Pixelworks Reports Second Quarter 2019 Financial Results

 

PIXELWORKS, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
(Unaudited)
 
     
  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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