Integrated Silicon Solution, Inc.

Condensed Consolidated Balance Sheets

(In thousands)

December 31,

September 30,

2014

2014

(unaudited)

(1)

ASSETS

Current assets:

  Cash and cash equivalents

$      130,731

$      137,534

  Restricted cash

-

1,000

  Short-term investments

1,417

1,477

  Accounts receivable, net

51,735

50,458

  Inventories

88,105

85,093

  Other current assets

16,842

18,901

Total current assets

288,830

294,463

Property and equipment, net

57,350

58,847

Purchased intangible assets, net

4,746

5,093

Goodwill

9,178

9,178

Other assets

37,880

32,761

Total assets

$      397,984

$      400,342

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

  Accounts payable

$        50,501

$        54,554

  Accrued compensation and benefits

10,362

9,875

  Accrued expenses

14,055

11,365

  Current portion of long-term debt

195

195

Total current liabilities 

75,113

75,989

Long-term debt

4,290

4,339

Other long-term liabilities

5,334

5,456

Total liabilities

84,737

85,784

Commitments and contingencies

Stockholders' equity:

  Common stock

3

3

  Additional paid-in capital

368,382

364,587

  Accumulated deficit

(49,743)

(51,076)

  Accumulated other comprehensive income (loss)

(7,533)

(1,044)

Total ISSI stockholders' equity

311,109

312,470

  Noncontrolling interest

2,138

2,088

Total stockholders' equity

313,247

314,558

Total liabilities and stockholders' equity

$      397,984

$      400,342

(1) Derived from audited financial statements.