MaxLinear, Inc. Announces First Quarter 2017 Financial Results

 

MAXLINEAR, INC.
UNAUDITED GAAP CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
 
  March 31, 2017  December 31, 2016  March 31, 2016   
Assets      
Current assets:      
Cash and cash equivalents(1)$89,121  $81,086  $75,644  
Short-term restricted cash(1)615  614     
Short-term investments, available-for-sale63,637  47,918  73,210  
Accounts receivable, net57,836  50,487  41,040  
Inventory31,685  26,583  29,421  
Prepaid expenses and other current assets5,535  6,159  6,185  
Total current assets248,429  212,847  225,500  
Long-term restricted cash(1)1,502  1,196  1,196  
Property and equipment, net19,162  20,549  21,538  
Long-term investments, available-for-sale  5,991  16,782  
Intangible assets, net99,679  104,261  49,293  
Goodwill75,673  76,015  49,779  
Other long-term assets1,652  1,793  2,169  
Total assets$446,097  $422,652  $366,257  
       
Liabilities and stockholders’ equity      
Current liabilities$64,555  $54,543  $61,708  
Other long-term liabilities15,529  15,685  14,968  
Total stockholders’ equity366,013  352,424  289,581  
Total liabilities and stockholders’ equity$446,097  $422,652   $ 366,257    
___________________________________________                    
(1) Certain reclassifications for cash restricted in connection with guarantees for certain office leases have been made to prior periods to conform to the current period presentation.

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