CEVA, INC. AND ITS SUBSIDIARIES | ||
CONDENSED CONSOLIDATED BALANCE SHEETS | ||
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(U.S. Dollars in thousands) | ||
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| December 31, | December 31, |
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| 2022 | 2021(*) |
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| Unaudited | Unaudited |
ASSETS |
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Current assets: |
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Cash and cash equivalents | $ 21,285 | $ 33,153 |
Marketable securities and short-term bank deposits | 118,194 | 121,708 |
Trade receivables, net | 12,320 | 14,644 |
Unbilled receivables | 18,953 | 12,805 |
Prepaid expenses and other current assets | 6,896 | 6,670 |
Total current assets | 177,648 | 188,980 |
Long-term assets: |
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Bank deposits | 8,205 | — |
Severance pay fund | 8,475 | 10,175 |
Deferred tax assets, net | 8,576 | 15,850 |
Property and equipment, net | 7,099 | 6,765 |
Operating lease right-of-use assets | 10,283 | 8,827 |
Investment in marketable equity securities | 408 | 2,919 |
Goodwill | 74,777 | 74,777 |
Intangible assets, net | 6,680 | 14,607 |
Other long-term assets | 6,291 | 5,759 |
Total assets | $ 308,442 | $ 328,659 |
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LIABILITIES AND STOCKHOLDERS' EQUITY |
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Current liabilities: |
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Trade payables | $ 1,995 | $ 1,464 |
Deferred revenues | 3,168 | 8,661 |
Accrued expenses and other payables | 22,586 | 21,621 |
Taxes payable | 2,547 | 420 |
Operating lease liabilities | 2,982 | 3,274 |
Total current liabilities | 33,278 | 35,440 |
Long-term liabilities: |
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Accrued severance pay | 9,064 | 10,551 |
| Operating lease liabilities | 6,703 | 5,130 |
| Other accrued liabilities | 526 | 806 |
| Total liabilities | 49,571 | 51,927 |
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| Stockholders' equity: |
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| Common stock | 23 | 23 |
| Additional paid in-capital | 242,841 | 235,386 |
| Treasury stock | (9,904) | (13,790) |
| Accumulated other comprehensive income (loss) | (6,249) | (372) |
| Retained earnings | 32,160 | 55,485 |
| Total stockholders' equity | 258,871 | 276,732 |
| Total liabilities and stockholders' equity | $ 308,442 | $ 328,659 |
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| (*) Derived from audited financial statements |
