Himax Technologies, Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations $235.5m $49.4m $79.8m $45.3m
Net Income (Loss) Attributable to Parent $50.9m $28.0m $237.0m $50.6m $79.8m $43.9m
Net Income (Loss) Available to Common Stockholders, Basic $50.9m $28.0m $237.0m $50.6m $79.8m $43.9m
Net Income (Loss) Attributable to Noncontrolling Interest ($2.2m) ($2.1m)
Depreciation, Depletion and Amortization $13.8m $16.7m $20.3m $24.4m $23.6m $21.3m $21.3m $20.3m $22.4m $22.5m
Amortization $991k $991k
Depreciation Amortization Depletion $21.3m $20.3m $22.4m $22.5m
Deferred Income Tax Expense (Benefit) ($2.0m) ($1.6m)
Deferred Income Tax $41.1m ($5.0m) ($2.4m) $9.6m
Deferred Tax $41.1m ($5.0m) ($2.4m) $9.6m
Share-based Payment Arrangement, Noncash Expense $1.2m $1.1m
Adjustments For Share-Based Payments $408k $457k $763k $700k $3.1m $2.7m $1.2m $730k
Share-based Payment Arrangement, Expense $10.4m $7.2m
Equity Method Investment, Other than Temporary Impairment $1.3m $1.2m
Share-based compensation expenses $1.2m $1.1m $408k $457k $763k $700k $3.1m $2.7m $1.2m $730k
Asset Impairment Charge $22.2m $21.5m $13.6m $17.1m
Equity Method Investment, Realized Gain (Loss) on Disposal $0 $0
Gain (Loss) on Disposition of Property Plant Equipment ($26k) $26k $1k $98k $249k $0 $0 $111k $0 $0
Income Tax Expense (Benefit) $10.7m $4.5m $994k $416k $11.7m $110.7m $41.1m ($5.0m) ($2.4m) $9.6m
Other Nonoperating Income (Expense) ($5k) $19k
Acquisitions of equity method investments ($9.2m) ($2.1m) ($129k) ($792k) ($598k) ($3.3m) $0 ($1.2m) ($1.5m)
Earnings (Loss)es From Equity Investments $743k $598k $831k $3.2m
Changes in operating assets and liabilities:
Non-cash transactions:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $14.6m $2.0m
Increase (Decrease) in Inventories $1.7m ($2.2m)
Adjustments For Current Tax Of Prior Period ($172k) ($126k) ($363k) $12k ($2.7m) ($2.6m) ($942k) ($550k)
Adjustments For Decrease Increase In Trade Account Receivable ($794k) $24.0m ($78.3m) ($166.4m) $146.9m $20.8m ($40.7m) $29.4m
Adjustments For Increase Decrease In Trade Account Payable $10.6m ($36.2m) $55.8m
Adjustments For Unrealised Foreign Exchange Losses Gains $294k $121k ($239k) ($953k) ($2.9m) $624k ($171k) $264k
Foreign Currency Transaction Gain (Loss), before Tax $167k ($1.5m)
General and Administrative Expense $20.1m $20.6m $23.7m $23.9m $29.3m $28.5m $25.0m $24.1m $25.7m
Goodwill $28.1m $28.1m $28.1m $28.1m $28.1m $28.1m $28.1m $28.1m $28.1m $28.1m
Interest Received Classified As Operating Activities $2.4m $2.1m $1.1m $852k $4.5m $8.6m $9.7m $9.4m
Inventory Write-down $23.3m $12.3m
Investment Income, Interest $1.2m $2.2m
Nonoperating Income (Expense) $183k $22.2m
Payments Of Lease Liabilities Classified As Financing Activities $2.0m $2.6m $4.7m $4.3m $4.8m $5.0m $3.2m
Payments To Acquire Or Redeem Entitys Shares $832k $4.5m
Proceeds From Borrowings Classified As Financing Activities $131.0m
Proceeds From Issuing Shares $11k $0 $884k $0 $487k $916k $71k $189k
Purchase Of Intangible Assets Classified As Investing Activities $925k $152k $87k $468k $331k $115k $153k $397k
Repayments Of Borrowings Classified As Financing Activities $94.0m
