Integrated Silicon Solution, Inc.

Condensed Consolidated Balance Sheets

(In thousands)

September 30,

September 30,

2013

2012

(unaudited)

(1)

ASSETS

Current assets:

  Cash and cash equivalents

$      119,997

$        75,497

  Short-term investments

21,558

6,541

  Accounts receivable, net

46,088

47,710

  Inventories

68,469

66,964

  Other current assets

16,928

21,204

Total current assets

273,040

217,916

Property, equipment and leasehold improvements, net

46,504

29,286

Purchased intangible assets, net

6,626

8,226

Goodwill

9,178

9,178

Other assets

26,521

52,465

Total assets

$      361,869

$      317,071

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

  Accounts payable

$        50,229

$        44,705

  Accrued compensation and benefits

8,072

9,420

  Accrued expenses

7,357

11,133

  Current portion of long-term debt

195

-

Total current liabilities 

65,853

65,258

Long-term debt

4,534

-

Other long-term liabilities

8,712

5,478

Total liabilities

79,099

70,736

Commitments and contingencies

Stockholders' equity:

  Common stock

3

3

  Additional paid-in capital

343,947

330,473

  Accumulated deficit

(72,498)

(90,046)

  Accumulated comprehensive income

9,121

2,399

Total ISSI stockholders' equity

280,573

242,829

  Noncontrolling interest

2,197

3,506

Total stockholders' equity

282,770

246,335

Total liabilities and stockholders' equity

$      361,869

$      317,071

(1) Derived from audited financial statements.