Headquartered in Santa Clara, California, PDF Solutions also operates worldwide in Canada, China, France, Germany, Italy, Japan, Korea, and Taiwan. For the Company’s latest news and information, visit http://www.pdf.com/.
Exensio, PDF Solutions, and the PDF Solutions logo are registered trademarks of PDF Solutions, Inc. or its subsidiaries. DFI is a trademark of PDF Solutions, Inc.
| PDF SOLUTIONS, INC. | ||||||||
| CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) | ||||||||
| (In thousands) | ||||||||
| December 31, | ||||||||
| 2018 | 2017 | |||||||
| ASSETS | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 96,089 | $ | 101,267 | ||||
| Accounts receivable, net | 51,570 | 57,564 | ||||||
| Prepaid expenses and other current assets | 9,562 | 5,069 | ||||||
| Total current assets | 157,221 | 163,900 | ||||||
| Property and equipment, net | 35,681 | 25,386 | ||||||
| Goodwill | 1,923 | 1,923 | ||||||
| Intangible assets, net | 5,064 | 6,074 | ||||||
| Deferred tax assets | 19,044 | 16,348 | ||||||
| Other non-current assets | 6,972 | 10,545 | ||||||
| Total assets | $ | 225,905 | $ | 224,176 | ||||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||
| Current liabilities: | ||||||||
| Accounts payable | $ | 2,454 | $ | 2,536 | ||||
| Accrued compensation and related benefits | 4,727 | 6,493 | ||||||
| Accrued and other current liabilities | 3,235 | 2,627 | ||||||
| Deferred revenues - current portion | 8,477 | 7,981 | ||||||
| Billings in excess of recognized revenues | 635 | — | ||||||
| Total current liabilities | 19,528 | 19,637 | ||||||
| Long-term income taxes payable | 3,751 | 3,902 | ||||||
| Other non-current liabilities | 2,831 | 2,269 | ||||||
| Total liabilities | 26,110 | 25,808 | ||||||
| Stockholders’ equity: | ||||||||
| Common stock and additional paid-in-capital | 310,665 | 297,955 | ||||||
| Treasury stock at cost | (79,142 | ) | (71,793 | ) | ||||
| Accumulated deficit | (30,452 | ) | (27,089 | ) | ||||
| Accumulated other comprehensive loss | (1,276 | ) | (705 | ) | ||||
| Total stockholders’ equity | 199,795 | 198,368 | ||||||
| Total liabilities and stockholders’ equity | $ | 225,905 | $ | 224,176 | ||||
