Himax Technologies, Inc. Reports Fourth Quarter and Full Year

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

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