MAGNACHIP SEMICONDUCTOR CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In thousands of U.S. dollars, except share data)
(Unaudited)

December 31,
2022

December 31,
2021

(In thousands of U.S. dollars, except share data)

Assets

Current assets

Cash and cash equivalents

$                 225,477

$                   279,547

Accounts receivable, net

35,380

50,954

Inventories, net

39,883

39,370

Other receivables

7,847

25,895

Prepaid expenses

10,560

7,675

Hedge collateral

2,940

3,060

Other current assets

15,766

2,619

Total current assets

337,853

409,120

Property, plant and equipment, net

110,747

107,882

Operating lease right-of-use assets

5,265

4,275

Intangible assets, net

1,930

2,377

Long-term prepaid expenses

10,939

8,243

Deferred income taxes

38,324

41,095

Other non-current assets

11,587

10,662

Total assets

$                 516,645

$                   583,654

Liabilities and Stockholders' Equity

Current liabilities

Accounts payable

$                   17,998

$                     37,593

Other accounts payable

9,702

6,289

Accrued expenses

9,688

20,071

Accrued income taxes

3,154

11,823

Operating lease liabilities

1,397

2,323

Other current liabilities

5,306

7,382

Total current liabilities

47,245

85,481

Accrued severance benefits, net

23,121

33,064

Non-current operating lease liabilities

4,091

1,952

Other non-current liabilities

14,035

10,395

Total liabilities

88,492

130,892

Commitments and contingencies

Stockholders' equity

Common stock, $0.01 par value, 150,000,000 shares authorized, 56,432,449 shares issued and 43,824,575 outstanding at December 31, 2022 and 55,905,320 shares issued and 45,659,304 outstanding at December 31, 2021

564

559

Additional paid-in capital

266,058

241,197

Retained earnings

335,506

343,542

Treasury stock, 12,607,874 shares at D ecember 31, 2022 and 10,246,016 shares at December 31, 2021, respectively

(161,422)

(130,306 )

Accumulated other comprehensive loss

(12,553)

(2,230 )

Total stockholders' equity

428,153

452,762

Total liabilities and stockholders' equity

$                 516,645

$                   583,654