Hittite Microwave Corp (HITT) Financial Statements (2024 and earlier)

Company Profile

Business Address 2 ELIZABETH DRIVE
CHELMSFORD, MA 01824
State of Incorp.
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)

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 investments472,547457,329438,169429,353 
Cash and cash equivalents118,600219,232248,197239,325 
Short-term investments353,947238,097189,972190,028 
Receivables36,18635,67135,73735,340 
Inventory, net of allowances, customer advances and progress billings76,02077,72276,47771,976
Inventory76,02077,72276,47771,976 
Prepaid expense and other current assets2,9972,9602,6693,380 
Income taxes receivable5,9914,1314,672152 
Deferred tax assets13,39913,45114,21314,557 
Total current assets:607,140591,264571,937554,758 
Noncurrent Assets
Property, plant and equipment39,43340,08336,66335,820 
Intangible assets, net (including goodwill) 8,076
Goodwill 4,346    
Intangible assets, net (excluding goodwill) 3,730    
Prepaid expense and other noncurrent assets8,1908,8699,41510,262 
Deferred tax assets, net1,7252,0661,7001,210 
Other undisclosed noncurrent assets (8,076)    
Total noncurrent assets:49,34851,01847,77847,292 
TOTAL ASSETS:656,488642,282619,715602,050 
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9,22311,2389,66313,112 
Taxes payable1932062394,373 
Employee-related liabilities4,0595,2354,7564,860 
Accounts payable4,9715,7974,6683,879 
Deferred revenue and credits6,7355,1744,7934,142 
Other liabilities4,7605,2918,39210,387 
Other undisclosed current liabilities1,5671,7321,6951,586 
Total current liabilities:22,28523,43524,54329,227 
Noncurrent Liabilities
Liabilities, other than long-term debt6,1745,4204,0322,233 
Deferred tax liabilities, net232348521576 
Liability for uncertainty in income taxes5,8394,9643,4011,543 
Other liabilities103108110114 
Total noncurrent liabilities:6,1745,4204,0322,233 
Total liabilities:28,45928,85528,57531,460 
Equity
Equity, attributable to parent628,029613,427591,140570,590 
Common stock314315315316 
Additional paid in capital204,803201,199197,721194,058 
Accumulated other comprehensive loss(823)(1,392)(1,530)(1,018) 
Retained earnings423,735413,305394,634377,234 
Total equity:628,029613,427591,140570,590 
TOTAL LIABILITIES AND EQUITY:656,488642,282619,715602,050 

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

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)
68,77568,73768,60767,696 
Cost of revenue
(Cost of Goods and Services Sold)
(22,502)(19,808)(18,933)(17,797) 
Gross profit:46,27348,92949,67449,899 
Operating expenses(21,292)(20,930)(22,134)(22,779) 
Operating income:24,98127,99927,54027,120 
Nonoperating income (expense)(1,015)10513296 
Investment income, nonoperating60596866 
Other nonoperating income (expense)(1,075)466430 
Income from continuing operations before income taxes:23,96628,10427,67227,216 
Income tax expense(8,360)(9,365)(9,622)(9,618) 
Income from continuing operations:15,60618,73918,05017,598 
Income before gain (loss) on sale of properties:15,60618,73918,05017,598 
Net income available to common stockholders, diluted:15,60618,73918,05017,598 

Comprehensive Income ($ in thousands)

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:15,60618,73918,05017,598 
Comprehensive income:15,60618,73918,05017,598 
Other undisclosed comprehensive income (loss), net of tax, attributable to parent569138(512)(554) 
Comprehensive income, net of tax, attributable to parent:16,17518,87717,53817,044 

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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