MaxLinear, Inc. Announces First Quarter 2018 Financial Results
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MAXLINEAR, INC.
UNAUDITED GAAP CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands) | | | | | | | | | | | | | | | | | | | | | |
March 31, 2018 | |
December 31, 2017 | |
March 31, 2017 | |
Assets | | | | | | | | Current assets: | | | | | | | Cash and cash equivalents | $ | 55,645 | | | $ | 71,872 | | | $ | 89,121 | | | Short-term restricted cash | 617 | | | 1,476 | | | 615 | | | Short-term investments, available-for-sale | — | | | — | | | 63,637 | | | Accounts receivable, net | 90,632 | | | 66,099 | | | 57,836 | | | Inventory | 45,758 | | | 53,434 | | | 31,685 | | | Prepaid expenses and other current assets | 8,413 | | | 8,423 | | | 5,535 | | | Total current assets | 201,065 | | | 201,304 | | | 248,429 | | | Long-term restricted cash | 1,071 | | | 1,064 | | | 1,502 | | | Property and equipment, net | 21,993 | | | 22,658 | | | 19,162 | | | Intangible assets, net | 298,031 | | | 315,045 | | | 99,679 | | | Goodwill | 237,810 | | | 237,992 | | | 75,673 | | | Deferred tax assets | 41,426 | | | 39,878 | | | — | | | Other long-term assets | 7,318 | | | 6,921 | | | 1,652 | | | Total assets | $ | 808,714 | | | $ | 824,862 | | | $ | 446,097 | | | | | | | | | |
Liabilities and stockholders’ equity | | | | | | | Current liabilities | $ | 67,061 | | | $ | 76,386 | | | $ | 64,555 | | | Long-term debt | 322,896 | | | 347,609 | | | — | | | Other long-term liabilities | 12,309 | | | 13,443 | | | 15,529 | | | Total stockholders’ equity | 406,448 | | | 387,424 | | | 366,013 | | | Total liabilities and stockholders’ equity | $ | 808,714 | | | $ | 824,862 | | | $ | 446,097 | |
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