MagnaChip Reports Third Quarter 2018 Financial Results

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

	September 30, 2018	December 31, 2017
	(In thousands of US dollars, except share data)
Assets
Current assets
Cash and cash equivalents	$ 133,482	$ 128,575
Accounts receivable, net	103,221	92,026
Unbilled accounts receivable	35,837	—
Inventories, net	71,532	73,073
Other receivables	7,510	4,292
Prepaid expenses	15,481	9,250
Hedge collateral	6,970	7,600
Other current assets	10,711	15,444

Total current assets	384,744	330,260

Property, plant and equipment, net	200,393	205,903
Intangible assets, net	3,995	4,061
Long-term prepaid expenses	17,744	12,791
Other non-current assets	5,830	5,774

Total assets	$ 612,706	$ 558,789

Liabilities and Stockholders' Equity
Current liabilities
Accounts payable	$ 81,570	$ 65,940
Other accounts payable	16,445	10,261
Accrued expenses	45,641	51,746
Deferred revenue	11,682	8,335
Other current liabilities	4,772	1,860

Total current liabilities	160,110	138,142

Long-term borrowings, net	305,039	303,416
Accrued severance benefits, net	148,148	148,905
Other non-current liabilities	16,861	7,963

Total liabilities	630,158	598,426

Stockholders' equity
Common stock, $0.01 par value, 150,000,000 shares authorized, 42,994,105 shares issued and 34,600,464 outstanding at September 30, 2018 and 42,563,808 shares issued and 34,189,599 outstanding at December 31, 2017	430	426
Additional paid-in capital	141,261	136,259
Accumulated deficit	(33,925 )	(40,889 )
Treasury stock, 8,393,641 shares at September 30, 2018 and 8,374,209 shares at December 31, 2017	(102,518 )	(102,319 )
Accumulated other comprehensive loss	(22,700 )	(33,114 )

Total stockholders' deficit	(17,452 )	(39,637 )

Total liabilities and stockholders' equity	$ 612,706	$ 558,789

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