FORMFACTOR, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) (Unaudited) June 28, December 28, 2014 2013 -------------- -------------- ASSETS Current assets: Cash and cash equivalents $ 69,859 $ 59,196 Marketable securities 79,182 91,895 Accounts receivable, net 41,962 30,189 Inventories, net 22,050 20,707 Deferred tax assets 2,841 2,776 Refundable income taxes 782 782 Prepaid expenses and other current assets 7,476 6,106 -------------- -------------- Total current assets 224,152 211,651 Restricted cash 435 435 Property, plant and equipment, net 29,210 35,190 Goodwill 30,731 30,731 Intangibles, net 47,326 57,470 Deferred tax assets 3,983 3,960 Other assets 1,291 1,271 -------------- -------------- Total assets $ 337,128 $ 340,708 ============== ============== LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 18,388 $ 16,313 Accrued liabilities 17,205 13,985 Capital leases, current portion -- 270 Income taxes payable 493 172 Deferred revenue 7,238 7,030 -------------- -------------- Total current liabilities 43,324 37,770 Long-term income taxes payable 2,318 2,497 Deferred tax liabilities 3,029 3,029 Deferred rent and other liabilities 3,443 3,326 -------------- -------------- Total liabilities 52,114 46,622 -------------- -------------- Commitments and contingencies Stockholders' equity: Common stock and capital in excess of par value 703,189 695,686 Accumulated other comprehensive gain (loss) 213 (249) Accumulated deficit (418,388) (401,351) -------------- -------------- Total stockholders' equity 285,014 294,086 -------------- -------------- Total liabilities and stockholders' equity $ 337,128 $ 340,708 ============== ==============
FormFactor, Inc. Reports Second Quarter Results
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