Cabot Microelectronics Corporation Reports Strong Results for Second Quarter of Fiscal 2017
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CABOT MICROELECTRONICS CORPORATION | | | | | | | |
CONSOLIDATED CONDENSED BALANCE SHEETS | | | | | | | | (Unaudited and amounts in thousands) | | | | | | | | | | | | | | | | | | | | March 31, | September 30, | | | | | | | 2017 | | 2016 | | | ASSETS: | | | | | | | | | | | | | | | | | | | | Current assets: | | | | | | | | | | Cash and cash equivalents | | | | $ | 343,683 | | $ | 287,479 | | | Accounts receivable, net | | | | | 59,438 | | | 62,830 | | | Inventories, net | | | | | 69,778 | | | 72,123 | | | Other current assets | | | | | 15,807 | | | 14,398 | | | Total current assets | | | | | 488,706 | | | 436,830 | | | | | | | | | | | Property, plant and equipment, net | | | | | 109,042 | | | 106,496 | | | Other long-term assets | | | | | 180,354 | | | 183,904 | | | Total assets | | | | $ | 778,102 | | $ | 727,230 | | | | | | | | | | | | | | | | | | | LIABILITIES AND STOCKHOLDERS' EQUITY: | | | | | | | | | | | | | | | | Current liabilities: | | | | | | | | Accounts payable | | | | $ | 12,345 | | $ | 16,834 | | | Current portion of long-term debt | | | | | 9,844 | | | 7,656 | | | Accrued expenses, income taxes payable and other current liabilities | | | | | 42,924 | | | 41,395 | | | Total current liabilities | | | | | 65,113 | | | 65,885 | | | | | | | | | | | Long-term debt, net of current portion | | | | | 140,527 | | | 146,961 | | | Other long-term liabilities | | | | | 14,851 | | | 16,736 | | | Total liabilities | | | | | 220,491 | | | 229,582 | | | | | | | | | | | Stockholders' equity | | | | | 557,611 | | | 497,648 | | | Total liabilities and stockholders' equity | | | | $ | 778,102 | | $ | 727,230 | | | | | | | | | |
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