| POWER INTEGRATIONS, INC. | |||||||||||||
| CONSOLIDATED BALANCE SHEETS | |||||||||||||
| (in thousands) | |||||||||||||
|
December 31, 2018 |
September 30, 2018 |
December 31, 2017 |
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| ASSETS | |||||||||||||
| CURRENT ASSETS: | |||||||||||||
| Cash and cash equivalents | $ | 134,137 | $ | 148,551 | $ | 93,655 | |||||||
| Short-term marketable securities | 94,451 | 99,766 | 189,236 | ||||||||||
| Accounts receivable, net | 11,072 | 13,742 | 16,798 | ||||||||||
| Inventories | 80,857 | 74,201 | 57,087 | ||||||||||
| Prepaid expenses and other current assets | 11,915 | 12,573 | 7,758 | ||||||||||
| Total current assets | 332,432 | 348,833 | 364,534 | ||||||||||
| PROPERTY AND EQUIPMENT, net | 114,117 | 113,841 | 111,705 | ||||||||||
| INTANGIBLE ASSETS, net | 21,152 | 22,452 | 25,419 | ||||||||||
| GOODWILL | 91,849 | 91,849 | 91,849 | ||||||||||
| DEFERRED TAX ASSETS | 6,906 | 3,673 | 2,364 | ||||||||||
| OTHER ASSETS | 22,241 | 23,779 | 25,203 | ||||||||||
| Total assets | $ | 588,697 | $ | 604,427 | $ | 621,074 | |||||||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||||
| CURRENT LIABILITIES: | |||||||||||||
| Accounts payable | $ | 31,552 | $ | 34,469 | $ | 33,211 | |||||||
| Accrued payroll and related expenses | 12,131 | 9,706 | 12,064 | ||||||||||
| Taxes payable | 933 | 1,311 | 1,767 | ||||||||||
| Other accrued liabilities | 3,750 | 5,019 | 4,009 | ||||||||||
| Total current liabilities | 48,366 | 50,505 | 51,051 | ||||||||||
| LONG-TERM LIABILITIES: | |||||||||||||
| Income taxes payable | 8,652 | 17,952 | 18,259 | ||||||||||
| Deferred tax liabilities | 216 | 52 | 138 | ||||||||||
| Other liabilities | 4,391 | 4,786 | 3,944 | ||||||||||
| Total liabilities | 61,625 | 73,295 | 73,392 | ||||||||||
| STOCKHOLDERS' EQUITY: | |||||||||||||
| Common stock | 28 | 28 | 29 | ||||||||||
| Additional paid-in capital | 126,164 | 148,696 | 198,384 | ||||||||||
| Accumulated other comprehensive loss | (1,689 | ) | (2,076 | ) | (2,139 | ) | |||||||
| Retained earnings | 402,569 | 384,484 | 351,408 | ||||||||||
| Total stockholders' equity | 527,072 | 531,132 | 547,682 | ||||||||||
| Total liabilities and stockholders' equity | $ | 588,697 | $ | 604,427 | $ | 621,074 | |||||||
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Power Integrations Reports Fourth-Quarter Financial Results
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