CEVA, INC. AND ITS SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(U.S. Dollars in thousands)

June 30,
2021

December 31,
2020 (*)

Unaudited

Unaudited 

ASSETS

Current assets:

Cash and cash equivalents

$        26,706

$           21,143

Marketable securities and short-term bank deposits

100,394

108,987

Trade receivables, net

10,484

14,765

Unbilled receivables

16,213

16,459

Prepaid expenses and other current assets

7,451

6,205

Total current assets

161,248

167,559

Long-term assets:

Bank deposits

10,167

29,529

Severance pay fund

10,210

10,535

Deferred tax assets, net

13,220

10,826

Property and equipment, net

7,421

7,586

Operating lease right-of-use assets

8,211

9,052

Goodwill

75,979

51,070

Intangible assets, net

14,753

10,836

Other long-term assets

9,416

9,959

Total assets

$        310,625

$        306,952

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Trade payables

$           2,077

$           894

Deferred revenues

4,382

2,434

Accrued expenses and other payables

19,759

21,883

Operating lease liabilities

3,063

2,969

Total current liabilities

29,281

28,180

Long-term liabilities:

Accrued severance pay

10,606

11,226

Operating lease liabilities

4,718

5,772

Other accrued liabilities

1,004

885

Total liabilities

45,609

46,063

Stockholders' equity:

Common stock

23

22

Additional paid in-capital

230,083

233,172

Treasury stock

(17,210)

(30,133)

Accumulated other comprehensive income

239

478

Retained earnings

51,881

57,350

Total stockholders' equity

265,016

260,889

Total liabilities and stockholders' equity

$   310,625

$   306,952