Cabot Microelectronics Corporation Reports Strong Results for Fourth Quarter and Full Fiscal Year 2016
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CABOT MICROELECTRONICS CORPORATION | | |
CONSOLIDATED CONDENSED BALANCE SHEETS | | | (Unaudited and amounts in thousands) | | | | | | | | | September 30, | September 30, | | | | | 2016 | | | 2015 | | | | ASSETS: | | | | | | | | | | Current assets: | | | | | Cash and cash equivalents | $ | 287,479 | | $ | 354,190 | | | | Accounts receivable, net | | 62,830 | | | 49,405 | | | | Inventories, net | | 72,123 | | | 70,678 | | | | Other current assets | | 14,659 | | | 20,235 | | | | Total current assets | | 437,091 | | | 494,508 | | | | | | | | | Property, plant and equipment, net | | 106,496 | | | 93,743 | | | | Other long-term assets | | 184,339 | | | 72,223 | | | | Total assets | $ | 727,926 | | $ | 660,474 | | | | | | | | | | | | | | LIABILITIES AND STOCKHOLDERS' EQUITY: | | | | | | | | | | Current liabilities: | | | | | Accounts payable | $ | 16,834 | | $ | 15,448 | | | | Current portion of long-term debt | | 7,656 | | | 8,750 | | | | Accrued expenses, income taxes payable and other current liabilities | | 39,895 | | | 36,446 | | | | Total current liabilities | | 64,385 | | | 60,644 | | | | | | | | | Long-term debt, net of current portion | | 147,657 | | | 155,313 | | | | Other long-term liabilities | | 18,236 | | | 15,553 | | | | Total liabilities | | 230,278 | | | 231,510 | | | | | | | | | Stockholders' equity | | 497,648 | | | 428,964 | | | | Total liabilities and stockholders' equity | $ | 727,926 | | $ | 660,474 | | | | | | | |
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