International Rectifier Corporation and Subsidiaries
Consolidated Balance Sheet
(In thousands) |
| Q1 FY99 |
|
September 30,
1998
(Unaudited) |
|
June 30,
1998 |
| Assets |
|
|
|
|
| Current assets: |
|
|
|
|
| Cash and cash equivalents |
$ |
31,876 |
$ |
32,294 |
| Short-term investments |
|
- |
|
13,232 |
| Trade accounts receivable, net |
|
121,663 |
|
129,738 |
| Inventories |
|
129,058 |
|
130,653 |
| Deferred income taxes |
|
8,080 |
|
8,080 |
| Prepaid expenses |
|
3,967 |
|
3,253 |
| Total current assets |
|
294,644 |
|
317,250 |
| Property, plant, and equipment, net |
|
410,561 |
|
390,892 |
| Other assets |
|
22,409 |
|
27,685 |
| Total assets |
$ |
727,614 |
$ |
735,827 |
| Liabilities and Stockholders' Equity |
|
|
|
|
| Current liabilities: |
|
|
|
|
| Bank loans |
$ |
14,243 |
$ |
28,153 |
| Long-term debt, due within one year |
|
38,928 |
|
37,226 |
| Accounts payable |
|
44,207 |
|
46,637 |
| Accrued salaries, wages, and commissions |
|
15,713 |
|
15,875 |
| Other accrued expenses |
|
23,530 |
|
26,042 |
| Total current liabilities |
|
136,621 |
|
153,933 |
| Long-term debt, less current maturities |
|
159,902 |
|
141,528 |
| Other long-term liabilities |
|
16,123 |
|
29,352 |
| Deferred income taxes |
|
12,081 |
|
11,364 |
| Stockholders' equity: |
|
|
|
|
| Common stock |
|
51,528 |
|
51,351 |
| Capital contributed in excess of par value |
|
256,191 |
|
255,195 |
| Retained earnings |
|
98,680 |
|
98,646 |
| Accumulated other comprehensive income |
|
(3,512) |
|
(5,542) |
| Total stockholders' equity |
|
402,887 |
|
399,650 |
| Total liabilities and stockholders' equity |
$ |
727,614 |
$ |
735,827 |
|
|
