MagnaChip Reports Third Quarter 2018 Financial Results

 

MAGNACHIP SEMICONDUCTOR CORPORATION AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(In thousands of US dollars, except share data)

(Unaudited)




September 30,
2018


December 31,
2017


(In thousands of US dollars,
except share data)

Assets




Current assets      




Cash and cash equivalents    

$  133,482


$      128,575

Accounts receivable, net        

103,221


92,026

Unbilled accounts receivable 

35,837


Inventories, net        

71,532


73,073

Other receivables     

7,510


4,292

Prepaid expenses     

15,481


9,250

Hedge collateral       

6,970


7,600

Other current assets 

10,711


15,444





Total current assets       

384,744


330,260





Property, plant and equipment, net

200,393


205,903

Intangible assets, net         

3,995


4,061

Long-term prepaid expenses            

17,744


12,791

Other non-current assets   

5,830


5,774





Total assets    

$  612,706


$      558,789





Liabilities and Stockholders' Equity




Current liabilities 




Accounts payable    

$     81,570


$        65,940

Other accounts payable         

16,445


10,261

Accrued expenses    

45,641


51,746

Deferred revenue     

11,682


8,335

Other current liabilities            

4,772


1,860





Total current liabilities  

160,110


138,142





Long-term borrowings, net

305,039


303,416

Accrued severance benefits, net      

148,148


148,905

Other non-current liabilities              

16,861


7,963





Total liabilities

630,158


598,426





Stockholders' equity          




Common stock, $0.01 par value,
 
150,000,000 shares authorized,
 42,994,105 shares issued and 
 34,600,464 outstanding at September 30,
 2018 and 42,563,808 shares issued and
 34,189,599 outstanding at December 31, 2017           

430


426

Additional paid-in capital      

141,261


136,259

Accumulated deficit

(33,925 )


(40,889 )

Treasury stock, 8,393,641 shares at September 30,
  2018 and 8,374,209 shares at December 31, 2017

(102,518 )


(102,319 )

Accumulated other comprehensive loss              

(22,700 )


(33,114 )





Total stockholders' deficit           

(17,452 )


(39,637 )





Total liabilities and stockholders' equity  

$  612,706


$      558,789


« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8  Next Page »
Featured Video
Jobs
GPU Design Verification Engineer for AMD at Santa Clara, California
Sr. Silicon Design Engineer for AMD at Santa Clara, California
CAD Engineer for Nvidia at Santa Clara, California
Senior Firmware Architect - Server Manageability for Nvidia at Santa Clara, California
Senior Platform Software Engineer, AI Server - GPU for Nvidia at Santa Clara, California
Design Verification Engineer for Blockwork IT at Milpitas, California
Upcoming Events
Phil Kaufman Award Ceremony and Banquet to be held November 6 at Hayes Mansion at Hayes Mansion 200 Edenvale Ave San Jose CA - Nov 6, 2024
SEMICON Europa 2024 at Messe München München Germany - Nov 12 - 15, 2024
DVCon Europe 2023 at Holiday Inn Munich – City Centre Munich Germany - Nov 14 - 15, 2024
SEMI MEMS & Imaging Sensors Summit, at International Conference Center Munich Germany - Nov 14, 2024



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise