CEVA, INC. AND ITS SUBSIDIARIES | |||
CONDENSED CONSOLIDATED BALANCE SHEETS | |||
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(U.S. Dollars in thousands) | |||
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| June 30, | December 31, |
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| 2023 | 2022 (*) |
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| Unaudited | Unaudited |
ASSETS |
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Current assets: |
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Cash and cash equivalents |
| $ 27,511 | $ 21,285 |
Marketable securities and short-term bank deposits |
| 108,136 | 118,194 |
Trade receivables, net |
| 13,502 | 12,297 |
Unbilled receivables |
| 18,370 | 18,953 |
Prepaid expenses and other current assets |
| 7,753 | 6,896 |
Total current assets |
| 175,272 | 177,625 |
Long-term assets: |
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Bank deposits |
| — | 8,205 |
Severance pay fund |
| 7,916 | 8,475 |
Deferred tax assets, net |
| 8,936 | 8,599 |
Property and equipment, net |
| 6,868 | 7,099 |
Operating lease right-of-use assets |
| 9,836 | 10,283 |
Investment in marketable equity securities |
| 172 | 408 |
Goodwill |
| 76,771 | 74,777 |
Intangible assets, net |
| 6,907 | 6,680 |
Other long-term assets |
| 7,595 | 6,291 |
Total assets |
| $ 300,273 | $ 308,442 |
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LIABILITIES AND STOCKHOLDERS'
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Current liabilities: |
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Trade payables |
| $ 1,104 | $ 1,995 |
Deferred revenues |
| 3,788 | 3,168 |
Accrued expenses and other payables |
| 18,340 | 25,133 |
| Operating lease liabilities |
| 2,895 | 2,982 |
| Total current liabilities |
| 26,127 | 33,278 |
| Long-term liabilities: |
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| Accrued severance pay |
| 8,702 | 9,064 |
| Operating lease liabilities |
| 6,239 | 6,703 |
| Other accrued liabilities |
| 621 | 526 |
| Total liabilities |
| 41,689 | 49,571 |
| Stockholders' equity: |
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| Common stock |
| 24 | 23 |
| Additional paid in-capital |
| 244,250 | 242,841 |
| Treasury stock |
| (1,462) | (9,904) |
| Accumulated other comprehensive loss |
| (5,583) | (6,249) |
| Retained earnings |
| 21,355 | 32,160 |
| Total stockholders' equity |
| 258,584 | 258,871 |
| Total liabilities and stockholders' equity |
| $ 300,273 | $ 308,442 |
| (*) Derived from audited financial statements. |
