Chartered Reports Results for First Quarter 2007


      CHARTERED SEMICONDUCTOR MANUFACTURING LTD AND SUBSIDIARIES
      UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                     (In thousands of US Dollars)


                                            Determined in accordance
                                                   with US GAAP

                                            For The Three Months Ended
                                            --------------------------

                                             March 31,      March 31,
                                               2006           2007
                                            ------------   -----------
CASH FLOWS FROM OPERATING ACTIVITIES

Net income                                   $   21,975     $   5,339
Adjustments to reconcile net income to net
 cash provided by operating activities:
  Equity in income of SMP                       (10,170)       (5,278)
  Cash dividends received from SMP               10,513         8,376
  Depreciation and amortization                 131,605       119,301
  Foreign exchange loss, net                       (529)         (578)
  Gain on disposal of property, plant and
   equipment                                     (3,951)         (642)
  Others, net                                     9,860         2,646
Changes in assets and liabilities:
  Receivables                                   (12,498)       26,617
  Inventories                                   (20,278)      (13,311)
  Other current assets                           (2,886)       (3,623)
  Payables and other liabilities                  1,388       (13,588)
                                            ------------   -----------
Net cash provided by operating activities       125,029       125,259
                                            ------------   -----------

CASH FLOWS FROM INVESTING ACTIVITIES

Payments for property, plant and equipment      (65,683)     (286,787)
Payments for technology licenses                 (4,425)       (3,015)
Refundable deposits placed with a vendor        (15,000)            -
Refund of deposits placed with a vendor          35,000             -
Proceeds from sale of property, plant and
 equipment                                        8,586         4,551
Return of capital from SMP                        4,133         4,900
Others                                             (558)       (1,196)
                                            ------------   -----------
Net cash used in investing activities           (37,947)     (281,547)
                                            ------------   -----------

CASH FLOWS FROM FINANCING ACTIVITIES

Debt
  Repayments                                    (82,691)      (36,750)
Capital lease payments                           (1,409)         (980)
Receipts of refundable customer deposits         45,183             -
Refund of customer deposits                     (21,839)      (10,550)
Issuance of ordinary shares                           872                  1,422
(Increase)  decrease  in  cash  restricted  for
  debt  repayment                                                                        (638)                1,663
Others                                                                                        5,752                    (900)
                                                                                        ------------      -----------
Net  cash  used  in  financing  activities                      (54,770)            (46,095)
                                                                                        ------------      -----------

Effect  of  exchange  rate  changes  on  cash  and
  cash  equivalents                                                                      529                  1,847
Net  increase  (decrease)  in  cash  and  cash
  equivalents                                                                          32,841            (200,536)
Cash  and  cash  equivalents  at  the  beginning
  of  the  period                                                                    819,856              718,982
                                                                                        ------------      -----------
Cash  and  cash  equivalents  at  the  end  of  the
  period                                                                            $    852,697          $  518,446
                                                                                        ============      ===========
 



« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9  Next Page »

Rating:


Review Article Be the first to review this article
Featured Video
Jobs
Sr. Staff Design SSD ASIC Engineer for Toshiba America Electronic Components. Inc. at San Jose, CA
Development Engineer-WEB SKILLS +++ for EDA Careers at North Valley, CA
Technical Support Engineer for EDA Careers at Freemont, CA
Technical Marketing Manager Valley for EDA Careers at San Jose, CA
FAE FIELD APPLICATIONS SAN DIEGO for EDA Careers at San Diego, CA
Principal Engineer FPGA Design for Intevac at Santa Clara, CA
Upcoming Events
DVCon 2017 Conference at DoubleTree Hotel San Jose CA - Feb 27 - 2, 2017
IoT Summit 2017 at Great America ballroom, Santa Clara Convention Center Santa Clara CA - Mar 16 - 17, 2017
SNUG Silicon Valley 2017 at Santa Clara Convention Center Santa Clara CA - Mar 22 - 23, 2017
CDNLive Silicon Valley 2017 at Santa Clara Convention Center Santa Clara CA - Apr 11 - 12, 2017



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy