PMC-Sierra Reports Fourth Quarter 2009 Results

 
PMC-Sierra, Inc.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
(unaudited)
   
Twelve Months Ended
 
December 27, December 28,
2009 2008
  As adjusted *
 
Cash flows from operating activities:
Net income $ 46,877 $ 128,297

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization 56,577 59,796
Stock-based compensation 21,396 24,838
Unrealized foreign exchange (gain) loss, net 2,542 (8,362 )
Non-cash accretion of investment securities (359 ) -
Asset impairment - 4,300
Gain on repurchase of senior convertible notes, net - (14,980 )
Gain on disposal of property and equipment - (32 )
Loss on subleased facilities 538 -
 
Changes in operating assets and liabilities:
Accounts receivable (10,554 ) (829 )
Inventories 2,723 613
Prepaid expenses and other current assets 1,132 6,743
Accounts payable and accrued liabilities (2,531 ) (40,240 )
Deferred income taxes and income taxes payable 4,147 (70,491 )
Accrued restructuring costs (2,029 ) (4,720 )
Deferred income   1,298     (2,474 )
Net cash provided by operating activities   121,757     82,459  
 
Cash flows from investing activities:
Purchases of property and equipment (6,215 ) (6,802 )
Proceeds from sale of property and equipment 31 -
Purchases of intangible assets (1,590 ) (5,913 )
Redemption of short-term investments 186,443 -
Disposals of investment securities 59,298 -
Purchases of investment securities   (295,365 )   (209,685 )
Net cash used in investing activities   (57,398 )   (222,400 )
 
Cash flows from financing activities:
Repurchase of senior convertible notes - (139,341 )
Proceeds from issuance of common stock   28,293     16,510  
Net cash provided by (used in) financing activities   28,293     (122,831 )
 
Effect of exchange rate changes on cash and cash equivalents 2,350 (4,311 )
Net increase (decrease) in cash and cash equivalents 95,002 (267,083 )
Cash and cash equivalents, beginning of the year   97,839     364,922  
Cash and cash equivalents, end of the year $ 192,841   $ 97,839  

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



Review Article Be the first to review this article
Aldec

Featured Video
Editorial
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
Fall Schedule: A Host of Must-attends
More Editorial  
Jobs
DDR 3-4-5 Developer with VIP for EDA Careers at San Jose, CA
Senior Front-End RTL Design AE for EDA Careers at San Jose, CA
Senior Methodology Automation Engineer for EDA Careers at San Jose, CA
Senior R&D Engineer...Timing Closure Specialist for EDA Careers at San Jose or Anywhere, CA
Proposal Support Coordinator for Keystone Aerial Surveys at Philadelphia, PA
Upcoming Events
11th International Conference on Verification and Evaluation of Computer and Communication Systems at 1455 DeMaisonneuve W. EV05.139 Montreal Quebec Canada - Aug 24 - 25, 2017
The Rise of Mechatronics at Dassault Systèmes San Diego 5005 Wateridge Vista Drive San Diego CA - Sep 12, 2017
The Rise of Mechatronics at Buca di Beppo - Pasadena 80 West Green Street Pasadena CA - Sep 13, 2017
S2C: FPGA Base prototyping- Download white paper



Internet Business Systems © 2017 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 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