Pixelworks Reports Fourth Quarter 2013 Financial Results

* Adjusted EBITDA differs from GAAP net income (loss) due to the exclusion of stock-based compensation expense, additional amortization of a non-cancelable prepaid royalty, interest expense and other, net, income tax provision (benefit) and depreciation and amortization. Pixelworks' management believes the presentation of adjusted EBITDA provides useful information to investors regarding Pixelworks' results of operations by allowing investors to better evaluate underlying cash flow dynamics and core operating results and are used by Pixelworks' management for these purposes. Pixelworks, however, cautions investors to consider these non-GAAP financial measures in addition to, and not as a substitute for, our GAAP financial measures.

(In thousands)
    December 31,


    December 31,


Current assets:
Cash and cash equivalents $ 20,805 $ 13,404
Accounts receivable, net 4,761 3,772
Inventories 1,663 2,702
Prepaid expenses and other current assets   2,858   1,727
Total current assets 30,087 21,605
Property and equipment, net 4,084 6,283
Other assets, net   2,573   1,653
Total assets $ 36,744 $ 29,541
Current liabilities:
Accounts payable $ 1,327 $ 2,224
Accrued liabilities and current portion of long-term liabilities 10,505 8,666
Current portion of income taxes payable 92 207
Short-term line of credit   3,000  
Total current liabilities 14,924 11,097
Long-term liabilities, net of current portion 677 1,445
Income taxes payable, net of current portion   2,201   2,331
Total liabilities 17,802 14,873
Shareholders’ equity   18,942   14,668
Total liabilities and shareholders’ equity $ 36,744 $ 29,541

« Previous Page 1 | 2 | 3 | 4 | 5  Next Page »

Review Article Be the first to review this article

Synopsys: Custom Compiler

Featured Video
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
Diversity: Really, who cares
More Editorial  
Senior R&D Engineer...Timing Closure Specialist for EDA Careers at San Jose or Anywhere, CA
Senior Front-End RTL Design AE for EDA Careers at San Jose, CA
DDR 3-4-5 Developer with VIP for EDA Careers at San Jose, CA
Senior Methodology Automation Engineer for EDA Careers at San Jose, CA
Proposal Support Coordinator for Keystone Aerial Surveys at Philadelphia, PA
Upcoming Events
11th International Conference on Verification and Evaluation of Computer and Communication Systems at 1455 DeMaisonneuve W. EV05.139 Montreal Quebec Canada - Aug 24 - 25, 2017
The Rise of Mechatronics at Dassault Systèmes San Diego 5005 Wateridge Vista Drive San Diego CA - Sep 12, 2017
The Rise of Mechatronics at Buca di Beppo - Pasadena 80 West Green Street Pasadena CA - Sep 13, 2017
DownStream: Solutions for Post Processing PCB Designs
S2C: FPGA Base prototyping- Download white paper
TrueCircuits: UltraPLL

Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy