XML 66 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash flows from operating activities:      
Consolidated net income $ 66,921 [1] $ 505 [1] $ 15,006 [1]
Adjustments to reconcile consolidated net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 26,133 16,068 24,468
Impairment Loss on Goodwill   2,951   
(Reversal) allowance for inventories 1,282 83 (739)
Provision for goods return 402    
(Reversal) allowance for doubtful accounts 45 5 (67)
(Gain) loss on disposal of property, plant and equipment and land use rights (810) 231 (1,218)
Loss on derivative financial instrument 57    
Share-based compensation expenses 547 112 95
Unrealized exchange gain (648) (4,134) (2,235)
(Increase) decrease in deferred income taxes 5,460 (2,538) (2,577)
Changes in current assets and liabilities:      
Increase in accounts receivable (81,245) (298) (16,198)
Increase in inventories (25,064) (2,881) (12,265)
Increase in prepaid expenses and other receivables (10,030) (14,207) (2,434)
(Increase) decrease in income taxes recoverable (169) 105 (105)
(Decrease) increase in notes payable 4,005 268 (691)
Increase (decrease) in accounts payable 104,385 (1,535) 25,923
Increase in accrued expenses and other payables 15,340 4,173 4,354
Increase (decrease) in income taxes payable 3,160 (4,228) 3,576
Total adjustments 42,850 (5,825) 19,887
Net cash provided by (used in) operating activities 109,771 (5,320) 34,893
Cash flows from investing activities:      
Purchase of property, plant and equipment and land use rights (58,444) (59,858) (6,295)
(Increase) decrease in deposits for purchase of property, plant and equipment 4,543 (4,066) (445)
Increase in other assets   (713)  
Payments for derivative financial instruments (156)    
Proceeds from disposal of property, plant and equipment and other assets 264 52 2,054
Cash received from finance lease receivable 1,864    
Decrease (increase) in fixed deposits maturing over three months (14,999) (34,825) 12,903
Net cash provided by (used in) investing activities (66,928) (99,410) 8,217
Cash flows from financing activities:      
Cash dividends paid (12,545) (8,961)  
Proceeds from Trust Receipt loans 3,558    
Proceeds from bank loans 4,824    
Net cash used in financing activities (4,163) (8,961)  
Net increase (decrease) in cash and cash equivalents 38,680 (113,691) 43,110
Cash and cash equivalents at beginning of year 118,510 228,067 182,722
Effect of exchange rate changes on cash and cash equivalents 648 4,134 2,235
Cash and cash equivalents at end of year 157,838 118,510 228,067
Supplemental schedule of cash flow information:      
Interest paid 278    
Income taxes paid 8,464 7,136 4,428
Non-cash investing activities:      
(Decrease) increase in construction cost funded through accrued expenses and other payables (12,296) 16,629 (1,683)
Non-cash financing activities:      
Additional paid-in capital on compensation for loss of office     $ 1,584
[1] "Nam Tai" refers to Nam Tai Electronics, Inc.