MAGNACHIP SEMICONDUCTOR CORPORATION AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(In thousands of US dollars, except share data)

(Unaudited)

September 30,
2018

December 31,
2017

(In thousands of US dollars,
except share data)

Assets

Current assets      

Cash and cash equivalents    

$  133,482

$      128,575

Accounts receivable, net        

103,221

92,026

Unbilled accounts receivable 

35,837

—

Inventories, net        

71,532

73,073

Other receivables     

7,510

4,292

Prepaid expenses     

15,481

9,250

Hedge collateral       

6,970

7,600

Other current assets 

10,711

15,444

Total current assets       

384,744

330,260

Property, plant and equipment, net

200,393

205,903

Intangible assets, net         

3,995

4,061

Long-term prepaid expenses            

17,744

12,791

Other non-current assets   

5,830

5,774

Total assets    

$  612,706

$      558,789

Liabilities and Stockholders' Equity

Current liabilities 

Accounts payable    

$     81,570

$        65,940

Other accounts payable         

16,445

10,261

Accrued expenses    

45,641

51,746

Deferred revenue     

11,682

8,335

Other current liabilities            

4,772

1,860

Total current liabilities  

160,110

138,142

Long-term borrowings, net

305,039

303,416

Accrued severance benefits, net      

148,148

148,905

Other non-current liabilities              

16,861

7,963

Total liabilities

630,158

598,426

Stockholders' equity          

Common stock, $0.01 par value,
  150,000,000 shares authorized,
 42,994,105 shares issued and 
 34,600,464 outstanding at September 30,
 2018 and 42,563,808 shares issued and
 34,189,599 outstanding at December 31, 2017           

430

426

Additional paid-in capital      

141,261

136,259

Accumulated deficit

(33,925 )

(40,889 )

Treasury stock, 8,393,641 shares at September 30,
  2018 and 8,374,209 shares at December 31, 2017

(102,518 )

(102,319 )

Accumulated other comprehensive loss              

(22,700 )

(33,114 )

Total stockholders' deficit           

(17,452 )

(39,637 )

Total liabilities and stockholders' equity  

$  612,706

$      558,789