MAGNACHIP SEMICONDUCTOR CORPORATION AND SUBSIDIARIES | |||
CONSOLIDATED BALANCE SHEETS | |||
(In thousands of US dollars, except share data) | |||
(Unaudited) | |||
|
| |||
|
| December 31, 2018 |
|
December 31, 2017 |
Assets |
|
|
|
Current assets |
|
|
|
Cash and cash equivalents | $ 132,438 |
| $ 128,575 |
Accounts receivable, net | 80,003 |
| 92,026 |
Unbilled accounts receivable | 38,181 |
| — |
Inventories, net | 71,611 |
| 73,073 |
Other receivables | 3,702 |
| 4,292 |
Prepaid expenses | 11,133 |
| 9,250 |
Hedge collateral | 5,810 |
| 7,600 |
Other current assets | 9,867 |
| 15,444 |
Total current assets | 352,745 |
| 330,260 |
|
|
|
|
|
Property, plant and equipment, net | 202,171 |
| 205,903 |
Intangible assets, net | 3,953 |
| 4,061 |
Long-term prepaid expenses | 15,598 |
| 12,791 |
Other non-current assets | 8,729 |
| 5,774 |
Total assets | $ 583,196 |
| $ 558,789 |
|
|
|
|
|
Liabilities and Stockholders' Equity |
|
|
|
Current liabilities |
|
|
|
Accounts payable | $ 55,631 |
| $ 65,940 |
Other accounts payable | 15,168 |
| 10,261 |
Accrued expenses | 46,250 |
| 51,746 |
Deferred revenue | 6,477 |
| 8,335 |
Other current liabilities | 9,133 |
| 1,860 |
Total current liabilities | 132,659 |
| 138,142 |
Long-term borrowings, net | 303,577 |
| 303,416 |
| Accrued severance benefits, net | 146,031 |
| 148,905 |
| Other non-current liabilities | 18,239 |
| 7,963 |
| Total liabilities | 600,506 |
| 598,426 |
| Commitments and contingencies |
|
|
|
| Stockholders' equity |
|
|
|
| Common stock, $0.01 par value, 150,000,000 shares authorized, 43,054,458 shares issued and 34,441,232 outstanding at December 31, 2018 and 42,563,808 shares issued and 34,189,599 outstanding at December 31, 2017 | 431 |
| 426 |
| Additional paid-in capital | 142,600 |
| 136,259 |
| Accumulated deficit | (36,305) |
| (40,889) |
| Treasury stock, 8,613,226 shares at December 31, 2018 and 8,374,209 shares at December 31, 2017, respectively | (103,926) |
| (102,319) |
| Accumulated other comprehensive loss | (20,110) |
| (33,114) |
| Total stockholders' deficit | (17,310) |
| (39,637) |
| Total liabilities and stockholders' equity | $ 583,196 |
| $ 558,789 |
