Power Integrations Reports First-Quarter Financial Results
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POWER INTEGRATIONS, INC.
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CONSOLIDATED BALANCE SHEETS
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(in thousands)
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March 31, 2019
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December 31, 2018
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ASSETS
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CURRENT ASSETS:
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Cash and cash equivalents
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$
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125,795
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$
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134,137
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Short-term marketable securities
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92,901
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94,451
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Accounts receivable, net
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20,545
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11,072
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Inventories
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85,080
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80,857
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Prepaid expenses and other current assets
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16,798
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11,915
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Total current assets
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341,119
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332,432
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PROPERTY AND EQUIPMENT, net
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113,713
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114,117
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INTANGIBLE ASSETS, net
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20,073
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21,152
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GOODWILL
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91,849
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91,849
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DEFERRED TAX ASSETS
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5,733
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6,906
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OTHER ASSETS
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28,018
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22,241
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Total assets
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$
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600,505
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$
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588,697
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LIABILITIES AND STOCKHOLDERS’ EQUITY
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CURRENT LIABILITIES:
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Accounts payable
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$
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33,432
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$
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31,552
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Accrued payroll and related expenses
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11,512
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12,131
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Taxes payable
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706
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933
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Other accrued liabilities
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5,271
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3,750
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Total current liabilities
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50,921
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48,366
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LONG-TERM LIABILITIES:
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Income taxes payable
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8,789
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8,652
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Deferred tax liabilities
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204
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216
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Other liabilities
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9,290
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4,391
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Total liabilities
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69,204
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61,625
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STOCKHOLDERS' EQUITY:
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Common stock
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28
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28
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Additional paid-in capital
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127,769
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126,164
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Accumulated other comprehensive loss
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(1,361
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(1,689
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Retained earnings
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404,865
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402,569
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Total stockholders' equity
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531,301
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527,072
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Total liabilities and stockholders' equity
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$
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600,505
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$
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588,697
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