Incredimail 2013 Annual Report Download - page 103
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 |
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,
2011
2012
2013
Financing activities:
Exercise of share options
30
76
-
Payments made in connection with acquisitions
-
(6,626
)
(9,529
)
Proceeds from long
-
term loans
-
10,000
-
Repayment of long
-
term loans
-
(1,150
)
(2,300
)
Dividend paid
(3,885
)
-
-
Net cash provided by (used in) financing activities
(3,855
)
2,300
(11,829
)
Increase (decrease) in cash and cash equivalents
(4,795
)
10,502
1,602
Cash and cash equivalents at beginning of year
16,055
11,260
21,762
Cash and cash equivalents at end of year
$
11,260
$
21,762
$
23,364
Supplemental disclosure of cash flow activities:
Cash paid during the year for:
Income taxes
$
3,200
$
2,828
$
6,131
Interest paid
$
-
$
291
$
363
Supplemental disclosure of non
-
cash investing activities:
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
24
F
-
11