Magnachip Semiconductor Corporation (MX) Financial Statements (2024 and earlier)

Company Profile

Business Address C/O MAGNACHIP SEMICONDUCTOR S.A.
LUXEMBOURG, L-2146
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)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments225,477279,547279,940151,657132,438128,575
Cash and cash equivalents225,477279,547279,940151,657132,438128,575
Receivables43,22776,84968,728122,989121,88696,318
Inventory, net of allowances, customer advances and progress billings39,88339,37039,03973,26771,61173,073
Inventory39,88339,37039,03973,26771,61173,073
Prepaid expense10,5607,6757,33212,25011,1339,250
Derivative instruments and hedges, assets2,9403,0605,2509,8205,8107,600
Other current assets15,7662,6199,3219,3829,86715,444
Total current assets:337,853409,120409,610379,365352,745330,260
Noncurrent Assets
Operating lease, right-of-use asset5,2654,2754,63211,482
Property, plant and equipment110,747107,88296,383182,574202,171205,903
Intangible assets, net (including goodwill)1,9302,3772,7274,0143,9534,061
Intangible assets, net (excluding goodwill)1,9302,3772,7274,0143,9534,061
Prepaid expense10,9398,2434,0588,83415,59812,791
Deferred income tax assets38,32441,09544,541 
Other noncurrent assets11,58710,6629,7399,0598,7295,510
Deferred tax assets, net 264
Total noncurrent assets:178,792174,534162,080215,963230,451228,529
TOTAL ASSETS:516,645583,654571,690595,328583,196558,789
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities37,38863,95370,936126,248117,049127,947
Accounts payable27,70043,88254,69571,17270,79976,201
Accrued liabilities9,68820,07116,24155,07646,25051,746
Deferred revenue 2,383  1,422
Debt   83,4792,036  
Other liabilities5,3067,3824,5954,1279,1331,860
Deferred revenue and credits8,335
Other undisclosed current liabilities2,16814,14614,608 6,477 
Total current liabilities:47,24585,481173,618133,833132,659138,142
Noncurrent Liabilities
Long-term debt and lease obligation  1,9522,422314,189303,577303,416
Long-term debt, excluding current maturities    304,743303,577303,416
Liabilities, other than long-term debt, including:18,12610,3959,58815,55918,2397,963
Deferred tax liabilities, net215 
Liability for uncertainty in income taxes      1,062
Other liabilities14,03510,3959,588   
Operating lease, liability4,0911,9522,4229,446
Other undisclosed liabilities, other than long-term debt    15,55918,0246,901
Other undisclosed noncurrent liabilities23,12133,06440,462146,728146,031148,905
Total noncurrent liabilities:41,24745,41152,472476,476467,847460,284
Total liabilities:88,492130,892226,090610,309600,506598,426
Equity
Equity, attributable to parent428,153452,762345,600(14,981)(17,310)(39,637)
Common stock564559450439431426
Treasury stock, value(161,422)(130,306)(108,397)(107,033)(103,926)(102,319)
Additional paid in capital266,058241,197163,010152,404142,600136,259
Accumulated other comprehensive income (loss)(12,553)(2,230)3,703(2,660)(20,110)(33,114)
Retained earnings (accumulated deficit)335,506343,542286,834(58,131)(36,305)(40,889)
Total equity:428,153452,762345,600(14,981)(17,310)(39,637)
TOTAL LIABILITIES AND EQUITY:516,645583,654571,690595,328583,196558,789

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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues337,658474,230507,059792,195750,898679,672
Cost of revenue(236,394)(320,687)(378,742)(611,584)(552,802)(491,779)
Cost of goods and services sold(236,394)(320,687)(378,742)(611,584)(552,802)(2,620)
Gross profit:101,264153,543128,317180,611198,096187,893
Operating expenses(106,508)(70,136)(101,301)(156,188)(150,678)(148,657)
Operating income (loss):(5,244)83,40727,01624,42347,41839,236
Nonoperating income (expense)(2,458)(8,067)2,728(18,833)(24,181)68,414
Investment income, nonoperating      
Gain (loss), foreign currency transaction, before tax(3,019)(11,853)(382)(21,813)(24,445)65,516
Other nonoperating income5613,7863,1102,9802642,898
Interest and debt expense(10)(14)(766)(42)(206) 
Income (loss) from continuing operations before equity method investments, income taxes:(7,712)75,32628,9785,54823,031107,650
Other undisclosed income (loss) from continuing operations before income taxes4,833(1,357)(18,147)(22,627)(22,282)(21,559)
Income (loss) from continuing operations before income taxes:(2,879)73,96910,831(17,079)74986,091
Income tax expense (benefit)(5,157)(17,261)46,228(4,747)(4,649)(1,155)
Income (loss) from continuing operations:(8,036)56,70857,059(21,826)(3,900)84,936
Income (loss) before gain (loss) on sale of properties:56,708344,965(21,826)(3,900)84,936
Income from discontinued operations   287,906   
Net income (loss) attributable to parent:(8,036)56,708344,965(21,826)(3,900)84,936
Other undisclosed net income available to common stockholders, basic      5,349
Net income (loss) available to common stockholders, basic:(8,036)56,708344,965(21,826)(3,900)90,285
Interest on convertible debt      5,349
Other undisclosed net income available to common stockholders, diluted  9595,708   
Net income (loss) available to common stockholders, diluted:(8,036)57,667350,673(21,826)(3,900)95,634

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(8,036)56,708344,965(21,826)(3,900)84,936
Comprehensive income (loss):(8,036)56,708344,965(21,826)(3,900)84,936
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(10,323)(5,933)6,36317,45013,004(47,138)
Comprehensive income (loss), net of tax, attributable to parent:(18,359)50,775351,328(4,376)9,10437,798

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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