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
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
6/30/2013
Q2
3/31/2013
Q1
12/31/2012
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments406,599498,213258,472294,687320,226 
Cash and cash equivalents406,599498,213258,472294,687320,226 
Receivables12,97112,3777,47111,77420,389 
Inventory, net of allowances, customer advances and progress billings61,90939,087123,189119,635150,742
Inventory61,90939,087123,189119,635150,742 
Deferred costs6,3332,9772,2744,25447,937 
Deposits current assets8,0461,34112,6307,3229,907 
Prepaid expense and other current assets6,3408,6388,792 
Income taxes receivable2,7582,759 567567 
Deferred tax assets  17,881    
Other undisclosed current assets28,7038,33322,93737,92842,420 
Total current assets:527,319582,968433,313484,805600,980 
Noncurrent Assets
Inventory, Noncurrent50,01150,01036,72436,72436,724 
Property, plant and equipment425,757209,76065,75573,19574,414 
Intangible assets, net (including goodwill)147,246150,222153,683156,659136,082
Goodwill54,27954,27954,76554,76548,021 
Intangible assets, net (excluding goodwill)92,96795,94398,918101,89488,061 
Restricted cash and investments 95,81393,419    
Deferred costs28,22726,52826,34424,93824,352 
Other noncurrent assets210,971150,912   
Prepaid expense and other noncurrent assets92,08183,82687,198 
Deferred tax assets, net  (4,576)    
Other undisclosed noncurrent assets(78,238)(71,962)(36,724)(36,724)(36,724) 
Total noncurrent assets:879,787604,313337,863338,618322,046 
TOTAL ASSETS:1,407,1061,187,281771,176823,423923,026 
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities220,121116,71979,25563,57285,774 
Taxes payable1,62530111,9829,7036,319 
Accounts payable153,88877,30320,32616,42145,292 
Accrued liabilities64,60839,11546,94737,44834,163 
Debt   9,0637,2507,250 
Deferred revenue and credits25,56019,72413,70019,551103,333 
Other undisclosed current liabilities57,12739,22937,51257,12785,400 
Total current liabilities:302,808175,672139,530147,500281,757 
Noncurrent Liabilities
Long-term debt and lease obligation289,000283,914252,265253,190252,357 
Long-term debt, excluding current maturities289,000283,914252,265253,190252,357 
Liabilities, other than long-term debt252,682208,047140,411153,290155,614 
Customer advances or deposits55,59855,59855,59855,59864,384 
Deferred revenue and credits150,07799,67248,61348,67042,848 
Accrued income taxes28,42528,11627,74826,46626,104 
Deferred tax liabilities, net16,49423,4486,03420,22119,812 
Liability for uncertainty in income taxes  405    
Other liabilities2,0888082,4182,3352,466 
Other undisclosed noncurrent liabilities260,792187,24316,22912,4675,750 
Total noncurrent liabilities:802,474679,204408,905418,947413,721 
Total liabilities:1,105,282854,876548,435566,447695,478 
Equity
Equity, attributable to parent301,824332,405222,741256,976227,548 
Common stock1,3621,3451,2371,2341,194 
Additional paid in capital367,181355,916208,631204,789187,541 
Accumulated other comprehensive income7931,2591,0661,000807 
Retained earnings (accumulated deficit)(67,512)(26,115)11,80749,95338,006 
Total equity:301,824332,405222,741256,976227,548 
TOTAL LIABILITIES AND EQUITY:1,407,1061,187,281771,176823,423923,026 

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

6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
6/30/2013
Q2
3/31/2013
Q1
12/31/2012
Q4
Revenues
(Revenue, Net)
22,51032,57040,291168,33057,776 
Cost of revenue(21,152)(29,531)(22,514)(109,714)(44,161) 
Cost of goods and services sold(21,152)(29,531)(22,514)(109,714)(44,161) 
Gross profit:1,3583,03917,77758,61613,615 
Operating expenses(55,996)(52,795)(53,955)(37,485)(39,939) 
Operating income (loss):(54,638)(49,756)(36,178)21,131(26,324) 
Nonoperating income (expense)604(191)184(109)284 
Investment income, nonoperating96 1227094 
Other nonoperating income (expense)508 62(179)190 
Interest and debt expense(12,549)(11,370)(6,456)(6,526)(7,480) 
Other undisclosed income from continuing operations before equity method investments, income taxes  313    
Income (loss) from continuing operations before income taxes:(66,583)(61,004)(42,450)14,496(33,520) 
Income tax expense (benefit)25,18623,0824,304(2,549)14,839 
Income (loss) from continuing operations:(41,397)(37,922)(38,146)11,947(18,681) 
Income (loss) before gain (loss) on sale of properties:(41,397)(37,922)(38,146)11,947(18,681) 
Net income (loss) available to common stockholders, diluted:(41,397)(37,922)(38,146)11,947(18,681) 

Comprehensive Income ($ in thousands)

6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
6/30/2013
Q2
3/31/2013
Q1
12/31/2012
Q4
Net income (loss):(41,397)(37,922)(38,146)11,947(18,681) 
Other comprehensive income  19366193  
Comprehensive income (loss):(41,397)(37,729)(38,080)12,140(18,681) 
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(466)   1 
Comprehensive income (loss), net of tax, attributable to parent:(41,863)(37,729)(38,080)12,140(18,680) 

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: