ALLEGRO MICROSYSTEMS, INC.
CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share amounts)
|
September 24,
2021 (Unaudited) |
March 26,
2021 | ||||||
| Assets | |||||||
| Current assets: | |||||||
| Cash and cash equivalents | $ | 248,579 | $ | 197,214 | |||
| Restricted cash | 7,105 | 6,661 | |||||
| Trade accounts receivable, net of provision for expected credit losses of $176 at September 24, 2021 and allowance for doubtful accounts of $138 at March 26, 2021 | 73,971 | 69,500 | |||||
| Trade and other accounts receivable due from related party | 23,853 | 23,832 | |||||
| Accounts receivable - other | 1,295 | 1,516 | |||||
| Inventories | 78,042 | 87,498 | |||||
| Prepaid expenses and other current assets | 13,069 | 18,374 | |||||
| Assets held for sale | — | 25,969 | |||||
| Total current assets | 445,914 | 430,564 | |||||
| Property, plant and equipment, net | 198,069 | 192,393 | |||||
| Operating lease right-of-use assets | 17,054 | — | |||||
| Deferred income tax assets | 20,134 | 26,972 | |||||
| Goodwill | 20,093 | 20,106 | |||||
| Intangible assets, net | 36,131 | 36,366 | |||||
| Equity investment in related party | 27,169 | 26,664 | |||||
| Other assets, net | 38,687 | 14,613 | |||||
| Total assets | $ | 803,251 | $ | 747,678 | |||
| Liabilities, Non-Controlling Interest and Stockholders' Equity | |||||||
| Current liabilities: | |||||||
| Trade accounts payable | $ | 29,158 | $ | 35,389 | |||
| Amounts due to related party | 3,686 | 2,353 | |||||
| Accrued expenses and other current liabilities | 52,049 | 78,932 | |||||
| Current portion of operating lease liabilities | 3,523 | — | |||||
| Total current liabilities | 88,416 | 116,674 | |||||
| Obligations due under Senior Secured Credit Facilities | 25,000 | 25,000 | |||||
| Operating lease liabilities, less current portion | 13,793 | — | |||||
| Other long-term liabilities | 19,489 | 19,133 | |||||
| Total liabilities | 146,698 | 160,807 | |||||
| Commitments and contingencies | |||||||
| Stockholders' Equity: | |||||||
| Preferred Stock, $0.01 par value; 20,000,000 shares authorized, no shares issued or outstanding at September 24, 2021 and March 26, 2021 | — | — | |||||
| Common stock, $0.01 par value; 1,000,000,000 shares authorized, 189,702,550 shares issued and outstanding at September 24, 2021; 1,000,000,000 shares authorized, 189,588,161 issued and outstanding at March 26, 2021 | 1,897 | 1,896 | |||||
| Additional paid-in capital | 604,488 | 592,170 | |||||
| Retained earnings | 64,406 | 3,551 | |||||
| Accumulated other comprehensive loss | (15,368 | ) | (11,865 | ) | |||
| Equity attributable to Allegro MicroSystems, Inc. | 655,423 | 585,752 | |||||
| Non-controlling interests | 1,130 | 1,119 | |||||
| Total stockholders' equity | 656,553 | 586,871 | |||||
| Total liabilities, non-controlling interest and stockholders' equity | $ | 803,251 | $ | 747,678 | |||
