Cimatron Reports Best Ever Third Quarter with Record Q3 Revenues, Operating Profit and Net Profit

 

 

 

 

CIMATRON LIMITED

STATEMENTS OF CASH FLOWS

(US Dollars in thousands)








Nine months ended



September 30,



2014


2013






Cash flows from operating activities:




Net income

$       2,924


$       2,567






Adjustments to reconcile net income 




   to net cash provided by operating activities:




Depreciation and amortization

701


796

Increase (decrease) in accrued severance pay

(331)


415

Stock based compensation

472


33

Deferred taxes, net

(252)


(115)






Changes in assets and liabilities:




Decrease in accounts receivable and prepaid expenses

3,039


332

Decrease (increase) in inventory

(9)


12

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

129


(328)

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

1,299


(425)

Net cash provided by operating activities

7,972


3,287






Cash flows from investing activities:




Purchase of property and equipment

(311)


(346)

Additional payment for acquisition of subsidiary

(92)


-

Net cash used in investing activities

(403)


(346)











Cash flows from financing activities:




Short-term bank credit

(4)


20

Long-term bank credit

-


(3)

Cash distribution to shareholders

-


(7,916)

Proceeds from issuance of shares upon exercise of options 

-


47

Proceeds from issuance of restricted shares

1


9

Proceeds from issuance of shares from public offering

-


5,786

Net cash used in financing activities

(3)


(2,057)











Net increase in cash and cash equivalents

7,566


884

Effect of exchange rate changes on cash

(474)


127

Cash and cash equivalents at beginning of period

13,052


11,903

Cash and cash equivalents at end of period

$     20,144


$     12,914






Appendix A - Non-cash transactions





Purchase of property on credit

$              8


$              7







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



Review Article Be the first to review this article
Rand3D

Featured Video
Jobs
Mechanical Engineer I for Air Techniques, Inc at Melville, NY
Proposal Support Coordinator for Keystone Aerial Surveys at Philadelphia, PA
Upcoming Events
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
The Rise of Mechatronics at Dassault Systèmes Santa Clara 3979 Freedom Circle, Ste 750 Santa Clara CA - Sep 14, 2017
The 30th Annual Integrated Process Excellence Symposium & Training at Wyndham Grand Bonnet Creek Resort Orlando FL - Sep 18 - 20, 2017
Kenesto: 30 day trial



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 EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy Advertise