Cimatron Reports Record Second Quarter in all Major Parameters in Q2/2014

 

 

CIMATRON LIMITED

STATEMENTS OF CASH FLOWS

(US Dollars in thousands)












six months ended





June 30,





2014


2013








Cash flows from operating activities:




Net income



$        1,954


$        1,603








Adjustments to reconcile net income 




   to net cash provided by operating activities:




Depreciation and amortization


475


557

Increase in accrued severance pay

142


232

Stock based compensation


308


-

Deferred taxes, net



(178)


(90)








Changes in assets and liabilities:




Decrease (increase) in accounts receivable and prepaid expenses

1,910


(258)

Increase in inventory



(1)


(8)

Increase in deposits with insurance companies and severance pay fund

(95)


(122)

Increase in trade payables, accrued expenses and other liabilities

3,132


1,264

Net cash provided by operating activities

7,647


3,178








Cash flows from investing activities:




Proceeds from sale of property and equipment

-


9

Purchase of property and equipment

(175)


(83)

Net cash used in investing activities

(175)


(74)















Cash flows from financing activities:




Short-term bank credit


8


2,499

Purchase of non-controlling interest

(92)


-

Cash distribution to shareholders




-


(7,916)

Proceeds from issuance of restricted shares

1


47

Net cash used in financing activities

(83)


(5,370)















Net increase (decrease) in cash and cash equivalents

7,389


(2,266)

Effect of exchange rate changes on cash

(14)


(60)

Cash and cash equivalents at beginning of period

13,052


11,903

Cash and cash equivalents at end of period

$      20,427


$        9,577















Appendix A - Non-cash transactions




                   Purchase of property on credit

$            54


$           122


« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7  Next Page »



Review Article Be the first to review this article


Featured Video
Latest Blog Posts
Jim SparksGISCafe Guest
by Jim Sparks
Maps are (Still) Important Again
Jobs
Applications Programmer Analyst II for Southern Nevada Health District at Las Vegas, Nevada
Applications Programmer Analyst I for Southern Nevada Health District at Las Vegas, Nevada
GIS Project Manager for VHB at Wethersfield, Connecticut
Upcoming Events
Smart GEO Expo 2020 at COEX Hall C Republic of Korea Seoul Korea (South) - Aug 19 - 21, 2020
Defense Services Asia (DSA) 2020 at Kuala Lumpur Malaysia - Aug 24 - 27, 2020
IWCE 2020 Conference at Las Vegas Convention Center LAS VEGAS NV - Aug 24 - 28, 2020
ENVI Analytics Symposium (Virtual EAS) at CO - Aug 25 - 27, 2020
University of Denver GIS Masters Degree Online
UAV Expo2020 -Register   & save



© 2020 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise