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POWER INTEGRATIONS, INC.
CONSOLIDATED BALANCE SHEETS (in thousands) |
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March 31, 2015 |
December 31, 2014 |
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| ASSETS | ||||||||
| CURRENT ASSETS: | ||||||||
| Cash and cash equivalents | $ | 85,637 | $ | 60,708 | ||||
| Short-term marketable securities | 87,560 | 114,575 | ||||||
| Accounts receivable | 12,631 | 10,186 | ||||||
| Inventories | 65,009 | 64,025 | ||||||
| Deferred tax assets | 39 | 39 | ||||||
| Prepaid expenses and other current assets | 11,458 | 16,379 | ||||||
| Total current assets | 262,334 | 265,912 | ||||||
| PROPERTY AND EQUIPMENT, net | 94,179 | 95,823 | ||||||
| INTANGIBLE ASSETS, net | 42,758 | 35,524 | ||||||
| GOODWILL | 91,849 | 80,599 | ||||||
| DEFERRED TAX ASSETS | 11,265 | 11,562 | ||||||
| OTHER ASSETS | 4,789 | 4,243 | ||||||
| Total assets | $ | 507,174 | $ | 493,663 | ||||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||
| CURRENT LIABILITIES: | ||||||||
| Accounts payable | $ | 23,907 | $ | 21,980 | ||||
| Accrued payroll and related expenses | 8,815 | 9,071 | ||||||
| Taxes payable | 2,930 | 2,963 | ||||||
| Deferred tax liabilities | 2,187 | 2,193 | ||||||
| Deferred income on sales to distributors | 17,254 | 15,223 | ||||||
| Other accrued liabilities | 3,834 | 3,730 | ||||||
| Total current liabilities | 58,927 | 55,160 | ||||||
| LONG-TERM LIABILITIES | ||||||||
| Income taxes payable | 746 | 743 | ||||||
| Deferred tax liabilities | 4,059 | 4,272 | ||||||
| Other liabilities | 2,960 | 2,812 | ||||||
| Total liabilities | 66,692 | 62,987 | ||||||
| STOCKHOLDERS' EQUITY: | ||||||||
| Common stock | 29 | 29 | ||||||
| Additional paid-in capital | 178,816 | 171,938 | ||||||
| Accumulated other comprehensive loss | (1,031 | ) | (1,136 | ) | ||||
| Retained earnings | 262,668 | 259,845 | ||||||
| Total stockholders' equity | 440,482 | 430,676 | ||||||
| Total liabilities and stockholders' equity | $ | 507,174 | $ | 493,663 | ||||
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Power Integrations Reports First-Quarter Financial Results
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