MagnaChip Reports Fourth Quarter and Full Year 2017 Financial Results

 

 

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




December 31,

2017


December 31,

2016

Assets




Current assets




Cash and cash equivalents

$        128,575


$           83,355

Restricted cash


18,251

Accounts receivable, net

92,026


61,775

Inventories, net

73,073


57,048

Other receivables

4,292


5,864

Prepaid expenses

9,250


8,137

Hedge collateral

7,600


3,150

Other current assets

15,444


5,113





Total current assets

330,260


242,693





Property, plant and equipment, net

205,903


179,793

Intangible assets, net

4,061


3,085

Long-term prepaid expenses

12,791


9,556

Deferred income tax assets

264


193

Other non-current assets

5,510


6,632





Total assets

$        558,789


$        441,952





Liabilities and Stockholders' Equity




Current liabilities




Accounts payable

$           65,940


$           51,509

Other accounts payable

10,261


12,272

Accrued expenses

51,746


60,365

Deferred revenue

8,335


11,092

Deposits received


16,549

Other current liabilities

1,860


1,654





Total current liabilities

138,142


153,441





Long-term borrowings, net

303,416


221,082

Accrued severance benefits, net

148,905


129,225

Other non-current liabilities

7,963


10,318





Total liabilities

598,426


514,066





Commitments and contingencies




Stockholders' equity




Common stock, $0.01 par value, 150,000,000 shares authorized, 42,563,808 shares issued and
34,189,599 outstanding at December 31, 2017 and 41,627,103 shares issued and 35,048,338
outstanding at December 31, 2016

426


416

Additional paid-in capital

136,259


130,189

Accumulated deficit

(40,889 )


(125,825 )

Treasury stock, 8,374,209 shares at December 31, 2017 and 6,578,765 shares at December 31,
2016, respectively

(102,319 )


(90,918 )

Accumulated other comprehensive income (loss)

(33,114 )


14,024





Total stockholders' deficit

(39,637 )


(72,114)





Total liabilities and stockholders' equity

$        558,789


$        441,952


« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8  Next Page »



Review Article Be the first to review this article
Aldec

 Advanced Asembly

Featured Video
Latest Blog Posts
Bob Smith, Executive DirectorBridging the Frontier
by Bob Smith, Executive Director
You’re Invited! SEMI’s Innovation for a Transforming World
intelThe Dominion of Design
by intel
The Long Game: Product and Security Assurance
Anupam BakshiAgnisys Automation Review
by Anupam Bakshi
Setting a High Standard for Standards-Based IP
Jobs
SerDes Applications Design Engineer for Xilinx at San Jose, California
Business Operations Planner for Global Foundaries at Santa Clara, California
Test and Measurement System Architect for Xilinx at San Jose, California
Senior HID Sensor Algorithm Architect for Apple Inc at Cupertino, California
Sr Engineer - RF/mmWave IC Design for Global Foundaries at Santa Clara, California
NAND Hardware Engineer for Apple Inc at Cupertino, California
Upcoming Events
Innovation for a Transforming World -virtual Event at United States - Jul 13 - 14, 2021
DesignCon 2021 at San Jose McEnery Convention Center San Jose, CA San Jose CA - Aug 16 - 18, 2021
SEMICON Southeast Asia 2021 Hybrid Event at Setia SPICE Convention Centre Penang Malaysia - Aug 23 - 27, 2021
7th International Conference on Sensors & Electronic Instrumentation Advances (SEIA' 2021) at Palma de Mallorca, Mallorca balearic islands) Spain - Sep 14 - 16, 2021



© 2021 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