Himax Technologies, Inc. (the Parent Company only) (Tables)

12 Months Ended

Dec. 31, 2013

The condensed separate financial information of Himax Technologies, Inc. is presented as follows:

Condensed Balance Sheets

	December 31,
	2012		2013
	(in thousands)

Cash	$	1,075	268
Other current assets		835	912
Investment in non-marketable securities		1,600	5,600
Investments in subsidiaries		627,792	680,841
Total assets	$	631,302	687,621

Current liabilities	$	176	233
Short-term debt		54,000	86,500
Debt borrowing from a subsidiary		149,183	151,064
Total equity		427,943	449,824
Total liabilities and equity	$	631,302	687,621

Condensed Statements of Income

	Year ended December 31,
		2011	2012	2013
	(in thousands)

Revenues	$	-	-	-
Costs and expenses		548	695	(248)
Operating Income (loss)		(548)	(695)	248
Equity in earnings from subsidiaries		13,433	54,929	59,402
Other non-operating loss		(2,179)	(2,637)	1,826
Earnings before income taxes		10,706	51,597	61,476
Income taxes expenses		-	(1)	-
Net Income	$	10,706	51,596	61,476

Condensed Statements of Comprehensive Income

	Year Ended December 31,
	2011				2012		2013

Net income	$	-		10,706	-	51,596	-	61,476
Other comprehensive income (loss):
Unrealized gains (losses) on securities, not subject to income tax:
Unrealized holding gains (losses) on available-for-sale marketable securities arising during the period		(305)		-	59	-	(12)	-
Reclassification adjustment for realized losses (gains) included in net income		(350)		(655)	(648)	(589)	8	(4)
Foreign currency translation adjustments, not subject to income tax				128		50		161
Net unrecognized actuarial gain (loss), net of tax of $(125), $8 and $(99) in 2011, 2012 and 2013, respectively				(573)		233		(401)
Comprehensive income			$	9,606		51,290		61,232

Condensed Statements of Cash Flows

	Year ended December 31,
	2011		2012		2013

	(in thousands)
Cash flows from operating activities:
Net income	$	10,706		51,596		61,476
Adjustments to reconcile net income to net cash used in operating activities:
Equity in earnings from subsidiaries		(13,433)		(54,929)		(59,402)
Changes in operating assets and liabilities:
Other current assets		(790)		311		(77)
Other current liabilities		1,767		1,637		57
Net cash provided by (used in) operating activities		(1,750)		(1,385)		2,054
Net cash used in investing activities		-		-		(4,060)
Cash flows from financing activities:
Distribution of cash dividends	$	(21,224)		(10,680)		(42,394)
Proceeds from borrowing of short-term debt		271,200		266,000		295,320
Repayment of short-term debt		(250,000)		(277,200)		(262,820)
Investment returned from subsidiaries		-		56,836		-
Proceeds from issue of RSUs from a subsidiary		1,634		1,306		9,212
Purchase of subsidiary shares from noncontrolling interests		(1,324)		-		-
Proceeds from (repayment of) debt from a subsidiary		6,300		(25,500)		1,881
Acquisitions of ordinary shares for retirement		(4,627)		(8,886)		-
Net cash provided by financing activities		1,959		1,876		1,199
Net increase (decrease) in cash		209		491		(807)
Cash at beginning of year		375		584		1,075
Cash at end of year	$	584		1,075		268

Supplemental disclosures of cash flow information:
Interest paid during the year	$	353		264		301
Income taxes paid during the year	$	-		1		-