II-VI Incorporated Reports Fiscal 2020 Second Quarter Results
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II-VI Incorporated and Subsidiaries | |
Condensed Consolidated Balance Sheets (Unaudited) | |
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December 31, |
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June 30, | |
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2019 |
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2019 | |
Assets | | | | | | | | |
Current Assets | | | | | | | | | Cash and cash equivalents | | $ | 376,840 | | | $ | 204,872 | | | Accounts receivable | | | 488,902 | | | | 269,642 | | | Inventories | | | 662,982 | | | | 296,282 | | | Prepaid and refundable income taxes | | | 11,344 | | | | 11,778 | | | Prepaid and other current assets | | | 52,016 | | | | 30,337 | | |
Total Current Assets | | | 1,592,084 | | | | 812,911 | | | Property, plant & equipment, net | | | 1,347,147 | | | | 582,790 | | | Goodwill | | | 1,096,691 | | | | 319,778 | | | Other intangible assets, net | | | 929,773 | | | | 139,324 | | | Investments | | | 77,795 | | | | 76,208 | | | Deferred income taxes | | | 8,115 | | | | 8,524 | | | Other assets | | | 150,127 | | | | 14,238 | | |
Total Assets | | $ | 5,201,732 | | | $ | 1,953,773 | | | | | | | | | | | |
Liabilities and Shareholders
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Equity | | | | | | | | |
Current Liabilities | | | | | | | | | Current portion of long-term debt | | $ | 69,250 | | | $ | 23,834 | | | Accounts payable | | | 229,042 | | | | 104,462 | | | Operating lease current liabilities | | | 29,245 | | | | - | | | Accruals and other current liabilities | | | 248,781 | | | | 142,267 | | |
Total Current Liabilities | | | 576,318 | | | | 270,563 | | | Long-term debt | | | 2,228,207 | | | | 443,163 | | | Deferred income taxes | | | 87,252 | | | | 23,913 | | | Operating lease liabilities | | | 93,347 | | | | - | | | Other liabilities | | | 150,911 | | | | 82,925 | | | Total Liabilities | | | 3,136,035 | | | | 820,564 | | | Total Shareholders' Equity | | | 2,065,697 | | | | 1,133,209 | | |
Total Liabilities and Shareholders
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Equity | | $ | 5,201,732 | | | $ | 1,953,773 | | | | | | | | | | | |
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