| Himax Technologies, Inc. (the Parent Company only) |
Note 30. Himax Technologies, Inc. (the Parent Company only) As a holding company, dividends received from Himax Technologies, Inc.’s subsidiaries in Taiwan, if any, will be subjected to withholding tax under ROC law as well as statutory and other legal restrictions. The condensed separate financial information of Himax Technologies, Inc. is presented as follows: Condensed Statements of Financial Position | | | | | | | | December 31, | | December 31, | | | 2024 | | 2025 | | | | (in thousands) | Cash | | $ | 11,632 | | 1,534 | Other current assets | | | 2,969 | | 2,874 | Financial asset at fair value through profit or loss | | | 20,768 | | 24,981 | Investments in subsidiaries and affiliates | | | 1,630,045 | | 1,707,455 | Total assets | | $ | 1,665,414 | | 1,736,844 | | | | | | | Current liabilities | | $ | 445 | | 456 | Current portion of long-term unsecured borrowings | | | 6,000 | | 6,000 | Short-term secured borrowings | | | 503,700 | | 568,200 | Debt borrowing from a subsidiary | | | 236,708 | | 246,296 | Long-term unsecured borrowings | | | 28,500 | | 22,500 | Total equity | | | 890,061 | | 893,392 | Total liabilities and equity | | $ | 1,665,414 | | 1,736,844 |
Himax Technologies, Inc. had no guarantees as of December 31, 2024 and 2025. Condensed Statements of Profit or Loss | | | | | | | | | | Year ended December 31, | | | 2023 | | 2024 | | 2025 | | | | (in thousands) | Revenues | | $ | — | | — | | — | Costs and expenses | | | 547 | | 618 | | 562 | Operating loss | | | (547) | | (618) | | (562) | Interest income | | | 268 | | 543 | | 462 | Changes in fair value of financial assets at fair value through profit or loss | | | 1,639 | | 1,238 | | 1,063 | Foreign currency exchange gains (losses), net | | | (102) | | (166) | | 15 | Finance costs | | | (12,371) | | (11,201) | | (3,301) | Loss on re-measurement of the pre-existing relationships in a business combination | | | (1,932) | | — | | — | Share of profits of subsidiaries and affiliates | | | 63,661 | | 89,959 | | 46,260 | Profit before income taxes | | | 50,616 | | 79,755 | | 43,937 | Income tax expense | | | — | | — | | — | Profit for the year | | $ | 50,616 | | 79,755 | | 43,937 |
Condensed Statements of Other Comprehensive Income | | | | | | | | | | Year Ended December 31, | | | 2023 | | 2024 | | 2025 | | | | (in thousands) | Profit for the year | | $ | 50,616 | | 79,755 | | 43,937 | Other comprehensive income: | | | | | | | | Items that will not be reclassified to profit or loss: | | | | | | | | Remeasurements of defined benefit pension plans | | | 8 | | — | | — | Unrealized gain on financial assets at fair value through other comprehensive income | | | 152 | | 9,427 | | 27,810 | Income tax related to items that will not be reclassified subsequently | | | 1 | | — | | — | Items that may be reclassified subsequently to profit or loss: | | | | | | | | Foreign operations - foreign currency translation differences | | | (123) | | (626) | | 273 | Other comprehensive income for the year, net of tax | | | 38 | | 8,801 | | 28,083 | Total comprehensive income for the year | | $ | 50,654 | | 88,556 | | 72,020 |
Condensed Statements of Cash Flows | | | | | | | | | | Year ended December 31, | | | 2023 | | 2024 | | 2025 | | | | (in thousands) | Cash flows from operating activities: | | | | | | | | Profit for the year | | $ | 50,616 | | 79,755 | | 43,937 | Adjustments for: | | | | | | | | Changes in fair value of financial assets at fair value through profit or loss | | | (1,639) | | (1,238) | | (1,063) | Interest income | | | (268) | | (543) | | (462) | Finance costs | | | 12,371 | | 11,201 | | 3,301 | Share of profits of subsidiaries and affiliates | | | (63,661) | | (89,959) | | (46,260) | Loss on re-measurement of the pre-existing relationships in a business combination | | | 1,932 | | — | | — | Unrealized foreign currency exchange losses | | | 96 | | — | | — | | | | (553) | | (784) | | (547) | Changes in: | | | | | | | | Other current assets | | | (1) | | (200) | | 9 | Other current liabilities | | | 96 | | 55 | | 342 | Cash generated from operating activities | | | (458) | | (929) | | (196) | Interest received | | | 218 | | 329 | | 33 | Interest paid | | | (5,891) | | (3,783) | | (3,502) | Net cash used in operating activities | | | (6,131) | | (4,383) | | (3,665) | Cash flows from investing activities: | | | | | | | | Acquisitions of financial asset at amortized cost | | | (185) | | (62) | | — | Proceeds from disposals of financial asset at amortized cost | | | — | | 5,481 | | — | Acquisitions of financial assets at fair value through profit or loss | | | (4,166) | | (5,064) | | (3,150) | Acquisitions of financial assets at fair value through other comprehensive income | | | — | | (1,000) | | (2,500) | Acquisitions of equity method investments | | | — | | (1,236) | | (1,470) | Net cash used in investing activities | | | (4,351) | | (1,881) | | (7,120) | Cash flows from financing activities: | | | | | | | | Purchase of treasury stock | | | — | | (832) | | (4,514) | Prepayments for purchase of treasury stock | | | — | | (2,168) | | 514 | Payments of cash dividends | | | (83,720) | | (50,670) | | (64,492) | Payments of dividend equivalents | | | (148) | | (233) | | (218) | Repayments of long-term unsecured borrowings | | | (6,000) | | (6,000) | | (6,000) | Proceeds from short-term secured borrowings | | | 1,383,300 | | 1,780,300 | | 2,139,800 | Repayments of short-term secured borrowings | | | (1,299,600) | | (1,729,600) | | (2,075,300) | Proceeds from issue of RSUs from subsidiaries | | | 2,343 | | 2,460 | | 1,318 | Proceeds from debt from a subsidiary | | | 182,230 | | 203,230 | | 212,809 | Repayments of debt from a subsidiary | | | (167,230) | | (182,230) | | (203,230) | Net cash provided by financing activities | | | 11,175 | | 14,257 | | 687 | Net increase in cash | | | 693 | | 7,993 | | (10,098) | Cash at beginning of year | | | 2,946 | | 3,639 | | 11,632 | Cash at end of year | | $ | 3,639 | | 11,632 | | 1,534 |
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