MagnaChip Semiconductor Corporation (MX) financial statements (2021 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 millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1521321298391102154
Cash and cash equivalents1521321298391102154
Restricted cash and investments   18  0
Receivables1231229668958485
Inventory, net of allowances, customer advances and progress billings73727357587575
Inventory73727357587575
Prepaid expense121198789
Derivative instruments and hedges, assets106836  
Deferred tax assets  0001
Other current assets9101553710
Other undisclosed current assets     (0)(0)
Total current assets:379353330243260276334
Noncurrent Assets
Operating lease, right-of-use asset11
Property, plant and equipment183202206180192224254
Intangible assets, net (including goodwill), including:4443323
Intangible assets, net (excluding goodwill)44433(54)(54)
Other undisclosed intangible assets, net (including goodwill)     5657
Prepaid expense9161310121116
Other noncurrent assets9967111416
Deferred tax assets, net 00001
Total noncurrent assets:216230229199218252291
TOTAL ASSETS:595583559442478528625
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities126117128124143214198
Accounts payable71717664667175
Accrued liabilities55465260778165
Employee-related liabilities     1920
Taxes payable     2724
Interest and dividends payable     77
Settlement liabilities     96
Deferred revenue1
Debt2      
Deferred revenue and credits81110  
Deferred tax liabilities  000 
Other liabilities4922566
Other undisclosed current liabilities 6 178(51)(41)
Total current liabilities:134133138153167169162
Noncurrent Liabilities
Long-term debt and lease obligation314304303221224224224
Long-term debt, excluding current maturities305304303221224224224
Operating lease, liability9
Liabilities, other than long-term debt, including:1618810151423
Deferred tax liabilities, net0 000 
Liability for uncertainty in income taxes  1    
Other liabilities     1423
Other undisclosed liabilities, other than long-term debt161871015  
Other undisclosed noncurrent liabilities147146149129134139134
Total noncurrent liabilities:476468460361374377382
Total liabilities:610601598514540546544
Stockholders' equity
Stockholders' equity attributable to parent(15)(17)(40)(72)(62)(19)82
Common stock0000000
Treasury stock, value(107)(104)(102)(91)(91)(91)(91)
Additional paid in capital152143136130125118116
Accumulated other comprehensive income (loss)(3)(20)(33)14(0)(35)(50)
Retained earnings (accumulated deficit)(58)(36)(41)(126)(96)(11)106
Total stockholders' equity:(15)(17)(40)(72)(62)(19)82
TOTAL LIABILITIES AND EQUITY:595583559442478528625

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues792751680688634698734
Cost of revenue(612)(553)(492)(532)(499)(545)(579)
Cost of goods and services sold(612)(553)(3)(11)(29)(24)(3)
Gross profit:181198188156135153155
Operating expenses(156)(151)(149)(153)(178)(230)(189)
Other undisclosed operating income      7
Operating income (loss):2447393(43)(77)(27)
Nonoperating income (expense)(19)(24)68(12)(41)(22)(33)
Foreign currency transaction gain (loss), before tax(22)(24)66(15)(43)(25)17
Other nonoperating income3033223
Interest and debt expense(0)(0)    (33)
Other undisclosed income from continuing operations before equity method investments, income taxes      33
Income (loss) from continuing operations before equity method investments, income taxes:623108(10)(84)(99)(60)
Other undisclosed loss from continuing operations before income taxes(23)(22)(22)(16)(16)(16) 
Income (loss) from continuing operations before income taxes:(17)186(26)(100)(116)(60)
Income tax expense (benefit)(5)(5)(1)(4)15(2)(4)
Net income (loss) attributable to parent:(22)(4)85(30)(85)(117)(64)
Other undisclosed net income available to common stockholders, basic  5    
Net income (loss) available to common stockholders, basic:(22)(4)90(30)(85)(117)(64)
Interest on convertible debt  5    
Net income (loss) available to common stockholders, diluted:(22)(4)96(30)(85)(117)(64)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(22)(4)85(30)(85)(117)(64)
Other comprehensive income (loss)     15(9)
Comprehensive income (loss):(22)(4)85(30)(85)(102)(73)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1713(47)1435  
Comprehensive income (loss), net of tax, attributable to parent:(4)938(15)(50)(102)(73)

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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