MagnaChip Reports First Quarter 2015 Financial Results

 

We define Adjusted EBITDA for the periods indicated as net income (loss), adjusted to exclude (i) depreciation and amortization, (ii) interest expense, net, (iii) income tax expenses (benefits), (iv) restructuring and impairment charges, (v) equity-based compensation expense, (vi) foreign currency loss (gain), net, (vii) derivative valuation loss (gain), net, and (viii) restatement related expenses.

We present Adjusted Net Income as a further supplemental measure of our performance. We prepare Adjusted Net Income by adjusting net income (loss) to eliminate the impact of a number of non-cash expenses and other items that may be either one time or recurring that we do not consider to be indicative of our core ongoing operating performance. We believe that Adjusted Net Income is particularly useful because it reflects the impact of our asset base and capital structure on our operating performance. We define Adjusted Net Income for the periods as net income (loss), adjusted to exclude (i) restructuring and impairment charges, (ii) equity-based compensation expense, (iii) amortization of intangibles, (iv) foreign currency loss (gain), net, (v) derivative valuation loss (gain), net, and (vi) restatement related expenses.

 

 

MAGNACHIP SEMICONDUCTOR CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In thousands of US dollars, except share data)
(Unaudited)




March 31, 
2015


December 31,
2014

Assets







Current assets







Cash and cash equivalents


$

91,395


$

102,434

Accounts receivable, net



71,848



72,957

Inventories, net



76,422



75,334

Other receivables



4,535



10,616

Prepaid expenses



10,311



7,560

Current deferred income tax assets



43



237

Other current assets



7,224



6,898








Total current assets



261,778



276,036








Property, plant and equipment, net



216,486



223,766

Intangible assets, net



2,422



2,451

Long-term prepaid expenses



9,951



10,916

Deferred income tax assets



281



415

Other non-current assets



14,548



14,147








Total assets


$

505,466


$

527,731








Liabilities and Stockholder s' Equity







Current liabilities







Accounts payable


$

73,812


$

70,767

Other accounts payable



8,195



10,986

Accrued expenses



74,573



81,060

Other current liabilities



4,616



6,460








Total current liabilities



161,196



169,273








Long-term borrowings, net



224,065



224,035

Accrued severance benefits, net



144,491



139,289

Other non-current liabilities



11,489



13,636








Total liabilities



541,241



546,233

Commitments and contingencies







Stockholders' equity







Common stock, $0.01 par value, 150,000,000 shares authorized, 40,635,233 shares issued and 34,056,468 outstanding at March 31, 2015 and December 31, 2014



406



406

Additional paid-in capital



118,604



118,419

Accumulated deficit



(31,372)



(11,343)

Treasury stock, 6,578,765 shares at March 31, 2015 and December 31, 2014



(90,918)



(90,918

Accumulated other comprehensive loss



(32,495)



(35,066








Total stockholders' equity (deficit)



(35,775)



(18,502








Total liabilities and stockholders' equity


$

505,466


$

527,731


« Previous Page 1 | 2 | 3 | 4 | 5 | 6  Next Page »



Review Article Be the first to review this article
 True Circuits: Ultra PLL

Synopsys: Custom Compiler

Featured Video
Editorial
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
Real Intent: Leveraging on Investments
More Editorial  
Jobs
FPGA Engineer for Teradyne Inc at San Jose, CA
Analog Hardware Engineer for Teradyne Inc at San Jose, CA
Technical Support Engineer EU/Germany/UK for EDA Careers at N/A, United Kingdom
Field Application Engineer for Teradyne Inc at San Jose, CA
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
Upcoming Events
CODES+ISSS 2017, Oct 15-20, 2017, Lotte Hotel, Seoul, South Korea at Lotte Hotel Seoul Korea (North) - Oct 15 - 20, 2017
DVCon 2017 Europe, Oct 16 - 17, 2017, Munich, Germany at Holiday Inn Munich City Centre Munich Germany - Oct 16 - 17, 2017
11th International Symposium on Networks-on-Chip (NOCS 2017) at Seoul Korea (South) - Oct 19 - 20, 2017
TrueCircuits: UltraPLL



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