EZchip Semiconductor Ltd.
Selected Condensed Consolidated Cash Flow Data on a Non-GAAP basis
(U.S. Dollars in thousands)
(Unaudited)
Three Months Ended Six Months Ended
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June 30, March 31, June 30, June 30, June 30,
2012 2012 2011 2012 2011
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Cash flows from
operating
activities:
Net income $ 5,553 $ 5,132 $ 4,772 $ 10,685 $ 6,245
Adjustments to
reconcile net income
to net cash provided
by operating
activities:
Depreciation and
amortization 157 143 452 300 902
Decrease (increase)
in trade and other
receivables, net 76 681 (929) 757 366
Decrease (increase)
in inventory 974 (1,178) (12) (204) (1,438)
Decrease in
deferred tax asset - - 2,110 - 3,513
Increase (decrease)
in trade payables and
other accrued
liabilities, net (490) (463) 674 (953) 289
Stock-based
compensation 2,835 2,582 2,100 5,417 4,196
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Net cash provided
by operating
activities 9,105 6,897 9,167 16,002 14,073
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Cash flows from
investing activities:
Purchase of property
and equipment (338) (336) (51) (674) (176)
Purchase of
technology (500) - - (500) -
----------- ----------- ----------- ----------- -----------
Net cash used in
investing activities (838) (336) (51) (1,174) (176)
----------- ----------- ----------- ----------- -----------
Cash flows from
financing activities:
Proceeds from
exercise of options 352 11,415 3,432 11,767 5,905
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Net cash provided
by financing
activities 352 11,415 3,432 11,767 5,905
----------- ----------- ----------- ----------- -----------
Unrealized gain
(loss) on marketable
securities, net (79) 478 9 399 (82)
----------- ----------- ----------- ----------- -----------
Increase in cash, cash
equivalents,
marketable securities
and deposits 8,540 18,454 12,557 26,994 19,720
Cash, cash
equivalents,
marketable securities
and deposits at
the beginning of
the period 145,224 126,770 108,473 126,770 101,310
----------- ----------- ----------- ----------- -----------
Cash, cash
equivalents,
marketable
securities and
deposits at the
end of the period $ 153,764 $ 145,224 $ 121,030 $ 153,764 $ 121,030
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