XML 18 R6.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net income $ 8,380 $ 1,176
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 3,261 1,968
Amortization of marketable securities premium 29 20
Stock-based compensation 1,791 1,284
Provision for doubtful accounts   43
Loss on disposal of equipment (7)  
Return of equity method investments (dividends) 774  
(Gain) loss from equity method investments, net (2,613) 288
Changes in operating assets and liabilities:    
Accounts receivable (8,673) (854)
Inventories (6,577) (902)
Prepaid expenses and other current assets (683) (996)
Other assets (314) (1,402)
Accounts payable 3,265 1,538
Accrued liabilities (8,256) (1,352)
Other long-term liabilities, including royalties (946) 1,172
Net cash provided by (used in) operating activities (10,569) 1,983
Cash flows from investing activities:    
Purchases of property, plant and equipment (13,033) (6,465)
Proceeds from sales and maturities of available-for-sale debt securities 240 3,461
Net cash used in investing activities (12,793) (3,004)
Cash flows from financing activities:    
Proceeds from common stock options exercised 1,124 513
Proceeds from short-term loan   395
Proceeds from sale of subsidiary shares to noncontrolling interests 538  
Formation of new subsidiary with noncontrolling interests 1,283  
Proceeds from issuance of Tongmei's common stock to redeemable noncontrolling interests, net of issuance costs 277  
Dividends paid by joint ventures to their minority shareholders   (89)
Net cash provided by financing activities 3,222 819
Effect of exchange rate changes on cash and cash equivalents 321 (175)
Net decrease in cash and cash equivalents (19,819) (377)
Cash and cash equivalents at the beginning of the year 72,602 26,892
Cash and cash equivalents at the end of the year 52,783 $ 26,515
Supplemental disclosure of non-cash flow information:    
Consideration payable to repurchase subsidiary shares from noncontrolling interests, included in accrued liabilities $ 3,730