(in thousands, except share and per share amounts)
| December 25, 2020 (Unaudited) |
March 27,
2020 | ||||||
| Assets | |||||||
| Current assets: | |||||||
| Cash and cash equivalents | $ | 157,653 | $ | 214,491 | |||
| Restricted cash | 6,520 | 5,385 | |||||
| Trade accounts receivable, net of allowances for doubtful accounts of $138 and $288 at December 25, 2020 and March 27, 2020, respectively | 67,334 | 59,457 | |||||
| Trade and other accounts receivable due from related party | 20,153 | 30,851 | |||||
| Accounts receivable - other | 1,373 | 1,796 | |||||
| Inventories | 94,021 | 127,227 | |||||
| Prepaid expenses and other current assets | 31,476 | 9,014 | |||||
| Total current assets | 378,530 | 448,221 | |||||
| Property, plant and equipment, net | 214,372 | 332,330 | |||||
| Deferred income tax assets | 23,188 | 7,217 | |||||
| Goodwill | 20,249 | 1,285 | |||||
| Intangible assets, net | 36,420 | 19,958 | |||||
| Equity investment in related party | 26,657 | — | |||||
| Other assets, net | 12,482 | 8,810 | |||||
| Total assets | $ | 711,898 | $ | 817,821 | |||
| Liabilities, Non-Controlling Interest and Stockholders' Equity | |||||||
| Current liabilities: | |||||||
| Trade accounts payable | $ | 20,262 | $ | 20,762 | |||
| Amounts due to related party | 2,078 | 4,494 | |||||
| Accrued expenses and other current liabilities | 66,779 | 56,855 | |||||
| Current portion of related party debt | — | 25,000 | |||||
| Bank lines-of-credit | — | 43,000 | |||||
| Total current liabilities | 89,119 | 150,111 | |||||
| Obligations due under Senior Secured Credit Facilities | 25,000 | — | |||||
| Related party notes payable, less current portion | — | 17,700 | |||||
| Other long-term liabilities | 20,861 | 15,878 | |||||
| Total liabilities | 134,980 | 183,689 | |||||
| Commitments and contingencies | |||||||
| Stockholders' Equity: | |||||||
| Preferred Stock, $0.01 par value; 20,000,000 shares authorized, no shares issued or outstanding at December 25, 2020 and March 27, 2020 | — | — | |||||
| Common stock, $0.01 par value; 1,000,000,000 shares authorized, 189,431,726 shares issued and outstanding at December 25, 2020; no shares authorized, issued or outstanding at March 27, 2020 | 1,894 | — | |||||
| Class A, $0.01 par value; No shares authorized, issued or outstanding at December 25, 2020; 12,500,000 shares authorized; 10,000,000 shares issued and outstanding at March 27, 2020 | — | 100 | |||||
| Class L, $0.01 par value; No shares authorized, issued or outstanding at December 25, 2020; 1,000,000 shares authorized; 622,470 shares issued and outstanding at March 27, 2020 | — | 6 | |||||
| Additional paid-in capital | 589,202 | 458,697 | |||||
| (Accumulated deficit) / retained earnings | (5,094 | ) | 194,355 | ||||
| Accumulated other comprehensive loss | (10,171 | ) | (19,976 | ) | |||
| Equity attributable to Allegro MicroSystems, Inc. | 575,831 | 633,182 | |||||
| Non-controlling interests | 1,087 | 950 | |||||
| Total stockholders' equity | 576,918 | 634,132 | |||||
| Total liabilities, non-controlling interest and stockholders' equity | $ | 711,898 | $ | 817,821 | |||
ALLEGRO MICROSYSTEMS, INC.
