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DSPG » Topics » (US dollars in thousands)

This excerpt taken from the DSPG 10-Q filed May 11, 2009.

(U.S. dollars in thousands)

 

     Three Months Ended
March 31,		  
     2009     2008  

Net cash provided by (used in) operating activities

    $ 4,546     $ (151 )

Investing activities

     

Purchase of marketable securities and short-term investments

      (21,880 )     (10,034 )

Proceeds from maturity and sale of marketable securities and short-term investments

      15,344       41,856  

Investment in a restricted deposit

      —         (3,293 )

Purchases of property and equipment

      (1,177 )     (4,097 )

Payment of transaction costs related to the acquisition of the cordless and VoIP terminals business of NXP B.V. (1)

      —         (589 )
                

Net cash provided by (used in) investing activities

      (7,713 )     23,843  

Financial activities

     

Purchase of treasury stock

      (20,028 )     (23,941 )

Issuance of common stock and treasury stock for cash upon exercise of options

      —         68  
                

Net cash used in financing activities

      (20,028 )     (23,873 )
                

Decrease in cash and cash equivalents

    $ (23,195 )   $ (181 )
                

Cash erosion due to exchange rate differences

      (407 )     149  
                

Cash and cash equivalents at the beginning of the period

    $ 68,886     $ 69,586  
                

Cash and cash equivalents at the end of the period

    $ 45,284     $ 69,554  
                

 

(1) On September 4, 2007, the Company acquired certain assets and assumed certain liabilities of the cordless and VoIP terminals business of NXP B.V.

 

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Table of Contents

DSP GROUP, INC.

This excerpt taken from the DSPG 10-K filed Mar 13, 2009.

U.S. dollars in thousands

 

     December 31,
     2008    2007

ASSETS

      

CURRENT ASSETS:

      

Cash and cash equivalents

    $ 68,886    $ 69,586

Restricted deposits

      115      —  

Marketable securities and short-term deposits

      12,449      63,682

Trade receivables, net

      39,603      51,636

Deferred income taxes

      306      4,011

Other accounts receivable and prepaid expenses

      14,607      7,705

Inventories

      14,098      16,361

Related party receivable

      2,760      468
             

TOTAL CURRENT ASSETS

      152,824      213,449
             

PROPERTY AND EQUIPMENT, NET

      14,822      14,270
             

LONG-TERM ASSETS:

      

Long-term marketable securities

      40,051      34,469

Long-term prepaid expenses and lease deposits

      1,331      694

Deferred income taxes

      212      5,109

Severance pay fund

      7,286      6,883

Intangible assets, net

      32,728      95,234

Goodwill

      —        142,735
             
     81,608      285,124
             

TOTAL ASSETS

    $ 249,254    $ 512,843
             

The accompanying notes are an integral part of the consolidated financial statements.

 

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DSP GROUP INC.

This excerpt taken from the DSPG 10-Q filed Nov 10, 2008.

(US dollars in thousands)

 

     Nine Months Ended
September 30,		  
     2008     2007  

Net cash provided by operating activities

    $ 8,214     $ 23,159  

Investing activities

     

Purchase of marketable securities and short-term investments

      (44,430 )     (56,675 )

Proceeds from maturity and sale of marketable securities and short-term investments

      83,338       242,681  

Proceeds from sale of property and equipment

      —         46  

Purchases of property and equipment

      (7,955 )     (2,613 )

Payment of transaction costs related to the acquisition of the cordless and VoIP terminals business of NXP B.V. (1)

      (843 )     (201,081 )
                

Net cash provided by investing activities

      30,110       (17,642 )

Financial activities

     

Purchase of treasury stock

      (43,710 )     (7,730 )

Issuance of common stock and treasury stock for cash upon exercise of options

      101       3,055  
                

Net cash used in financing activities

      (43,609 )     (4,675 )
                

Increase (decrease) in cash and cash equivalents

    $ (5,285 )   $ 842  
                

Cash erosion due to exchange rate differences

      (212 )     6  
                

Cash and cash equivalents at the beginning of the period

    $ 69,586     $ 37,344  
                

Cash and cash equivalents at the end of the period

    $ 64,089     $ 38,192  
                

 

(1) On September 4, 2007, the Company acquired certain assets and assumed certain liabilities of the cordless and VoIP terminals business of NXP B.V.

See notes to condensed consolidated financial statements.

 

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DSP GROUP, INC.

This excerpt taken from the DSPG 10-Q filed Aug 11, 2008.