Profit for the year $25.5m $6.0m ($16.2m) $45.2m $433.9m $235.5m $49.4m $79.8m $45.3m
Gains on disposal of land held for sale ($26k) $0 $0 $0 ($3.2m)
Loss on re-measurement of the pre-existing relationships in a business combination $0 $0 $1.9m $0 $0
Changes in fair value of financial assets at fair value through profit or loss ($23.2m) ($2.0m) ($3.7m) ($472k) $284k ($1.2m) ($1.7m) ($1.4m) ($1.5m)
Interest income ($2.2m) ($2.4m) ($2.0m) ($967k) ($876k) ($4.8m) ($8.7m) ($9.9m) ($9.8m)
Finance costs $878k $1.2m $2.3m $1.7m $1.1m $2.8m $6.1m $4.0m $3.5m
Share of losses of associates $1.2m $1.1m $477k $638k $1.4m $743k $598k $831k $3.2m
Inventories write downs $23.3m $12.3m $17.7m $25.4m $11.9m $9.4m $22.2m $21.5m $13.6m $17.1m
Unrealized foreign currency exchange losses (gains) $0 $294k $121k ($239k) ($953k) ($2.9m) $624k ($171k) $264k
Accounts receivable (including related parties) ($14.6m) ($2.0m) ($794k) $24.0m ($78.3m) ($166.4m) $146.9m $20.8m ($40.7m) $29.4m
Inventories ($1.7m) $2.2m ($45.1m) ($6.7m) $24.8m ($99.3m) ($194.5m) $132.1m $45.0m ($10.5m)
Other receivable from related parties $0 $0 ($17k) ($7k) $5k $56k ($9k)
Other current assets $969k ($1.5m) $35k ($2.9m) ($7.6m) $10.1m ($3.9m) $3.9m ($8.9m)
Accounts payable (including related parties) $17.8m ($2.3m) $0 $0 $1.6m $75.0m ($124.9m) $7.7m $14.6m $25.8m
Other payable to related parties $2.2m $1.6m ($1.6m) $352k ($931k) $927k ($268k) ($110k) $364k
Contract liabilities ($149k) $1.4m $4.7m $41.3m $1.3m ($37.1m) $45k $1.1m
Other current liabilities $5.4m $753k $866k $1.1m $13.7m $1.8m $1.2m ($9.0m) $15.5m
Other non-current liabilities ($604k) ($458k) $250k $5.4m ($4.7m) $4.0m ($4.6m) ($2.3m) ($18k)
Interest received $2.2m $2.4m $2.1m $1.1m $852k $4.5m $8.6m $9.7m $9.4m
Acquisitions of intangible assets ($526k) ($925k) ($152k) ($87k) ($468k) ($331k) ($115k) ($153k) ($397k)
Acquisitions of financial assets at amortized cost ($5.6m) ($4.8m) ($4.0m) ($3.8m) ($25.4m) ($8.8m) ($6.9m) ($11.2m) ($6.2m)
Proceeds from disposal of financial assets at amortized cost $744k $3.5m $4.2m $6.7m $8.0m $25.8m $3.1m $19.5m $7.8m
Acquisitions of financial assets at fair value through profit or loss ($41.5m) ($26.3m) ($50.5m) ($19.7m) ($23.4m) ($108.4m) ($82.6m) ($76.0m) ($61.8m)
Proceeds from disposal of financial assets at fair value through profit or loss $56.4m $48.8m $50.6m $12.1m $29.1m $110.3m $75.5m $70.4m $37.3m
Acquisitions of financial assets at fair value through other comprehensive income $0 $0 ($1.4m) ($17.2m) ($3.3m)
Proceeds from disposal of financial assets at fair value through other comprehensive income $0 $0 $96k $99k $0 $0
Acquisition of a subsidiary, net of cash acquired (paid) $0 ($3.3m) ($400k) $1.3m $0 $0 $433k ($5.4m) ($584k)
Proceeds from capital reduction of investment $568k $132k $55k $47k $32k $151k $0 $360k $338k $0
Decrease (increase) in refundable deposits ($120k) $87k ($2.8m) ($14.0m) ($213.1m) ($6.1m) ($56.9m) $33.6m $28.4m
Releases of restricted deposit ($146k) $14k $323k ($8k) ($2.6m) $2.7m $0 $0 $31k
Cash received in advance from disposal of land $0 $0 $1.5m $3.1m $0 $2.8m $0 $0
Purchase of treasury shares $0 $0 ($832k) ($4.5m)
Decrease (increase) in prepayments for purchase of treasury shares $0 ($2.2m) $515k
