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Technology Stocks : C-Cube -- Ignore unavailable to you. Want to Upgrade?

To: John Rieman who wrote (35194)	8/14/1998 1:16:00 PM
From: Stoctrash	Read Replies (3) \| Respond to of 50808

This one is for our friendly Ice-Cube forecaster!<lol> BTW...his MO looks like "crapola" on the charts now ...so thats why he's so silent. A breach of 40 would not be so good, so Rare I hope your are watching. C-CUBE MICROSYSTEMS INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) (Unaudited) Six Months Ended June 30, ------------------------- 1998 1997 --------- --------- Cash flows from operating activities: Net income........................................ $ 20,847 $ 23,079 Adjustments to reconcile net income to net cash provided by operating activities: Extraordinary gain on repurchase of convertible notes............................. (1,138) -- Minority interest in subsidiary................. (169) (83) Depreciation and amortization................... 8,528 7,727 Deferred income taxes........................... (281) (1,133) Changes in assets and liabilities: Receivables.................................. 6,489 (2,211) Inventories.................................. (5,179) 6,596 Other current assets......................... (107) 8,730 Accounts payable............................. 12,559 (1,209) Accrued liabilities.......................... 1,739 2,274 Income taxes payable......................... 7,552 4,411 --------- --------- Net cash provided by operating activities.......... 50,840 48,181 --------- --------- Cash flows from investing activities: Sales and maturities of short-term investments..... 24,646 4,000 Purchases of short-term investments................ (5,408) (7,496) Capital expenditures............................... (9,382) (8,674) Other assets....................................... 241 154 --------- --------- Net cash provided by (used in) investing activities 10,097 (12,016) --------- --------- Cash flows from financing activities: Repayments of capital lease obligations............ (491) (283) Sale of common stock............................... 6,537 4,737 Collection of stockholder notes receivable......... -- 305 Repurchase of convertible subordinated notes....... (17,468) -- --------- --------- Net cash provided by (used in) financing activities (11,422) 4,759 --------- --------- Exchange rate impact on cash and equivalents......... (51) (36) --------- --------- Net increase in cash and equivalents................. 49,464 40,888 Cash and equivalents, beginning of period............ 145,034 76,241 --------- --------- Cash and equivalents, end of period.................. $194,498 $117,129 ========= ========= Supplemental schedule of noncash investing and financing activities: Unrealized loss on investments..................... $ (13) $ (25) Forgiveness of note payable for production capacity rights.................................. -- 24,500 Cash paid during the period for: Interest........................................ $ 2,899 $ 2,726 Income taxes.................................... 941 3,685