POWER INTEGRATIONS, INC.
CONSOLIDATED BALANCE SHEETS (in thousands) |
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March 31, 2014 | December 31, 2013 | |||||||
ASSETS | ||||||||
CURRENT ASSETS: | ||||||||
Cash and cash equivalents | $ | 83,967 | $ | 92,928 | ||||
Short-term marketable securities | 133,684 | 109,179 | ||||||
Accounts receivable | 16,421 | 12,389 | ||||||
Inventories | 47,934 | 42,235 | ||||||
Deferred tax assets | 2,059 | 2,059 | ||||||
Prepaid expenses and other current assets | 17,027 | 18,632 | ||||||
Total current assets | 301,092 | 277,422 | ||||||
PROPERTY AND EQUIPMENT, net | 92,142 | 90,141 | ||||||
INTANGIBLE ASSETS, net | 38,478 | 40,334 | ||||||
GOODWILL | 80,599 | 80,599 | ||||||
DEFERRED TAX ASSETS | 5,686 | 9,449 | ||||||
OTHER ASSETS | 3,332 | 3,476 | ||||||
Total assets | $ | 521,329 | $ | 501,421 | ||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||
CURRENT LIABILITIES: | ||||||||
Accounts payable | $ | 23,600 | $ | 20,772 | ||||
Accrued payroll and related expenses | 8,046 | 8,900 | ||||||
Taxes payable | 1,768 | 2,266 | ||||||
Deferred taxes | 1,325 | 943 | ||||||
Deferred income on sales to distributors | 17,844 | 15,727 | ||||||
Other accrued liabilities | 1,698 | 1,810 | ||||||
Total current liabilities | 54,281 | 50,418 | ||||||
LONG-TERM LIABILITIES | ||||||||
Income taxes payable | 2,612 | 6,885 | ||||||
Deferred taxes | 4,991 | 5,273 | ||||||
Other liabilities | 2,267 | 2,159 | ||||||
Total liabilities | 64,151 | 64,735 | ||||||
STOCKHOLDERS' EQUITY: | ||||||||
Common stock | 30 | 30 | ||||||
Additional paid-in capital | 234,667 | 223,660 | ||||||
Accumulated other comprehensive loss | (315 | ) | (470 | ) | ||||
Retained earnings | 222,796 | 213,466 | ||||||
Total stockholders' equity | 457,178 | 436,686 | ||||||
Total liabilities and stockholders' equity | $ | 521,329 | $ | 501,421 |