XML 18 R6.htm IDEA: XBRL DOCUMENT v3.21.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net income $ 3,765 $ 217
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 1,596 993
Amortization of marketable securities premium 15 10
Stock-based compensation 816 643
Loss on disposal of equipment 2  
(Gain) loss from equity method investments, net (1,111) 120
Changes in operating assets and liabilities:    
Accounts receivable (3,886) (4,691)
Inventories (3,243) 354
Prepaid expenses and other current assets (2,818) (2,042)
Other assets 135 (1,383)
Accounts payable 745 (484)
Accrued liabilities (4,018) (1,388)
Other long-term liabilities, including royalties (307) 1,547
Net cash used in operating activities (8,309) (6,104)
Cash flows from investing activities:    
Purchases of property, plant and equipment (5,776) (2,139)
Proceeds from sales and maturities of available-for-sale debt securities 240 720
Net cash used in investing activities (5,536) (1,419)
Cash flows from financing activities:    
Proceeds from common stock options exercised 704 441
Proceeds from short-term loan   391
Proceeds from sale of subsidiary shares to noncontrolling interests 538  
Formation of new subsidiary with noncontrolling interests 642  
Proceeds from issuance of Tongmei's common stock to redeemable noncontrolling interests, net of issuance costs 730  
Net cash provided by financing activities 2,614 832
Effect of exchange rate changes on cash and cash equivalents (165) (140)
Net decrease in cash and cash equivalents (11,396) (6,831)
Cash and cash equivalents at the beginning of the year 72,602 26,892
Cash and cash equivalents at the end of the year 61,206 $ 20,061
Supplemental disclosure of non-cash flow information:    
Consideration payable to repurchase subsidiary shares from noncontrolling interests, included in accrued liabilities $ 3,730