| POWER INTEGRATIONS, INC. | ||||||||||||||
| CONSOLIDATED BALANCE SHEETS | ||||||||||||||
|
(in thousands) |
||||||||||||||
|
September 30,
|
June 30,
|
December 31,
|
||||||||||||
| ASSETS | ||||||||||||||
| CURRENT ASSETS: | ||||||||||||||
| Cash and cash equivalents | $ | 78,118 | $ | 85,426 | $ | 63,394 | ||||||||
| Short-term marketable securities | 102,051 | 59,630 | 31,766 | |||||||||||
| Accounts receivable | 15,101 | 15,772 | 7,326 | |||||||||||
| Inventories | 40,212 | 43,199 | 44,625 | |||||||||||
| Deferred tax assets | 344 | 344 | 352 | |||||||||||
| Prepaid expenses and other current assets | 15,557 | 12,097 | 17,401 | |||||||||||
| Total current assets | 251,383 | 216,468 | 164,864 | |||||||||||
| PROPERTY AND EQUIPMENT, net | 90,217 | 89,743 | 89,724 | |||||||||||
| INTANGIBLE ASSETS, net | 42,212 | 44,054 | 47,738 | |||||||||||
| GOODWILL | 80,599 | 80,599 | 80,599 | |||||||||||
| DEFERRED TAX ASSETS | 15,263 | 14,425 | 11,532 | |||||||||||
| OTHER ASSETS | 3,965 | 4,608 | 4,673 | |||||||||||
| Total assets | $ | 483,639 | $ | 449,897 | $ | 399,130 | ||||||||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||||||||
| CURRENT LIABILITIES: | ||||||||||||||
| Accounts payable | $ | 20,267 | $ | 21,347 | $ | 16,452 | ||||||||
| Accrued payroll and related expenses | 8,157 | 7,681 | 6,720 | |||||||||||
| Taxes payable | 2,128 | 1,476 | 1,213 | |||||||||||
| Deferred taxes | 885 | 748 | 1,193 | |||||||||||
| Deferred income on sales to distributors | 16,861 | 15,035 | 11,550 | |||||||||||
| Other accrued liabilities | 2,661 | 2,650 | 3,439 | |||||||||||
| Total current liabilities | 50,959 | 48,937 | 40,567 | |||||||||||
| LONG-TERM LIABILITIES | ||||||||||||||
| Income taxes payable | 8,916 | 8,665 | 7,937 | |||||||||||
| Deferred taxes | 7,404 | 7,646 | 8,179 | |||||||||||
| Pension liability | 1,456 | 1,366 | 1,398 | |||||||||||
| Total liabilities | 68,735 | 66,614 | 58,081 | |||||||||||
| STOCKHOLDERS' EQUITY: | ||||||||||||||
| Common stock | 30 | 29 | 28 | |||||||||||
| Additional paid-in capital | 215,404 | 198,375 | 175,668 | |||||||||||
| Accumulated other comprehensive loss | (358 | ) | (687 | ) | (293 | ) | ||||||||
| Retained earnings | 199,828 | 185,566 | 165,646 | |||||||||||
| Total stockholders' equity | 414,904 | 383,283 | 341,049 | |||||||||||
| Total liabilities and stockholders' equity | $ | 483,639 | $ | 449,897 | $ | 399,130 | ||||||||
|
Power Integrations Reports Record Quarterly Revenues and Earnings
|
|
||||||
|
|
|||||||
|
|||||||
