Universal Display (OLED) quarterly balance sheet covering the six quarters from June 2022 to September 2023, as reported to the SEC.
A balance sheet shows what a company owns and what it owes on a single date. The difference between the two belongs to shareholders.
| Sep'23 | Jun'23 | Mar'23 | Dec'22 | Sep'22 | Jun'22 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASSETS | |||||||||||||||||||||
CURRENT ASSETS: | |||||||||||||||||||||
Cash and cash equivalents | |||||||||||||||||||||
79,323 | 93,470 | 158,294 | 93,430 | 187,750 | 213,896 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Cash and cash equivalents | 79,323 | 93,470 | 158,294 | 93,430 | 187,750 | 213,896 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Short-term investments | |||||||||||||||||||||
412,350 | 465,679 | 487,812 | 484,345 | 501,051 | 439,449 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Short-term investments | 412,350 | 465,679 | 487,812 | 484,345 | 501,051 | 439,449 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Accounts receivable | |||||||||||||||||||||
122,192 | 109,390 | 92,677 | 92,664 | 78,193 | 74,933 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Accounts receivable | 122,192 | 109,390 | 92,677 | 92,664 | 78,193 | 74,933 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Inventory | |||||||||||||||||||||
181,406 | 175,855 | 174,245 | 183,220 | 180,194 | 165,635 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Inventory | 181,406 | 175,855 | 174,245 | 183,220 | 180,194 | 165,635 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Deferred income taxes | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Deferred income taxes | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other current assets | |||||||||||||||||||||
83,444 | 33,753 | 37,193 | 45,791 | 30,005 | 38,244 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other current assets | 83,444 | 33,753 | 37,193 | 45,791 | 30,005 | 38,244 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total current assets | |||||||||||||||||||||
878,715 | 878,147 | 950,221 | 899,450 | 977,193 | 932,157 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total current assets | 878,715 | 878,147 | 950,221 | 899,450 | 977,193 | 932,157 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
PROPERTY AND EQUIPMENT, net of accumulated depreciation of $137,020 and $117,118 | |||||||||||||||||||||
174,638 | 157,566 | 145,281 | 143,445 | 137,713 | 138,028 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
PROPERTY AND EQUIPMENT, net of accumulated depreciation of $137,020 and $117,118 | 174,638 | 157,566 | 145,281 | 143,445 | 137,713 | 138,028 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
ACQUIRED TECHNOLOGY, net of accumulated amortization of $182,657 and $189,671 | |||||||||||||||||||||
94,518 | 98,216 | 35,843 | 38,382 | 40,921 | 39,375 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
ACQUIRED TECHNOLOGY, net of accumulated amortization of $182,657 and $189,671 | 94,518 | 98,216 | 35,843 | 38,382 | 40,921 | 39,375 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
OTHER INTANGIBLE ASSETS, net of accumulated amortization of $10,055 and $8,989 | |||||||||||||||||||||
7,233 | 7,592 | 7,947 | 8,247 | 8,657 | 9,015 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
OTHER INTANGIBLE ASSETS, net of accumulated amortization of $10,055 and $8,989 | 7,233 | 7,592 | 7,947 | 8,247 | 8,657 | 9,015 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
GOODWILL | |||||||||||||||||||||
15,535 | 15,535 | 15,535 | 15,535 | 15,535 | 15,535 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
GOODWILL | 15,535 | 15,535 | 15,535 | 15,535 | 15,535 | 15,535 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
INVESTMENTS | |||||||||||||||||||||
301,193 | 211,361 | 213,369 | 259,861 | 173,871 | 200,142 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
INVESTMENTS | 301,193 | 211,361 | 213,369 | 259,861 | 173,871 | 200,142 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
DEFERRED INCOME TAXES | |||||||||||||||||||||
49,637 | 70,364 | 63,292 | 58,161 | 43,005 | 36,998 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
DEFERRED INCOME TAXES | 49,637 | 70,364 | 63,292 | 58,161 | 43,005 | 36,998 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
OTHER ASSETS | |||||||||||||||||||||
101,447 | 102,074 | 104,224 | 109,739 | 133,428 | 128,188 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
OTHER ASSETS | 101,447 | 102,074 | 104,224 | 109,739 | 133,428 | 128,188 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
TOTAL ASSETS | |||||||||||||||||||||
1,622,916 | 1,540,855 | 1,535,712 | 1,532,820 | 1,530,323 | 1,499,438 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
TOTAL ASSETS | 1,622,916 | 1,540,855 | 1,535,712 | 1,532,820 | 1,530,323 | 1,499,438 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
LIABILITIES AND SHAREHOLDERS’ EQUITY | |||||||||||||||||||||
CURRENT LIABILITIES: | |||||||||||||||||||||
Accounts payable | |||||||||||||||||||||
20,624 | 7,330 | 9,741 | 9,519 | 13,357 | 14,048 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Accounts payable | 20,624 | 7,330 | 9,741 | 9,519 | 13,357 | 14,048 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Accrued expenses | |||||||||||||||||||||
38,500 | 35,072 | 25,346 | 51,002 | 49,975 | 38,757 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Accrued expenses | 38,500 | 35,072 | 25,346 | 51,002 | 49,975 | 38,757 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Deferred revenue | |||||||||||||||||||||
