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CEVA, INC. AND ITS SUBSIDIARIES
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(U.S. Dollars in thousands) | ||
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September 30, |
December 31, |
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2017 |
2016 (*) |
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Unaudited |
Unaudited |
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ASSETS |
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Current assets: |
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Cash and cash equivalents |
$ 22,931 |
$ 18,401 |
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Marketable securities and short term bank deposits |
115,425 |
108,115 |
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Trade receivables, net |
12,885 |
15,044 |
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Prepaid expenses and other current assets |
4,588 |
3,152 |
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Total current assets |
155,829 |
144,712 |
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Long-term assets: |
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Bank deposits |
39,214 |
29,977 |
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Severance pay fund |
9,243 |
7,941 |
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Deferred tax assets |
2,940 |
2,252 |
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Property and equipment, net |
6,698 |
4,805 |
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Goodwill |
46,612 |
46,612 |
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Intangible assets, net |
2,051 |
2,978 |
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Other long term assets |
4,588 |
3,218 |
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Total assets |
$ 267,175 |
$ 242,495 |
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LIABILITIES AND STOCKHOLDERS' EQUITY | ||
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Current liabilities: |
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Trade payables |
$ 468 |
$ 571 |
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Deferred revenues |
4,274 |
6,258 |
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Accrued expenses and other payables |
13,725 |
15,766 |
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Total current liabilities |
18,467 |
22,595 |
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Long-term liabilities: |
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Accrued severance pay |
9,752 |
8,349 |
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Total liabilities |
28,219 |
30,944 |
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Stockholders' equity: |
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Common stock: |
22 |
21 |
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Additional paid in-capital |
215,532 |
212,103 |
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Treasury stock |
(27,632) |
(39,507) |
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Accumulated other comprehensive loss |
(201) |
(497) |
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Retained earnings |
51,235 |
39,431 |
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Total stockholders' equity |
238,956 |
211,551 |
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Total liabilities and stockholders' equity |
$ 267,175 |
$ 242,495 |
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(*) Derived from audited financial statements |
