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Consolidated Statements of Profit or Loss - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Consolidated Statements of Profit or Loss      
Revenues $ 671,835 $ 723,605 $ 685,167
Costs and expenses:      
Cost of revenues 533,916 554,690 518,142
Research and development 114,859 123,037 117,662
General and administrative 23,672 21,823 20,461
Expected credit loss 67 290 155
Sales and marketing 17,628 20,380 20,388
Total costs and expenses 690,142 720,220 676,808
Operating income (loss) (18,307) 3,385 8,359
Non operating income (loss):      
Interest income 2,013 2,429 2,225
Changes in fair value of financial assets at fair value through profit or loss 3,746 2,036 23,226
Foreign currency exchange losses, net (546) (369) (1,659)
Finance costs (2,325) (1,232) (878)
Share of losses of associates (477) (1,095) (1,200)
Other income 128 1,866 19
Total non operating income 2,539 3,635 21,733
Profit (loss) before income taxes (15,768) 7,020 30,092
Income tax expense 416 994 4,554
Profit (loss) for the year (16,184) 6,026 25,538
Loss attributable to noncontrolling interests 2,570 2,543 2,142
Profit (loss) attributable to Himax Technologies, Inc. stockholders $ (13,614) $ 8,569 $ 27,680
Basic earnings (loss) per ordinary share attributable to Himax Technologies, Inc. stockholders $ (0.04) $ 0.02 $ 0.08
Diluted earnings (loss) per ordinary share attributable to Himax Technologies, Inc. stockholders (0.04) 0.02 0.08
Basic earnings (loss) per ADS attributable to Himax Technologies, Inc. stockholders [1] (0.08) 0.05 0.16
Diluted earnings (loss) per ADS attributable to Himax Technologies, Inc. stockholders [1] $ (0.08) $ 0.05 $ 0.16
[1] As the Company’s ordinary shares have been quoted on the NASDAQ Global Select Market under the symbol “HIMX” in the form of ADSs and two ordinary shares represent one ADS with effect from August 10, 2009. The number of ADS equivalent outstanding is determined by dividing the number of ordinary shares by two. Therefore, the weighted average number of ADS equivalent outstanding used in basic earnings per ADS for 2017, 2018 and 2019 is 172,425 thousand, 172,510 thousand and 172,550 thousand, respectively. Additionally, the weighted average number of ADS equivalent outstanding used in diluted earnings per ADS for 2017, 2018 and 2019 is 172,452 thousand, 172,534 thousand and 172,550 thousand, respectively. The earnings (loss) per ADS is presented solely for the convenience of the reader and does not represent a measure under IFRS.