FormFactor, Inc. Reports Second Quarter Results

                              FORMFACTOR, INC.                              
                   CONDENSED CONSOLIDATED BALANCE SHEETS                    
                               (In thousands)                               
                                (Unaudited)                                 
                                                                            
                                                June 28,      December 28,  
                                                  2014            2013      
                                             --------------  -------------- 
ASSETS                                                                      
Current assets:                                                             
  Cash and cash equivalents                  $       69,859  $       59,196 
  Marketable securities                              79,182          91,895 
  Accounts receivable, net                           41,962          30,189 
  Inventories, net                                   22,050          20,707 
  Deferred tax assets                                 2,841           2,776 
  Refundable income taxes                               782             782 
  Prepaid expenses and other current assets           7,476           6,106 
                                             --------------  -------------- 
    Total current assets                            224,152         211,651 
Restricted cash                                         435             435 
Property, plant and equipment, net                   29,210          35,190 
Goodwill                                             30,731          30,731 
Intangibles, net                                     47,326          57,470 
Deferred tax assets                                   3,983           3,960 
Other assets                                          1,291           1,271 
                                             --------------  -------------- 
    Total assets                             $      337,128  $      340,708 
                                             ==============  ============== 
LIABILITIES AND STOCKHOLDERS' EQUITY                                        
Current liabilities:                                                                                                               
    Accounts  payable                                                      $              18,388    $              16,313  
    Accrued  liabilities                                                                17,205                    13,985  
    Capital  leases,  current  portion                                                --                          270  
    Income  taxes  payable                                                                    493                          172  
    Deferred  revenue                                                                        7,238                      7,030  
                                                                                          --------------    --------------  
        Total  current  liabilities                                                43,324                    37,770  
Long-term  income  taxes  payable                                                2,318                      2,497  
Deferred  tax  liabilities                                                            3,029                      3,029  
Deferred  rent  and  other  liabilities                                      3,443                      3,326  
                                                                                          --------------    --------------  
        Total  liabilities                                                                52,114                    46,622  
                                                                                          --------------    --------------  
Commitments  and  contingencies                                                                                              
Stockholders'  equity:                                                                                                              
    Common  stock  and  capital  in  excess  of  par                                                                  
      value                                                                                        703,189                  695,686  
    Accumulated  other  comprehensive  gain                                                                            
      (loss)                                                                                              213                        (249)
    Accumulated  deficit                                                            (418,388)              (401,351)
                                                                                          --------------    --------------  
        Total  stockholders'  equity                                            285,014                  294,086  
                                                                                          --------------    --------------  
        Total  liabilities  and  stockholders'                                                                          
          equity                                                                    $            337,128    $            340,708  
                                                                                          ==============    ==============  
                                                                                                                                                        
                                                                                                                                                        
 




Review Article Be the first to review this article
Aldec


Featured Video
Editorial
More Editorial  
Latest Blog Posts
Colin WallsEmbedded Software
by Colin Walls
malloc() – just say no
Bob Smith, Executive DirectorBridging the Frontier
by Bob Smith, Executive Director
Invitation to Participate in VSDOpen2020
Jobs
Graduate Hardware Engineer for arm at Austin, Texas
Senior Application Engineer Formal Verification for EDA Careers at San Jose and Austin, California
Upcoming Events
VSDOpen 2020 Online Conference at India - Oct 10, 2020
2020 International Conference On Computer Aided Design at San Diego Mission Bay Resort San Diego CA - Nov 2 - 5, 2020
International Conference on Computer Aided Design (ICCAD) 2020 at San Diego Mission Bay Resort San Diego CA - Nov 2 - 5, 2020
TrueCircuits:



© 2020 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise