Cimatron Reports Record Q4 and Full Year 2012 Results Across all Operating Parameters

 







CIMATRON LIMITED

STATEMENTS OF CASH FLOWS

(US Dollars in thousands)










Twelve months ended




December 31,




2012


2011







Cash flows from operating activities:





Net income 


$  3,709


$  2,611






Adjustments to reconcile net income 





   to net cash provided by operating activities:





Depreciation and amortization


1,307


1,376

Increase (decrease) in accrued severance pay


159


(135)

Deferred taxes, net


(683)


504






Changes in assets and liabilities:





Decrease (Increase) in accounts receivable and prepaid expenses


178


(222)

Increase in inventory


(12)


(2)

Decrease (increase) in deposits with insurance companies and severance pay fund


(227)


210

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


(1,258)


228

Net cash provided by operating activities


3,173


4,570






Cash flows from investing activities:





Proceeds from sale of property and equipment


1


-

Purchase of property and equipment


(265)


(428)

Cash and cash equivalents disposed of discontinued operations


(52)


-

Net cash used in investing activities


(316)


(428)











Cash flows from financing activities:





Short-term bank credit


(83)


(10)

Long-term bank credit


(8)


(87)

Cash dividend paid


(2,872)


(3,216)

Proceeds from issuance of shares upon exercise of options  


112


733

Net cash used in financing activities


(2,851)


(2,580)











Net increase in cash and cash equivalents


6


1,562

Effect of exchange rate changes on cash


110


4

Cash and cash equivalents at beginning of period


11,787


10,221

Cash and cash equivalents at end of period


$11,903


$11,787






Appendix A - Non-cash transactions






Purchase of property on credit


$        5


$      19


























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