MAGNACHIP SEMICONDUCTOR CORPORATION AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(In thousands of U.S. dollars, except share data)

(Unaudited)

      March 31,

      2023

    December 31,

      2022

Assets

Current assets

Cash and cash equivalents

$     212,085

$     225,477

Accounts receivable, net

32,143

35,380

Inventories, net

36,360

39,883

Other receivables

5,342

7,847

Prepaid expenses

11,238

10,560

Hedge collateral

2,820

2,940

Other current assets

14,927

15,766

Total current assets

314,915

337,853

Property, plant and equipment, net

104,568

110,747

Operating lease right-of-use assets

5,413

5,265

Intangible assets, net

1,784

1,930

Long-term prepaid expenses

9,101

10,939

Deferred income taxes

37,380

38,324

Other non-current assets

14,683

11,587

Total assets

$     487,844

$      516,645

Liabilities and Stockholders' Equity

Current liabilities

Accounts payable

$       19,921

$       17,998

Other accounts payable

9,216

9,702

Accrued expenses

17,125

9,688

Accrued income taxes

146

3,154

Operating lease liabilities

1,622

1,397

Other current liabilities

5,261

5,306

Total current liabilities

53,291

47,245

Accrued severance benefits, net

23,608

23,121

Non-current operating lease liabilities

3,996

4,091

Other non-current liabilities

13,596

14,035

Total liabilities

94,491

88,492

Commitments and contingencies

Stockholders' equity

Common stock, $0.01 par value, 150,000,000 shares authorized, 56,437,182 shares issued and 42,589,315
outstanding at March 31, 2023 and 56,432,449 shares issued and 43,824,575 outstanding at December 31, 2022

564

564

Additional paid-in capital

267,187

266,058

Retained earnings

314,036

335,506

Treasury stock, 13,847,867 shares at March 31, 2023 and 12,607,874 shares at December 31, 2022, respectively

(173,441)

(161,422)

Accumulated other comprehensive loss

(14,993)

(12,553)

Total stockholders' equity

393,353

428,153

Total liabilities and stockholders' equity

$   487,844

$     516,645