Alpha and Omega Semiconductor Reports Financial Results for the

Alpha and Omega Semiconductor Reports Financial Results for the Fiscal Third Quarter of 2017 Ended March 31, 2017

Alpha and Omega Semiconductor Limited
Condensed Consolidated Balance Sheets
(in thousands, except par value per share)
(unaudited)
	March 31, 2017			June 30, 2016
ASSETS
Current assets:
Cash and cash equivalents	$	116,150		$	87,774
Restricted cash	181			188
Accounts receivable, net	22,452			26,594
Inventories	73,349			68,848
Other current assets	4,948			4,526
Total current assets	217,080			187,930
Property, plant and equipment, net	117,335			116,084
Land use rights, net	8,737			—
Deferred income tax assets - long term	5,539			12,132
Other long term assets	21,522			2,359
Total assets	$	370,213		$	318,505
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable	$	44,990		$	42,718
Accrued liabilities	23,673			22,590
Income taxes payable	2,879			2,356
Deferred margin	713			997
Capital leases	820			819
Total current liabilities	73,075			69,480
Income taxes payable - long term	985			1,577
Deferred income tax liabilities	2,938			2,973
Capital leases - long term	1,071			1,695
Other long term liabilities	567			741
Total liabilities	78,636			76,466
Equity:
Preferred shares, par value $0.002 per share:
Authorized: 10,000 shares, issued and outstanding: none at March 31, 2017 and June 30, 2016	—			—
Common shares, par value $0.002 per share:
Authorized: 50,000 shares, issued and outstanding: 29,391 shares and 23,778 shares, respectively at March 31, 2017 and 28,405 shares and 22,754 shares, respectively at June 30, 2016	59			57
Treasury shares at cost, 5,613 shares at March 31, 2017 and 5,651 shares at June 30, 2016	(49,876		)	(50,199		)
Additional paid-in capital	202,739			191,444
Accumulated other comprehensive income	39			769
Retained earnings	109,788			100,071
Total Alpha and Omega Semiconductor Limited shareholder's equity	262,749			242,142
Noncontrolling interest	28,828			(103		)
Total equity	291,577			242,039
Total liabilities and equity	$	370,213		$	318,505

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