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Virage Logic Corporation |
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Unaudited Consolidated Balance Sheets |
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(In thousands) |
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June 30, 2009 |
September 30, 2008 |
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| ASSETS | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents |
$ |
17,570 |
$ |
13,214 |
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| Short-term investments | 41,777 | 31,148 | ||||||
| Accounts receivable, net | 10,106 | 16,526 | ||||||
| Costs in excess of related billings on uncompleted contracts | 1,059 | 972 | ||||||
| Deferred tax assets | 1,319 | 1,255 | ||||||
| Prepaid expenses | 2,927 | 4,995 | ||||||
| Taxes receivable | -- | 2,733 | ||||||
| Total current assets | 74,758 | 70,843 | ||||||
| Property, plant and equipment, net | 4,326 | 3,966 | ||||||
| Goodwill | -- | 11,751 | ||||||
| Other intangible assets, net | 5,278 | 6,270 | ||||||
| Deferred tax assets – long-term | 5,718 | 14,548 | ||||||
| Taxes receivable - long-term | 2,935 | -- | ||||||
| Long-term investments | -- | 21,443 | ||||||
| Other long-term assets | 2,008 | 383 | ||||||
| Total assets |
$ |
95,023 |
$ |
129,204 |
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| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||
| Current liabilities: | ||||||||
| Accounts payable |
$ |
1,196 |
$ |
1,023 |
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| Accrued expenses | 5,771 | 5,678 | ||||||
| Deferred revenues | 6,487 | 8,866 | ||||||
| Income taxes payable | 34 | 1,702 | ||||||
| Total current liabilities | 13,488 | 17,269 | ||||||
| Income tax liabilities | 1,083 | 1,083 | ||||||
| Other long-term accruals | 151 | 150 | ||||||
| Total liabilities | 14,722 | 18,502 | ||||||
| Stockholders’ equity: | ||||||||
| Common stock | 24 | 24 | ||||||
| Additional paid-in capital | 142,346 | 141,220 | ||||||
| Accumulated other comprehensive income | 126 | 207 | ||||||
| Treasury stock, at cost | (5,130 | ) | (4,564 | ) | ||||
| Accumulated deficit | (57,065 | ) | (26,185 | ) | ||||
| Total stockholders’ equity | 80,301 | 110,702 | ||||||
| Total liabilities and stockholders’ equity |
$ |
95,023 |
$ |
129,204 |
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Virage Logic Reports Third Quarter Fiscal 2009 Results
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