Power Integrations Reports Third-Quarter Financial Results

POWER INTEGRATIONS, INC.
CONSOLIDATED BALANCE SHEETS
(in thousands)


	September 30, 2016			June 30, 2016			December 31, 2015
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	95,890		$	105,343		$	90,092
Short-term marketable securities		130,673			96,891			83,769
Accounts receivable		14,679			14,010			7,818
Inventories		49,941			46,749			51,934
Prepaid expenses and other current assets		7,372			6,478			6,790
Total current assets		298,555			269,471			240,403

PROPERTY AND EQUIPMENT, net		94,433			95,746			99,381
INTANGIBLE ASSETS, net		33,114			34,726			38,165
GOODWILL		91,849			91,849			91,849
DEFERRED TAX ASSETS		11,064			11,342			11,843
OTHER ASSETS		6,273			6,372			5,896
Total assets	$	535,288		$	509,506		$	487,537

LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable	$	30,117		$	24,367		$	21,660
Accrued payroll and related expenses		9,011			10,463			9,327
Taxes payable		251			247			3,620
Deferred income on sales to distributors		16,334			16,888			15,101
Other accrued liabilities		3,427			2,548			2,285
Total current liabilities		59,140			54,513			51,993

LONG-TERM LIABILITIES:
Income taxes payable		2,666			2,666			2,511
Deferred tax liabilities		1,002			1,004			1,291
Other liabilities		3,422			3,315			3,123
Total liabilities		66,230			61,498			58,918

STOCKHOLDERS' EQUITY:
Common stock		28			28			28
Additional paid-in capital		162,820			151,806			145,366
Accumulated other comprehensive loss		(1,885	)		(1,527	)		(1,851	)
Retained earnings		308,095			297,701			285,076
Total stockholders' equity		469,058			448,008			428,619
Total liabilities and stockholders' equity	$	535,288		$	509,506		$	487,537

Latest Blog Posts

© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us
ShareCG™ is a trademark of Internet Business Systems, Inc.

Report a Bug Report Abuse Make a Suggestion About Privacy Policy Contact Us User Agreement Advertise