XML 23 R7.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities      
Net income for the year $ 50,344 $ 39,500 $ 37,012
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation and amortization 21,068 20,134 18,096
Interest and exchange rate on long term credit 0 0 (47)
Loss in respect of trading marketable securities and other investments 89 3,860 2,387
Increase in liability for employee rights upon retirement 2,507 1,243 2,069
Share in losses of affiliated companies, net 706 585 102
Deferred income taxes (3,125) (737) (443)
Capital loss (gain) on sale of property and equipment, net 89 (224) (166)
Increase in accounts receivable (26) (5,104) (3,994)
Decrease (increase) in other current and non-current assets (3,169) (11,055) 1,047
Decrease (Increase) in inventories 1,102 (5,835) (3,841)
Increase (decrease) in accounts payable (1,863) 1,419 1,776
Increase in deferred revenues 5,703 2,169 318
Increase in obligation to purchase non-controlling interests 0 0 967
Increase (decrease) in other current and non-current liabilities 3,793 (837) 507
Net cash provided by operating activities 77,218 45,118 55,790
Cash flows from investment activities      
Increase in funds in respect of employee rights upon retirement, net of withdrawals (2,384) (868) (2,097)
Capital expenditures (14,243) (26,505) (16,626)
Investment in affiliated company (323) (939) (136)
Investment in marketable securities 0 (103) 0
Investments in (repayment of) long - term deposit (100) 147 (48)
Investments in other companies, net (477) (137) (539)
Proceeds from sale of property and equipment 199 1,051 922
Sale of marketable securities 99 0 0
Net cash used in investment activities (17,229) (27,354) (18,524)
Cash flows from financing activities      
Repayment of long-term loan (11,732) (16,450) (23,773)
Settlement of obligation to purchase non-controlling interests 0 0 (11,281)
Short term credit from banking institutions 299 0 0
Acquisition of company shares (6,613) (8,445) (7,281)
Dividend paid (11,561) (11,465) (15,809)
Dividend paid to non-controlling interests (3,327) 0 (522)
Net cash used in financing activities (32,934) (36,360) (58,666)
Effect of exchange rate changes on cash and cash equivalents (1,471) (3,860) (477)
Net change in cash and cash equivalents 25,584 (22,456) (21,877)
Balance of cash and cash equivalents at beginning of year 27,850 50,306 72,183
Balance of cash and cash equivalents at end of year 53,434 27,850 50,306
Supplementary disclosure of cash flow information      
Interest paid 358 713 979
Income taxes paid, net of refunds $ 10,926 $ 11,094 $ 13,497