

-

-

-

-

0

0

Proceeds from bank loan

0

530

36,969

0

0

-

106,441

0

18,353

Proceeds from issuance of long-term bonds

0

0

15,045

0

0

-

-

-

-

Repayment of loan to non-controlling interests

-

-

-

-

-

53

5,618

0

0

Dividend paid to non-controlling interests

2,089

2,209

2,029

2,066

0

0

-

-

-

Proceeds from controlling shareholders' loan

5,118

0

0

-

-

-

-

-

-

Issuance of shares upon exercise of stock options

0

191

0

0

-

-

-

-

-

Net cash provided by (used in) financing activities

-5,402

-9,600

47,174

-

-

-

-

-

-

Net cash provided by (used in) financing activities

-

-

-

-4,665

-2,580

-2,606

13,976

-0

18,353

Exchange differences on balances of cash and cash equivalents

629

-398

-804

-1,790

563

261

-155

0

-32

Increase (decrease) in cash and cash equivalents

4,244

-7,782

904

4,091

-331

-3,803

-7,315

1

17,265

Supplemental cash flow activities:
Taxes

2,744

1,420

3,971

27

875

1,902

1,903

0

88

Interest

2,554

2,896

1,795

-

-

-

-

-

-

Interest paid

-

-

-

2,109

2,702

2,237

3,081

0

26

Working capital deficiency, net

-

-

-

-

-

-

-155

-

-

Building (including land)

-

-

-

-

-

-

161,451

-

-

In place leases, net

-

-

-

-

-

-

1,124

-

-

Deferred tax liabilities

-

-

-

-

-

-

15,282

-

-

Mortgage loan

-

-

-

-

-

-

92,705

-

-

Swap instruments

-

-

-

-

-

-

392

-

-

Land lease liability

-

-

-

-

-

-

7,311

-

-

Rent settlements with tenants

-

-

-

-

-

-

1,759

-

-

Gain from a bargain purchase

-

-

-

-

-

-

4,412

-

-

Non controlling interests

-

-

-

-

-

-

19,875

-

-

Net cash paid by the Company

-

-

-

-

-

-

20,684

-

-

Sale of real estate property

-

-

-

105

0

0

-

-

-

Acquisition of Optibase Bavaria:
Purchase of investments in consideration of issue of shares

-

-

-

-

7,153

0

0

-

-

Gain from a bargain purchase

-

-

-

-

-

-

-

0

0