For more information about all of the foregoing items, see the Reconciliation, the Company's Annual Report on Form 20-F filed with the SEC for the year ended December 31, 2014 and its other SEC filings.
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ORBOTECH LTD. | ||||||
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CONDENSED CONSOLIDATED BALANCE SHEETS | ||||||
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U. S. dollars in thousands | ||||||
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(Unaudited) | ||||||
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September 30 |
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December 31 |
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2015 |
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2014 |
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ASSETS |
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CURRENT ASSETS: |
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Cash and cash equivalents |
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$173,077 |
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$136,367 |
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Restricted cash |
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10,075 |
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10,000 |
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Short-term bank deposits |
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4,034 |
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10,000 |
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Accounts receivable: |
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Trade |
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278,912 |
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248,071 |
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Other |
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54,499 |
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39,076 |
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Deferred income taxes |
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6,743 |
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8,213 |
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Inventories |
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135,214 |
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157,030 |
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T o t a l current assets |
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662,554 |
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608,757 |
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INVESTMENTS AND NON-CURRENT ASSETS: |
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Marketable securities |
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5,979 |
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5,890 |
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Funds in respect of employee rights upon retirement |
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8,362 |
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9,755 |
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Deferred income taxes |
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11,494 |
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13,067 |
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Equity method investee and other recievable |
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9,733 |
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8,926 |
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Deferred financing costs |
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5,939 |
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7,470 |
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41,507 |
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45,108 |
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PROPERTY, PLANT AND EQUIPMENT, net |
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52,601 |
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55,580 |
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OTHER INTANGIBLE ASSETS, net |
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116,311 |
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145,082 |
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GOODWILL |
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170,177 |
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179,445 |
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T o t a l assets |
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$1,043,150 |
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$1,033,972 |
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LIABILITIES AND EQUITY |
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CURRENT LIABILITIES: |
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Current maturities of long-term loan |
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$2,272 |
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$2,636 |
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Accounts payable and accruals: |
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Trade |
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58,855 |
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64,683 |
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Other |
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85,606 |
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81,747 |
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Deferred income |
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28,773 |
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38,008 |
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T o t a l current liabilities |
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175,506 |
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187,074 |
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LONG-TERM LIABILITIES: |
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Long-term loan |
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265,855 |
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293,851 |
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Liability for employee rights upon retirement |
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21,970 |
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22,763 |
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Deferred income taxes |
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17,546 |
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20,185 |
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Other tax liabilities |
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13,068 |
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13,218 |
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T o t a l long-term liabilities |
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318,439 |
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350,017 |
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T o t a l liabilities |
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493,945 |
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537,091 |
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EQUITY: |
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Share capital |
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2,192 |
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2,163 |
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Additional paid-in capital |
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303,209 |
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293,056 |
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Retained earnings |
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344,674 |
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303,950 |
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Accumulated other comprehensive income (loss) |
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(744) |
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(1,980) |
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649,331 |
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597,189 |
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Less treasury shares, at cost |
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(99,539) |
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(99,539) |
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T o t a l Orbotech Ltd. shareholders' equity |
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549,792 |
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497,650 |
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Non-controlling interest |
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(587) |
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(769) |
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T o t a l equity |
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549,205 |
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496,881 |
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T o t a l liabilities and equity |
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$1,043,150 |
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$1,033,972 |
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