Himax Technologies, Inc. (the Parent Company only)

12 Months Ended

Dec. 31, 2017

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,
	2016		2017

	(in thousands)

Cash	$	759		1,362
Investments in marketable securities available-for-sale		4,399		4,881
Other receivable from related party		7,150		2,751
Other current assets		976		498
Investments in subsidiaries and affiliates		727,903		753,315
Total assets	$	741,187		762,807

Current liabilities	$	284		235
Short-term debt		119,000		147,000
Debt borrowing from a subsidiary		154,170		158,924
Total equity		467,733		456,648
Total liabilities and equity	$	741,187		762,807

Himax Technologies, Inc. had no guarantees as of December 31, 2016 and 2017.

Condensed Statements of Income

	Year Ended December 31,
	2015		2016		2017

	(in thousands)

Revenues	$	-		-		-
Costs and expenses		460		330		236
Operating loss		(460)		(330)		(236)
Equity in earnings from subsidiaries and affiliates		20,820		55,191		30,355
Gain on sale of securities		1,682		-		-
Other non-operating income (loss)		3,153		(3,949)		(2,152)
Earnings before income taxes		25,195		50,912		27,967
Income tax expense		-		-		-
Net income	$	25,195		50,912		27,967

Condensed Statements of Comprehensive Income

	Year Ended December 31,
	2015		2016		2017
	(in thousands)

Net income	$	25,195		50,912		27,967
Other comprehensive income (loss):
Unrealized gains (losses) on securities, not subject to income tax:		(259)		(115)		313
Unrealized holding gains (losses) on available-for-sale marketable securities arising during the period		(63)		(118)		466
Reclassification adjustment for realized losses (gains) included in net income		(196)		3		(153)
Foreign currency translation adjustments, net of income tax of nil		(573)		(479)		862
Net unrecognized actuarial gain (loss), net of income tax of $(168), $6 and $(25) in 2015, 2016 and 2017, respectively		(731)		6		(138)
Comprehensive income	$	23,632		50,324		29,004

Condensed Statements of Cash Flows

	Year Ended December 31,
	2015		2016		2017
	(in thousands)
Cash flows from operating activities:
Net income	$	25,195		50,912		27,967
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Equity in earnings from subsidiaries and affiliates		(20,820)		(55,191)		(30,355)
Gain on disposals of investment non-marketable equity securities, net		(1,682)		-		-
Changes in:
Other current assets		221		491		478
Other current liabilities		157		(100)		(49)
Net cash provided by (used in) operating activities		3,071		(3,888)		(1,959)
Cash flows from investing activities:
Purchases of available-for-sale marketable securities		(4,625)		(173)		(158)
Proceeds from disposals of investment in non-marketable equity securities		1,682		-		-
Purchases of equity method investment		(3,708)		-		-
Proceeds from disposals of equity method investment		-		64,513		4,825
Proceeds from capital reduction of investment		-		431		1,150
Cash received from (paid for) loan made to related party		-		(7,150)		4,400
Net cash provided by (used in) investing activities		(6,651)		57,621		10,217
Cash flows from financing activities:
Payments of cash dividends		(51,364)		(22,348)		(41,281)
Proceeds from short-term debt		351,000		192,000		151,000
Repayment of short-term debt		(301,000)		(234,000)		(123,000)
Proceeds from issue of RSUs from subsidiaries		5,311		1,081		872
Proceeds from debt from a subsidiary		375,572		367,667		201,849
Repayment of debt from a subsidiary		(374,775)		(358,910)		(197,095)
Net cash provided by (used in) financing activities		4,744		(54,510)		(7,655)
Net increase (decrease) in cash		1,164		(777)		603
Cash at beginning of year		372		1,536		759
Cash at end of year	$	1,536		759		1,362

Supplemental disclosures of cash flow information:
Cash paid during the year for:
Interest paid during the year	$	453		563		547
Income taxes paid during the year	$	-		-		-

- Definition

The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document.

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