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SiTime Corporation
Unaudited GAAP Condensed Consolidated Balance Sheets | |||||||
| As of | |||||||
| December 31, 2023 | December 31, 2022 | ||||||
| (in thousands) | |||||||
| Assets: | |||||||
| Current assets: | |||||||
| Cash and cash equivalents | $ | 9,468 | $ | 34,603 | |||
| Short-term investments in held-to-maturity securities | 518,733 | 529,494 | |||||
| Accounts receivable, net | 21,861 | 41,229 | |||||
| Inventories | 65,539 | 57,650 | |||||
| Prepaid expenses and other current assets | 7,641 | 6,091 | |||||
| Total current assets | 623,242 | 669,067 | |||||
| Property and equipment, net | 54,685 | 58,772 | |||||
| Intangible assets, net | 177,079 | 5,205 | |||||
| Right-of-use assets, net | 8,262 | 10,848 | |||||
| Goodwill | 87,098 | — | |||||
| Other assets | 1,317 | 6,724 | |||||
| Total assets | $ | 951,683 | $ | 750,616 | |||
| Liabilities and Stockholders' Equity: | |||||||
| Current liabilities: | |||||||
| Accounts payable | $ | 8,690 | $ | 14,881 | |||
| Accrued expenses and other current liabilities | 112,704 | 18,913 | |||||
| Total current liabilities | 121,394 | 33,794 | |||||
| Other non-current liabilities | 122,237 | 8,342 | |||||
| Total liabilities | 243,631 | 42,136 | |||||
| Commitments and contingencies | |||||||
| Stockholders’ equity: | |||||||
| Common stock | 2 | 2 | |||||
| Additional paid-in capital | 796,450 | 716,343 | |||||
| Accumulated deficit | (88,400 | ) | (7,865 | ) | |||
| Total stockholders’ equity | 708,052 | 708,480 | |||||
| Total liabilities and stockholders’ equity | $ | 951,683 | $ | 750,616 | |||
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