Magnachip Semiconductor Corporation (MX) financial statements (2022 and earlier)

Company profile

Business Address C/O MAGNACHIP SEMICONDUCTOR S.A.
LUXEMBOURG, L-2146
State of Incorp. DE
Fiscal Year End December 31
SIC 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments279,547 151,657132,438128,57583,355
Cash and cash equivalents279,547 151,657132,438128,57583,355
Restricted cash and investments     18,251
Receivables76,849 122,989121,88696,31867,639
Inventory, net of allowances, customer advances and progress billings39,370 73,26771,61173,07357,048
Inventory39,370 73,26771,61173,07357,048
Prepaid expense7,675 12,25011,1339,2508,137
Derivative instruments and hedges, assets3,060 9,8205,8107,6003,150
Deferred tax assets  37
Other current assets2,619 9,3829,86715,4445,076
Total current assets:409,120 379,365352,745330,260242,693
Noncurrent Assets
Operating lease, right-of-use asset4,275 11,482
Property, plant and equipment107,882 182,574202,171205,903179,793
Intangible assets, net (including goodwill)2,377 4,0143,9534,0613,085
Intangible assets, net (excluding goodwill)2,377 4,0143,9534,0613,085
Prepaid expense8,243 8,83415,59812,7919,556
Deferred income tax assets41,095  
Other noncurrent assets10,662 9,0598,7295,5106,632
Deferred tax assets, net 264193
Total noncurrent assets:174,534 215,963230,451228,529199,259
TOTAL ASSETS:583,654 595,328583,196558,789441,952
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities63,953 126,248117,049127,947124,146
Accounts payable43,882 71,17270,79976,20163,781
Accrued liabilities20,071 55,07646,25051,74660,365
Deferred revenue  1,422
Debt  2,036   
Deferred revenue and credits8,33511,092
Deferred tax liabilities  46
Other liabilities7,382 4,1279,1331,8601,654
Other undisclosed current liabilities14,146  6,477 16,503
Total current liabilities:85,481 133,833132,659138,142153,441
Noncurrent Liabilities
Long-term debt and lease obligation1,952 314,189303,577303,416221,082
Long-term debt, excluding current maturities  304,743303,577303,416221,082
Operating lease, liability1,952 9,446
Liabilities, other than long-term debt, including:10,395 15,55918,2397,96310,318
Deferred tax liabilities, net215 1
Liability for uncertainty in income taxes    1,062 
Other liabilities10,395     
Other undisclosed liabilities, other than long-term debt  15,55918,0246,90110,317
Other undisclosed noncurrent liabilities33,064 146,728146,031148,905129,225
Total noncurrent liabilities:45,411 476,476467,847460,284360,625
Total liabilities:130,892 610,309600,506598,426514,066
Stockholders' equity
Stockholders' equity attributable to parent452,762 (14,981)(17,310)(39,637)(72,114)
Common stock559 439431426416
Treasury stock, value(130,306) (107,033)(103,926)(102,319)(90,918)
Additional paid in capital241,197 152,404142,600136,259130,189
Accumulated other comprehensive income (loss)(2,230) (2,660)(20,110)(33,114)14,024
Retained earnings (accumulated deficit)343,542 (58,131)(36,305)(40,889)(125,825)
Total stockholders' equity:452,762 (14,981)(17,310)(39,637)(72,114)
TOTAL LIABILITIES AND EQUITY:583,654 595,328583,196558,789441,952

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues474,230 792,195750,898679,672687,969
Cost of revenue(320,687) (611,584)(552,802)(491,779)(531,743)
Cost of goods and services sold(320,687) (611,584)(552,802)(2,620)(11,384)
Gross profit:153,543 180,611198,096187,893156,226
Operating expenses(70,136) (156,188)(150,678)(148,657)(153,489)
Operating income:83,407 24,42347,41839,2362,737
Nonoperating income (expense)(8,067) (18,833)(24,181)68,414(12,370)
Foreign currency transaction gain (loss), before tax(11,853) (21,813)(24,445)65,516(15,360)
Other nonoperating income3,786 2,9802642,8982,990
Interest and debt expense(14) (42)(206)  
Income (loss) from continuing operations before equity method investments, income taxes:75,326 5,54823,031107,650(9,633)
Other undisclosed loss from continuing operations before income taxes(1,357) (22,627)(22,282)(21,559)(16,238)
Income (loss) from continuing operations before income taxes:73,969 (17,079)74986,091(25,871)
Income tax expense(17,261) (4,747)(4,649)(1,155)(3,744)
Net income (loss) attributable to parent:56,708 (21,826)(3,900)84,936(29,615)
Other undisclosed net income available to common stockholders, basic    5,349 
Net income (loss) available to common stockholders, basic:56,708 (21,826)(3,900)90,285(29,615)
Interest on convertible debt    5,349 
Other undisclosed net income available to common stockholders, diluted959     
Net income (loss) available to common stockholders, diluted:57,667 (21,826)(3,900)95,634(29,615)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):56,708 (21,826)(3,900)84,936(29,615)
Comprehensive income (loss):56,708 (21,826)(3,900)84,936(29,615)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(5,933) 17,45013,004(47,138)14,255
Comprehensive income (loss), net of tax, attributable to parent:50,775 (4,376)9,10437,798(15,360)

Statements sources

The financial statements are based on the company's filings with the 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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