Alpha and Omega Semiconductor Reports Financial Results for the Fiscal Second Quarter of 2018 Ended December 31, 2017
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Alpha and Omega Semiconductor Limited | |
Condensed Consolidated Balance Sheets | |
(in thousands, except par value per share) | |
(unaudited) | | |
December 31, 2017 | |
June 30, 2017 | |
ASSETS | | | | | Current assets: | | | | | Cash and cash equivalents | $ | 146,209 | | | $ | 115,708 | | | Restricted cash | 192 | | | 221 | | | Accounts receivable, net | 24,283 | | | 28,410 | | | Inventories | 85,672 | | | 76,254 | | | Other current assets | 8,942 | | | 4,883 | | | Total current assets | 265,298 | | | 225,476 | | | Property, plant and equipment, net | 193,253 | | | 148,191 | | | Intangible assets, net | 14,599 | | | 282 | | | Deferred income tax assets - long-term | 4,600 | | | 4,594 | | | Other long-term assets | 42,801 | | | 19,865 | | | Total assets | $ | 520,551 | | | $ | 398,408 | | |
LIABILITIES AND EQUITY | | | | | Current liabilities: | | | | | Accounts payable | $ | 70,521 | | | $ | 63,134 | | | Accrued liabilities | 51,238 | | | 28,386 | | | Income taxes payable | 1,280 | | | 1,748 | | | Deferred margin | 1,386 | | | 814 | | | Capital leases | 846 | | | 828 | | | Total current liabilities | 125,271 | | | 94,910 | | | Income taxes payable - long-term | 941 | | | 922 | | | Deferred income tax liabilities | 442 | | | 2,659 | | | Capital leases - long-term | 449 | | | 866 | | | Other long-term liabilities | 396 | | | 502 | | | Total liabilities | 127,499 | | | 99,859 | | | Equity: | | | | | Preferred shares, par value $0.002 per share: | | | | | Authorized: 10,000 shares, issued and outstanding: none at December 31, 2017 and June 30, 2017 | — | | | — | | | Common shares, par value $0.002 per share: | | | | | Authorized: 50,000 shares, issued and outstanding: 29,856 shares and 23,908 shares, respectively at December 31, 2017 and 29,600 shares and 23,992 shares, respectively at June 30, 2017 | 60 | | | 59 | | | Treasury shares at cost, 5,948 shares at December 31, 2017 and 5,608 shares at June 30, 2017 | (55,799 | ) | | (49,836 | ) | | Additional paid-in capital | 212,771 | | | 206,332 | | | Accumulated other comprehensive income | 2,455 | | | 306 | | | Retained earnings | 120,023 | | | 113,909 | | | Total Alpha and Omega Semiconductor Limited shareholder's equity | 279,510 | | | 270,770 | | | Noncontrolling interest | 113,542 | | | 27,779 | | | Total equity | 393,052 | | | 298,549 | | | Total liabilities and equity | $ | 520,551 | | | $ | 398,408 | |
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