EZchip Announces Record Second Quarter 2014 Results: Q2 Revenues Increase 33% Year-Over-Year To $22.1 Million

 

EZchip Semiconductor Ltd.

Condensed Consolidated Balance Sheet

(U.S. Dollars in thousands)









June 30,


December 31,




2014


2013




(Unaudited)


(Audited)


ASSETS






CURRENT ASSETS:






Cash, cash equivalents, marketable securities and deposits


$ 219,219


$ 202,865


Trade receivables, net


9,673


7,416


Other receivables


2,355


3,153


Inventories


5,974


5,969


Total current assets


237,221


219,403








NON CURRENT ASSETS:






Severance pay fund


7,594


7,416


Long term investment and others


350


364


Total non current assets


7,944


7,780








PROPERTY AND EQUIPMENT, NET


1,963


2,114








INTANGIBLE ASSETS, NET


5,242


4,127








GOODWILL


96,276


96,276








TOTAL ASSETS


$ 348,646


$ 329,700







LIABILITIES AND SHAREHOLDERS' EQUITY






CURRENT LIABILITIES:






Trade payables


$ 1,177


$ 3,951


Other payables and accrued expenses


8,188


7,309


Total current liabilities


9,365


11,260








ACCRUED SEVERANCE PAY


8,470


8,164








SHAREHOLDERS' EQUITY:






Share capital


166


164


Additional paid-in capital


336,479


328,003


Accumulated other comprehensive income


194


437


Accumulated deficit


(6,028)


(18,328)


Total shareholders' equity


330,811


310,276








TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY


$ 348,646


$ 329,700















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