PMC-Sierra Reports First Quarter 2009 Results

PMC-Sierra, Inc.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
(unaudited)
     
March 29, December 28,
2009 2008
  Restated
ASSETS:
Current assets:
Cash and cash equivalents $ 247,435 $ 97,839
Short-term investments 70,542 209,685
Accounts receivable, net 40,372 40,191
Inventories, net 30,889 34,003
Prepaid expenses and other current assets 12,633 9,683
Deferred tax assets   883     3,949  
Total current assets 402,754 395,350
 
Goodwill 396,144 396,144
Intangible assets, net 144,312 153,956
Prepaid expenses 22,694 -
Property and equipment, net 14,408 15,858
Investments and other assets 11,168 3,512
Deposits for wafer fabrication capacity   5,145     5,145  
$ 996,625   $ 969,965  
 
LIABILITIES AND STOCKHOLDERS' EQUITY:
Current liabilities:
Accounts payable $ 17,338 $ 17,066
Accrued liabilities 50,703 51,390
Liability for unrecognized tax benefit 23,321 23,398
Income taxes payable 9,708 -
Deferred income taxes 4,007 2,042
Accrued restructuring costs 5,396 5,938
Deferred income   8,912     11,200  
Total current liabilities 119,385 111,034
 
2.25% senior convertible notes due October 15, 2025, net 56,085 55,357
Long-term obligations 6,746 503
Deferred taxes and other tax liabilities 18,779 17,806
Liability for unrecognized tax benefit 6,989 3,352
 

PMC special shares convertible into 2,025 (2008 - 2,045) shares of common stock

2,638 2,655
 
Stockholders' equity
Common stock and additional paid in capital 1,481,220 1,471,717
Accumulated other comprehensive loss (2,059 ) (3,218 )
Accumulated deficit   (693,158 )   (689,241 )
Total stockholders' equity   786,003     779,258  
$ 996,625   $ 969,965  
 

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



Review Article Be the first to review this article
Featured Video
Jobs
Technical Marketing Manager Valley for EDA Careers at San Jose, CA
Senior DSP Architect / System Engineer for General Dynamics Mission Systems at Scottsdale, AZ
Principal Engineer FPGA Design for Intevac at Santa Clara, CA
Technical Support Engineer for EDA Careers at Freemont, CA
FAE FIELD APPLICATIONS SAN DIEGO for EDA Careers at San Diego, CA
Sr. Staff Design SSD ASIC Engineer for Toshiba America Electronic Components. Inc. at San Jose, CA
Upcoming Events
FPGA 2017 at 350 Calle Pincipal, Marriott Hotel Monterey CA - Feb 22 - 24, 2017
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



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