$MX
MAGNACHIP SEMICONDUCTOR Corp

2016 Q1 Form 10-Q Financial Statement

#000119312516580819 Filed on May 06, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q1
Revenue $148.1M $164.9M
YoY Change -10.18% 0.44%
Cost Of Revenue $113.9M $129.9M
YoY Change -12.36% 4.86%
Gross Profit $34.25M $34.98M
YoY Change -2.08% -13.16%
Gross Profit Margin 23.12% 21.21%
Selling, General & Admin $19.95M $25.03M
YoY Change -20.29% 0.01%
% of Gross Profit 58.26% 71.56%
Research & Development $17.82M $22.16M
YoY Change -19.61% -4.22%
% of Gross Profit 52.02% 63.36%
Depreciation & Amortization $6.024M $6.870M
YoY Change -12.31% -5.48%
% of Gross Profit 17.59% 19.64%
Operating Expenses $29.98M $47.19M
YoY Change -36.47% -2.02%
Operating Profit $4.267M -$12.21M
YoY Change -134.94% 54.85%
Interest Expense -$4.057M -$4.125M
YoY Change -1.65% 1.35%
% of Operating Profit -95.08%
Other Income/Expense, Net $535.0K $618.0K
YoY Change -13.43% -104.79%
Pretax Income $8.940M -$18.90M
YoY Change -147.31% -9.16%
Income Tax $815.0K $1.133M
% Of Pretax Income 9.12%
Net Earnings $8.125M -$20.03M
YoY Change -140.57% -7.29%
Net Earnings / Revenue 5.49% -12.15%
Basic Earnings Per Share $0.23 -$0.59
Diluted Earnings Per Share $0.23 -$0.59
COMMON SHARES
Basic Shares Outstanding 34.70M shares 34.06M shares
Diluted Shares Outstanding 34.92M shares 34.06M shares

Balance Sheet

Concept 2016 Q1 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $73.50M $91.40M
YoY Change -19.58% -12.79%
Cash & Equivalents $73.53M $91.40M
Short-Term Investments
Other Short-Term Assets $3.067M $7.224M
YoY Change -57.54% -10.39%
Inventory $71.00M $76.42M
Prepaid Expenses $10.32M $10.31M
Receivables $55.16M $71.85M
Other Receivables $2.756M $4.535M
Total Short-Term Assets $247.4M $261.8M
YoY Change -5.49% -18.62%
LONG-TERM ASSETS
Property, Plant & Equipment $190.6M $216.5M
YoY Change -11.98% -13.95%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.649M $14.55M
YoY Change -54.3% -12.46%
Total Long-Term Assets $211.4M $243.7M
YoY Change -13.24% -14.91%
TOTAL ASSETS
Total Short-Term Assets $247.4M $261.8M
Total Long-Term Assets $211.4M $243.7M
Total Assets $458.8M $505.5M
YoY Change -9.23% -16.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $60.10M $73.81M
YoY Change -18.58% 0.18%
Accrued Expenses $74.47M $74.57M
YoY Change -0.14% 15.15%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $147.2M $161.2M
YoY Change -8.71% -1.2%
LONG-TERM LIABILITIES
Long-Term Debt $220.5M $224.1M
YoY Change -1.57% 0.05%
Other Long-Term Liabilities $150.8M $11.49M
YoY Change 1212.56% -43.16%
Total Long-Term Liabilities $220.5M $235.6M
YoY Change -6.37% -3.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $147.2M $161.2M
Total Long-Term Liabilities $220.5M $235.6M
Total Liabilities $518.5M $541.2M
YoY Change -4.21% -0.2%
SHAREHOLDERS EQUITY
Retained Earnings -$88.09M -$31.37M
YoY Change 180.78% -137.22%
Common Stock $125.6M $119.0M
YoY Change 5.51% 1.45%
Preferred Stock
YoY Change
Treasury Stock (at cost) $90.92M $90.92M
YoY Change 0.0% 0.0%
Treasury Stock Shares 6.579M shares 6.579M shares
Shareholders Equity -$59.62M -$35.78M
YoY Change
Total Liabilities & Shareholders Equity $458.8M $505.5M
YoY Change -9.23% -16.87%

Cashflow Statement

Concept 2016 Q1 2015 Q1
OPERATING ACTIVITIES
Net Income $8.125M -$20.03M
YoY Change -140.57% -7.29%
Depreciation, Depletion And Amortization $6.024M $6.870M
YoY Change -12.31% -5.48%
Cash From Operating Activities -$18.20M -$8.700M
YoY Change 109.2% -80.32%
INVESTING ACTIVITIES
Capital Expenditures $4.288M $557.0K
YoY Change 669.84% -91.1%
Acquisitions
YoY Change
Other Investing Activities -$10.00K -$15.00K
YoY Change -33.33% 114.29%
Cash From Investing Activities -$200.0K -$1.000M
YoY Change -80.0% -84.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 0.000
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities -18.20M -8.700M
Cash From Investing Activities -200.0K -1.000M
Cash From Financing Activities 0.000 0.000
Net Change In Cash -18.40M -9.700M
YoY Change 89.69% -80.87%
FREE CASH FLOW
Cash From Operating Activities -$18.20M -$8.700M
Capital Expenditures $4.288M $557.0K
Free Cash Flow -$22.49M -$9.257M
YoY Change 142.93% -81.65%

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