| Mar'12 | Mar'11 | |||||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net income | ||||||
47,403 | 25,953 | |||||
Adjustments required to reconcile net income to net cash provided by operating activities: | ||||||
Depreciation and amortization | ||||||
4,598 | 4,709 | |||||
Change in deferred charges and other assets | ||||||
8 | 5 | |||||
Share-based compensation expense | ||||||
- | 20 | |||||
Accrued severance pay and other long-term liabilities, net | ||||||
-210 | - | |||||
Change in derivative instruments, net | ||||||
3,392 | 831 | |||||
Effect of exchange differences on intercompany balances | ||||||
-2,104 | -368 | |||||
Decrease in long-term debt due to currency fluctuations | ||||||
814 | 1,136 | |||||
Deferred income taxes, net | ||||||
4,075 | 3,917 | |||||
(Increase) decrease in trade receivables, net | ||||||
-9,879 | 8,270 | |||||
Decrease (increase) in other receivables, prepaid expenses and other | ||||||
535 | 2,088 | |||||
Increase in inventories, net | ||||||
1,583 | 1,592 | |||||
Decrease in long-term receivables, prepaid expenses and other | ||||||
-53 | -73 | |||||
Decrease (increase) in income tax receivables | ||||||
- | -158 | |||||
Increase (decrease) in trade payables | ||||||
-521 | 939 | |||||
Decrease in other accounts payable and accrued expenses | ||||||
3,241 | 1,615 | |||||
Increase (decrease) in income tax payables | ||||||
12,138 | -777 | |||||
Loss on sale of long-lived assets | ||||||
-22 | - | |||||
Accrued severance pay and other long-term liabilities, net | ||||||
- | 241 | |||||
Net cash provided by operating activities | ||||||
78,094 | 24,358 | |||||
Cash flows from investing activities: | ||||||
Purchase of property, plant and equipment | ||||||
1,610 | 887 | |||||
Proceeds from (investment in) short-term bank deposits, net | ||||||
-18,045 | 10,105 | |||||
Proceeds from restricted bank deposits | ||||||
4,014 | - | |||||
Proceeds from (investment in) long-term deposits and other assets | ||||||
-18 | - | |||||
(Investment in) proceeds from marketable securities, net | ||||||
-4,909 | - | |||||
Proceeds from sale of long-lived assets | ||||||
28 | - | |||||
Net cash used in investing activities | ||||||
15,586 | -10,992 | |||||
Cash flows from financing activities: | ||||||
Proceeds from issuance of shares, net | ||||||
7 | 8,554 | |||||
Repayment of short-term bank debt, net | ||||||
- | 2,428 | |||||
Proceeds from long-term debt | ||||||
6,595 | -9 | |||||
Net cash used in financing activities | ||||||
-6,588 | 10,991 | |||||
Effect of exchange rate changes on cash and cash equivalents | ||||||
1,173 | 371 | |||||
(Decrease) increase in cash and cash equivalents | ||||||
88,265 | 24,728 | |||||
Supplemental disclosure of cash flow transactions: | ||||||
Cash paid during the year for: | ||||||
Interest | ||||||
216 | 95 | |||||
Income taxes | ||||||
1,039 | 3,140 | |||||
Non-cash investing transactions: | ||||||
Purchase of property, plant and equipment included in accounts payable | ||||||
633 | 464 | |||||