| |
|
Year ended December 31, |
| |
|
2008 |
2009 |
2010 |
| |
|
|
|
|
| |
Net income (loss) |
$ (13,649) |
$ 10,089 |
$ 14,140 |
| |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities: |
|
|
|
| |
¡@Loss (gain) on disposal of property, plant and equipment |
(4) |
6 |
(93) |
| |
¡@Depreciation |
7,646 |
8,941 |
6,857 |
| |
¡@Deferred income taxes |
(145) |
1,196 |
(213) |
| |
¡@(Recovery) allowance for doubtful accounts |
12 |
(860) |
(1,317) |
| |
¡@(Recovery) allowance for inventory reserve |
25,145 |
(23,949) |
(1,974) |
| |
¡@Share of net loss (gain) of equity investees |
142 |
40 |
21 |
| |
¡@Impairment of long-lived assets |
— |
77 |
— |
| |
¡@Impairment of investments |
— |
¡X |
346 |
| |
¡@Gain on sale of investments |
— |
|
|
| |
¡@Gain on liquidation of subsidiaries |
— |
(568) |
— |
| |
¡@Pension liability adjustments |
7 |
(4) |
14 |
| |
¡@Adoption of FASB Interpretation No. 48 (codified within ASC 740) as ¡@of January 1, 2007 |
— |
¡X |
— |
| |
¡@Non-controlling interests |
(8,551) |
4,139 |
11,247 |
| |
¡@Foreign currency translation adjustment |
2,889 |
623 |
(284) |
| |
¡@Changes in operating assets and liabilities net of acquisitions of
business: |
|
|
|
| |
¡@¡@¡@Accounts receivable |
36,193 |
(552) |
(31,779) |
| |
¡@¡@¡@Inventories |
7,724 |
30,069 |
(8,595) |
| |
¡@¡@¡@Other current assets |
406 |
2,470 |
(1,510) |
| |
¡@¡@¡@Amounts due to related parties |
(4,274) |
(7,303) |
(4,026) |
| |
¡@¡@¡@Other long term assets |
406 |
740 |
1,165 |
| |
¡@¡@¡@Accounts payable, accrued expenses and other liabilities |
6,506 |
(6,747) |
13,365 |
| |
Net cash provided by operating activities
|
60,047 |
18,407 |
(2,636) |
| |
|
|
|
|
| |
|
|
|
|
| |
Decrease (increase) in restricted short-term bank deposits |
1,941 |
2,428 |
(3,066) |
| |
Increase (decrease) in unrestricted short-term bank deposits |
(5,906) |
7,756 |
— |
| |
Purchases of property, plant and equipment |
(3,383) |
(3,260) |
(3,653) |
| |
Proceeds from disposal of property, plant and equipment |
416 |
153 |
147 |
| |
Decrease in investment in equity investee |
— |
800 |
— |
| |
Proceeds from disposal of investments |
— |
¡X |
— |
| |
Proceeds from disposal of other assets |
2,368 |
— |
— |
| |
Purchases of other assets |
(592) |
— |
— |
| |
Net cash provided by (used in) investing activities
|
(5,156) |
7,877 |
(6,572) |
| |
|
| |
|
|
|
|
| |
Repayments of long-term debt |
(240) |
— |
— |
| |
Repayments of bank loans |
(54,643) |
(30,733) |
(19,608) |
| |
Proceeds from bank loans |
10,431 |
9,023 |
46,021 |
| |
Net decrease in overdrafts |
— |
¡X |
— |
| |
Net cash (used in) provided by financing activities
|
(44,452) |
(21,710) |
26,413 |
| |
|
|
|
|
| |
Effect of exchange rate changes on cash and cash equivalents
|
(2,056) |
(550) |
4,478 |
| |
|
|
|
|
| |
Net increase in cash and cash equivalents
|
8,383 |
4,024 |
21,683 |
| |
Cash and cash equivalents at beginning of year
|
29,127 |
37,510 |
41,534 |
| |
|
|
|
|
| |
Cash and cash equivalents at end of year
|
$ 37,510 |
$ 41,534 |
$ 63,217 |
| |
Supplemental disclosure of cash flow information:
|
|
|
|
| |
|
$ 6,037 |
$ 2,918 |
— |
| |
Cash paid for income taxes
|
5,177 |
1,900 |
— |
|
