Himax Technologies, Inc. Reports Fourth Quarter and Full Year 2016 Financial Results; Provides First Quarter 2017 Guidance
|
Himax Technologies, Inc. | |
Unaudited Condensed Consolidated Statements of Income | |
(Amounts in Thousands of U.S. Dollars, Except
Share and
Per Share Data) | |
| |
|
|
Twelve
Months
Ended
December
3
1
,
| |
|
|
| |
2016 | |
| |
20
1
5 | | |
|
|
|
| |
| |
Revenues |
|
|
$ |
802,917 | |
|
$ |
691,789 | | |
| | | | | | |
Costs and expenses: | | | | | | | Cost of revenues | | | | 608,605 | | | | 528,651 | | | Research and development | | | | 95,820 | | | | 94,422 | | | General and administrative | | | | 20,119 | | | | 18,470 | | | Sales and marketing | | | | 19,138 | | | | 19,574 | | |
Total costs and expenses |
|
| |
743,682 | | | |
661,117 | | |
| |
|
| |
| |
Operating income |
|
| |
59,235 | | | |
30,672 | | |
| | | | | | |
Non operating
income
(loss)
: | | | | | | | Interest income | | | | 1,221 | | | | 710 | | | Dividend income | | | | 700 | | | | - | | | Gains on sale of securities, net | | | | 10 | | | | 1,993 | | | Equity in losses of equity method investees | | | | (1,277 | ) | | | (77 | ) | | Foreign currency exchange gains (losses), net | | | | 167 | | | | (43 | ) | | Interest expense | | | | (633 | ) | | | (514 | ) | | Other income (losses), net | | | | (5 | ) | | | 126 | | | | | | | 183 | | | | 2,195 | | |
Earnings
before income tax
es | | | | 59,418 | | | | 32,867 | | | Income tax expense | | | | 10,671 | | | | 11,405 | | |
Net income | | | | 48,747 | | | | 21,462 | | |
Net loss attributable to noncontrolling interests | | | | 2,165 | | | | 3,733 | | |
Net income
attributable to Himax
Technologies, Inc.
stockholders |
|
|
$ |
50,912 | | |
$ |
25,195 | | |
|
|
|
| |
| |
Basic earnings per ADS attributable to Himax
Technologies, Inc.
stockholders |
|
|
$ |
0.
295 | | |
$ |
0.
147 | | |
Diluted earnings per ADS attributable to Himax
Technologies, Inc.
stockholders |
|
|
$ |
0.
295 | | |
$ |
0.
146 | | |
|
| | | | | |
Basic Weighted Average Outstanding ADS |
|
| |
1
72,327 | | | |
1
71
,
785 | | |
Diluted Weighted Average Outstanding ADS |
|
| |
17
2,362 | | | |
17
2,066 | |
|
