MAGNACHIP SEMICONDUCTOR CORPORATION AND SUBSIDIARIES
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| September 30, | December 31, | ||||
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| 2020 |
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| 2019 |
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Assets |
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Current assets |
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Cash and cash equivalents | $ | 542,111 | $ | 151,657 | ||
Accounts receivable, net |
| 57,772 |
| 47,447 | ||
Inventories, net |
| 33,631 |
| 41,404 | ||
Other receivables |
| 4,551 |
| 10,200 | ||
Prepaid expenses |
| 8,265 |
| 9,003 | ||
Hedge collateral |
| 9,650 |
| 9,820 | ||
Other current assets |
| 8,338 |
| 10,013 | ||
Current assets held for sale |
| — |
| 99,821 | ||
Total current assets |
| 664,318 |
| 379,365 | ||
Property, plant and equipment, net |
| 77,489 |
| 73,068 | ||
Operating lease right-of-use assets |
| 2,032 |
| 1,876 | ||
Intangible assets, net |
| 2,877 |
| 2,769 | ||
Long-term prepaid expenses |
| 2,138 |
| 5,757 | ||
Other non-current assets |
| 8,598 |
| 9,059 | ||
Non-current assets held for sale |
| — |
| 123,434 | ||
Total assets | $ | 757,452 | $ | 595,328 | ||
Liabilities and Stockholders' Equity |
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Current liabilities |
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Accounts payable | $ | 40,497 | $ | 40,376 | ||
Other accounts payable |
| 7,639 |
| 6,410 | ||
Accrued expenses |
| 41,630 |
| 44,799 | ||
Accrued income taxes |
| 14,038 |
| 1,569 | ||
Operating lease liabilities |
| 1,390 |
| 1,625 | ||
Current portion of long-term borrowings, net |
| 306,567 |
| — | ||
Other current liabilities |
| 7,652 |
| 2,014 | ||
| Current liabilities held for sale |
| — |
| 37,040 | ||
| Total current liabilities |
| 419,413 |
| 133,833 | ||
| Long-term borrowings, net |
| — |
| 304,743 | ||
| Accrued severance benefits, net |
| 51,953 |
| 51,181 | ||
| Other non-current liabilities |
| 7,782 |
| 9,671 | ||
| Non-current liabilities held for sale |
| — |
| 110,881 | ||
| Total liabilities |
| 479,148 |
| 610,309 | ||
| Commitments and contingencies |
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| Stockholders' equity |
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| Common stock, $0.01 par value, 150,000,000 shares authorized, 44,595,393 shares issued and
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| outstanding at September 30, 2020 and 43,851,991 shares issued and 34,800,312 outstanding at
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| 447 |
| 439 | ||
| Additional paid-in capital |
| 159,840 |
| 152,404 | ||
| Retained earnings (deficit) |
| 220,253 |
| (58,131) | ||
| Treasury stock, 9,105,673 shares at September 30, 2020 and 9,051,679 shares at December 31,
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| (107,649) |
| (107,033) | ||
| Accumulated other comprehensive income (loss) |
| 5,413 |
| (2,660) | ||
| Total stockholders' equity (deficit) |
| 278,304 |
| (14,981) | ||
| Total liabilities and stockholders' equity | $ | 757,452 | $ | 595,328 | ||
