PIXELWORKS, INC. | |||||||||
CONDENSED CONSOLIDATED BALANCE SHEETS | |||||||||
(In thousands) | |||||||||
(Unaudited) | |||||||||
September 30,
2016 |
December 31,
2015 |
||||||||
ASSETS | |||||||||
Current assets: | |||||||||
Cash and cash equivalents | $ | 16,580 | $ | 26,591 | |||||
Accounts receivable, net | 3,895 | 5,988 | |||||||
Inventories | 3,084 | 3,266 | |||||||
Prepaid expenses and other current assets | 661 | 644 | |||||||
Total current assets | 24,220 | 36,489 | |||||||
Property and equipment, net | 4,269 | 6,543 | |||||||
Other assets, net | 759 | 810 | |||||||
Total assets | $ | 29,248 | $ | 43,842 | |||||
LIABILITIES AND SHAREHOLDERS’ EQUITY | |||||||||
Current liabilities: | |||||||||
Accounts payable | $ | 1,980 | $ | 2,944 | |||||
Accrued liabilities and current portion of long-term liabilities | 7,564 | 8,528 | |||||||
Current portion of income taxes payable | 152 | 221 | |||||||
Short-term line of credit | — | 3,000 | |||||||
Total current liabilities | 9,696 | 14,693 | |||||||
Long-term liabilities, net of current portion | 398 | 831 | |||||||
Income taxes payable, net of current portion | 1,926 | 1,942 | |||||||
Total liabilities | 12,020 | 17,466 | |||||||
Shareholders’ equity | 17,228 | 26,376 | |||||||
Total liabilities and shareholders’ equity | $ | 29,248 | $ | 43,842 |