SMIC Reports 2015 Second Quarter Results

Depreciation and Amortization

Amounts in US$ thousands

2Q15

1Q15

QoQ

2Q14

YoY

Depreciation and amortization

124,911

125,461

-0.4%

138,463

-9.8%


Liquidity

Amounts in US$ thousands

2Q15

1Q15

Cash and cash equivalent

766,165

402,378

Restricted cash

105,791

229,500

Other financial assets(1)

568,886

586,047

Trade and other receivables

489,675

454,383

Prepayment and prepaid
   operating expenses

37,507

38,969

Inventories

365,332

340,889

Total current assets

2,333,356

2,052,166




Current tax liabilities

412

33

Accrued liabilities

132,714

124,711

Deferred government funding

62,368

65,200

Short-term Borrowings

119,727

192,775

Trade and other payables

863,210

699,467

Total current liabilities

1,178,431

1,082,186




Cash Ratio(2)

0.7x

0.4x

Quick Ratio(3)

1.7x

1.6x

Current Ratio(4)

2.0x

1.9x




Note:

(1) Other financial assets contain financial products sold by
     bank and bank deposit over 3 months.

(2) Cash and cash equivalent divided by total current liabilities.

(3) Current assets excluding inventories divided by total current liabilities

(4) Total current assets divided by total current liabilities.

Capital Structure

Amounts in US$ thousands

 2Q15   

 1Q15   

Cash and cash equivalent

766,165

402,378

Restricted cash

105,791

229,500

Other financial assets ( 1 )

568,886

586,047




Short-term borrowings

119,727

192,775

Long-term borrowings

85,484

39,087

Convertible bonds

385,947

382,668

Corporate bonds

492,383

491,976

Total debt

1,083,541

1,106,506




Net debt ( 2 )

(251,510)

118,081

Equity

3,846,024

3,364,264

Total debt to equity ratio ( 3 )

28.2%

32.9%

Net debt to equity ratio ( 4 )

N/A ( 5 )

3.5%


Note:

(1) Other financial assets contain financial products sold by bank and bank deposit over 3 months.

(2) Net debt is total debt minus cash and cash equivalent, and other financial assets.

(3) Total debt divided by equity.

(4) Net debt divided by equity.

(5) The ratio was not applicable due to the negative net debt in 2Q15.


« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7  Next Page »



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

Featured Video
Jobs
Technical Marketing Manager Valley for EDA Careers at San Jose, CA
ASIC FPGA Verification Engineer for General Dynamics Mission Systems at Bloomington, MN
Development Engineer-WEB SKILLS +++ for EDA Careers at North Valley, CA
Technical Support Engineer for EDA Careers at Freemont, CA
Principal Engineer FPGA Design for Intevac at Santa Clara, CA
FAE FIELD APPLICATIONS SAN DIEGO for EDA Careers at San Diego, CA
Upcoming Events
DVCon 2017 Conference at DoubleTree Hotel San Jose CA - Feb 27 - 2, 2017
IoT Summit 2017 at Great America ballroom, Santa Clara Convention Center Santa Clara CA - Mar 16 - 17, 2017
SNUG Silicon Valley 2017 at Santa Clara Convention Center Santa Clara CA - Mar 22 - 23, 2017
CDNLive Silicon Valley 2017 at Santa Clara Convention Center Santa Clara CA - Apr 11 - 12, 2017
DownStream: Solutions for Post Processing PCB Designs
Verific: SystemVerilog & VHDL Parsers
TrueCircuits: UltraPLL



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+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