Alpha and Omega Semiconductor Reports Financial Results for the Fiscal Second Quarter of 2016 Ended December 31, 2015
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Alpha and Omega Semiconductor Limited | |
Condensed Consolidated Balance Sheets | |
(in thousands, except par value per share) | |
(unaudited) | | |
December 31, 2015 | |
June 30, 2015 | |
ASSETS | | | | | Current assets: | | | | | Cash and cash equivalents | $ | 81,858 | | | $ | 106,085 | | | Restricted cash | 231 | | | 368 | | | Accounts receivable, net | 26,054 | | | 38,781 | | | Inventories | 61,102 | | | 64,175 | | | Deferred income tax assets | 2,403 | | | 2,205 | | | Other current assets | 3,220 | | | 4,279 | | | Total current assets | 174,868 | | | 215,893 | | | Property, plant and equipment, net | 112,057 | | | 119,579 | | | Intangible assets, net | 16 | | | 17 | | | Goodwill | 269 | | | 269 | | | Deferred income tax assets - long term | 10,316 | | | 10,848 | | | Other long-term assets | 2,240 | | | 2,011 | | | Total assets | $ | 299,766 | | | $ | 348,617 | | |
LIABILITIES AND SHAREHOLDERS' EQUITY | | | | | Current liabilities: | | | | | Accounts payable | $ | 33,875 | | | $ | 44,083 | | | Accrued liabilities | 20,103 | | | 19,225 | | | Income taxes payable | 1,710 | | | 1,372 | | | Deferred margin | 761 | | | 716 | | | Capital leases | 485 | | | 941 | | | Total current liabilities | 56,934 | | | 66,337 | | | Income taxes payable - long term | 1,626 | | | 1,601 | | | Deferred income tax liabilities | 3,720 | | | 3,548 | | | Capital leases - long term | 64 | | | 64 | | | Other long term liabilities | 851 | | | 953 | | | Total liabilities | 63,195 | | | 72,503 | | | Shareholders' equity: | | | | | Preferred shares, par value $0.002 per share: | | | | | Authorized: 10,000 shares, issued and outstanding: none at December 31, 2015 and June 30, 2015 | — | | | — | | | Common shares, par value $0.002 per share: | | | | | Authorized: 50,000 shares, issued and outstanding: 27,783 shares and 22,297 shares, respectively at December 31, 2015 and 27,314 shares and 26,316 shares, respectively at June 30, 2015 | 56 | | | 55 | | | Treasury shares at cost, 5,486 shares at December 31, 2015 and 998 shares at June 30, 2015 | (48,808 | ) | | (8,593 | ) | | Additional paid-in capital | 185,495 | | | 181,040 | | | Accumulated other comprehensive income | 750 | | | 905 | | | Retained earnings | 99,078 | | | 102,707 | | | Total shareholders’ equity | 236,571 | | | 276,114 | | | Total liabilities and shareholders’ equity | $ | 299,766 | | | $ | 348,617 | |
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