Alpha and Omega Semiconductor Reports Financial Results for the Fiscal Fourth Quarter and the Fiscal Year Ended June 30, 2016
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Alpha and Omega Semiconductor Limited | |
Condensed Consolidated Balance Sheets | |
(in thousands, except par value per share) | |
(unaudited) | | | | |
June 30, 2016 | |
June 30, 2015 | |
ASSETS | | | | | Current assets: | | | | | Cash and cash equivalents | $ | 87,774 | | | $ | 106,085 | | | Restricted cash | 188 | | | 368 | | | Accounts receivable, net | 26,594 | | | 38,781 | | | Inventories | 68,848 | | | 64,175 | | | Other current assets | 4,526 | | | 4,279 | | | Total current assets | 187,930 | | | 213,688 | | | Property, plant and equipment, net | 116,084 | | | 119,579 | | | Deferred income tax assets - long term | 12,132 | | | 12,340 | | | Other long-term assets | 2,359 | | | 2,297 | | | Total assets | $ | 318,505 | | | $ | 347,904 | | |
LIABILITIES AND EQUITY | | | | | Current liabilities: | | | | | Accounts payable | $ | 42,718 | | | $ | 44,083 | | | Accrued liabilities | 22,590 | | | 19,225 | | | Income taxes payable | 2,356 | | | 1,372 | | | Deferred margin | 997 | | | 716 | | | Capital leases | 819 | | | 941 | | | Total current liabilities | 69,480 | | | 66,337 | | | Income taxes payable - long term | 1,577 | | | 1,601 | | | Deferred income tax liabilities | 2,973 | | | 2,310 | | | Other long term liabilities | 2,436 | | | 1,017 | | | Total liabilities | 76,466 | | | 71,265 | | | Equity: | | | | | Preferred shares, par value $0.002 per share: | | | | | Authorized: 10,000 shares; Issued and outstanding: none at June 30, 2016 and 2015 | — | | | — | | | Common shares, par value $0.002 per share: | | | | | Authorized: 50,000 shares; Issued and outstanding: 28,405 shares and 22,753 shares at June 30, 2016 and 27,314 shares and 26,316 shares at June 30, 2015 | 57 | | | 55 | | | Treasury shares at cost; 5,651 shares at June 30, 2016 and 998 shares at June 30, 2015 | (50,199 | ) | | (8,593 | ) | | Additional paid-in capital | 191,444 | | | 181,040 | | | Accumulated other comprehensive income | 769 | | | 905 | | | Retained earnings | 100,071 | | | 103,232 | | | Total Alpha and Omega Semiconductor Limited shareholders’ equity | 242,142 | | | 276,639 | | | Noncontrolling interest | (103 | ) | | — | | | Total equity | 242,039 | | | 276,639 | | | Total liabilities and equity | $ | 318,505 | | | $ | 347,904 | |
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