| 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 | ||||||||
21,714 | 13,137 | 16,520 | 14,605 | 17,077 | 9,871 | 8,243 | 5,715 | 2,819 |
Adjustments required to reconcile net income to net cash provided by (used in) operating activities: | ||||||||
Depreciation and amortization | ||||||||
3,799 | 3,856 | 2,767 | 996 | 659 | 454 | 379 | - | - |
Depreciation | ||||||||
- | - | - | - | - | - | - | 416 | 437 |
Write down of obsolete inventory | ||||||||
2,918 | 3,170 | 219 | 1,029 | 1,926 | 873 | 768 | 780 | 860 |
Change in liability for Employees' severance benefits, net | ||||||||
171 | 126 | -112 | -86 | 174 | 23 | -42 | 58 | - |
Liability for employees' severance benefits, net | ||||||||
- | - | - | - | - | - | - | - | 23 |
Discount of marketable securities | ||||||||
217 | 358 | 561 | 758 | 729 | 579 | 462 | 467 | 169 |
Share based compensation expense | ||||||||
2,425 | 1,550 | 1,998 | 1,266 | 668 | 544 | 437 | 231 | 439 |
Deferred taxes income | ||||||||
453 | -260 | -907 | -219 | -552 | 22 | 86 | 156 | 19 |
Capital gain | ||||||||
0 | 0 | 3 | 0 | -1 | 0 | 6 | -2 | -14 |
Changes in assets and liabilities: | ||||||||
Accounts receivable - trade | ||||||||
13,237 | 4,007 | 4,850 | 3,248 | 2,322 | 3,741 | 1,780 | 1,573 | 323 |
Accounts receivable - other | ||||||||
2,475 | 1,832 | -127 | -188 | 114 | 537 | 717 | 184 | 18 |
Accounts receivable - related parties | ||||||||
208 | -56 | 83 | 6 | 139 | 37 | 71 | 17 | - |
Inventories | ||||||||
10,287 | 21,426 | 939 | -3,416 | 15,909 | 4,495 | 3,801 | 4,243 | 268 |
Trade accounts payable | ||||||||
1,698 | 1,809 | 234 | 1,321 | -1,474 | 3,828 | 250 | 1,467 | -420 |
Other accounts payable and accrued expenses | ||||||||
-1,144 | 1,098 | 853 | 649 | 1,220 | 1,436 | 508 | 51 | 53 |
Contingent consideration adjustments | ||||||||
-4,642 | -334 | -3,090 | 45 | 0 | 0 | - | - | - |
Accounts payable - related parties | ||||||||
6 | -8 | -8 | -30 | -26 | 69 | -25 | 25 | - |
Net cash provided by (used in) operating activities | ||||||||
- | - | - | 20,684 | - | - | - | - | - |
Net cash provided by operating activities | ||||||||
1,408 | -2,707 | 13,287 | - | 1,918 | 8,889 | 4,691 | 3,351 | 3,804 |
Cash flows from investing activities | ||||||||
Proceeds from short term bank deposits, net | ||||||||
0 | 0 | -4,000 | 1,000 | 473 | -2,483 | -4,199 | 1,956 | - |
Sale of property, plant and equipment | ||||||||
0 | 0 | 19 | 0 | 0 | - | - | - | - |
Proceeds from (investments in) short term bank deposits, net | ||||||||
- | - | - | - | - | - | - | - | 7,253 |
Purchases of property, plant and equipment | ||||||||
1,690 | 1,441 | 2,984 | 1,858 | 822 | 798 | 486 | 466 | 258 |
Investment in intangible assets | ||||||||
11 | 0 | 0 | 100 | 100 | 0 | 0 | - | - |
Proceeds from maturity of marketable securities | ||||||||
16,175 | 8,575 | 15,100 | 14,750 | 12,500 | 8,955 | 9,531 | 11,303 | - |
Purchases of marketable securities | ||||||||
5,961 | 0 | 12,935 | 11,740 | 11,384 | 17,992 | 13,071 | 12,972 | - |
Business acquisition, net of acquired cash (see Note 3) | ||||||||
0 | 0 | 10,000 | 10,048 | 0 | 0 | - | - | - |
Net cash provided by investing activities | ||||||||
- | - | - | -9,996 | - | - | - | - | - |
Proceeds from maturity of marketable securities | ||||||||
- | - | - | - | - | - | - | - | 10,300 |
Purchases of marketable securities | ||||||||
- | - | - | - | - | - | - | - | 14,572 |
Net cash provided by (used in) investing activities | ||||||||
8,513 | 7,134 | -6,800 | - | -279 | -7,352 | 173 | -4,091 | -11,783 |
Cash flows from financing activities | ||||||||
Exercise of options | ||||||||
2,651 | 952 | 943 | 1,353 | 1,893 | 277 | 164 | 259 | 633 |
Dividend | ||||||||
7,382 | 7,312 | 7,274 | 7,183 | 3,913 | 0 | 0 | - | - |
Payment made in connection with contingent consideration | ||||||||
0 | -4,463 | 0 | 0 | - | - | - | - | - |
Net cash used in financing activities | ||||||||
- | - | - | -5,830 | - | - | - | - | - |
Net cash provided by (used in) financing activities | ||||||||
-4,731 | -10,823 | -6,331 | - | -2,020 | 277 | 164 | 259 | 633 |
Effect of exchange rate changes on cash balances held | ||||||||
-86 | 135 | 132 | 35 | 72 | 9 | -202 | -115 | 31 |
Increase in cash and cash equivalents | ||||||||
5,104 | -6,261 | 288 | 4,893 | -309 | 1,823 | 4,826 | -596 | -7,315 |
Supplementary cash flow information A. Non-cash transactions: | ||||||||
Investments in PPE | ||||||||
119 | 39 | 72 | 87 | 207 | 9 | 80 | - | - |
Supplementary cash flow information B. Cash paid during the period for: | ||||||||
Income taxes | ||||||||
4,584 | 4,648 | 4,487 | 1,277 | 2,154 | 635 | 623 | 1,148 | 606 |