Qorvo® Announces Fiscal 2021 Second Quarter Financial Results

CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
(Unaudited)

  October 3, 2020  March 28, 2020
ASSETS   
Current assets:   
Cash and cash equivalents$2,000,257  $714,939 
Accounts receivable, net485,100  367,172 
Inventories476,846  517,198 
Other current assets100,523  91,193 
Total current assets3,062,726  1,690,502 
    
Property and equipment, net1,224,853  1,259,203 
Goodwill2,639,943  2,614,274 
Intangible assets, net714,565  808,892 
Long-term investments37,848  22,515 
Other non-current assets144,487  165,296 
Total assets$7,824,422  $6,560,682 
    
LIABILITIES AND STOCKHOLDERS’ EQUITY   
Current liabilities:   
Accounts payable and accrued liabilities$482,986  $464,755 
Current portion of long-term debt905,086  6,893 
Other current liabilities88,945  67,355 
Total current liabilities1,477,017  539,003 
    
Long-term debt 1,764,396     1,567,231  
Other long-term liabilities 175,843     161,783  
Total liabilities 3,417,256     2,268,017  
       
Stockholders’ equity 4,407,166     4,292,665  
Total liabilities and stockholders’ equity $ 7,824,422     $ 6,560,682  

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