INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS
U.S. dollars in thousands
Nine months Three months Year ended ended ended December September 30, September 30, 31, 2011 2010 2011 2010 2010 Unaudited Proceeds from sale of investments in previously consolidated (a) subsidiaries: The subsidiaries' assets and liabilities at date of sale: Working capital (excluding cash and cash equivalents) $ 281 $ - $ 281 $ - $ - Non-controlling interests (432) - (432) - - Gain from sale of subsidiaries Receivables for sale of investments in subsidiaries 111 111 $ 40 $ - $ 40 $ - $ -
U.S. dollars in thousandsThe following table reconciles the GAAP to non-GAAP operating results: Non GAAP Net income
Nine months Three months Year ended ended ended September 30 September 30 December 31 2011 2010 2011 2010 2010 Unaudited GAAP Net income as reported: $ 566 $ 1,626 $ 89 $ 540 $ 1,958 Amortization of intangible assets 2,116 2,057 703 676 2,752 Stock based compensation expenses 352 94 122 22 121 non-cash tax expenses resulting from timing differences relating to the amortization of acquisition-related intangible assets and goodwill 479 451 163 150 604 Non-GAAP Net income $ 3,513 $ 4,228 $ 1,077 $ 1,388 $ 5,435Adjusted EBITDA
Nine months Three months Year ended ended ended September 30 September 30 December 31 2011 2010 2011 2010 2010 Unaudited GAAP Net income as reported: $ 566 $ 1,626 $ 89 $ 540 $ 1,958 One time charge attributable to efforts to expand services to Israeli insurance companies 486 - - - - Financial expenses, net 1,370 1,516 520 522 1,976 Tax on income 950 1,323 257 331 1,524 Depreciation and amortization 4,646 4,160 1,578 1,419 5,568 Non-GAAP Adjusted EBITDA $ 8,018 $ 8,625 $ 2,444 $ 2,812 $ 11,026- - - - - - - - - - - -
Contact: Zvi Fried, V.P. and Chief Financial Officer Chen Livne,Gelbart-Kahana Tel.; +972-3-572-3111 Investor relations E-mail: firstname.lastname@example.org Tel: +972-54-302-2983 E-mail: email@example.comSOURCE Pointer Telocation Ltd
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV