CEVA, INC. AND ITS SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(U.S. Dollars in thousands)

December 31,

December 31,

2019

2018 (*)

Unaudited

Unaudited 

ASSETS

Current assets:

Cash and cash equivalents

$           22,803

$           22,260

Marketable securities and short term bank deposits

121,782

123,608

Trade receivables, net

11,066

9,971

Unbilled receivables

17,241

16,185

Prepaid expenses and other current assets

5,660

5,264

Total current assets

178,552

177,288

Long-term assets:

Bank deposits

5,368

21,864

Severance pay fund

9,881

9,026

Deferred tax assets

10,605

5,924

Property and equipment, net

7,879

7,344

Operating lease right-of-use assets

11,066

̶

Goodwill

51,070

46,612

Intangible assets, net

13,424

2,700

Other long term assets

9,176

6,505

Total assets

$        297,021

$        277,263

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Trade payables

$           701

$           632

Deferred revenues

3,642

3,593

Accrued expenses and other payables

19,642

17,527

Operating lease liabilities

2,393

̶

Total current liabilities

26,378

21,752

Long-term liabilities:

Accrued severance pay

10,551

9,632

Operating lease liabilities

8,273

̶

Other accrued liabilities

662

Total liabilities

45,864

31,384

Stockholders' equity:

Common stock:

22

22

Additional paid in-capital

228,005

223,250

Treasury stock

(39,390)

(39,132)

Accumulated other comprehensive income (loss)

94

(1,114)

Retained earnings

62,426

62,853

Total stockholders' equity

251,157

245,879

Total liabilities and stockholders' equity

$   297,021

$   277,263