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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Profit (loss) for the year $ (16,184) $ 6,026 $ 25,538
Adjustments for:      
Depreciation and amortization 24,399 20,327 16,680
Expected credit loss recognized on accounts receivable 67 290 155
Share-based compensation expenses 457 408 997
Gain on disposal of property, plant and equipment, net (90) 0 (26)
Gain on re-measurement of the pre-existing relationships in a business combination 0 (1,662) 0
Changes in fair value of financial assets at fair value through profit or loss (3,746) (2,036) (23,226)
Interest income (2,013) (2,429) (2,225)
Finance costs 2,325 1,232 878
Income tax expense 416 994 4,554
Share of losses of associates 477 1,095 1,200
Inventories write downs 25,447 17,724 12,298
Unrealized foreign currency exchange losses 121 294 0
cash flows from operating activities before changes in operating Capital 31,676 42,263 36,823
Changes in:      
Accounts receivable 23,992 (794) (1,665)
Inventories (6,660) (45,085) 2,250
Other current assets 35 (1,511) 969
Accounts payable (36,180) 10,567 (2,336)
Accounts payable to related party 0 0 (576)
Other payable to related party (1,577) 1,597 2,200
Net defined benefit liabilities 6 (128) (9)
Other current liabilities 866 753 5,424
Other non-current liabilities 250 (458) (604)
Cash generated from operating activities 12,408 7,204 42,476
Interest received 2,060 2,361 2,165
Interest paid (2,372) (877) (565)
Income tax paid (4,440) (4,679) (14,683)
Net cash provided by operating activities 7,656 4,009 29,393
Cash flows from investing activities:      
Acquisitions of property, plant and equipment (45,922) (49,672) (39,292)
Proceeds from disposal of property, plant and equipment 98 1 115
Acquisitions of intangible assets (152) (925) (526)
Acquisitions of financial assets at amortized cost (4,023) (4,766) (5,572)
Proceeds from disposal of financial assets at amortized cost 4,171 3,514 744
Acquisitions of financial assets at fair value through profit or loss (50,487) (26,277) (41,523)
Proceeds from disposal of financial assets at fair value through profit or loss 50,648 48,764 56,375
Acquisition of business (700) (700) 0
Acquisition of a subsidiary, net of cash acquired (400) (3,301) 0
Proceeds from capital reduction of investment 47 55 132
Acquisitions of equity method investments (129) (2,093) (9,175)
Decrease (increase) in refundable deposits (2,821) 87 (120)
Releases (pledges) of restricted deposit 323 14 (146)
Cash paid for loan made to related parties (1,200) (780) (3,250)
Cash received from loan made to related party 2,780 0 7,150
Income tax paid for disposal of financial assets at fair value through profit or loss 0 (2,187) 0
Net cash used in investing activities (47,767) (38,266) (35,088)
Cash flows from financing activities:      
Payments of cash dividends 0 (17,210) (41,281)
Proceeds from issuance of new shares by subsidiaries 0 11 105
Proceeds from disposal of subsidiary shares to noncontrolling interests by Himax Imaging, Inc. 0 0 4
Acquisitions of noncontrolling interests 0 0 (42)
Pledge of restricted deposit 0 (17,000) (9,000)
Proceeds from unsecured borrowings 244,224 40,000 0
Repayments of unsecured borrowings (207,006) (20,000) 0
Proceeds from secured borrowings 158,000 91,000 151,161
Repayments of secured borrowings (158,000) (74,000) (142,161)
Payment of lease liabilities (1,957) 0 0
Net cash provided by (used in) financing activities 35,261 2,801 (41,214)
Effect of foreign currency exchange rate changes on cash and cash equivalents (532) (130) 480
Net decrease in cash and cash equivalents (5,382) (31,586) (46,429)
Cash and cash equivalents at beginning of year 106,437 138,023 184,452
Cash and cash equivalents at end of year $ 101,055 $ 106,437 $ 138,023