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PIXELWORKS, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) (Unaudited) | |||||
|
September 30,
2019 |
December 31,
2018 | ||||
| ASSETS | |||||
| Current assets: | |||||
| Cash and cash equivalents | $ | 15,596 | $ | 17,944 | |
| Short-term marketable securities | 6,682 | 6,069 | |||
| Accounts receivable, net | 8,857 | 6,982 | |||
| Inventories | 3,133 | 2,954 | |||
| Prepaid expenses and other current assets | 1,586 | 1,494 | |||
| Total current assets | 35,854 | 35,443 | |||
| Property and equipment, net | 4,215 | 6,151 | |||
| Operating lease right of use assets | 4,608 | — | |||
| Other assets, net | 1,504 | 1,132 | |||
| Acquired intangible assets, net | 3,078 | 4,208 | |||
| Goodwill | 18,407 | 18,407 | |||
| Total assets | $ | 67,666 | $ | 65,341 | |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | |||||
| Current liabilities: | |||||
| Accounts payable | $ | 2,318 | $ | 2,116 | |
| Accrued liabilities and current portion of long-term liabilities | 8,778 | 10,256 | |||
| Current portion of income taxes payable | 327 | 263 | |||
| Total current liabilities | 11,423 | 12,635 | |||
| Long-term liabilities, net of current portion | 527 | 1,017 | |||
| Operating lease liabilities, net of current portion | 3,222 | — | |||
| Income taxes payable, net of current portion | 2,297 | 2,299 | |||
| Total liabilities | 17,469 | 15,951 | |||
| Shareholders’ equity | 50,197 | 49,390 | |||
| Total liabilities and shareholders’ equity | $ | 67,666 | $ | 65,341 | |
Pixelworks Reports Third Quarter 2019 Financial Results
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