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)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments158,092166,644172,954212,085225,477250,831
Cash and cash equivalents158,092166,644172,954212,085225,477250,831
Receivables36,93643,91838,50737,48543,22745,007
Inventory, net of allowances, customer advances and progress billings32,73330,83632,33736,36039,88337,298
Inventory32,73330,83632,33736,36039,88337,298
Prepaid expense7,3909,0959,55311,23810,56010,322
Derivative instruments and hedges, assets1,0002,6802,1202,8202,94015,370
Other current assets9,28324,57219,07014,92715,76620,208
Total current assets:245,434277,745274,541314,915337,853379,036
Noncurrent Assets
Operating lease, right-of-use asset4,6394,7255,2245,4135,2654,928
Property, plant and equipment100,12296,141101,067104,568110,74794,411
Intangible assets, net (including goodwill)1,5371,5831,7061,7841,9301,770
Intangible assets, net (excluding goodwill)1,5371,5831,7061,7841,9301,770
Prepaid expense5,7366,1247,4309,10110,93911,382
Deferred income tax assets50,83636,35837,14137,38038,32434,299
Other noncurrent assets12,18711,62216,62614,68311,58710,382
Total noncurrent assets:175,057156,553169,194172,929178,792157,172
TOTAL ASSETS:420,491434,298443,735487,844516,645536,208
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities40,19241,13939,29646,26237,38871,051
Taxes payable3,345
Employee-related liabilities10,552
Accounts payable29,73531,47128,84029,13727,70041,354
Accrued liabilities10,4579,66810,45617,1259,68815,800
Deferred revenue     2,383 
Other liabilities3,2864,4954,5065,2615,30615,881
Other undisclosed current liabilities3,4101,7831,8361,7682,168(12,573)
Total current liabilities:46,88847,41745,63853,29147,24574,359
Noncurrent Liabilities
Long-term debt and lease obligation     3,811
Long-term debt, excluding current maturities      
Liabilities, other than long-term debt12,98513,02913,68217,59218,12616,787
Other liabilities10,0889,86210,01113,59614,03516,787
Operating lease, liability2,8973,1673,6713,9964,0913,811
Other undisclosed noncurrent liabilities16,02020,16020,12323,60823,12128,036
Total noncurrent liabilities:29,00533,18933,80541,20041,24748,634
Total liabilities:75,89380,60679,44394,49188,492122,993
Equity
Equity, attributable to parent344,598353,692364,292393,353428,153413,215
Common stock569566564564564562
Treasury stock, value(213,454)(204,645)(199,248)(173,441)(161,422)(152,161)
Additional paid in capital273,256271,419269,297267,187266,058264,510
Accumulated other comprehensive loss(14,657)(18,572)(16,410)(14,993)(12,553)(32,231)
Retained earnings298,884304,924310,089314,036335,506332,535
Total equity:344,598353,692364,292393,353428,153413,215
TOTAL LIABILITIES AND EQUITY:420,491434,298443,735487,844516,645536,208

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

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Revenues50,82261,24560,97957,00560,99071,199
Cost of revenue
(Cost of Goods and Services Sold)
(39,295)(46,764)(47,441)(44,911)(44,892)(53,974)
Gross profit:11,52714,48113,53812,09416,09817,225
Operating expenses(27,462)(23,716)(24,194)(33,912)(26,215)(27,233)
Operating loss:(15,935)(9,235)(10,656)(21,818)(10,117)(10,008)
Nonoperating income (expense)7,718(114)3,932(3,465)13,890(10,851)
Investment income, nonoperating2,5192,3822,692   
Gain (loss), foreign currency transaction, before tax5,241(2,583)1,237(3,430)17,492(12,809)
Other nonoperating income (expense)(42)873(35)(3,602)1,958
Interest and debt expense    (7)(3)(2)
Other undisclosed loss from continuing operations before equity method investments, income taxes (31)     
Income (loss) from continuing operations before equity method investments, income taxes:(8,248)(9,349)(6,724)(25,290)3,770(20,861)
Other undisclosed income (loss) from continuing operations before income taxes(152)(189)(200)2,5935,714(276)
Income (loss) from continuing operations before income taxes:(8,400)(9,538)(6,924)(22,697)9,484(21,137)
Income tax expense (benefit)2,3604,3732,9771,227(6,513)3,942
Income (loss) from continuing operations:(6,040)(5,165)(3,947)(21,470)2,971(17,195)
Loss before gain (loss) on sale of properties:(17,195)
Net income (loss) available to common stockholders, diluted:(6,040)(5,165)(3,947)(21,470)2,971(17,195)

Comprehensive Income ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net income (loss):(6,040)(5,165)(3,947)(21,470)2,971(17,195)
Comprehensive income (loss):(6,040)(5,165)(3,947)(21,470)2,971(17,195)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent3,915(2,162)(1,417)(2,440)19,678(14,911)
Comprehensive income (loss), net of tax, attributable to parent:(2,125)(7,327)(5,364)(23,910)22,649(32,106)

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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