EZchip Announces Fourth Quarter And Full Year 2014 Results

 

 

EZchip Semiconductor Ltd.

Selected Condensed Consolidated Cash Flow Data on a Non-GAAP Basis

(U.S. Dollars in thousands)

(Unaudited)




Three Months Ended


Twelve Months Ended



Dec. 31,


Sept. 30,


Dec. 31,


Dec. 31,


Dec. 31,



2014


2014


2013


2014


2013

Cash flows from operating activities:











Net income (loss)


$     (7,341)


$     4,199


$     6,513


$     9,158


$     21,698

Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:











Depreciation and Amortization


2,752


175


161


3,261


603

Decrease (increase) in trade and other receivables, net


 

(5,321)


 

5,315


 

1,026


 

(1,574)


 

(1,198)

Decrease (increase) in inventory


(152)


1,645


(678)


1,488


(1,446)

Increase (decrease) in trade payables and other accrued liabilities, net


 

(992)


 

(1,233)


 

2,199


 

(2,655)


 

3,990

Stock-based compensation

 


6,934


4,025


3,633


19,033


13,920

Net cash provided by (used in) operating activities


(4,120)


14,126


12,854


28,711


37,567












Cash flows from investing activities:











Purchase of property and equipment


(160)


(318)


(151)


(698)


(1,597)

Purchase of technology


(2,641)


--


(533)


(5,056)


(1,827)

Long term Investment and others


(31,580)


(10,000)


--


(41,580)


--

Net cash used in investing activities


(34,381)


(10,318)


(684)


(47,334)


(3,424)












Cash flows from financing activities:











Proceeds from exercise of options

 


1,117


498


79


2,019


1,363

Net cash provided by financing activities


1,117


498


79


2,019


1,363












Cash adjustment of marketable securities, net*


(299)


(85)


(14)


(504)


(609)












Increase (decrease) in cash, cash equivalents, marketable securities and deposits

 


 

(37,683)


 

4,221


 

12,235


 

(17,108)


 

34,897

Cash, cash equivalents, marketable securities and deposits at the beginning of the period


 

223,440


 

219,219


 

190,630


 

202,865


 

167,968

 

Cash, cash equivalents, marketable securities and deposits at the end of the period


 

 

$   185,757


 

 

$   223,440


 

 

$   202,865


 

 

$   185,757


 

 

$   202,865












* Including unrealized gain (loss) on marketable securities, accumulated interest accretion and amortization of discount and premium on marketable securities.

 

 

To view the original version on PR Newswire, visit: http://www.prnewswire.com/news-releases/ezchip-announces-fourth-quarter-and-full-year-2014-results-300034348.html

SOURCE EZchip Semiconductor Ltd.

Contact:
EZchip Semiconductor Ltd.
Web: http://www.ezchip.com



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