Exhibit 99.4
Condensed Consolidated Statements of Cash Flows
(in thousands)
(Unaudited)
Three Months Ended | ||||||||
February 2, 2020 | January 27, 2019 | |||||||
Cash flows from operating activities: | ||||||||
Net income | $ | 10,928 | $ | 7,768 | ||||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
Depreciation and amortization | 24,626 | 18,781 | ||||||
Share-based compensation | 1,356 | 1,062 | ||||||
Changes in operating assets, liabilities and other | (6,125 | ) | (46,897 | ) | ||||
Net cash provided by (used in) operating activities | 30,785 | (19,286 | ) | |||||
Cash flows from investing activities: | ||||||||
Purchases of property, plant and equipment | (13,807 | ) | (106,925 | ) | ||||
Government incentive | 2,417 | 5,029 | ||||||
Other | (139 | ) | 19 | |||||
Net cash used in investing activities | (11,529 | ) | (101,877 | ) | ||||
Cash flows from financing activities: | ||||||||
Proceeds from long-term debt | 1,140 | 28,180 | ||||||
Purchase of treasury stock | (11,000 | ) | (10,696 | ) | ||||
Repayments of long-term debt | (389 | ) | - | |||||
Proceeds from share-based arrangements | 2,886 | 650 | ||||||
Contribution from noncontrolling interest | - | 29,394 | ||||||
Dividends paid to noncontrolling interests | - | (26,102 | ) | |||||
Other | (248 | ) | (45 | ) | ||||
Net cash (used in) provided by financing activities | (7,611 | ) | 21,381 | |||||
Effect of exchange rate changes on cash, cash equivalents, and restricted cash | 149 | 2,961 | ||||||
Net increase (decrease) in cash, cash equivalents, and restrcited cash | 11,794 | (96,821 | ) | |||||
Cash, cash equivalents, and restricted cash, beginning of period | 209,291 | 331,989 | ||||||
Cash, cash equivalents, and restricted cash, end of period | $ | 221,085 | $ | 235,168 |