| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | |||||||||||
Net Income (Loss) Attributable to Parent | |||||||||||
193,468 | 69,984 | 27,609 | 48,898 | 39,152 | 59,544 | 57,266 | -34,404 | 34,291 | 49,464 | 23,269 | 1,803 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
Depreciation | |||||||||||
19,200 | 18,900 | 18,400 | 16,812 | 16,464 | 15,884 | 16,088 | 15,256 | 15,372 | 12,341 | 9,667 | 8,879 |
Amortization of intangibles | |||||||||||
5,200 | 5,300 | 6,100 | 6,663 | 7,039 | 6,072 | 7,404 | 5,164 | 943 | 674 | 673 | 937 |
Charge related to SemiSouth (Note 12) | |||||||||||
- | - | - | - | - | - | - | 58,945 | 0 | 0 | - | - |
Intangible asset impairment loss | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 1,958 |
Loss on disposal of property and equipment | |||||||||||
-249 | -553 | -360 | -332 | -361 | -250 | 131 | 1 | 41 | 330 | 5 | 13 |
Gain on sale of asset held for sale | |||||||||||
- | - | - | - | - | - | 497 | 0 | 0 | - | - | - |
Stock-based compensation expense | |||||||||||
23,347 | 21,580 | 24,677 | 20,885 | 14,767 | 14,282 | 16,485 | 14,224 | 8,969 | 10,721 | 11,330 | 34,975 |
Amortization of premium (accretion of discount) on marketable securities | |||||||||||
192 | -227 | -1,100 | -555 | -1,063 | -1,694 | 789 | 850 | 1,627 | 1,765 | 319 | -755 |
Non-cash interest income from SemiSouth note | |||||||||||
- | - | - | - | - | - | - | 1,445 | 0 | 0 | - | - |
Deferred income taxes | |||||||||||
4,019 | -4,465 | 15,838 | -638 | -5,508 | 157 | -2,781 | 2,017 | 1,577 | 1,124 | 658 | 18 |
Excess tax benefit from employee stock plans | |||||||||||
- | - | - | - | - | 437 | 734 | 704 | 796 | 1,309 | 562 | 972 |
Tax shortfall associated with employee stock plans | |||||||||||
- | - | - | - | -189 | 815 | 1,284 | 1,303 | 2,201 | 2,891 | 1,403 | 2,170 |
Increase (decrease) in accounts receivable allowances | |||||||||||
57 | -28 | 209 | 207 | 127 | 70 | -127 | -24 | -61 | -27 | -4 | 124 |
Change in operating assets and liabilities: | |||||||||||
Accounts receivable | |||||||||||
13,259 | -5,754 | 10,479 | -751 | -4,144 | -2,133 | 4,936 | -5,313 | 3,621 | -16,236 | 8,709 | -1,055 |
Inventories | |||||||||||
9,523 | 23,770 | 4,523 | 630 | -13,500 | 21,703 | -2,375 | -18,026 | -10,037 | 33,588 | -2,136 | 8,928 |
Prepaid expenses and other assets | |||||||||||
2,132 | 1,495 | 17,646 | 2,524 | -3,342 | -8,211 | 1,523 | 11,008 | -1,619 | 8,515 | 10,110 | 3,672 |
Accounts payable | |||||||||||
-6,556 | 1,336 | 396 | 7,714 | -2,000 | 2,337 | 2,467 | 2,071 | -1,564 | -483 | 6,838 | -1,436 |
Deferred income on sales to distributors | |||||||||||
- | - | - | - | - | -505 | 4,177 | 2,276 | -4,338 | 3,180 | 4,243 | -428 |
Taxes payable and accrued liabilities | |||||||||||
-10,618 | 9,897 | -20,041 | 1,124 | 75 | 3,242 | -1,065 | 26,029 | -2,977 | -5,828 | -3,825 | -486 |
Net cash provided by operating activities | |||||||||||
224,499 | 83,964 | 82,039 | 97,901 | 92,187 | 85,562 | 98,671 | 51,830 | 69,192 | 59,972 | 44,971 | 36,201 |
CASH FLOWS FROM INVESTING ACTIVITIES: | |||||||||||
Purchases of property and equipment | |||||||||||
24,114 | 24,677 | 32,496 | 12,198 | 11,359 | 23,071 | 13,960 | 16,358 | 23,223 | 30,567 | 14,356 | 9,097 |
Acquisition of technology licenses | |||||||||||
1,026 | 900 | 0 | 0 | - | - | - | - | - | - | - | - |
Proceeds from sale of property and equipment | |||||||||||
- | - | - | - | - | - | 36 | 2 | 2,249 | 1,415 | 0 | - |
Proceeds from sale of assets held for sale | |||||||||||
- | - | - | - | - | - | 959 | 0 | 0 | - | - | - |
Investment in third party | |||||||||||
- | - | - | - | - | - | - | - | - | 1,831 | 0 | - |
Other assets | |||||||||||
- | - | - | - | - | 1,261 | 0 | 0 | 1,277 | 0 | 0 | - |
Payment for purchase of building (Note 14) | |||||||||||
- | - | - | - | 10,389 | 0 | 0 | - | - | - | - | - |
Payment for acquisition, net of cash acquired (Note 14) | |||||||||||
- | - | - | - | 15,549 | 0 | 0 | 115,720 | 6,914 | 8,598 | 0 | - |
Payment of guarantee of SemiSouth debt (Note 12) | |||||||||||
- | - | - | - | - | - | - | 15,200 | 0 | 0 | - | - |
