GT Advanced Technologies Inc (GTAT) Financial Statements (2024 and earlier)

Company Profile

Business Address 243 DANIEL WEBSTER HIGHWAY
MERRIMACK, NH 03054
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

6/30/2014
MRQ
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 498,213418,095
Cash and cash equivalents 498,213418,095
Receivables 12,37723,829
Inventory, net of allowances, customer advances and progress billings39,087133,286
Inventory 39,087133,286
Deferred costs 2,97730,248
Deposits current assets 1,34132,440
Prepaid expense and other current assets9,168
Income taxes receivable 2,7591,516
Deferred tax assets 17,88128,309
Other undisclosed current assets 8,333 
Total current assets: 582,968676,891
Noncurrent Assets
Inventory, Noncurrent 50,01033,834
Property, plant and equipment 209,76077,980
Intangible assets, net (including goodwill)150,222136,568
Goodwill 54,27946,052
Intangible assets, net (excluding goodwill) 95,94390,516
Restricted cash and investments 93,419 
Deferred costs 26,52824,423
Other noncurrent assets 150,912
Prepaid expense and other noncurrent assets86,920
Deferred tax assets, net (4,576)(7,149)
Other undisclosed noncurrent assets (71,962)(26,685)
Total noncurrent assets: 604,313325,891
TOTAL ASSETS: 1,187,2811,002,782
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 116,71997,492
Taxes payable 30121,716
Accounts payable 77,30344,848
Accrued liabilities 39,11530,928
Debt  7,250
Deferred revenue and credits 19,72486,098
Other undisclosed current liabilities 39,229116,678
Total current liabilities: 175,672307,518
Noncurrent Liabilities
Long-term debt and lease obligation 283,914289,753
Long-term debt, excluding current maturities 283,914289,753
Liabilities, other than long-term debt 208,047158,023
Customer advances or deposits 55,59871,340
Deferred revenue and credits 99,67235,848
Accrued income taxes 28,11625,762
Deferred tax liabilities, net 23,44822,573
Liability for uncertainty in income taxes 405177
Other liabilities 8082,323
Other undisclosed noncurrent liabilities 187,2435,237
Total noncurrent liabilities: 679,204453,013
Total liabilities: 854,876760,531
Equity
Equity, attributable to parent 332,405242,251
Common stock 1,3451,193
Additional paid in capital 355,916183,565
Accumulated other comprehensive income 1,259806
Retained earnings (accumulated deficit) (26,115)56,687
Total equity: 332,405242,251
TOTAL LIABILITIES AND EQUITY: 1,187,2811,002,782

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

6/30/2014
TTM
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
 298,967 
Cost of revenue
(Cost of Goods and Services Sold)
 (205,920) 
Gross profit: 93,047 
Operating expenses (184,174)(57,037)
Operating loss: (91,127)(57,037)
Nonoperating income 168 
Investment income, nonoperating 364 
Loss, foreign currency transaction, before tax (313) 
Other nonoperating income 117 
Interest and debt expense (31,832) 
Other undisclosed income from continuing operations before equity method investments, income taxes 313 
Loss from continuing operations before income taxes: (122,478)(57,037)
Income tax benefit 39,676 
Loss from continuing operations: (82,802)(57,037)
Loss before gain (loss) on sale of properties: (82,802)(57,037)
Net loss available to common stockholders, diluted: (82,802)(57,037)

Comprehensive Income ($ in thousands)

6/30/2014
TTM
12/31/2013
12/31/2012
Net loss: (82,802)(57,037)
Other comprehensive income 453 
Comprehensive loss, net of tax, attributable to parent: (82,349)(57,037)

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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