Techwell Reports Second Quarter 2008 Financial Results
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TECHWELL, INC.
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CONDENSED CONSOLIDATED BALANCE SHEETS
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(In thousands)
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(Unaudited)
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June 30,
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December 31,
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2008
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2007
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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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39,225
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$
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27,177
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Short-term investments
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18,682
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33,384
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Accounts receivable
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2,527
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2,095
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Inventory
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5,253
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4,753
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Deferred income tax assets
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1,589
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2,016
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Prepaid expenses and other current assets
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1,497
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1,456
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Total Current Assets
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68,773
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70,881
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Property and equipment - net
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1,315
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1,471
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Long-term investments
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15,853
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7,839
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Deferred income tax assets
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3,829
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3,419
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Other assets
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162
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127
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Total Assets
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$
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89,932
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$
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83,737
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Liabilities and Stockholders ’ Equity
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Current Liabilities:
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Accounts payable
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$
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2,472
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$
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2,973
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Accrued expenses and other liabilities
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2,442
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2,534
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Total Current Liabilities
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4,914
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5,507
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Deferred rent
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143
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165
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Total Liabilities
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5,057
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5,672
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Stockholders' Equity:
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Common stock
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21
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21
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Additional paid-in capital
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76,875
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73,454
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Deferred stock-based compensation
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(67
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)
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(160
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)
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Accumulated comprehensive gain/(loss)
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(373
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)
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44
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Retained earnings
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8,419
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4,706
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Total Stockholders ’ Equity
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84,875
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78,065
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Total Liabilities and Stockholders ’ Equity
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$
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89,932
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$
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83,737
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