2014 Q1 Form 10-Q Financial Statement

#000119312515046744 Filed on February 12, 2015

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $164.2M $194.3M
YoY Change -15.52% 10.38%
Cost Of Revenue $123.9M $136.1M
YoY Change -8.96% 7.08%
Gross Profit $40.28M $58.24M
YoY Change -30.84% 27.96%
Gross Profit Margin 24.53% 29.97%
Selling, General & Admin $25.03M $20.81M
YoY Change 20.28% 14.27%
% of Gross Profit 62.14% 35.73%
Research & Development $23.14M $21.02M
YoY Change 10.1% 5.97%
% of Gross Profit 57.44% 36.09%
Depreciation & Amortization $7.268M $8.391M
YoY Change -13.38% 12.27%
% of Gross Profit 18.05% 14.41%
Operating Expenses $48.16M $41.82M
YoY Change 15.16% 9.94%
Operating Profit -$7.887M $13.97M
YoY Change -156.47% 46.01%
Interest Expense -$4.070M $5.849M
YoY Change -169.58% 4.82%
% of Operating Profit 41.88%
Other Income/Expense, Net -$12.92M -$28.95M
YoY Change -55.39% -615.38%
Pretax Income -$20.80M -$14.99M
YoY Change 38.79% -185.68%
Income Tax $803.0K $2.601M
% Of Pretax Income
Net Earnings -$21.61M -$17.59M
YoY Change 22.83% -231.64%
Net Earnings / Revenue -13.16% -9.05%
Basic Earnings Per Share -$0.63 -$0.49
Diluted Earnings Per Share -$0.63 -$0.49
COMMON SHARES
Basic Shares Outstanding 34.05M shares 35.54M shares
Diluted Shares Outstanding 34.05M shares 35.54M shares

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $104.8M $183.0M
YoY Change -42.73% 16.86%
Cash & Equivalents $104.8M $183.0M
Short-Term Investments
Other Short-Term Assets $8.062M $5.322M
YoY Change 51.48% -69.76%
Inventory $83.70M $83.91M
Prepaid Expenses $12.84M $10.40M
Receivables $105.7M $146.3M
Other Receivables $5.276M $3.600M
Total Short-Term Assets $321.7M $455.5M
YoY Change -29.38% 21.78%
LONG-TERM ASSETS
Property, Plant & Equipment $251.6M $255.1M
YoY Change -1.4% 23.74%
Goodwill $3.237M
YoY Change
Intangibles $12.17M
YoY Change
Long-Term Investments
YoY Change
Other Assets $16.62M $15.36M
YoY Change 8.2% -30.5%
Total Long-Term Assets $286.4M $341.6M
YoY Change -16.16% 37.34%
TOTAL ASSETS
Total Short-Term Assets $321.7M $455.5M
Total Long-Term Assets $286.4M $341.6M
Total Assets $608.0M $797.0M
YoY Change -23.71% 28.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $73.68M $79.43M
YoY Change -7.23% -12.62%
Accrued Expenses $64.76M $49.27M
YoY Change 31.45% 24.41%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $163.1M $166.4M
YoY Change -1.97% 5.73%
LONG-TERM LIABILITIES
Long-Term Debt $224.0M $201.7M
YoY Change 11.02% 0.11%
Other Long-Term Liabilities $20.21M $13.90M
YoY Change 45.45% -86.09%
Total Long-Term Liabilities $244.2M $215.6M
YoY Change 13.24% -28.46%
TOTAL LIABILITIES
Total Short-Term Liabilities $163.1M $166.4M
Total Long-Term Liabilities $244.2M $215.6M
Total Liabilities $542.3M $493.9M
YoY Change 9.82% 7.64%
SHAREHOLDERS EQUITY
Retained Earnings $84.28M $279.8M
YoY Change -69.88%
Common Stock $117.3M $103.7M
YoY Change 13.12%
Preferred Stock
YoY Change
Treasury Stock (at cost) $90.92M $45.92M
YoY Change 98.0%
Treasury Stock Shares 6.579M shares 4.340M shares
Shareholders Equity $65.72M $177.8M
YoY Change
Total Liabilities & Shareholders Equity $608.0M $797.0M
YoY Change -23.71% 28.0%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income -$21.61M -$17.59M
YoY Change 22.83% -231.64%
Depreciation, Depletion And Amortization $7.268M $8.391M
YoY Change -13.38% 12.27%
Cash From Operating Activities -$44.20M $37.54M
YoY Change -217.73% -5.79%
INVESTING ACTIVITIES
Capital Expenditures $6.259M $31.65M
YoY Change -80.23% 27.85%
Acquisitions
YoY Change
Other Investing Activities -$7.000K -$100.0K
YoY Change -93.0% -308.33%
Cash From Investing Activities -$6.600M -$33.71M
YoY Change -80.42% 11.09%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $67.00K $4.994M
YoY Change -98.66% -57.77%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 100.0K -4.994M
YoY Change -102.0% -62.56%
NET CHANGE
Cash From Operating Activities -44.20M 37.54M
Cash From Investing Activities -6.600M -33.71M
Cash From Financing Activities 100.0K -4.994M
Net Change In Cash -50.70M -1.160M
YoY Change 4270.69% -69.7%
FREE CASH FLOW
Cash From Operating Activities -$44.20M $37.54M
Capital Expenditures $6.259M $31.65M
Free Cash Flow -$50.46M $5.892M
YoY Change -956.4% -60.97%

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IncomeTaxExpenseBenefit
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CostOfRevenue
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CY2014Q1 dei Document Type
DocumentType
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MAGNACHIP SEMICONDUCTOR Corp
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MX
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EntityFilerCategory
Accelerated Filer
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NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
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AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
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CY2014Q1 dei Document Period End Date
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CY2014Q1 dei Document Fiscal Year Focus
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2014
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CY2014Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2014Q1 dei Entity Central Index Key
EntityCentralIndexKey
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CY2014Q1 dei Document Fiscal Period Focus
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CY2014Q1 us-gaap Increase Decrease In Other Operating Capital Net
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CY2014Q1 us-gaap Gross Profit
GrossProfit
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CY2014Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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CY2014Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
5094000
CY2014Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2014Q1 us-gaap Increase Decrease In Inventories
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StockIssuedDuringPeriodValueStockOptionsExercised
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CY2014Q1 us-gaap Revenues
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CY2014Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
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ShareBasedCompensation
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CY2014Q1 mx Inventory Valuation Reserves Foreign Currency Translation Adjustments
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CY2014Q1 mx Payments For Guarantee Deposits
PaymentsForGuaranteeDeposits
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ForeignCurrencyTransactionGainLossBeforeTaxIncludingIntercompanyBalances
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NumberOfBusinessLines
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