Lattice Semiconductor Corporation
Consolidated Statements of Cash Flows
(in thousands)
(unaudited)
 
    Nine Months Ended
   

September 29,
2018

 

September 30,
2017

Cash flows from operating activities:        
Net loss   $ (19,201 )   $ (63,349 )
Adjustments to reconcile net loss to net cash provided by operating activities:        
Depreciation and amortization   30,740     45,591  
Impairment of acquired intangible assets   12,486     36,198  
Amortization of debt issuance costs and discount   1,847     1,680  
(Gain) loss on sale or maturity of marketable securities   (18 )   237  
Gain on forward contracts   (105 )   (72 )
Stock-based compensation expense   9,908     9,286  
Gain on disposal of fixed assets   (135 )   (197 )
Gain on sale of building       (4,624 )
Loss on sale of assets and business units       1,496  
Impairment of cost-method investment   266     692  
Changes in assets and liabilities:        
Accounts receivable, net   (18,736 )   20,687  
Inventories   13,892     1,519  
Prepaid expenses and other assets   (11,729 )   3,839  
Accounts payable and accrued expenses (includes restructuring)   1,661     (17,901 )
Accrued payroll obligations   (557 )   (2,002 )
Income taxes payable   309     (711 )
Deferred income and allowances on sales to distributors       3,862  
Deferred licensing and services revenue   (68 )   (485 )
Net cash provided by operating activities   20,560     35,746  
Cash flows from investing activities:        
Proceeds from sales of and maturities of short-term marketable securities   5,000     9,689  
Purchases of marketable securities   (9,603 )   (7,420 )
Proceeds from sale of building       7,895  
Cash paid for costs of sale of building       (1,004 )
Capital expenditures   (6,178 )   (12,325 )
Proceeds from sale of assets and business unit, net of cash sold       967  
Short-term loan to cost-method investee       (2,000 )
Cash paid for software licenses   (6,144 )   (6,472 )
Net cash used in investing activities   (16,925 )   (10,670 )
Cash flows from financing activities:        
Restricted stock unit tax withholdings   (1,600 )   (2,787 )
Proceeds from issuance of common stock   28,051     3,452  
Repayment of debt   (27,884 )   (33,679 )
Net cash used in financing activities   (1,433 )   (33,014 )
Effect of exchange rate change on cash   (1,124 )   1,381  
Net increase (decrease) in cash and cash equivalents   1,078     (6,557 )
Beginning cash and cash equivalents   106,815     106,552  
Ending cash and cash equivalents   $ 107,893     $ 99,995  
         
Supplemental cash flow information:        
Change in unrealized (gain) loss related to marketable securities, net of tax, included in Accumulated other comprehensive loss   $ (16 )   $ 72  
Income taxes paid, net of refunds   $ 2,716     $ 2,308  
Interest paid   $ 13,976     $ 16,379  
Accrued purchases of plant and equipment   $ 332     $ 51  
Note receivable resulting from sale of assets and business units   $     $ 3,050
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