CEVA, Inc. Announces First Quarter 2014 Financial Results

 

CEVA, INC. AND ITS SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(U.S. Dollars in thousands)



March 31,

December 31,


2014

2013 (*)


Unaudited


ASSETS



Current assets:



Cash and cash equivalents

$        28,201

$        24,117

Marketable securities and short term bank deposits

107,475

110,411

Trade receivables, net

3,066

5,629

Deferred tax assets

3,278

3,457

Prepaid expenses and other current assets

3,641

1,996

Total current assets

145,661

145,610

Long-term assets:



Long term bank deposits

17,138

17,066

Severance pay fund

7,273

7,215

Deferred tax assets

1,036

955

Property and equipment, net

1,531

1,616

Goodwill

36,498

36,498

Investment in other companies

3,367

3,367

Total assets

$        212,504

$        212,327




LIABILITIES AND STOCKHOLDERS' EQUITY






Current liabilities:



Trade payables

$           622

$           1,085

Deferred revenues

800

623

Accrued expenses and other payables

10,377

10,563

Taxes Payable

1,858

1,833

Deferred tax liabilities

79

73

Total current liabilities

13,736

14,177




Accrued severance pay

7,383

7,255




Total liabilities

21,119

21,432




Stockholders' equity:



Common stock:

21

21

Additional paid in-capital

206,107

204,415

Treasury stock

(43,678)

(41,005)

Accumulated other comprehensive loss

(56)

(81)

Retained earnings

28,991

27,545

Total stockholders' equity

191,385

190,895

Total liabilities and stockholders' equity

$    212,504

$    212,327


(*) Derived from audited financial statements





Review Article Be the first to review this article
CST: Webinar

Aldec Simulator Evaluate Now

Featured Video
Jobs
Design Verification Engineer for Cirrus Logic, Inc. at Austin, TX
ASIC Design Engineer for Infinera Corp at Sunnyvale, CA
Senior DSP Firmware Engineer for Cirrus Logic, Inc. at Austin, TX
Principal PIC Hardware Controls Engineer for Infinera Corp at Sunnyvale, CA
Design Verification Engineer for intersil at Morrisville, NC
RF IC Design Engineering Manager for Intel at Santa Clara, CA
Upcoming Events
Essentials of Electronic Technology: A Crash Course at Columbia MD - Jan 16 - 18, 2018
Essentials of Digital Technology at MD - Feb 13 - 14, 2018
IPC APEX EXPO 2018 at San Diego Convention Center San Diego CA - Feb 24 - 1, 2018
CST: Webinar series



Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — 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 PolicyAdvertise