Alpha and Omega Semiconductor Reports Financial Results for the Fiscal Third Quarter of 2016 Ended March 31, 2016
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Alpha and Omega Semiconductor Limited | |
Condensed Consolidated Balance Sheets | |
(in thousands, except par value per share) | |
(unaudited) | | |
March 31, 2016 | |
June 30, 2015 | |
ASSETS | | | | | Current assets: | | | | | Cash and cash equivalents | $ | 78,923 | | | $ | 106,085 | | | Restricted cash | 347 | | | 368 | | | Accounts receivable, net | 32,036 | | | 38,781 | | | Inventories | 67,911 | | | 64,175 | | | Deferred income tax assets | 2,959 | | | 2,205 | | | Other current assets | 5,772 | | | 4,279 | | | Total current assets | 187,948 | | | 215,893 | | | Property, plant and equipment, net | 112,497 | | | 119,579 | | | Intangible assets, net | 16 | | | 17 | | | Goodwill | 269 | | | 269 | | | Deferred income tax assets - long term | 10,193 | | | 10,848 | | | Other long-term assets | 2,971 | | | 2,011 | | | Total assets | $ | 313,894 | | | $ | 348,617 | | |
LIABILITIES AND SHAREHOLDERS' EQUITY | | | | | Current liabilities: | | | | | Accounts payable | $ | 47,041 | | | $ | 44,083 | | | Accrued liabilities | 22,011 | | | 19,225 | | | Income taxes payable | 1,724 | | | 1,372 | | | Deferred margin | 807 | | | 716 | | | Capital leases | 255 | | | 941 | | | Total current liabilities | 71,838 | | | 66,337 | | | Income taxes payable - long term | 1,576 | | | 1,601 | | | Deferred income tax liabilities | 3,913 | | | 3,023 | | | Capital leases - long term | 45 | | | 64 | | | Other long term liabilities | 797 | | | 953 | | | Total liabilities | 78,169
| | | 71,978 | | | Shareholders' equity: | | | | | Preferred shares, par value $0.002 per share: | | | | | Authorized: 10,000 shares, issued and outstanding: none at March 31, 2016 and June 30, 2015 | — | | | — | | | Common shares, par value $0.002 per share: | | | | | Authorized: 50,000 shares, issued and outstanding: 28,039 shares and 22,360 shares, respectively at March 31, 2016 and 27,314 shares and 26,316 shares, respectively at June 30, 2015 | 56 | | | 55 | | | Treasury shares at cost, 5,679 shares at March 31, 2016 and 998 shares at June 30, 2015 | (50,470 | ) | | (8,593 | ) | | Additional paid-in capital | 187,148 | | | 181,040 | | | Accumulated other comprehensive income | 772 | | | 905 | | | Retained earnings | 98,219 | | | 103,232 | | | Total shareholders’ equity | 235,725 | | | 276,639 | | | Total liabilities and shareholders’ equity | $ | 313,894 | | | $ | 348,617 | |
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