II-VI Incorporated Reports Fiscal 2019 Fourth Quarter and Full Year Results
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II-VI Incorporated and Subsidiaries | |
Condensed Consolidated Balance Sheets (Unaudited) | |
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June 30, |
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June 30, | |
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2019 |
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2018 | |
Assets | | | | | | | | | | |
Current Assets | | | | | | | | | | | Cash and cash equivalents | | $ | | 204,872 | | | $ | | 247,038 | | | Accounts receivable | | | | 269,642 | | | | | 215,032 | | | Inventories | | | | 296,282 | | | | | 248,268 | | | Prepaid and refundable income taxes | | | | 11,778 | | | | | 7,845 | | | Prepaid and other current assets | | | | 30,337 | | | | | 43,654 | | |
Total Current Assets | | | | 812,911 | | | | | 761,837 | | | Property, plant & equipment, net | | | | 582,790 | | | | | 524,890 | | | Goodwill | | | | 319,778 | | | | | 270,678 | | | Other intangible assets, net | | | | 139,324 | | | | | 125,069 | | | Investments | | | | 76,208 | | | | | 69,215 | | | Deferred income taxes | | | | 8,524 | | | | | 2,046 | | | Other assets | | | | 14,238 | | | | | 7,926 | | |
Total Assets | | $ | | 1,953,773 | | | $ | | 1,761,661 | | | | | | | | | | | | | |
Liabilities and Shareholders
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Equity | | | | | | | | | | |
Current Liabilities | | | | | | | | | | | Current portion of long-term debt | | $ | | 23,834 | | | $ | | 20,000 | | | Accounts payable | | | | 104,462 | | | | | 89,774 | | | Accruals and other current liabilities | | | | 142,267 | | | | | 126,693 | | |
Total Current Liabilities | | | | 270,563 | | | | | 236,467 | | | Long-term debt | | | | 443,163 | | | | | 419,013 | | | Deferred income taxes | | | | 23,913 | | | | | 27,241 | | | Other liabilities | | | | 82,925 | | | | | 54,629 | | | Total Liabilities | | | | 820,564 | | | | | 737,350 | | | Total Shareholders’ Equity | | | | 1,133,209 | | | | | 1,024,311 | | |
Total Liabilities and Shareholders
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Equity | | $ | | 1,953,773 | | | $ | | 1,761,661 | |
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