Electro Scientific Industries, Inc.
Second Quarter Fiscal 2019 Results
Condensed Consolidated Balance Sheets
(Unaudited)
| (In thousands) | Sep 29, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
| Assets | |||||||||||
| Current assets: | |||||||||||
| Cash and cash equivalents | $ | 66,183 | $ | 74,854 | $ | 76,792 | |||||
| Short-term investments | 112,004 | 55,026 | 47,121 | ||||||||
| Trade receivables, net | 38,422 | 80,525 | 63,044 | ||||||||
| Inventories | 81,434 | 94,265 | 87,686 | ||||||||
| Shipped systems pending acceptance | 1,831 | 1,937 | 4,734 | ||||||||
| Other current assets (1) | 4,474 | 5,041 | 5,493 | ||||||||
| Total current assets | 304,348 | 311,648 | 284,870 | ||||||||
| Non-current assets: | |||||||||||
| Property, plant and equipment, net | 24,711 | 22,870 | 22,025 | ||||||||
| Non-current deferred income taxes, net | 43,734 | 43,637 | 43,518 | ||||||||
| Goodwill | 2,626 | 2,626 | 2,626 | ||||||||
| Acquired intangible assets, net | 4,456 | 4,812 | 5,169 | ||||||||
| Other assets(1) | 12,997 | 11,110 | 14,780 | ||||||||
| Total assets | $ | 392,872 | $ | 396,703 | $ | 372,988 | |||||
| Liabilities and shareholders' equity | |||||||||||
| Current liabilities: | |||||||||||
| Accounts payable | $ | 16,675 | $ | 32,616 | $ | 37,354 | |||||
| Accrued liabilities | 28,430 | 32,193 | 34,533 | ||||||||
| Deferred revenue | 8,535 | 9,026 | 9,818 | ||||||||
| Total current liabilities | 53,640 | 73,835 | 81,705 | ||||||||
| Non-current liabilities | |||||||||||
| Long-term debt | 12,550 | 12,659 | 12,766 | ||||||||
| Income taxes payable | 2,349 | 2,345 | 1,901 | ||||||||
| Other liabilities | 7,932 | 10,614 | 10,258 | ||||||||
| Total liabilities | 76,471 | 99,453 | 106,630 | ||||||||
| Shareholders' equity: | |||||||||||
| Preferred and common stock | 214,485 | 211,766 | 210,995 | ||||||||
| Retained earnings | 102,836 | 86,000 | 54,816 | ||||||||
| Accumulated other comprehensive (loss) income | (920 | ) | (516 | ) | 547 | ||||||
| Total shareholders' equity | 316,401 | 297,250 | 266,358 | ||||||||
| Total liabilities and shareholders' equity | $ | 392,872 | $ | 396,703 | $ | 372,988 | |||||
| End of period shares outstanding | 34,699 | 34,525 | 34,387 | ||||||||
