|
* |
During February 2015 we have made a one-time early payment of $9.6 million to the Israeli Office of Chief Scientist, representing the full balance of the contingent liability related to the NP-5 grants received. Upon making this payment, we have eliminated all future royalty obligations related to our anticipated NP-5 revenues and saved the associated future interest payments related to such obligations. This amount was excluded from the non-GAAP statements of operations as it represents future royalty obligations. |
|
|
|
|
** |
In calculating diluted non-GAAP net income per share, the diluted weighted average number of shares outstanding excludes the effects of stock-based compensation expenses in accordance with FASB ASC 718. |
|
EZchip Semiconductor Ltd. Condensed Consolidated Balance Sheet (U.S. Dollars in thousands) | ||||
|
|
|
|
|
|
|
|
|
June 30, |
|
December 31, |
|
|
|
2015 |
|
2014 |
|
|
|
(Unaudited) |
|
(Audited) |
|
ASSETS |
|
|
|
|
|
CURRENT ASSETS: |
|
|
|
|
|
Cash, cash equivalents, marketable securities and deposits |
|
$ 188,980 |
|
$ 185,757 |
|
Trade receivables, net |
|
8,454 |
|
10,865 |
|
Other receivables |
|
6,073 |
|
4,735 |
|
Inventories |
|
7,220 |
|
6,459 |
|
Total current assets |
|
210,727 |
|
207,816 |
|
|
|
|
|
|
|
NON CURRENT ASSETS: |
|
|
|
|
|
Severance pay fund |
|
7,488 |
|
7,091 |
|
Long term investment and others |
|
420 |
|
348 |
|
Total non current assets |
|
7,908 |
|
7,439 |
|
|
|
|
|
|
|
PROPERTY AND EQUIPMENT, NET |
|
3,017 |
|
3,601 |
|
|
|
|
|
|
|
INTANGIBLE ASSETS, NET |
|
17,064 |
|
17,312 |
|
|
|
|
|
|
|
GOODWILL |
|
127,706 |
|
127,355 |
|
|
|
|
|
|
|
TOTAL ASSETS |
|
$ 366,422 |
|
$ 363,523 |
|
|
|
|
| |
|
LIABILITIES AND SHAREHOLDERS' EQUITY |
|
|
|
|
|
CURRENT LIABILITIES: |
|
|
|
|
|
Trade payables |
|
$ 3,359 |
|
$ 2,664 |
|
Other payables and accrued expenses |
|
11,772 |
|
13,726 |
|
Total current liabilities |
|
15,131 |
|
16,390 |
|
|
|
|
|
|
|
ACCRUED SEVERANCE PAY |
|
8,249 |
|
7,815 |
|
|
|
|
|
|
|
SHAREHOLDERS' EQUITY: |
|
|
|
|
|
Share capital |
|
170 |
|
169 |
|
Additional paid-in capital |
|
349,916 |
|
349,050 |
|
Treasury shares at cost |
|
4,748 |
|
-- |
|
Accumulated other comprehensive income (loss) |
|
225 |
|
(731) |
|
Accumulated deficit |
|
(12,017) |
|
(9,170) |
|
Total shareholders' equity |
|
343,042 |
|
339,318 |
|
|
|
|
|
|
|
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY |
|
$ 366,422 |
|
$ 363,523 |
|
|
|
|
|
|
|
|
|
|
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|
