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Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net loss $ (3,034) $ (1,729)
Adjustments required to reconcile net loss to net cash provided by operating activities:    
Depreciation 2,274 1,914
Amortization of intangible assets 1,412 938
Equity-based compensation 7,847 8,083
Realized loss, net on sale of available-for-sale marketable securities 38 30
Amortization of premiums on available-for-sale marketable securities 427 609
Unrealized foreign exchange loss 461 141
Changes in operating assets and liabilities:    
Trade receivables (657) 1,658
Prepaid expenses and other assets (1,458) (3,815)
Operating lease right-of-use assets (903)
Accrued interest on bank deposits (945) (643)
Deferred tax, net (3,856) (949)
Trade payables 689 557
Deferred revenues 1,209 (785)
Accrued expenses and other payables (257) (802)
Accrued payroll and related benefits 251 (1,329)
Operating lease liability 823
Income taxes payable (63) 55
Accrued severance pay, net 60 149
Net cash provided by operating activities 4,318 4,082
Cash flows from investing activities:    
Acquisition of business (11,000)
Purchase of property and equipment (2,664) (2,913)
Purchase of intangible assets (10,140) (1,960)
Investment in bank deposits (13,346) (21,596)
Proceeds from bank deposits 20,165 22,065
Investment in available-for-sale marketable securities (18,738) (15,516)
Proceeds from maturity of available-for-sale marketable securities 3,888 10,122
Proceeds from sale of available-for-sale marketable securities 22,561 7,803
Net cash used in investing activities (9,274) (1,995)
Cash flows from financing activities:    
Purchase of treasury stock (4,861) (16,742)
Proceeds from exercise of stock-based awards 2,437 2,249
Net cash used in financing activities (2,424) (14,493)
Effect of exchange rate changes on cash and cash equivalents (29) (121)
Decrease in cash and cash equivalents (7,409) (12,527)
Cash and cash equivalents at the beginning of the period 22,260 21,739
Cash and cash equivalents at the end of the period 14,851 9,212
Supplemental information of cash-flow activities:    
Income and withholding taxes 3,845 3,716
Non-cash transactions:    
Cumulative effect of adoption of new accounting standard 8,555
Property and equipment purchases incurred but unpaid at period end 54
Intangible assets purchases incurred but unpaid at period end 750
Right-of-use assets obtained in the exchange for operating lease liabilities $ 1,881