Qorvo® Announces Fiscal 2024 Third Quarter Financial Results
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QORVO, INC. AND SUBSIDIARIES | |
CONDENSED CONSOLIDATED BALANCE SHEETS | | (In thousands) | | (Unaudited) | | | | |
December 30, 2023 | |
April 1, 2023 | |
ASSETS | | | | | Current assets: | | | | | Cash and cash equivalents | $ | 1,071,987 | | $ | 808,757 | | Accounts receivable, net | | 483,810 | | | 304,519 | | Inventories | | 726,687 | | | 796,596 | | Other current assets | | 145,884 | | | 119,922 | | Total current assets | | 2,428,368 | | | 2,029,794 | | | | | | | Property and equipment, net | | 1,039,439 | | | 1,149,806 | | Goodwill | | 2,540,461 | | | 2,760,813 | | Intangible assets, net | | 499,963 | | | 537,703 | | Long-term investments | | 24,714 | | | 20,406 | | Other non-current assets | | 166,443 | | | 193,381 | | Total assets | $ | 6,699,388 | | $ | 6,691,903 | | | | | | |
LIABILITIES AND STOCKHOLDERS’ EQUITY | | | | | Current liabilities: | | | | | Accounts payable and accrued liabilities | $ | 610,439 | | $ | 433,164 | | Current portion of long-term debt | | 479,964 | | | 310 | | Other current liabilities | | 189,930 | | | 122,289 | | Total current liabilities | | 1,280,333 | | | 555,763 | | | | | | | Long-term debt | | 1,550,438 | | | 2,048,073 | | Other long-term liabilities | | 230,270 | | | 185,273 | | Total liabilities | | 3,061,041 | | | 2,789,109 | | | | | | | Stockholders’ equity | | 3,638,347 | | | 3,902,794 | | Total liabilities and stockholders’ equity | $ | 6,699,388 | | $ | 6,691,903 |
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