CEVA INC
For the period ended Dec 31, 2023. Filed Mar 7, 2024.
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FY2023 · Filed Mar 7, 2024
CEVA$24.45-1.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
| Year ended December 31, | |||
|---|---|---|---|
| 2021 | 2022 | 2023 | |
| Cash flows from operating activities: | |||
| Net income (loss) | $396 | $(23,183) | $(11,878) |
| Adjustments required to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
| Depreciation | 3,184 | 3,190 | 2,887 |
| Amortization of intangible assets | 3,801 | 4,371 | 1,996 |
| Impairment of intangible assets | — | 3,556 | — |
| Equity-based compensation | 13,055 | 14,505 | 16,198 |
| Realized loss (gain), net on sale of available-for-sale marketable securities | (13) | 55 | (90) |
| Amortization of premiums (discounts) on available-for-sale marketable securities | 420 | 397 | (124) |
| Unrealized foreign exchange (gain) loss, net | 1,163 | (351) | (560) |
| Gain on sale of Intrinsix, gross (see note 1) | — | — | (11,557) |
| Remeasurement of marketable equity securities | (1,983) | 2,511 | 2 |
| Changes in operating assets and liabilities: | |||
| Trade receivables, net | 5,842 | (3,749) | (25) |
| Prepaid expenses and other assets | 3,604 | (1,126) | (4,850) |
| Operating lease right-of-use assets | 225 | (1,456) | 3,305 |
| Accrued interest on bank deposits | (65) | 144 | (237) |
| Deferred taxes, net | (6,305) | 7,811 | 6,684 |
| Trade payables | 404 | 511 | (818) |
| Deferred revenues | 5,053 | (5,493) | (27) |
| Accrued expenses and other payables | (1,737) | 333 | (182) |
| Accrued payroll and related benefits | (875) | 984 | (3,737) |
| Operating lease liability | (232) | 1,504 | (3,273) |
| Income taxes payable | 189 | 2,127 | 67 |
| Accrued severance pay, net | (322) | 283 | (112) |
| Net cash provided by (used in) operating activities | 25,804 | 6,924 | (6,331) |
| Cash flows from investing activities: | |||
| Business combination (see note 1) | (29,891) | — | (3,600) |
| Purchase of property and equipment | (2,193) | (3,499) | (2,884) |
| Proceeds from the sale of Intrinsix, net (see note 1) | — | — | 30,589 |
| Investment in bank deposits | (1,500) | (14,000) | (2,000) |
| Proceeds from bank deposits | 19,989 | 30,885 | 6,000 |
| Investment in available-for-sale marketable securities | (39,192) | (49,873) | (40,026) |
| Proceeds from maturity of available-for-sale marketable securities | 26,043 | 18,196 | 10,340 |
| Proceeds from sale of available-for-sale marketable securities | 10,035 | 3,175 | 12,417 |
| Net cash provided by (used in) investing activities | (16,709) | (15,116) | 10,836 |
| Cash flows from financing activities: | |||
| Purchase of treasury stock | — | (6,785) | (6,163) |
| Proceeds from exercise of stock-based awards | 3,242 | 3,479 | 3,393 |
| Net cash provided by (used in) financing activities | 3,242 | (3,306) | (2,770) |
| Effect of exchange rate changes on cash and cash equivalents | (327) | (370) | 267 |
| Increase (decrease) in cash and cash equivalents | 12,010 | (11,868) | 2,002 |
| Cash and cash equivalents at the beginning of the year | 21,143 | 33,153 | 21,285 |
| Cash and cash equivalents at the end of the year | $33,153 | $21,285 | $23,287 |
Ceva, INC.
| Year ended December 31, | |||
|---|---|---|---|
| 2021 | 2022 | 2023 | |
| Supplemental information of cash-flows activities: | |||
| Cash paid during the year for: | |||
| Income and withholding taxes | $9,183 | $10,193 | $7,398 |
| Non-cash transactions: | |||
| Transaction costs related to the Intrinsix but unpaid at the end of the year | $— | $— | $25 |
| Property and equipment purchases incurred but unpaid at the end of the year | $59 | $25 | $— |
| Right-of-use assets obtained in the exchange for operating lease liabilities | $2,679 | $5,009 | $1,100 |
| Reconciliation of cash and cash equivalents as shown in the condensed consolidated statements of cash flow: | |||
| Cash and cash equivalents in the Consolidated Balance Sheets | $32,642 | $20,116 | $23,287 |
| Cash and cash equivalents included in assets of discontinued operation | 511 | 1,169 | — |
| Total cash and cash equivalents in the Consolidated Statements of Cash Flows | $33,153 | $21,285 | $23,287 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.