Net income (non-GAAP) was US$12.4 million for the fourth quarter of 2012, a decrease from US$18.7 million in the third quarter. Diluted earnings per ADS (non-GAAP) were US$0.36 in the fourth quarter, a decrease from US$0.54 in the third quarter.
GAAP net income was US$7.9 million for the fourth quarter, a decrease from the net income of US$15.6 million in the third quarter. Diluted GAAP earnings per ADS in the fourth quarter were US$0.23, a decrease from US$0.46 in the previous quarter.
Balance SheetCash and cash equivalents, and short-term investments increased to US$169.6 million at the end of the fourth quarter of 2012 from US$146.6 million at the end of the third quarter. Cash Flow Our cash flows were as follows:
|3 months ended December 31, 2012|
|(In US$ millions)|
|Depreciation & amortization||1.5|
|Changes in operating assets and liabilities||(4.3)|
|Net cash provided by (used in) operating activities||8.8|
|Acquisition of property and equipment||(1.3)|
|Net cash provided by (used in) investing activities||(1.6)|
|Net cash provided by (used in) financing activities||0.1|
|Effects of changes in foreign currency exchange rates on cash||0.9|
|Net increase (decrease) in cash and cash equivalents||8.2|