Allegro MicroSystems Reports Fourth Quarter Record Revenue and

Allegro MicroSystems Reports Fourth Quarter Record Revenue and Accelerating Profits

CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share amounts)

	(Unaudited)
	March 26, 2021			March 27, 2020
Assets
Current assets:
Cash and cash equivalents	$	197,214		$	214,491
Restricted cash	6,661			5,385
Trade accounts receivable, net of allowances of doubtful accounts of $138 and $288 at March 26, 2021 and March 27, 2020, respectively	69,500			59,457
Trade and other accounts receivable due from related party	23,832			30,851
Accounts receivable - other	1,516			1,796
Inventories	87,498			127,227
Prepaid expenses and other current assets	18,374			9,014
Assets held for sale	25,969			—
Total current assets	430,564			448,221
Property, plant and equipment, net	192,393			332,330
Deferred income tax assets	26,972			7,217
Goodwill	20,106			1,285
Intangible assets, net	36,366			19,958
Equity investment in related party	26,664			—
Other assets, net	14,613			8,810
Total assets	$	747,678		$	817,821
Liabilities, Non-Controlling Interest and Stockholders' Equity
Current liabilities:
Trade accounts payable	$	35,389		$	20,762
Amounts due to related party	2,353			4,494
Accrued expenses and other current liabilities	78,932			56,855
Current portion of related party debt	—			25,000
Bank lines-of-credit	—			43,000
Total current liabilities	116,674			150,111
Obligations due under Senior Secured Credit Facilities, less current portion	25,000			—
Related party notes payable, less current portion	—			17,700
Other long-term liabilities	19,133			15,878
Total liabilities	160,807			183,689
Commitments and contingencies
Stockholders' Equity:
Preferred Stock, $0.01 par value; 20,000,000 shares authorized, no shares issued or outstanding at March 26, 2021 and March 27, 2020	—			—
Common stock, $0.01 par value; 1,000,000,000 shares authorized, 189,588,161 shares issued and outstanding at March 26, 2021; no shares authorized, issued or outstanding at March 27, 2020	1,896			—
Class A, $0.01 par value; No shares authorized, issued or outstanding at March 26, 2021; 12,500,000 shares authorized; 10,000,000 shares issued and outstanding at March 27, 2020	—			100
Class L, $0.01 par value; No shares authorized, issued or outstanding at March 26, 2021; 1,000,000 shares authorized; 622,470 shares issued and outstanding at March 27, 2020	—			6
Additional paid-in capital	592,170			458,697
Retained earnings	3,551			194,355
Accumulated other comprehensive loss	(11,865		)	(19,976		)
Equity attributable to Allegro MicroSystems, Inc.	585,752			633,182
Non-controlling interests	1,119			950
Total stockholders' equity	586,871			634,132
Total liabilities, non-controlling interest and stockholders' equity	$	747,678		$	817,821

ALLEGRO MICROSYSTEMS, INC.

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