MaxLinear, Inc. Announces First Quarter 2017 Financial Results
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MAXLINEAR, INC. | |
UNAUDITED GAAP CONDENSED CONSOLIDATED BALANCE SHEETS | |
(in thousands) | | | | |
March 31, 2017 | |
December 31, 2016 | |
March 31, 2016 | | | | |
Assets | | | | | | | | Current assets: | | | | | | | | Cash and cash equivalents(1) | $ | 89,121 | | | $ | 81,086 | | | $ | 75,644 | | | | Short-term restricted cash(1) | 615 | | | 614 | | |
— | | | | Short-term investments, available-for-sale | 63,637 | | | 47,918 | | | 73,210 | | | | Accounts receivable, net | 57,836 | | | 50,487 | | | 41,040 | | | | Inventory | 31,685 | | | 26,583 | | | 29,421 | | | | Prepaid expenses and other current assets | 5,535 | | | 6,159 | | | 6,185 | | | | Total current assets | 248,429 | | | 212,847 | | | 225,500 | | | | Long-term restricted cash(1) | 1,502 | | | 1,196 | | | 1,196 | | | | Property and equipment, net | 19,162 | | | 20,549 | | | 21,538 | | | | Long-term investments, available-for-sale | — | | | 5,991 | | | 16,782 | | | | Intangible assets, net | 99,679 | | | 104,261 | | | 49,293 | | | | Goodwill | 75,673 | | | 76,015 | | | 49,779 | | | | Other long-term assets | 1,652 | | | 1,793 | | | 2,169 | | | | Total assets | $ | 446,097 | | | $ | 422,652 | | | $ | 366,257 | | | | | | | | | | | |
Liabilities and stockholders’ equity | | | | | | | | Current liabilities | $ | 64,555 | | | $ | 54,543 | | | $ | 61,708 | | | | Other long-term liabilities | 15,529 | | | 15,685 | | | 14,968 | | | | Total stockholders’ equity | 366,013 | | | 352,424 | | | 289,581 | | | | Total liabilities and stockholders’ equity | $ | 446,097 | | | $ | 422,652 | | | $ | 366,257 | | | | ___________________________________________ | | | | | | | | | | | | (1) Certain reclassifications for cash restricted in connection with guarantees for certain office leases have been made to prior periods to conform to the current period presentation. |
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