Increase in financing lease receivables | |||||||||||
- | - | - | - | - | - | - | 420 | 8,116 | 0 | 0 | - |
Collections of financing lease receivables and other receivables | |||||||||||
- | - | - | - | - | - | 433 | 527 | 425 | 0 | 0 | - |
Loans to third parties (Notes 11) | |||||||||||
- | - | - | - | - | 6,600 | 0 | 18,000 | 3,000 | 6,750 | 0 | - |
Collection of loan to SemiSouth | |||||||||||
- | - | - | - | - | - | - | - | 3,000 | 0 | 10,000 | - |
Purchases of marketable securities | |||||||||||
207,240 | 62,833 | 151,663 | 188,654 | 29,748 | 45,269 | 109,482 | 0 | 42,176 | 27,224 | 60,461 | 29,172 |
Proceeds from sales and maturities of marketable securities | |||||||||||
70,334 | 157,551 | 149,443 | 83,423 | 59,309 | 38,052 | 31,350 | 40,463 | 26,725 | 27,010 | 6,849 | 108,373 |
Restricted cash | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -1,050 |
Net cash used in investing activities | |||||||||||
-162,046 | 69,141 | -34,716 | -117,429 | -7,736 | -38,149 | -90,664 | -124,706 | -52,307 | -46,545 | -57,968 | 71,154 |
CASH FLOWS FROM FINANCING ACTIVITIES: | |||||||||||
Issuance of common stock under employee stock plans | |||||||||||
9,908 | 9,353 | 10,020 | 13,059 | 12,580 | 13,855 | 30,239 | 21,952 | 22,210 | 26,263 | 20,353 | 23,880 |
Repurchase of common stock | |||||||||||
7,302 | 103,153 | 9,188 | 6,435 | 53,731 | 80,760 | 0 | 20,467 | 50,000 | 13,960 | 28,673 | 82,358 |
Payment for tender offer | |||||||||||
- | - | - | - | - | - | - | - | - | - | -9,048 | - |
Retirement of shares for income tax withholding | |||||||||||
- | - | - | - | - | - | - | - | - | 769 | 0 | - |
Payments of Dividends | |||||||||||
20,500 | 18,800 | 16,600 | 15,054 | 13,916 | 13,165 | 9,446 | 5,755 | 5,722 | 5,577 | 2,695 | 730 |
Proceeds from draw on line of credit | |||||||||||
0 | 8,000 | 5,000 | 0 | 0 | - | - | - | - | - | - | - |
Payments on line of credit | |||||||||||
0 | 8,000 | 5,000 | 0 | 0 | - | - | - | - | - | - | - |
Excess tax benefit from employee stock plans | |||||||||||
- | - | - | - | - | 437 | 734 | 704 | 796 | 1,309 | 562 | 972 |
Net cash used in financing activities | |||||||||||
-17,900 | -112,623 | -15,802 | -8,430 | -55,067 | -79,633 | 21,527 | -3,566 | -32,716 | 7,266 | -19,501 | -58,236 |
NET INCREASE IN CASH AND CASH EQUIVALENTS | |||||||||||
44,553 | 40,482 | 31,521 | -27,958 | 29,384 | -32,220 | 29,534 | -76,442 | -15,831 | 20,693 | -32,498 | 49,119 |
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES: | |||||||||||
Accrued payment for employee tender offer | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 9,048 |
Unpaid property and equipment | |||||||||||
4,355 | 1,818 | 4,913 | 1,825 | 1,472 | 1,733 | 2,862 | 1,008 | 3,497 | 5,369 | 785 | -37 |
Unpaid technology licenses | |||||||||||
0 | 100 | 0 | 0 | - | - | - | - | - | - | - | - |
Loan applied to CamSemi purchase price (Note 14) | |||||||||||
- | - | - | - | 6,600 | 0 | 0 | - | - | - | - | - |
Unpaid financing lease equipment | |||||||||||
- | - | - | - | - | - | - | - | 321 | 0 | 0 | - |
Fair value of SemiSouth purchase option (Note 12) | |||||||||||
- | - | - | - | - | - | - | 6,216 | 0 | 0 | - | - |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | |||||||||||
Conversion of notes receivable in connection with acquisition (Note 11) | |||||||||||
- | - | - | - | - | - | - | - | - | 1,752 | 0 | - |
Application of prepayment to acquisition (Note 11) | |||||||||||
- | - | - | - | - | - | - | - | - | 1,200 | 0 | - |
Conversion of notes receivable in connection with equity investment | |||||||||||
- | - | - | - | - | - | - | - | - | 5,169 | 0 | - |
Acquisition (Note 11) | |||||||||||
- | - | - | - | - | - | - | - | - | 6,955 | 0 | - |
Settlement of pre-existing arrangement in connection with acquisition | |||||||||||
- | - | - | - | - | - | - | - | - | 5,250 | 0 | - |
Cash paid for interest | |||||||||||
- | - | - | - | - | - | - | - | - | 3 | 397 | 9 |
Cash paid for income taxes, net | |||||||||||
21,327 | 7,437 | -1,571 | 6,613 | 473 | -3,121 | -4,137 | 46,689 | 1,233 | 3,018 | 150 | 5,283 |