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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2801521321298391102
Cash and cash equivalents2801521321298391102
Restricted cash and investments    18  
Receivables6912312296689584
Inventory, net of allowances, customer advances and progress billings39737273575875
Inventory39737273575875
Prepaid expense712119878
Derivative instruments and hedges, assets5106836 
Deferred tax assets  000
Other current assets991015537
Other undisclosed current assets      (0)
Total current assets:410379353330243260276
Noncurrent Assets
Operating lease, right-of-use asset511
Property, plant and equipment96183202206180192224
Intangible assets, net (including goodwill), including:3444332
Intangible assets, net (excluding goodwill)344433(54)
Other undisclosed intangible assets, net (including goodwill)      56
Prepaid expense491613101211
Deferred income tax assets45 
Other noncurrent assets1099671114
Deferred tax assets, net 0000
Total noncurrent assets:162216230229199218252
TOTAL ASSETS:572595583559442478528
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities71126117128124143214
Accounts payable55717176646671
Accrued liabilities16554652607781
Employee-related liabilities      19
Taxes payable      27
Interest and dividends payable      7
Settlement liabilities      9
Deferred revenue 1
Debt832     
Deferred revenue and credits81110 
Deferred tax liabilities  000
Other liabilities5492256
Other undisclosed current liabilities15 6 178(51)
Total current liabilities:174134133138153167169
Noncurrent Liabilities
Long-term debt and lease obligation2314304303221224224
Long-term debt, excluding current maturities 305304303221224224
Operating lease, liability29
Liabilities, other than long-term debt, including:1016188101514
Deferred tax liabilities, net0 000
Liability for uncertainty in income taxes   1   
Other liabilities10     14
Other undisclosed liabilities, other than long-term debt 161871015 
Other undisclosed noncurrent liabilities40147146149129134139
Total noncurrent liabilities:52476468460361374377
Total liabilities:226610601598514540546
Stockholders' equity
Stockholders' equity attributable to parent346(15)(17)(40)(72)(62)(19)
Common stock0000000
Treasury stock, value(108)(107)(104)(102)(91)(91)(91)
Additional paid in capital163152143136130125118
Accumulated other comprehensive income (loss)4(3)(20)(33)14(0)(35)
Retained earnings (accumulated deficit)287(58)(36)(41)(126)(96)(11)
Total stockholders' equity:346(15)(17)(40)(72)(62)(19)
TOTAL LIABILITIES AND EQUITY:572595583559442478528

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues507792751680688634698
Cost of revenue(379)(612)(553)(492)(532)(499)(545)
Cost of goods and services sold(379)(612)(553)(3)(11)(29)(24)
Gross profit:128181198188156135153
Operating expenses(101)(156)(151)(149)(153)(178)(230)
Operating income (loss):272447393(43)(77)
Nonoperating income (expense)3(19)(24)68(12)(41)(22)
Foreign currency transaction gain (loss), before tax(0)(22)(24)66(15)(43)(25)
Other nonoperating income3303322
Interest and debt expense(1)(0)(0)    
Income (loss) from continuing operations before equity method investments, income taxes:29623108(10)(84)(99)
Other undisclosed loss from continuing operations before income taxes(18)(23)(22)(22)(16)(16)(16)
Income (loss) from continuing operations before income taxes:11(17)186(26)(100)(116)
Income tax expense (benefit)46(5)(5)(1)(4)15(2)
Income (loss) from continuing operations:57(22)(4)85(30)(85)(117)
Income from discontinued operations288      
Net income (loss) attributable to parent:345(22)(4)85(30)(85)(117)
Other undisclosed net income available to common stockholders, basic   5   
Net income (loss) available to common stockholders, basic:345(22)(4)90(30)(85)(117)
Interest on convertible debt   5   
Other undisclosed net income available to common stockholders, diluted6      
Net income (loss) available to common stockholders, diluted:351(22)(4)96(30)(85)(117)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):345(22)(4)85(30)(85)(117)
Other comprehensive income      15
Comprehensive income (loss):345(22)(4)85(30)(85)(102)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent61713(47)1435 
Comprehensive income (loss), net of tax, attributable to parent:351(4)938(15)(50)(102)

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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