Qorvo, Inc. QRVO Balance Sheet

Qorvo, inc. (QRVO)

Balance Sheet / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Apr'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Mar'14
ASSETS
Current assets:
Cash and cash equivalents
714	1,097	586	629	711	649	557	334	926	841	574	512	545	495	469	433	425	851	169	325	299	118	171
Short-term investments (Note 5)
-	-	-	-	-	-	0	58	-	-	-	-	-	0	0	13	186	173	25	232	244	178	72
Accounts receivable, less allowance of $55 and $40 as of March 28, 2020 and March 30, 2019, respectively
367	409	405	326	378	420	491	360	345	448	459	373	357	421	491	400	316	296	438	408	353	215	137
Inventories
517	479	485	517	511	464	474	501	472	422	461	470	430	404	437	455	427	406	393	363	346	170	125
Prepaid expenses
37	27	27	31	25	23	26	24	23	28	33	36	36	38	58	68	63	59	55	53	52	31	12
Other receivables
15	16	14	16	21	21	38	53	44	44	50	41	65	82	78	69	47	31	27	24	25	34	13
Deferred tax assets (Notes 1 & 11)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	143	146	150	-	4
Other current assets
38	36	33	34	36	34	30	34	30	29	28	31	26	46	48	43	41	24	22	24	26	7	0
Common Stock, Par or Stated Value Per Share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common Stock, Shares, Issued
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total current assets
1,690	2,067	1,551	1,556	1,684	1,615	1,619	1,367	1,843	1,814	1,608	1,467	1,461	1,487	1,582	1,485	1,509	1,843	1,275	1,579	1,500	755	537
Land
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25	-	3
Building and leasehold improvements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	253	-	140
Machinery and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	919	-	547
Furniture and fixtures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12	-	10
Computer equipment and software
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	45	-	35
Property and equipment, gross, total
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,256	-	738
Less accumulated depreciation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	609	-	552
Property and equipment net, excluding construction in progress
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	647	-	185
Construction in progress
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	235	-	10
Property and equipment, net
1,259	1,278	1,296	1,309	1,366	1,397	1,401	1,368	1,374	1,417	1,443	1,440	1,391	1,335	1,240	1,160	1,046	1,012	972	940	883	228	195
Goodwill
2,614	2,415	2,305	2,300	2,173	2,173	2,173	2,173	2,173	2,173	2,173	2,173	2,173	2,173	2,174	2,174	2,135	2,135	2,135	2,136	2,140	103	103
Intangible assets, net
808	595	451	508	408	463	595	729	860	993	1,130	1,265	1,400	1,534	1,656	1,775	1,812	1,927	2,055	2,184	2,307	36	54
Long-term investments
22	40	97	97	97	90	90	79	63	62	66	36	35	34	34	26	26	29	28	4	4	2	3
Other non-current assets
165	120	146	153	76	65	64	63	65	65	56	59	58	58	63	65	66	62	64	64	57	39	24
Total assets
6,560	6,519	5,848	5,926	5,808	5,806	5,947	5,782	6,381	6,526	6,478	6,442	6,522	6,624	6,751	6,687	6,596	7,011	6,532	6,909	6,892	1,165	920
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable
246	239	213	224	233	229	229	219	213	192	212	215	216	287	323	263	205	188	204	206	182	130	79
Accrued liabilities
217	187	172	168	160	137	181	133	167	140	184	130	170	136	212	142	137	111	147	128	131	67	51
Current portion of long-term debt
6	5	4	1	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	87
Other current liabilities
67	59	59	57	41	47	51	50	60	52	26	16	31	123	21	14	30	0	3	0	10	21	1
Total current liabilities
539	491	449	452	435	413	462	403	441	384	423	361	418	548	557	420	373	300	355	335	325	219	219
Long-term Debt
1,567	1,568	1,016	1,018	920	714	735	558	983	1,088	989	989	989	988	988	988	988	987	75	-	-	-	-
Deferred Tax Liabilities, Net, Noncurrent
-	-	-	-	-	6	21	37	63	58	74	89	131	139	146	163	152	143	303	309	310	-	0
Other long-term liabilities
161	120	117	118	91	93	95	105	118	173	86	89	86	85	82	82	83	85	86	86	83	50	23
Total liabilities
2,268	2,180	1,583	1,589	1,448	1,228	1,314	1,104	1,605	1,705	1,573	1,530	1,625	1,761	1,775	1,654	1,597	1,517	819	731	719	270	243
Commitments and contingent liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-
EQUITY
Stockholders’ equity:
Preferred stock, $.0001 par value; 5,000 shares authorized; no shares issued and outstanding
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Common stock and additional paid-in capital, $.0001 par value; 405,000 shares authorized; 114,625 and 119,063 shares issued and outstanding at March 28, 2020 and March 30, 2019, respectively
4,290	4,383	4,471	4,625	4,687	4,966	5,089	5,167	5,237	5,270	5,321	5,365	5,357	5,378	5,413	5,483	5,442	5,911	6,117	6,588	6,584	1,311	1,284
Additional paid-in capital
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Due from stockholder
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accumulated other comprehensive income (loss), net of tax
2	-6	-7	-6	-6	-6	-5	-4	-2	-3	-3	-3	-4	-3	-3	-4	-3	-1	-1	-1	-0	1	-0
Accumulated deficit
0	-37	-198	-281	-321	-382	-452	-484	-458	-446	-413	-449	-456	-512	-433	-445	-439	-415	-404	-408	-410	-417	-607
Total stockholders’ equity
4,292	4,339	4,265	4,337	4,359	4,577	4,632	4,678	4,775	4,821	4,904	4,912	4,896	4,863	4,976	5,033	4,999	5,494	5,712	6,178	6,173	895	676
Total liabilities and stockholders’ equity
6,560	6,519	5,848	5,926	5,808	5,806	5,947	5,782	6,381	6,526	6,478	6,442	6,522	6,624	6,751	6,687	6,596	7,011	6,532	6,909	6,892	1,165	920
Common Stock, Shares, Outstanding
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-