Proceeds from issuance of new shares by subsidiaries $105k $11k $0 $884k $0 $487k $916k $71k $189k
Proceeds from short-term unsecured borrowings $0 $40.0m $244.2m $208.1m $15.0m $0 $47.2m $0 $946k
Repayments of short-term unsecured borrowings $0 ($20.0m) ($207.0m) ($265.4m) ($15.0m) $0 ($47.2m) $0 ($1.1m)
Repayments of long-term unsecured borrowings $0 $0 ($1.5m) ($6.0m) ($46.0m) ($6.0m) ($6.0m) ($6.4m)
Proceeds from short-term secured borrowings $151.2m $91.0m $158.0m $278.0m $611.6m $1.2b $1.4b $1.8b $2.2b
Repayments of short-term secured borrowings ($142.2m) ($74.0m) ($158.0m) ($338.0m) ($564.2m) ($994.8m) ($1.3b) ($1.7b) ($2.1b)
Pledge of restricted deposit ($9.0m) ($17.0m) $0 $60.0m ($47.4m) ($217.9m) ($83.7m) ($50.7m) ($64.5m)
Payment of lease liabilities $0 $0 ($2.0m) ($2.6m) ($4.7m) ($4.3m) ($4.8m) ($5.0m) ($3.2m)
Guarantee deposits received (refunded) $0 $0 $54.0m $16.9m $200k ($23.2m) ($1.9m)
Beginning Cash Position $336.0m $221.6m $191.7m $218.1m
Cash Flow From Continuing Financing Activities ($211.1m) ($93.6m) ($88.2m) ($80.7m)
Cash Flow From Continuing Investing Activities $15.0m ($88.9m) ($516k) ($20.3m)
Change In Account Payable ($124.9m) $7.7m $14.6m $25.8m
Change In Inventory ($194.5m) $132.1m $45.0m ($10.5m)
Change In Other Current Assets $10.1m ($3.9m) $3.9m ($8.9m)
Change In Other Current Liabilities $5.8m ($3.4m) ($11.3m) $15.5m
Change In Other Working Capital $1.3m ($37.1m) $45k $1.1m
Change In Payable ($123.9m) $7.4m $14.5m $26.1m
Change In Payables And Accrued Expense ($123.9m) $7.4m $14.5m $26.1m
Change In Receivables $146.9m $20.8m ($40.7m) $29.4m
Change In Working Capital ($154.4m) $116.0m $11.5m $52.7m
Changes In Account Receivables $146.9m $20.8m ($40.7m) $29.4m
Changes In Cash ($113.2m) ($29.6m) $27.2m $38.9m
End Cash Position $221.6m $191.7m $218.1m $257.5m
Financing Cash Flow ($211.1m) ($93.6m) ($88.2m) ($80.7m)
Free Cash Flow $70.8m $129.3m $102.8m $119.5m
Gain Loss On Sale Of Business $0 ($10.7m) $0 $0
Gain Loss On Sale Of PPE $0 ($368k) $4k ($3.2m)
Interest Received CFO $4.5m $8.6m $9.7m $9.4m
Investing Cash Flow $15.0m ($88.9m) ($516k) ($20.3m)
Issuance Of Capital Stock $487k $916k $71k $704k
Net Business Purchase And Sale $11.5m $433k ($6.7m) ($2.1m)
Net Foreign Currency Exchange Gain Loss ($2.9m) $624k ($171k) $264k
Net Intangibles Purchase And Sale ($331k) ($115k) ($153k) ($397k)
Net PPE Purchase And Sale ($11.8m) ($20.4m) ($13.1m) ($20.1m)
Operating Gains Losses ($12.8m) $854k $664k $254k
Other Non Cash Items ($2.0m) ($734k) ($5.9m) ($6.4m)
Proceeds From Stock Option Exercised $1.2m $0 $0
Provisionand Write Offof Assets ($190k) $0 $0
Purchase Of Business ($3.3m) $0 ($6.7m) ($2.1m)
Purchase Of Intangibles ($331k) ($115k) ($153k) ($397k)
Purchase Of PPE $7.9m $39.8m $49.7m $45.9m $5.8m $7.6m ($11.8m) ($23.4m) ($13.1m) ($20.1m)
Repurchase Of Capital Stock $0 $0 ($3.0m) ($4.5m)
Sale Of Business $0 $14.8m $433k $0
Sale Of PPE $0 $2.9m $0 $0
Stock Based Compensation $3.1m $2.7m $1.2m $730k
Unrealized Gain Loss On Investment Securities ($1.2m) ($1.7m) ($1.4m) ($1.5m)
Profit or Loss $48.7m $25.8m $6.0m ($16.2m) $45.2m $433.9m $235.5m $49.4m $79.8m $45.3m
