Three Months Ended
December 31, |
Year Ended
December 31, | |||||||
2018 | 2017 | 2018 | 2017 | |||||
(in thousands of dollars) | (in thousands of dollars) | |||||||
(Unaudited) | (Unaudited) | |||||||
Cost of revenue | $ | 717 | $ | 391 | $ | 2,527 | $ | 2,045 |
Research and development | 9,544 | 7,887 | 37,397 | 28,846 | ||||
Sales and marketing | 3,285 | 2,292 | 13,470 | 8,340 | ||||
General and administrative | 2,829 | 1,895 | 10,490 | 5,602 | ||||
$ | 16,375 | $ | 12,465 | $ | 63,884 | $ | 44,833 | |
INPHI CORPORATION | ||||||
CONSOLIDATED BALANCE SHEETS | ||||||
(in thousands of dollars) | ||||||
(Unaudited) | ||||||
December 31,
2018 |
December 31,
2017 | |||||
Assets | ||||||
Current assets: | ||||||
Cash and cash equivalents | $ | 172,018 | $ | 163,450 | ||
Short-term investments in marketable securities | 235,339 | 241,737 | ||||
Accounts receivable, net | 61,271 | 67,993 | ||||
Inventories | 33,052 | 31,721 | ||||
Prepaid expenses and other current assets | 9,600 | 12,208 | ||||
Total current assets | 511,280 | 517,109 | ||||
Property and equipment, net | 70,740 | 60,344 | ||||
Goodwill | 104,502 | 104,502 | ||||
Identifiable intangible assets | 180,447 | 222,933 | ||||
Other noncurrent assets | 22,904 | 12,618 | ||||
Total assets | $ | 889,873 | $ | 917,506 | ||
Liabilities and Stockholders’ Equity | ||||||
Current liabilities: | ||||||
Accounts payable | $ | 15,891 | $ | 14,721 | ||
Accrued expenses and other current liabilities | 48,552 | 45,326 | ||||
Total current liabilities | 64,443 | 60,047 | ||||
Convertible debt | 447,825 | 421,431 | ||||
Other liabilities | 10,911 | 24,627 | ||||
Total liabilities | 523,179 | 506,105 | ||||
Stockholders’ equity: | ||||||
Common stock | 44 | 43 | ||||
Additional paid-in capital | 536,157 | 484,934 | ||||
Accumulated deficit | (169,896 | ) | (74,145 | ) | ||
Accumulated other comprehensive income | 389 | 569 | ||||
Total stockholders’ equity | 366,694 | 411,401 | ||||
Total liabilities and stockholders’ equity | $ | 889,873 | $ | 917,506 | ||
INPHI CORPORATION