Allegro MicroSystems Announces Results for the Third Fiscal

Allegro MicroSystems Announces Results for the Third Fiscal Quarter Ended December 25, 2020

CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share amounts)

	December 25, 2020 (Unaudited)			March 27, 2020
Assets
Current assets:
Cash and cash equivalents	$	157,653		$	214,491
Restricted cash	6,520			5,385
Trade accounts receivable, net of allowances for doubtful accounts of $138 and $288 at December 25, 2020 and March 27, 2020, respectively	67,334			59,457
Trade and other accounts receivable due from related party	20,153			30,851
Accounts receivable - other	1,373			1,796
Inventories	94,021			127,227
Prepaid expenses and other current assets	31,476			9,014
Total current assets	378,530			448,221
Property, plant and equipment, net	214,372			332,330
Deferred income tax assets	23,188			7,217
Goodwill	20,249			1,285
Intangible assets, net	36,420			19,958
Equity investment in related party	26,657			—
Other assets, net	12,482			8,810
Total assets	$	711,898		$	817,821
Liabilities, Non-Controlling Interest and Stockholders' Equity
Current liabilities:
Trade accounts payable	$	20,262		$	20,762
Amounts due to related party	2,078			4,494
Accrued expenses and other current liabilities	66,779			56,855
Current portion of related party debt	—			25,000
Bank lines-of-credit	—			43,000
Total current liabilities	89,119			150,111
Obligations due under Senior Secured Credit Facilities	25,000			—
Related party notes payable, less current portion	—			17,700
Other long-term liabilities	20,861			15,878
Total liabilities	134,980			183,689
Commitments and contingencies
Stockholders' Equity:
Preferred Stock, $0.01 par value; 20,000,000 shares authorized, no shares issued or outstanding at December 25, 2020 and March 27, 2020	—			—
Common stock, $0.01 par value; 1,000,000,000 shares authorized, 189,431,726 shares issued and outstanding at December 25, 2020; no shares authorized, issued or outstanding at March 27, 2020	1,894			—
Class A, $0.01 par value; No shares authorized, issued or outstanding at December 25, 2020; 12,500,000 shares authorized; 10,000,000 shares issued and outstanding at March 27, 2020	—			100
Class L, $0.01 par value; No shares authorized, issued or outstanding at December 25, 2020; 1,000,000 shares authorized; 622,470 shares issued and outstanding at March 27, 2020	—			6
Additional paid-in capital	589,202			458,697
(Accumulated deficit) / retained earnings	(5,094		)	194,355
Accumulated other comprehensive loss	(10,171		)	(19,976		)
Equity attributable to Allegro MicroSystems, Inc.	575,831			633,182
Non-controlling interests	1,087			950
Total stockholders' equity	576,918			634,132
Total liabilities, non-controlling interest and stockholders' equity	$	711,898		$	817,821

ALLEGRO MICROSYSTEMS, INC.

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