RMBSFN
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Rambus Inc. Condensed Consolidated Balance Sheets (In thousands) (Unaudited) |
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March 31,
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December 31,
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| ASSETS | |||||||
| Current assets: | |||||||
| Cash and cash equivalents | $ | 136,629 | $ | 143,764 | |||
| Marketable securities | 88,943 | 143,942 | |||||
| Accounts receivable | 14,617 | 16,408 | |||||
| Prepaids and other current assets | 13,017 | 11,476 | |||||
| Total current assets | 253,206 | 315,590 | |||||
| Intangible assets, net | 114,325 | 64,266 | |||||
| Goodwill | 163,805 | 116,899 | |||||
| Property, plant and equipment, net | 56,403 | 56,616 | |||||
| Deferred taxes, long-term | 160,464 | 162,485 | |||||
| Other assets | 4,622 | 2,165 | |||||
| Total assets | $ | 752,825 | $ | 718,021 | |||
| LIABILITIES & STOCKHOLDERS’ EQUITY | |||||||
| Current liabilities: | |||||||
| Accounts payable | $ | 4,874 | $ | 4,096 | |||
| Accrued salaries and benefits | 8,432 | 12,278 | |||||
| Other current liabilities | 26,809 | 11,992 | |||||
| Total current liabilities | 40,115 | 28,366 | |||||
| Long-term liabilities: | |||||||
| Convertible notes, long-term | 121,069 | 119,418 | |||||
| Long-term imputed financing obligation | 38,496 | 38,625 | |||||
| Other long-term liabilities | 18,424 | 5,079 | |||||
| Total long-term liabilities | 177,989 | 163,122 | |||||
| Total stockholders’ equity | 534,721 | 526,533 | |||||
| Total liabilities and stockholders’ equity | $ | 752,825 | $ | 718,021 | |||
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Rambus Inc. Condensed Consolidated Statements of Operations (In thousands, except per share amounts) (Unaudited) |
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Three Months Ended
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| 2016 | 2015 | |||||||
| Revenue: | ||||||||
| Royalties | $ | 62,877 | $ | 66,963 | ||||
| Contract and other revenue | 9,805 | 5,951 | ||||||
| Total revenue | 72,682 | 72,914 | ||||||
| Operating costs and expenses: | ||||||||
| Cost of revenue (1) | 12,207 | 10,756 | ||||||
| Research and development (1) | 28,527 | 28,534 | ||||||
| Sales, general and administrative (1) | 23,095 | 18,502 | ||||||
| Gain from sale of intellectual property | — | (2,260 | ) | |||||
| Gain from settlement | (441 | ) | (510 | ) | ||||
| Total operating costs and expenses | 63,388 | 55,022 | ||||||
| Operating income | 9,294 | 17,892 | ||||||
| Interest income and other income (expense), net | 242 | 132 | ||||||
| Interest expense | (3,141 | ) | (3,083 | ) | ||||
| Interest and other income (expense), net | (2,899 | ) | (2,951 | ) | ||||
| Income before income taxes | 6,395 | 14,941 | ||||||
| Provision for income taxes | 4,517 | 5,439 | ||||||
| Net income | $ | 1,878 | $ | 9,502 | ||||
| Net income per share: | ||||||||
| Basic | $ | 0.02 | $ | 0.08 | ||||
| Diluted | $ | 0.02 | $ | 0.08 | ||||
| Weighted average shares used in per share calculation | ||||||||
| Basic | 109,733 | 115,336 | ||||||
| Diluted | 112,252 | 117,442 | ||||||
