CEVA Inc. (CEVA) Financial Statements (2024 and earlier)

Company Profile

Business Address 15245 SHADY GROVE ROAD
ROCKVILLE, MD 20850
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 737 - Computer Programming, Data Processing, And Other Computer Related Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments156,388133,773126,370109,89787,67099,729
Cash and cash equivalents23,28721,28533,15321,14322,80322,260
Short-term investments133,101112,48893,21788,75464,86777,469
Receivables30,30731,25027,44931,22428,30726,156
Other undisclosed current assets22,67612,60235,16126,43862,57551,403
Total current assets:209,371177,625188,980167,559178,552177,288
Noncurrent Assets
Operating lease, right-of-use asset6,97810,2838,8279,05211,066
Property, plant and equipment6,7327,0996,7657,5867,8797,344
Long-term investments and receivables4064082,919936936936
Long-term investments4064082,919936936936
Intangible assets, net (including goodwill)61,27581,45789,38461,90664,49449,312
Goodwill58,30874,77774,77751,07051,07046,612
Intangible assets, net (excluding goodwill)2,9676,68014,60710,83613,4242,700
Deferred income tax assets1,6098,59915,85010,82610,605
Other noncurrent assets10,6446,2915,7599,0238,2405,569
Deferred tax assets, net5,924
Other undisclosed noncurrent assets7,07016,68010,17540,06415,24930,890
Total noncurrent assets:94,714130,817139,679139,393118,46999,975
TOTAL ASSETS:304,085308,442328,659306,952297,021277,263
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6,9548,65523,50522,77720,34318,159
Employee-related liabilities18,01118,04015,89413,183
Accounts payable1,1541,9951,464894701632
Accrued liabilities5,8006,6604,0303,8433,7484,344
Deferred revenue3,0183,1688,6612,4343,642
Debt     2,393 
Contract with customer, liability3,593
Other undisclosed current liabilities16,91521,4553,2742,969  
Total current liabilities:26,88733,27835,44028,18026,37821,752
Noncurrent Liabilities
Long-term debt and lease obligation:   5,1305,7728,273 
Liabilities, other than long-term debt, including:5,3337,2298068856629,632
Accounts payable and accrued liabilities1,390526806885662 
Operating lease, liability3,9436,7035,1305,7728,273
Other undisclosed liabilities, other than long-term debt      9,632
Other undisclosed noncurrent liabilities7,5249,06410,55111,22610,551 
Total noncurrent liabilities:12,85716,29316,48717,88319,4869,632
Total liabilities:39,74449,57151,92746,06345,86431,384
Equity
Equity, attributable to parent264,341258,871276,732260,889251,157245,879
Common stock232323222222
Treasury stock, value(5,620)(9,904)(13,790)(30,133)(39,390)(39,132)
Additional paid in capital252,100242,841235,386233,172228,005223,250
Accumulated other comprehensive income (loss)(2,329)(6,249)(372)47894(1,114)
Retained earnings20,16732,16055,48557,35062,42662,853
Total equity:264,341258,871276,732260,889251,157245,879
TOTAL LIABILITIES AND EQUITY:304,085308,442328,659306,952297,021277,263

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues97,419134,648122,706100,32687,15277,877
Cost of revenue(11,648)(27,052)(16,827)(10,749)(10,106)(7,951)
Gross profit:85,771107,596105,87989,57777,04669,926
Operating expenses(99,238)(113,005)(102,371)(90,340)(78,970)(71,171)
Operating income (loss):(13,467)(5,409)3,508(763)(1,924)(1,245)
Nonoperating income
(Investment Income, Nonoperating)
5,2642,8121973,2843,2913,418
Other undisclosed loss from continuing operations before equity method investments, income taxes      (870)
Income (loss) from continuing operations before equity method investments, income taxes:(8,203)(2,597)3,7052,5211,3671,303
Other undisclosed income (loss) from continuing operations before income taxes(2)(2,511)1,983   
Income (loss) from continuing operations before income taxes:(8,205)(5,108)5,6882,5211,3671,303
Income tax expense(10,232)(18,075)(5,292)(4,900)(1,339)(729)
Income (loss) from continuing operations:(18,437)(23,183)396(2,379)28574
Income (loss) before gain (loss) on sale of properties:396(2,379)28574
Income from discontinued operations6,559     
Net income (loss) available to common stockholders, diluted:(11,878)(23,183)396(2,379)28574

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):(11,878)(23,183)396(2,379)28574
Other comprehensive income (loss)3,920(5,877)(850)3841,208(528)
Comprehensive income (loss), net of tax, attributable to parent:(7,958)(29,060)(454)(1,995)1,23646

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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