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PIXELWORKS, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) (Unaudited) | ||||||
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June 30,
2019 |
December 31,
2018 | |||||
| ASSETS | ||||||
| Current assets: | ||||||
| Cash and cash equivalents | $ | 16,746 | $ | 17,944 | ||
| Short-term marketable securities | 6,575 | 6,069 | ||||
| Accounts receivable, net | 7,353 | 6,982 | ||||
| Inventories | 2,842 | 2,954 | ||||
| Prepaid expenses and other current assets | 2,303 | 1,494 | ||||
| Total current assets | 35,819 | 35,443 | ||||
| Property and equipment, net | 4,817 | 6,151 | ||||
| Operating lease right of use assets | 5,173 | — | ||||
| Other assets, net | 1,606 | 1,132 | ||||
| Acquired intangible assets, net | 3,452 | 4,208 | ||||
| Goodwill | 18,407 | 18,407 | ||||
| Total assets | $ | 69,274 | $ | 65,341 | ||
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||||||
| Current liabilities: | ||||||
| Accounts payable | $ | 2,183 | $ | 2,116 | ||
| Accrued liabilities and current portion of long-term liabilities | 9,158 | 10,256 | ||||
| Current portion of income taxes payable | 578 | 263 | ||||
| Total current liabilities | 11,919 | 12,635 | ||||
| Long-term liabilities, net of current portion | 674 | 1,017 | ||||
| Operating lease liabilities, net of current portion | 3,595 | — | ||||
| Income taxes payable, net of current portion | 2,335 | 2,299 | ||||
| Total liabilities | 18,523 | 15,951 | ||||
| Shareholders’ equity | 50,751 | 49,390 | ||||
| Total liabilities and shareholders’ equity | $ | 69,274 | $ | 65,341 | ||
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Pixelworks Reports Second Quarter 2019 Financial Results
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