Incredimail 2012 Annual Report Download - page 101

PERION NETWORK LTD. AND ITS SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
U.S. dollars in thousands
The accompanying notes are an integral part of the consolidated financial statements.
Year ended December 31,
2010
2011
2012
Cash flows from financing activities:
Exercise of share options
375
30
76
Excess tax benefit from share
-
based payment arrangements
209
-
-
Deferred payment made in connection with acquisitions
-
-
(6,626
)
Proceeds from long
-
term loans
-
-
10,000
Repayment of long
-
term loans
-
-
(1,150
)
Dividend paid
(8,477
)
(3,885
)
-
Net cash provided by (used in) financing activities
(7,893
)
(3,855
)
2,300
Increase (decrease) in cash and cash equivalents
(8,313
)
(4,795
)
10,502
Cash and cash equivalents at beginning of year
24,368
16,055
11,260
Cash and cash equivalents at end of year
$
16,055
$
11,260
$
21,762
Supplemental disclosure of cash flow activities:
Cash paid during the year for:
Income taxes
$
2,719
$
3,200
$
2,828
Interest paid
$
-
$
-
$
291
Supplemental disclosure of non
-
cash investing activities:
Purchase of property and equipment on credit
$
418
$
-
$
-
Issuance of shares in connection with the acquisitions
$
-
$
750
$
18,200
stock-based compensation that was capitalized as part of capitalization of software
development costs
$
-
$
17
$
29
F
-
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