(US dollars in thousands)

 

     Six Months Ended
June 30,		  
     2008     2007  

Net cash provided by operating activities

    $ 572     $ 14,630  

Investing activities

     

Purchase of marketable securities and short-term investments

      (36,399 )     (56,675 )

Proceeds from maturity of marketable securities and short-term investments

      67,797       71,790  

Purchases of property and equipment

      (6,578 )     (1,747 )

Payment of transaction costs related to the acquisition of the cordless and VoIP terminals business of NXP B.V. (1)

      (843 )     —    
                

Net cash provided by investing activities

      23,977       13,368  

Financial activities

     

Purchase of treasury stock

      (37,669 )     (7,730 )

Issuance of common stock and treasury stock for cash upon exercise of options

      101       2,753  
                

Net cash used in financing activities

      (37,568 )     (4,977 )
                

Increase (decrease) in cash and cash equivalents

    $ (13,019 )   $ 23,021  
                

Cash erosion due to exchange rate differences

      78       —    
                

Cash and cash equivalents at the beginning of the period

    $ 69,586     $ 37,344  
                

Cash and cash equivalents at the end of the period

    $ 56,645     $ 60,365  
                

 

(1) On September 4, 2007, the Company acquired certain assets and assumed certain liabilities of the cordless and VoIP terminals business of NXP B.V.

See notes to condensed consolidated financial statements.

 

5

Table of Contents

DSP GROUP, INC.

This excerpt taken from the DSPG 10-Q filed May 9, 2008.

(U.S. dollars in thousands)

 

     Three Months Ended
March 31,		  
     2008     2007  

Net cash provided by (used in) operating activities

    $ (151 )   $ 7,122  

Investing activities

     

Purchase of marketable securities and short-term investments

      (10,034 )     (49,287 )

Proceeds from maturity and sale of marketable securities and short-term investments

      41,856       40,300  

Investment in a restricted deposit

      (3,293 )     —    

Purchases of property and equipment

      (4,097 )     (1,212 )

Payment of transaction costs related to the acquisition of the cordless and VoIP terminals business of NXP B.V. (1)

      (589 )     —    
                

Net cash provided by (used in) investing activities

      23,843       (10,199 )

Financial activities

     

Purchase of Treasury Stock

      (23,941 )     —    

Issuance of Common Stock and Treasury Stock for cash upon exercise of options

      68       901  
                

Net cash provided by (used in) financing activities

      (23,873 )     901  
                

Decrease in cash and cash equivalents

    $ (181 )   $ (2,176 )
                

Cash erosion due to exchange rate differences

      149       —    
                

Cash and cash equivalents at the beginning of the period

    $ 69,586     $ 37,344  
                

Cash and cash equivalents at the end of the period

    $ 69,554     $ 35,168  
                

 

(1) On September 4, 2007, the Company acquired certain assets and assumed certain liabilities of the cordless and VoIP terminals business of NXP B.V.

 

5

Table of Contents

DSP GROUP, INC.

This excerpt taken from the DSPG 10-K filed Mar 17, 2008.

U.S. dollars in thousands

 

     December 31,
     2007    2006

ASSETS

      

CURRENT ASSETS:

      

Cash and cash equivalents

    $ 69,586    $ 37,344

Short-term investment

      —        22,698

Marketable securities

      63,682      109,472

Trade receivables, net

      51,636      21,489

Deferred income taxes

      4,011      1,516

Other accounts receivable and prepaid expenses

      7,705      4,049

Inventories

      16,361      14,366

Related party receivable

      468      —  
             

TOTAL CURRENT ASSETS

      213,449      210,934
             

PROPERTY AND EQUIPMENT, NET

      14,270      12,644
             

LONG-TERM ASSETS:

      

Long-term marketable securities

      34,469      179,368

Long-term prepaid expenses and lease deposits

      694      672

Deferred income taxes

      5,109      1,987

Severance pay fund

      6,883      5,689

Intangible assets, net

      95,234      1,194

Goodwill

      142,735      1,500
             
     285,124      190,410
             

TOTAL ASSETS

    $ 512,843    $ 413,988
             

 

The accompanying notes are an integral part of the consolidated financial statements.

 

51

Table of Contents

DSP GROUP INC. AND ITS SUBSIDIARIES

EXCERPTS ON THIS PAGE:

10-Q
May 11, 2009
10-K
Mar 13, 2009
10-Q
Nov 10, 2008
10-Q
Aug 11, 2008
10-Q
May 9, 2008
10-K
Mar 17, 2008

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