Inphi Corporation Announces Fourth Quarter and Year Ended 2018 Results

The following table presents details of stock-based compensation expense included in each functional line item in the consolidated statements of operations above:

   Three Months Ended
December 31,
  Year Ended
December 31,
   2018  2017  2018  2017
  (in thousands of dollars) (in thousands of dollars)
  (Unaudited) (Unaudited)
Cost of revenue$  717 $  391$  2,527 $  2,045
Research and development   9,544   7,887   37,397   28,846
Sales and marketing   3,285   2,292   13,470   8,340
General and administrative   2,829   1,895   10,490   5,602
         
 $  16,375$  12,465$  63,884$  44,833
         


INPHI CORPORATION
CONSOLIDATED BALANCE SHEETS
(in thousands of dollars)
(Unaudited)
   December 31,
2018
  December 31,
2017
Assets    
Current assets:    
Cash and cash equivalents$  172,018 $  163,450 
Short-term investments in marketable securities   235,339    241,737 
Accounts receivable, net   61,271    67,993 
Inventories   33,052    31,721 
Prepaid expenses and other current assets   9,600    12,208 
Total current assets   511,280    517,109 
     
Property and equipment, net   70,740    60,344 
Goodwill   104,502    104,502 
Identifiable intangible assets   180,447    222,933 
Other noncurrent assets   22,904    12,618 
Total assets$  889,873 $  917,506 
     
Liabilities and Stockholders’ Equity     
         
Current liabilities:        
Accounts payable $   15,891   $   14,721  
Accrued expenses and other current liabilities     48,552       45,326  
         
Total current liabilities     64,443       60,047  
         
Convertible debt     447,825       421,431  
Other liabilities     10,911       24,627  
Total liabilities     523,179       506,105  
         
Stockholders’ equity:        
Common stock     44       43  
Additional paid-in capital     536,157       484,934  
Accumulated deficit     (169,896 )     (74,145 )
Accumulated other comprehensive income     389       569  
Total stockholders’ equity     366,694       411,401  
         
Total liabilities and stockholders’ equity $   889,873   $   917,506  
             

INPHI CORPORATION

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