DIODES INCORPORATED AND SUBSIDIARIES |
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CONSOLIDATED CONDENSED BALANCE SHEETS |
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(in thousands) |
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March 31, |
|
December 31, |
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|
2020 |
|
|
|
2019 |
|
||
(unaudited) |
|
(audited) |
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| Assets | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ |
269,516 |
|
$ |
258,390 |
|
||
| Short-term investments |
|
2,859 |
|
|
4,825 |
|
||
| Accounts receivable, net of allowances of $4,855 and $4,866 at
March 31, 2020 and December 31, 2019, respectively |
|
243,746 |
|
|
260,322 |
|
||
| Inventories |
|
232,184 |
|
|
236,472 |
|
||
| Prepaid expenses and other |
|
48,141 |
|
|
49,950 |
|
||
| Total current assets |
|
796,446 |
|
|
809,959 |
|
||
| Property, plant and equipment, net |
|
456,122 |
|
|
469,574 |
|
||
| Deferred income tax |
|
16,994 |
|
|
17,516 |
|
||
| Goodwill |
|
149,666 |
|
|
141,318 |
|
||
| Intangible assets, net |
|
121,218 |
|
|
119,523 |
|
||
| Other long-term assets |
|
79,820 |
|
|
81,494 |
|
||
| Total assets | $ |
1,620,266 |
|
$ |
1,639,384 |
|
||
| Liabilities | ||||||||
| Current liabilities: | ||||||||
| Line of credit | $ |
13,397 |
|
$ |
13,342 |
|
||
| Accounts payable |
|
112,075 |
|
|
122,148 |
|
||
| Accrued liabilities |
|
88,327 |
|
|
100,571 |
|
||
| Income tax payable |
|
15,642 |
|
|
16,156 |
|
||
| Current portion of long-term debt |
|
34,676 |
|
|
33,105 |
|
||
| Total current liabilities |
|
264,117 |
|
|
285,322 |
|
||
| Long-term debt, net of current portion |
|
46,011 |
|
|
64,401 |
|
||
| Deferred tax liabilities |
|
16,348 |
|
|
16,333 |
|
||
| Other long-term liabilities |
|
111,501 |
|
|
120,545 |
|
||
| Total liabilities |
|
437,977 |
|
|
486,601 |
|
||
| Commitments and contingencies | ||||||||
| Stockholders' equity | ||||||||
| Preferred stock - par value $1.00 per share; 1,000,000 shares authorized; no shares issued or outstanding |
|
- |
|
|
- |
|
||
| Common stock - par value $0.66 2/3 per share; 70,000,000 shares authorized; 51,450,808 and 51,206,969, issued and outstanding at March 31, 2020 and December 31, 2019, respectively |
|
35,289 |
|
|
35,111 |
|
||
| Additional paid-in capital |
|
427,543 |
|
|
427,262 |
|
||
| Retained earnings |
|
810,126 |
|
|
789,958 |
|
||
| Treasury stock, at cost, 1,480,840 and 1,457,206 shares held as of March 31, 2020 and December 31, 2019, respectively |
|
(38,457 |
) |
|
(37,768 |
) |
||
| Accumulated other comprehensive loss |
|
(109,472 |
) |
|
(108,139 |
) |
||
| Total stockholders' equity |
|
1,125,029 |
|
|
1,106,424 |
|
||
| Noncontrolling interest |
|
57,260 |
|
|
46,359 |
|
||
| Total equity |
|
1,182,289 |
|
|
1,152,783 |
|
||
| Total liabilities and stockholders' equity | $ |
1,620,266 |
|
$ |
1,639,384 |
|
||
|
Diodes Incorporated Reports First Quarter 2020 Financial Results
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