| |
|
Year ended December 31, |
| |
|
2006 |
2007 |
2008 |
| |
|
|
|
|
| |
Net income (loss) |
$ 12,973 |
$ 4,833 |
$ (13,649) |
| |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activitiesˇG |
|
|
|
| |
ˇ@Gain on disposal of property, plant and equipment |
(136) |
(802) |
(4) |
| |
ˇ@Depreciation |
8,989 |
9,079 |
7,646 |
| |
ˇ@Deferred income taxes |
(423) |
(1,969) |
(145) |
| |
ˇ@Allowance (recovery) for doubtful accounts |
1,221 |
3,295 |
12 |
| |
ˇ@Allowance (recovery) for inventory reserve |
2,017 |
(1,272) |
25,145 |
| |
ˇ@Share of net gain of equity investees |
(73) |
(124) |
142 |
| |
ˇ@Impairment of long lived assets |
196 |
ˇX |
ˇX |
| |
ˇ@Impairment of investments |
86 |
95 |
ˇX |
| |
ˇ@Loss (gain) on sale of investments |
729 |
(35) |
ˇX |
| |
ˇ@Gain on liquidation of subsidiary |
(1,801) |
ˇX |
ˇX |
| |
ˇ@Pension benefits recognized under SFAS 158 |
ˇX |
(71) |
7 |
| |
ˇ@Adoption of FIN 48 as of January 1, 2007 |
ˇX |
(1,889) |
ˇX |
| |
ˇ@Minority interests |
9,330 |
2,029 |
(8,551) |
| |
ˇ@Foreign currency translation adjustment |
(1,192) |
(7,662) |
2,889 |
| |
ˇ@Changes in operating assets and liabilities net of acquisitions of ˇ@businessˇG |
|
|
|
| |
ˇ@ˇ@ˇ@Accounts receivable |
(35,809) |
(13,613) |
36,193 |
| |
ˇ@ˇ@ˇ@Inventories |
(52,017) |
4,854 |
7,724 |
| |
ˇ@ˇ@ˇ@Other current assets |
(6,739) |
2,372 |
406 |
| |
ˇ@ˇ@ˇ@Amounts due to related parties |
3,827 |
(1,609) |
(4,274) |
| |
ˇ@ˇ@ˇ@Accounts payable, accrued expenses and other liabilities |
15,892 |
4,395 |
6,506 |
| |
Net cash (used in) provided by operating activities
|
(42,930) |
1,906 |
60,047 |
| |
|
|
|
|
| |
|
|
|
|
| |
(Increase) decrease in restricted short-term bank deposits |
(1,056) |
(3,156) |
1,941 |
| |
Increase (decrease) in unrestricted short-term bank deposits |
8,619 |
518 |
(5,906) |
| |
Purchases of property, plant and equipment |
(5,202) |
(2,650) |
(3,383) |
| |
Proceeds from disposal of property, plant and equipment |
574 |
1,414 |
416 |
| |
Acquisition of additional investment in subsidiary |
(477) |
ˇX |
ˇX |
| |
Proceeds from disposal of investments |
626 |
65 |
ˇX |
| |
Disposal of other assets |
190 |
ˇX |
2,368 |
| |
Purchases of other assets |
ˇX |
(239) |
(592) |
| |
Net cash provided by (used in) investing activities
|
3,274 |
(4,048) |
(5,156) |
| |
|
| |
|
|
|
|
| |
Repayments of long-term debt |
(5,026) |
(2,237) |
(240) |
| |
Repayments of bank loans |
(19,048) |
(21,671) |
(54,643) |
| |
Proceeds from bank loans |
65,516 |
28,275 |
10,431 |
| |
Net increase (decrease) in overdrafts |
354 |
(416) |
ˇX |
| |
Net cash provided by (used in) financing activities
|
41,796 |
3,951 |
(44,452) |
| |
|
|
|
|
| |
Effect of exchange rate changes on cash and cash equivalents
|
1,776 |
2,654 |
(2,056) |
| |
|
|
|
|
| |
Net increase in cash and cash equivalents
|
3,916 |
4,463 |
8,383 |
| |
Cash and cash equivalents at beginning of year
|
20,748 |
24,664 |
29,127 |
| |
|
|
|
|
| |
Cash and cash equivalents at end of year
|
$ 24,664 |
$ 29,127 |
$ 37,510 |
|
