MAGNACHIP SEMICONDUCTOR CORPORATION AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(In thousands of US dollars, except share data)

(Unaudited)

June 30,
2018

December 31,
2017

(In thousands of US dollars,
except share data)

Assets

Current assets      

Cash and cash equivalents    

$  131,682

$      128,575

Accounts receivable, net        

85,570

92,026

Unbilled accounts receivable 

35,857

—

Inventories, net        

57,456

73,073

Other receivables     

8,468

4,292

Prepaid expenses     

10,227

9,250

Hedge collateral       

10,100

7,600

Other current assets 

11,023

15,444

Total current assets       

350,383

330,260

Property, plant and equipment, net

197,034

205,903

Intangible assets, net         

3,966

4,061

Long-term prepaid expenses            

13,858

12,791

Other non-current assets   

5,851

5,774

Total assets    

$  571,092

$      558,789

Liabilities and Stockholders' Equity

Current liabilities 

Accounts payable    

$     60,742

$        65,940

Other accounts payable         

11,123

10,261

Accrued expenses    

49,506

51,746

Deferred revenue     

13,440

8,335

Other current liabilities            

5,149

1,860

Total current liabilities  

139,960

138,142

Long-term borrowings, net

304,489

303,416

Accrued severance benefits, net      

145,542

148,905

Other non-current liabilities              

14,894

7,963

Total liabilities

604,885

598,426

Stockholders' equity          

Common stock, $0.01 par value, 150,000,000 shares authorized, 42,877,395 shares issued and 
     34,483,754 outstanding at June 30, 2018 and 42,563,808 shares issued and 34,189,599 outstanding 
     at December 31, 2017 

429

426

Additional paid-in capital      

139,502

136,259

Accumulated deficit

(51,147 )

(40,889 )

Treasury stock, 8,393,641 shares at June 30, 2018 and 8,374,209 shares at December 31, 2017

(102,518 )

(102,319 )

Accumulated other comprehensive loss              

(20,059 )

(33,114 )

Total stockholders' deficit           

(33,793 )

(39,637)

Total liabilities and stockholders' equity  

$  571,092

$      558,789