MaxLinear, Inc. Announces First Quarter 2018 Financial Results


 
MAXLINEAR, INC.
UNAUDITED GAAP CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
                  
  March 31, 2018  December 31, 2017  March 31, 2017
Assets
     
Current assets:     
Cash and cash equivalents$55,645  $71,872  $89,121 
Short-term restricted cash617  1,476  615 
Short-term investments, available-for-sale    63,637 
Accounts receivable, net90,632  66,099  57,836 
Inventory45,758  53,434  31,685 
Prepaid expenses and other current assets8,413  8,423  5,535 
Total current assets201,065  201,304  248,429 
Long-term restricted cash1,071  1,064  1,502 
Property and equipment, net21,993  22,658  19,162 
Intangible assets, net298,031  315,045  99,679 
Goodwill237,810  237,992  75,673 
Deferred tax assets41,426  39,878   
Other long-term assets7,318  6,921  1,652 
Total assets$808,714  $824,862  $446,097 
      
Liabilities and stockholders’ equity     
Current liabilities$67,061  $76,386  $64,555 
Long-term debt322,896  347,609   
Other long-term liabilities12,309  13,443  15,529 
Total stockholders’ equity406,448  387,424  366,013 
Total liabilities and stockholders’ equity$808,714  $824,862  $ 446,097  

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