Alpha and Omega Semiconductor Reports Financial Results for the Fiscal Third Quarter of 2019 Ended March 31, 2019
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Alpha and Omega Semiconductor Limited
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Condensed Consolidated Balance Sheets
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(in thousands, except par value per share)
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(unaudited)
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March 31, 2019
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June 30, 2018
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ASSETS
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Current assets:
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Cash and cash equivalents
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$
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139,144
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$
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131,535
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Restricted cash
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261
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189
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Accounts receivable, net
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28,410
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33,755
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Inventories
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107,930
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90,182
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Other current assets
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37,104
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29,551
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Total current assets
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312,849
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285,212
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Property, plant and equipment, net
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391,638
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331,656
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Intangible assets, net
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16,911
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16,591
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Deferred income tax assets
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4,977
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4,892
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Restricted cash - long-term
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2,084
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—
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Other long-term assets
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12,259
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28,698
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Total assets
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$
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740,718
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$
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667,049
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LIABILITIES AND EQUITY
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Current liabilities:
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Accounts payable
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$
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92,246
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$
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92,661
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Accrued liabilities
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40,736
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49,841
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Income taxes payable
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2,100
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2,211
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Short-term debt
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26,571
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3,811
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Deferred margin
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—
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1,665
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Capital leases
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9,593
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4,491
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Total current liabilities
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171,246
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154,680
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Long-term debt
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62,499
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26,786
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Income taxes payable - long-term
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790
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924
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Deferred income tax liabilities
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1,325
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713
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Capital leases - long-term
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48,380
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56,791
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Other long-term liabilities
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10,993
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993
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Total liabilities
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295,233
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240,887
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Equity:
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Preferred shares, par value $0.002 per share:
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Authorized: 10,000 shares, issued and outstanding: none at March 31,
2019 and June 30, 2018
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—
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—
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Common shares, par value $0.002 per share:
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Authorized: 100,000 shares, issued and outstanding: 30,935 shares
and 24,289 shares, respectively at March 31, 2019 and 30,400 shares
and 23,860 shares, respectively at June 30, 2018
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62
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61
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Treasury shares at cost, 6,646 shares at March 31, 2019 and 6,540
shares at June 30, 2018
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(66,240
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)
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(64,790
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)
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Additional paid-in capital
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230,234
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220,244
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Accumulated other comprehensive income (loss)
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(563
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)
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440
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Retained earnings
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122,940
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122,639
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Total Alpha and Omega Semiconductor Limited shareholder's equity
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286,433
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278,594
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Noncontrolling interest
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159,052
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147,568
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Total equity
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445,485
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426,162
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Total liabilities and equity
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$
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740,718
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$
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667,049
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