Component: (Network and Table)
Network
00500 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
(http://axt.com/role/StatementConsolidatedStatementsOfCashFlowsUnaudited)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0001051627 (http://www.sec.gov/CIK)
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)Period [Axis]
2016-01-01 - 2016-12-31
2015-01-01 - 2015-12-31
2014-01-01 - 2014-12-31
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
 
 
 
Cash flows from operating activities:
 
 
 
Net income (loss)
4,966,000  
(2,533,000) 
(697,000) 
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
 
 
 
Depreciation and amortization
4,865,000  
5,494,000  
5,639,000  
Amortization of marketable securities premium
94,000  
218,000  
432,000  
Stock-based compensation
1,096,000  
1,349,000  
1,129,000  
Provision for doubtful accounts
313,000  
211,000  
9,000  
Realized gain on sale of investments
(429,000) 
(859,000) 
(1,263,000) 
Loss (gain) on disposal of equipment
5,000  
17,000  
(13,000) 
Loss (gain) from equity method investments, net
1,995,000  
(462,000) 
(1,528,000) 
Changes in operating assets and liabilities:
 
 
 
Accounts receivable
3,465,000  
(1,076,000) 
(2,959,000) 
Inventories
(2,959,000) 
(45,000) 
479,000  
Prepaid expenses and other current assets
(1,223,000) 
1,405,000  
2,393,000  
Other assets
458,000  
542,000  
946,000  
Accounts payable
524,000  
(485,000) 
(979,000) 
Accrued liabilities
205,000  
(1,085,000) 
742,000  
Other long-term liabilities, including royalties
(871,000) 
(813,000) 
(833,000) 
Net cash provided by operating activities
12,504,000  
 
1,878,000  
 
3,497,000  
 
Cash flows from investing activities:
 
 
 
Purchases of equipment
(2,728,000) 
(4,150,000) 
(1,971,000) 
Proceeds from sale of equipment
35,000  
2,000  
13,000  
Purchases of available for sale securities
(11,936,000) 
(12,787,000) 
(11,828,000) 
Proceeds from sales and maturities of available-for-sale securities
13,516,000  
14,309,000  
13,928,000  
Investments in non-marketable equity investments
 
(162,000) 
 
Dividends received from equity method investments
 
305,000  
327,000  
Net cash provided by (used in) investing activities
(1,113,000) 
 
(2,483,000) 
 
469,000  
 
Cash flows from financing activities:
 
 
 
Proceeds from common stock options exercised
1,337,000  
165,000  
134,000  
Repurchases of the Company's common stock, including commission
 
(2,287,000) 
 
Dividends paid by joint ventures to their minority share holders
(39,000) 
(112,000) 
(166,000) 
Net cash provided by (used in) financing activities
1,298,000  
 
(2,234,000) 
 
(32,000) 
 
Effect of exchange rate changes on cash and cash equivalents
(1,412,000) 
(1,100,000) 
(81,000) 
Net increase (decrease) in cash and cash equivalents
11,277,000  
 
(3,939,000) 
 
3,853,000  
 
Cash and cash equivalents at the beginning of the period
24,875,000  
28,814,000  
 
Cash and cash equivalents at the end of the period
36,152,000  
 
24,875,000  
 
28,814,000  
 
Supplemental disclosures:
 
 
 
Income taxes paid, net of refunds
788,000  
284,000  
293,000