Himax Technologies, Inc. (the Parent Company only)

12 Months Ended

Dec. 31, 2015

Condensed Financial Information Of Parent Company Only Disclosure [Abstract]

Condensed Financial Information of Parent Company Only Disclosure [Text Block]

Note 25.

Himax Technologies, Inc. (the Parent Company only)

As a holding company, dividends received from Himax Technologies, Inc.’s subsidiaries in Taiwan, if any, will be subjected to withholding tax under ROC law as well as statutory and other legal restrictions.

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

Condensed Balance Sheets

	December 31,
	2014		2015
	(in thousands)

Cash	$	372		1,536
Investments in marketable securities available-for-sale		-		4,505
Other current assets		1,688		1,467
Investment in non-marketable securities		432		432
Investments in subsidiaries and affiliates		725,974		737,561
Total assets	$	728,466		745,501

Current liabilities	$	227		384
Short-term debt		111,000		161,000
Debt borrowing from a subsidiary		144,615		145,413
Total equity		472,624		438,704
Total liabilities and equity	$	728,466		745,501

Himax Technologies, Inc. had no guarantees as of December 31, 2014 and 2015.

Condensed Statements of Income

	Year ended December 31,
	2013		2014		2015
	(in thousands)

Revenues	$	-		-		-
Costs and expenses		(248)		525		460
Operating income (loss)		248		(525)		(460)
Equity in earnings from subsidiaries and affiliates		59,402		49,656		20,820
Gain on sale of investment securities		-		10,743		1,682
Other non-operating income		1,826		6,724		3,153
Earnings before income taxes		61,476		66,598		25,195
Income taxes expenses		-		-		-
Net income	$	61,476		66,598		25,195

Condensed Statements of Comprehensive Income

	Year Ended December 31,
	2013			2014			2015
	(in thousands)

Net income	$		61,476			66,598			25,195
Other comprehensive income (loss):
Unrealized losses on securities, not subject to income tax:			(4)			(2)			(259)
Unrealized holding losses on available-for-sale marketable securities arising during the period		(12)			(33)			(63)
Reclassification adjustment for realized losses (gains) included in net income		8			31			(196)
Foreign currency translation adjustments, not subject to income tax			161			(170)			(573)
Net unrecognized actuarial gain (loss), net of tax of $(99), $43 and $(168) in 2013, 2014 and 2015, respectively			(432)			268			(731)
Comprehensive income			61,201			66,694			23,632

Condensed Statements of Cash Flows

	Year ended December 31,
	2013		2014		2015
	(in thousands)
Cash flows from operating activities:
Net income	$	61,476		66,598		25,195
Adjustments to reconcile net income to net cash used in operating activities:
Equity in earnings from subsidiaries and affiliates		(59,402)		(49,656)		(20,820)
Gain on sale of investment securities		-		(10,743)		(1,682)
Changes in:
Other current assets		(77)		(775)		221
Other current liabilities		57		(5)		157
Net cash provided by operating activities		2,054		5,419		3,071

	Year ended December 31,
	2013		2014		2015
	(in thousands)
Cash flows from investing activities:
Purchases of available-for-sale marketable securities	$	-		-		(4,625)
Purchases of investment securities		(4,000)		-		-
Disposals of investment securities		-		14,743		1,682
Purchases of equity method investments		(60)		-		(3,708)
Proceeds from capital reduction of investments		-		1,168		-
Net cash provided by (used in) investing activities		(4,060)		15,911		(6,651)
Cash flows from financing activities:
Distribution of cash dividends		(42,394)		(46,042)		(51,364)
Proceeds from short-term debt		295,320		370,500		351,000
Repayment of short-term debt		(262,820)		(346,000)		(301,000)
Investment returned from subsidiaries		-		11		-
Proceeds from issue of RSUs from subsidiaries		9,212		6,754		5,311
Proceeds from (repayment of) debt from a subsidiary		1,881		(6,449)		797
Net cash provided by (used in) financing activities		1,199		(21,226)		4,744
Net increase (decrease) in cash		(807)		104		1,164
Cash at beginning of year		1,075		268		372
Cash at end of year	$	268		372		1,536

Supplemental disclosures of cash flow information:
Interest paid during the year	$	301		431		453
Income taxes paid during the year	$	-		-		-