Pixelworks Reports Fourth Quarter and Full Year 2019 Financial Results


PIXELWORKS, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
(Unaudited)
 
  December 31,
2019
  December 31,
2018
 
ASSETS    
Current assets:    
Cash and cash equivalents$7,257 $17,944 
Short-term marketable securities 6,975  6,069 
Accounts receivable, net 10,915  6,982 
Inventories 5,401  2,954 
Prepaid expenses and other current assets 1,689  1,494 
Total current assets 32,237  35,443 
Property and equipment, net 4,608  6,151 
Operating lease right of use assets 5,434   
Other assets, net 1,267  1,132 
Acquired intangible assets, net 2,704  4,208 
Goodwill 18,407  18,407 
Total assets$64,657 $65,341 
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Current liabilities:    
Accounts payable$ 818   $ 2,116  
Accrued liabilities and current portion of long-term liabilities   8,692     10,256  
Current portion of income taxes payable   164     263  
Total current liabilities   9,674     12,635  
Long-term liabilities, net of current portion   982     1,017  
Operating lease liabilities, net of current portion   4,212      
Income taxes payable, net of current portion   2,260     2,299  
Total liabilities   17,128     15,951  
Shareholders’ equity   47,529     49,390  
Total liabilities and shareholders’ equity $ 64,657   $ 65,341  
         

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