$MX
MAGNACHIP SEMICONDUCTOR Corp

2015 Q1 Form 10-Q Financial Statement

#000119312515214944 Filed on June 05, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q4 2014 Q1
Revenue $164.9M $167.7M $164.2M
YoY Change 0.44% -4.48% -15.52%
Cost Of Revenue $129.9M $133.2M $123.9M
YoY Change 4.86% -10.84% -8.96%
Gross Profit $34.98M $34.50M $40.28M
YoY Change -13.16% 100.81% -30.84%
Gross Profit Margin 21.21% 20.58% 24.53%
Selling, General & Admin $25.03M $32.50M $25.03M
YoY Change 0.01% 24.05% 20.28%
% of Gross Profit 71.56% 94.21% 62.14%
Research & Development $22.16M $22.10M $23.14M
YoY Change -4.22% -11.6% 10.1%
% of Gross Profit 63.36% 64.06% 57.44%
Depreciation & Amortization $6.870M $7.200M $7.268M
YoY Change -5.48% -6.49% -13.38%
% of Gross Profit 19.64% 20.87% 18.05%
Operating Expenses $47.19M $54.60M $48.16M
YoY Change -2.02% 6.85% 15.16%
Operating Profit -$12.21M -$30.41M -$7.887M
YoY Change 54.85% -8.35% -156.47%
Interest Expense -$4.125M -$34.30M -$4.070M
YoY Change 1.35% -357.89% -169.58%
% of Operating Profit
Other Income/Expense, Net $618.0K $600.0K -$12.92M
YoY Change -104.79% -72.73% -55.39%
Pretax Income -$18.90M -$64.10M -$20.80M
YoY Change -9.16% -32.53% 38.79%
Income Tax $1.133M -$200.0K $803.0K
% Of Pretax Income
Net Earnings -$20.03M -$63.83M -$21.61M
YoY Change -7.29% 187.56% 22.83%
Net Earnings / Revenue -12.15% -38.07% -13.16%
Basic Earnings Per Share -$0.59 -$1.87 -$0.63
Diluted Earnings Per Share -$0.59 -$1.87 -$0.63
COMMON SHARES
Basic Shares Outstanding 34.06M shares 34.06M shares 34.05M shares
Diluted Shares Outstanding 34.06M shares 34.06M shares 34.05M shares

Balance Sheet

Concept 2015 Q1 2014 Q4 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $91.40M $102.4M $104.8M
YoY Change -12.79% -33.33% -42.73%
Cash & Equivalents $91.40M $102.4M $104.8M
Short-Term Investments
Other Short-Term Assets $7.224M $6.898M $8.062M
YoY Change -10.39% -33.69% 51.48%
Inventory $76.42M $75.33M $83.70M
Prepaid Expenses $10.31M $7.560M $12.84M
Receivables $71.85M $72.96M $105.7M
Other Receivables $4.535M $10.62M $5.276M
Total Short-Term Assets $261.8M $276.0M $321.7M
YoY Change -18.62% -17.39% -29.38%
LONG-TERM ASSETS
Property, Plant & Equipment $216.5M $223.8M $251.6M
YoY Change -13.95% -12.01% -1.4%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $14.55M $14.15M $16.62M
YoY Change -12.46% -13.31% 8.2%
Total Long-Term Assets $243.7M $251.7M $286.4M
YoY Change -14.91% -13.52% -16.16%
TOTAL ASSETS
Total Short-Term Assets $261.8M $276.0M $321.7M
Total Long-Term Assets $243.7M $251.7M $286.4M
Total Assets $505.5M $527.7M $608.0M
YoY Change -16.87% -15.59% -23.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $73.81M $70.77M $73.68M
YoY Change 0.18% -5.72% -7.23%
Accrued Expenses $74.57M $81.06M $64.76M
YoY Change 15.15% 23.77% 31.45%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $161.2M $169.3M $163.1M
YoY Change -1.2% 4.43% -1.97%
LONG-TERM LIABILITIES
Long-Term Debt $224.1M $224.0M $224.0M
YoY Change 0.05% 0.05% 11.02%
Other Long-Term Liabilities $11.49M $13.64M $20.21M
YoY Change -43.16% -41.87% 45.45%
Total Long-Term Liabilities $235.6M $237.7M $244.2M
YoY Change -3.53% -3.93% 13.24%
TOTAL LIABILITIES
Total Short-Term Liabilities $161.2M $169.3M $163.1M
Total Long-Term Liabilities $235.6M $237.7M $244.2M
Total Liabilities $541.2M $546.2M $542.3M
YoY Change -0.2% 0.48% 9.82%
SHAREHOLDERS EQUITY
Retained Earnings -$31.37M -$11.34M $84.28M
YoY Change -137.22% -110.71% -69.88%
Common Stock $119.0M $118.8M $117.3M
YoY Change 1.45% 1.88% 13.12%
Preferred Stock
YoY Change
Treasury Stock (at cost) $90.92M $90.92M $90.92M
YoY Change 0.0% 0.0% 98.0%
Treasury Stock Shares 6.579M shares 6.579M shares 6.579M shares
Shareholders Equity -$35.78M -$18.50M $65.72M
YoY Change
Total Liabilities & Shareholders Equity $505.5M $527.7M $608.0M
YoY Change -16.87% -15.59% -23.71%

Cashflow Statement

Concept 2015 Q1 2014 Q4 2014 Q1
OPERATING ACTIVITIES
Net Income -$20.03M -$63.83M -$21.61M
YoY Change -7.29% 187.56% 22.83%
Depreciation, Depletion And Amortization $6.870M $7.200M $7.268M
YoY Change -5.48% -6.49% -13.38%
Cash From Operating Activities -$8.700M -$27.20M -$44.20M
YoY Change -80.32% -240.21% -217.73%
INVESTING ACTIVITIES
Capital Expenditures $557.0K -$2.000M $6.259M
YoY Change -91.1% -4.76% -80.23%
Acquisitions
YoY Change
Other Investing Activities -$15.00K $0.00 -$7.000K
YoY Change 114.29% -100.0% -93.0%
Cash From Investing Activities -$1.000M -$2.000M -$6.600M
YoY Change -84.85% -20.0% -80.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $67.00K
YoY Change -98.66%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 0.000 100.0K
YoY Change -100.0% -100.0% -102.0%
NET CHANGE
Cash From Operating Activities -8.700M -27.20M -44.20M
Cash From Investing Activities -1.000M -2.000M -6.600M
Cash From Financing Activities 0.000 0.000 100.0K
Net Change In Cash -9.700M -29.20M -50.70M
YoY Change -80.87% 1985.71% 4270.69%
FREE CASH FLOW
Cash From Operating Activities -$8.700M -$27.20M -$44.20M
Capital Expenditures $557.0K -$2.000M $6.259M
Free Cash Flow -$9.257M -$25.20M -$50.46M
YoY Change -81.65% -217.21% -956.4%

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