Notes: Nine Months Ended
--------------------------
September September
28, 2014 29, 2013
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(a) Stock-based compensation $ 2,793 $ 2,650
(b) Amortization of acquired
intangible assets 359 692
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Total non-GAAP adjustments $ 3,152 $ 3,342
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IKANOS COMMUNICATIONS, INC.
Unaudited Condensed Consolidated Balance Sheets
(In thousands)
September 28, December 29,
2014 June 29, 2014 2013
-------------- -------------- --------------
Assets
Current assets:
Cash, cash equivalents and
short-term investments $ 6,685 $ 20,592 $ 39,516
Accounts receivable 11,003 9,393 15,892
Inventory 886 2,160 2,017
Prepaid expenses and other
current assets 3,452 3,793 3,245
-------------- -------------- --------------
Total current assets 22,026 35,938 60,670
Property and equipment, net 9,355 9,761 8,612
Intangible assets, net 358 478 718
Other assets 1,976 1,912 1,952
-------------- -------------- --------------
$ 33,715 $ 48,089 $ 71,952
============== ============== ==============
Liabilities and Stockholders'
Equity
Current liabilities:
Revolving line $ 4,937 $ 6,912 $ 12,000
Accounts payable 4,116 7,252 4,692
Accrued liabilities 7,679 7,433 8,232
-------------- -------------- --------------
Total current liabilities 16,732 21,597 24,924
Other liabilities 1,337 1,445 1,637
-------------- -------------- --------------
Total liabilities 18,069 23,042 26,561
Stockholders' equity 15,646 25,047 45,391
-------------- -------------- --------------
$ 33,715 $ 48,089 $ 71,952
============== ============== ==============