Net Cash Provided by (Used in) Operating Activities $84.7m $29.4m $4.0m $7.7m $102.6m $388.3m $82.9m $152.8m $116.0m $140.0m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $7.9m $39.8m ($12.1m) ($23.5m) ($13.2m) ($20.5m)
Property, plant and equipment acquisitions funded by liabilities $7.9m $39.8m $1k $98k $249k $0 $0 $111k $0 $0
Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities $9k $115k $1k $98k $249k $0 $0 $111k $0 $0
Net Investment Purchase And Sale $19.1m ($11.8m) ($14.2m) ($26.2m)
Purchase Of Investment ($117.1m) ($90.9m) ($104.4m) ($71.3m)
Sale Of Investment $136.2m $79.1m $90.2m $45.1m
Net Other Investing Changes ($3.4m) ($56.9m) $33.6m $28.4m
Net Cash Provided by (Used in) Investing Activities ($7.1m) ($35.1m) ($38.3m) ($47.8m) ($22.4m) ($232.7m) $15.0m ($88.9m) ($516k) ($20.3m)
Cash flows from financing activities:
Issuance Of Debt $1.3b $1.4b $1.8b $2.2b
Long Term Debt Issuance $0 $40.0m $0 $0
Net Issuance Payments Of Debt $207.6m $72.9m $39.7m $54.7m
Net Long Term Debt Issuance ($10.3m) ($10.8m) ($11.0m) ($9.6m)
Net Short Term Debt Issuance $217.9m $83.7m $50.7m $64.3m
Short Term Debt Issuance $1.2b $1.4b $1.8b $2.2b
Long Term Debt Payments ($50.3m) ($10.8m) ($11.0m) ($9.6m)
Repayment Of Debt ($1.0b) ($1.4b) ($1.7b) ($2.1b)
Short Term Debt Payments ($994.8m) ($1.3b) ($1.7b) ($2.1b)
Common Stock Issuance $487k $916k $71k $704k
Net Common Stock Issuance $487k $916k ($2.9m) ($3.8m)
Common Stock Payments $0 $0 ($3.0m) ($4.5m)
Purchases of subsidiary shares from noncontrolling interests ($376k) ($42k) $0 $0 ($1.6m) ($301k) ($9k) ($190k) ($127k)
Dividends paid $22 $41
Dividends Paid Classified As Financing Activities $17.2m $0 $4k $47.4m $217.9m $83.7m $50.7m $64.9m
Payments of cash dividends ($22.3m) ($41.3m) ($17.2m) $0 ($4k) ($47.4m) ($217.9m) ($83.7m) ($50.7m) ($64.9m)
Payments of dividend equivalents $0 $0 ($148k) ($233k) ($218k)
Cash Dividends Paid ($217.9m) ($83.9m) ($50.9m) ($65.2m)
Common Stock Dividend Paid ($217.9m) ($83.9m) ($50.9m) ($65.2m)
Net Other Financing Charges ($201.3m) ($83.5m) ($74.1m) ($66.5m)
Net Cash Provided by (Used in) Financing Activities ($22.7m) ($41.2m) $2.8m $35.3m $3.3m ($4.5m) ($211.1m) ($93.6m) ($88.2m) ($80.7m)
Effect of foreign currency exchange rate changes on cash and cash equivalents ($207k) $480k ($130k) ($532k) $377k ($23k) ($1.3m) ($200k) ($844k) $421k
Effect Of Exchange Rate Changes ($1.3m) ($200k) ($844k) $421k
Net increase (decrease) in cash and cash equivalents $54.6m ($46.4m) ($31.6m) ($5.4m) $83.9m $151.1m ($114.4m) ($29.8m) $26.4m $39.4m
Cash and cash equivalents at beginning of year $129.8m $184.5m $106.4m $101.1m $184.9m $336.0m $221.6m $191.7m $218.1m $257.5m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported ($114.4m) ($29.8m) $26.4m $39.4m
Interest Paid, Excluding Capitalized Interest, Operating Activities $565k ($877k) ($2.4m) ($1.8m) ($1.1m) ($2.8m) ($6.1m) ($4.0m) ($3.7m)
Interest Paid Classified As Operating Activities ($565k) $877k $2.4m $1.8m $1.1m $2.8m $6.1m $4.0m $3.7m
Income Taxes Paid Refund Classified As Operating Activities $0 $4.7m $4.4m $2.7m $19.6m $71.5m $53.1m $9.1m $6.0m

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.