IDT Reports Fiscal Second Quarter 2009 Results (Revenue down 2%)

 

INTEGRATED DEVICE TECHNOLOGY, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
Sept 28, March 30,
(In thousands) 2008 2008
ASSETS
Current assets:
Cash and cash equivalents $ 186,071 $ 131,986
Short-term investments 121,443 107,205
Accounts receivable, net 88,254 83,091
Inventories 76,373 79,954
Deferred Taxes 4,853 4,853
Prepaid and other current assets 16,658 26,081
Total current assets 493,652 433,170
Property, plant and equipment, net 77,173 81,652
Goodwill 1,026,724 1,027,438
Acquisition-related intangibles 163,038 204,489
Other assets 32,143 36,504
TOTAL ASSETS $ 1,792,730 $ 1,783,253
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 45,321 $ 44,655
Accrued compensation and related expenses 27,177 26,621
Deferred income on shipments to distributors 22,377 24,312
Income taxes payable 755 150
Other accrued liabilities 21,866 19,978
Total current liabilities 117,496 115,716
Deferred tax liabilities 8,152 7,678
Long term income taxes payable 20,826 20,673
Other long term obligations 17,763 18,364
Total liabilities 164,237 162,431
Stockholders' equity 1,628,493 1,620,822
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 1,792,730 $ 1,783,253

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