66,828 | 29,732 | 37,419 | 45,599 | 67,254 | 99,106 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Deferred revenue | 66,828 | 29,732 | 37,419 | 45,599 | 67,254 | 99,106 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Stock warrant liability (Note 2) | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Stock warrant liability (Note 2) | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other current liabilities | |||||||||||||||||||||
5,391 | 8,598 | 42,451 | 29,577 | 7,613 | 3,302 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other current liabilities | 5,391 | 8,598 | 42,451 | 29,577 | 7,613 | 3,302 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total current liabilities | |||||||||||||||||||||
131,343 | 80,732 | 114,957 | 135,697 | 138,199 | 155,213 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total current liabilities | 131,343 | 80,732 | 114,957 | 135,697 | 138,199 | 155,213 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
DEFERRED REVENUE | |||||||||||||||||||||
8,859 | 18,410 | 17,843 | 18,279 | 26,761 | 30,021 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
DEFERRED REVENUE | 8,859 | 18,410 | 17,843 | 18,279 | 26,761 | 30,021 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
RETIREMENT PLAN BENEFIT LIABILITY | |||||||||||||||||||||
61,165 | 60,707 | 60,248 | 59,790 | 67,305 | 68,188 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
RETIREMENT PLAN BENEFIT LIABILITY | 61,165 | 60,707 | 60,248 | 59,790 | 67,305 | 68,188 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
OTHER LIABILITIES | |||||||||||||||||||||
39,183 | 42,240 | 43,199 | 43,685 | 86,233 | 80,707 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
OTHER LIABILITIES | 39,183 | 42,240 | 43,199 | 43,685 | 86,233 | 80,707 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total liabilities | |||||||||||||||||||||
240,550 | 202,089 | 236,247 | 257,451 | 318,498 | 334,129 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total liabilities | 240,550 | 202,089 | 236,247 | 257,451 | 318,498 | 334,129 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
COMMITMENTS AND CONTINGENCIES (Note 18) | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
COMMITMENTS AND CONTINGENCIES (Note 18) | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
SHAREHOLDERS' EQUITY: | |||||||||||||||||||||
Preferred Stock, par value $0.01 per share, 5,000,000 shares authorized, 200,000 shares of Series A Nonconvertible Preferred Stock issued and outstanding(liquidation value of $7.50 per share or $1,500) | |||||||||||||||||||||
2 | 2 | 2 | 2 | 2 | 2 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Preferred Stock, par value $0.01 per share, 5,000,000 shares authorized, 200,000 shares of Series A Nonconvertible Preferred Stock issued and outstanding(liquidation value of $7.50 per share or $1,500) | 2 | 2 | 2 | 2 | 2 | 2 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Common Stock, par value $0.01 per share, 200,000,000 shares authorized, 48,720,530 and 49,136,030 shares issued, and 47,354,882 and 47,770,382 shares outstanding, at September 30, 2023 and December 31, 2022, respectively | |||||||||||||||||||||
487 | 487 | 487 | 491 | 491 | 491 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Common Stock, par value $0.01 per share, 200,000,000 shares authorized, 48,720,530 and 49,136,030 shares issued, and 47,354,882 and 47,770,382 shares outstanding, at September 30, 2023 and December 31, 2022, respectively | 487 | 487 | 487 | 491 | 491 | 491 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Additional paid-in capital | |||||||||||||||||||||
693,899 | 686,501 | 679,390 | 681,335 | 674,773 | 666,087 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Additional paid-in capital | 693,899 | 686,501 | 679,390 | 681,335 | 674,773 | 666,087 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Retained earnings | |||||||||||||||||||||
744,227 | 709,372 | 676,347 | 653,277 | 602,399 | 563,191 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Retained earnings | 744,227 | 709,372 | 676,347 | 653,277 | 602,399 | 563,191 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Accumulated other comprehensive loss | |||||||||||||||||||||
-14,965 | -16,312 | -15,477 | -18,452 | -24,556 | -23,178 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Accumulated other comprehensive loss | -14,965 | -16,312 | -15,477 | -18,452 | -24,556 | -23,178 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Treasury stock, at cost (1,365,648 shares at September 30, 2023 and December 31, 2022) | |||||||||||||||||||||
41,284 | 41,284 | 41,284 | 41,284 | 41,284 | 41,284 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Treasury stock, at cost (1,365,648 shares at September 30, 2023 and December 31, 2022) | 41,284 | 41,284 | 41,284 | 41,284 | 41,284 | 41,284 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total shareholders’ equity | |||||||||||||||||||||
1,382,366 | 1,338,766 | 1,299,465 | 1,275,369 | 1,211,825 | 1,165,309 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total shareholders’ equity | 1,382,366 | 1,338,766 | 1,299,465 | 1,275,369 | 1,211,825 | 1,165,309 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | |||||||||||||||||||||
1,622,916 | 1,540,855 | 1,535,712 | 1,532,820 | 1,530,323 | 1,499,438 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | 1,622,916 | 1,540,855 | 1,535,712 | 1,532,820 | 1,530,323 | 1,499,438 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||