|
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
|
12 Months Ended |
|
Dec. 31, 2014
|
Dec. 31, 2013
|
Dec. 31, 2012
|
| Cash flows from operating activities: |
|
|
|
| Net (loss)/income |
$ 9,851 |
$ (8,749) |
$ (7,256) |
| Adjustments to reconcile net loss to net cash provided by/(used in) operating activities: |
|
|
|
| Depreciation |
1,066 |
1,268 |
2,108 |
| Provision for doubtful accounts |
3,523 |
655 |
703 |
| Forgiveness of amounts due from Vimicro Qingdao |
|
|
1,186 |
| Inventory provision |
183 |
1,048 |
1,050 |
| Amortization |
313 |
368 |
397 |
| Deferred income tax benefit |
(1,717) |
586 |
(129) |
| Share-based compensation expenses |
1,726 |
1,808 |
2,074 |
| Loss from disposal of property and equipment |
13 |
6 |
32 |
| Gain on disposal of subsidiary and equity interest |
(1,319) |
(6) |
(1,472) |
| Asset impairment |
|
|
1,448 |
| Equity in (gain)/loss of an equity investee, net of tax |
(3,552) |
(1,372) |
87 |
| Unrealized profits on downstream transactions between the Group and its equity investee |
14,381 |
1,976 |
0 |
| Loss from discontinued operations |
|
|
740 |
| Changes in assets and liabilities: |
|
|
|
| Restricted cash |
(22) |
1,996 |
1,412 |
| Accounts and notes receivable |
(3,177) |
(464) |
(7,968) |
| Amounts due from related parties |
(75,866) |
(20,328) |
(1,142) |
| Inventories |
58 |
(4,236) |
3,527 |
| Prepayments and other current assets |
(4,400) |
(2,915) |
(2,014) |
| Other assets |
|
(209) |
|
| Deferred tax liabilities |
(9) |
(9) |
|
| Accounts payable |
21,042 |
14,199 |
(31) |
| Amounts due to related parties |
(428) |
2,575 |
1,221 |
| Notes payable |
|
|
(662) |
| Taxes payable |
11,270 |
4,558 |
1,020 |
| Advances from customers |
9,003 |
1,195 |
790 |
| Accrued expenses and other current liabilities |
5,540 |
(4,812) |
3,191 |
| Product warranty |
2,120 |
584 |
223 |
| Deferred government grants |
12,475 |
(4,528) |
6,566 |
| Net cash provided by/(used in) operating activities |
2,074 |
(14,806) |
7,101 |
| Cash flows from investing activities: |
|
|
|
| Purchase of property, equipment and software |
(20,787) |
(9,945) |
(8,506) |
| Purchase of noncurrent assets |
|
(479) |
|
| Payment for performance guarantee with respect to construction activity |
|
(291) |
|
| Investment in an equity investee |
|
(468) |
(4,275) |
| Long-term investment in cost method |
(603) |
|
|
| Proceeds from disposal of assets in discontinued operations |
|
2,900 |
|
| Proceeds from disposal of equity interest, net of cash disposed |
5,000 |
(1,481) |
10,410 |
| Proceeds from sales deposit of properties |
|
3,280 |
|
| Net cash used in investing activities |
(16,390) |
(6,484) |
(2,371) |
| Cash flows from financing activities: |
|
|
|
| Proceeds from long-term bank loans |
|
8,348 |
4,773 |
| Changes in restricted cash |
1,717 |
(1,181) |
(547) |
| Repurchase of shares |
(5,550) |
(6,638) |
(7,396) |
| Proceeds from exercise of share options |
2,982 |
122 |
64 |
| Proceeds from interest-free government loan |
4,885 |
|
4,772 |
| Net cash provided by financing activities |
4,034 |
651 |
1,666 |
| Effect of exchange rate changes on cash and cash equivalents |
75 |
976 |
(91) |
| Net increase/(decrease) in cash and cash equivalents |
(10,207) |
(19,663) |
6,305 |
| Cash and cash equivalents at beginning of year |
35,869 |
55,532 |
49,227 |
| Cash and cash equivalents at end of year |
25,662 |
35,869 |
55,532 |
| Supplemental disclosure of cashflow information: |
|
|
|
| Payable for purchase of property and equipment |
8,108 |
3,422 |
|
| Cash paid during the year for: |
|
|
|
| Interest paid |
887 |
800 |
256 |
| Income tax paid |
$ 44 |
|
|