FORMFACTOR, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
(Unaudited)
|
December 25,
2021 |
September 25,
2021 |
December 26,
2020 | ||||||||||
| ASSETS | ||||||||||||
| Current assets: | ||||||||||||
| Cash and cash equivalents | $ | 151,010 | $ | 153,781 | $ | 187,225 | ||||||
| Marketable securities | 125,055 | 110,898 | 67,810 | |||||||||
| Accounts receivable, net of allowance for doubtful accounts | 115,541 | 105,807 | 107,603 | |||||||||
| Inventories, net | 111,548 | 115,104 | 99,229 | |||||||||
| Restricted cash | 2,233 | 2,019 | 1,904 | |||||||||
| Prepaid expenses and other current assets | 18,652 | 18,892 | 23,303 | |||||||||
| Total current assets | 524,039 | 506,501 | 487,074 | |||||||||
| Restricted cash | 2,099 | 1,674 | 1,969 | |||||||||
| Operating lease, right-of-use-assets | 35,210 | 36,669 | 30,756 | |||||||||
| Property, plant and equipment, net of accumulated depreciation | 146,555 | 140,098 | 104,103 | |||||||||
| Goodwill | 212,299 | 213,293 | 212,761 | |||||||||
| Intangibles, net | 36,342 | 39,195 | 59,147 | |||||||||
| Deferred tax assets | 61,995 | 67,231 | 66,242 | |||||||||
| Other assets | 1,981 | 1,930 | 1,165 | |||||||||
| Total assets | $ | 1,020,520 | $ | 1,006,591 | $ | 963,217 | ||||||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||||||
| Current liabilities: | ||||||||||||
| Accounts payable | $ | 57,862 | $ | 64,925 | $ | 62,045 | ||||||
| Accrued liabilities | 50,836 | 54,625 | 55,342 | |||||||||
| Current portion of term loans, net of unamortized issuance costs | 8,931 | 9,213 | 9,516 | |||||||||
| Deferred revenue | 23,224 | 23,275 | 20,964 | |||||||||
| Operating lease liabilities | 7,901 | 7,962 | 6,704 | |||||||||
| Total current liabilities | 148,754 | 160,000 | 154,571 | |||||||||
| Term loans, less current portion, net of unamortized issuance costs | 15,434 | 17,742 | 24,978 | |||||||||
| Deferred tax liabilities | 3,623 | 4,264 | 5,346 | |||||||||
| Long-term operating lease liabilities | 31,009 | 32,401 | 27,996 | |||||||||
| Other liabilities | 5,920 | 5,794 | 6,242 | |||||||||
| Total liabilities | 204,740 | 220,201 | 219,133 | |||||||||
| Stockholders' equity: | ||||||||||||
| Common stock | 78 | 78 | 78 | |||||||||
| Additional paid-in capital | 898,945 | 892,303 | 903,838 | |||||||||
| Accumulated other comprehensive income (loss) | (1,449 | ) | 1,700 | 5,886 | ||||||||
| Accumulated deficit | (81,794 | ) | (107,691 | ) | (165,718 | ) | ||||||
| Total stockholders' equity | 815,780 | 786,390 | 744,084 | |||||||||
| Total liabilities and stockholders' equity | $ | 1,020,520 | $ | 1,006,591 | $ | 963,217 | ||||||
