3Ware 1999 Annual Report Download - page 15

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CONDENSED CONSOLIDATED BALANCE SHEETS
March 31,
(in thousands) 1995 1996 1997 1998 1999
Assets
Current assets:
Cash, cash equivalents and short-term investments $ 7,114 $ 8,818 $13,597 $ 67,896 $ 86,540
Accounts receivable, net 8,882 9,476 8,418 12,179 19,275
Inventories 8,724 6,836 7,530 8,185 9,813
Other current assets 893 724 698 6,266 9,392
Total current assets 25,613 25,854 30,243 94,526 125,020
Property and equipment, net 14,567 11,929 10,768 17,218 23,128
Other assets — 53 803 1,090 2,507
Total assets $40,180 $37,836 $41,814 $112,834 $150,655
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable $ 2,128 $ 3,981 $ 2,428 $ 5,215 $ 5,131
Other current liabilities 2,789 4,252 5,789 9,274 13,335
Current portion of long-term debt and
capital lease obligations 3,943 3,644 2,662 2,620 2,937
Total current liabilities 8,860 11,877 10,879 17,109 21,403
Long-term debt and capital lease obligations, less
current portion 6,515 4,447 3,192 4,091 7,558
Stockholders’ equity 24,805 21,512 27,743 91,634 121,694
Total liabilities and stockholders’ equity $40,180 $37,836 $41,814 $112,834 $150,655
OTHER FINANCIAL INFORMATION
March 31,
(in thousands, except employee data) 1995 1996 1997 1998 1999
Working capital $16,753 $13,977 $19,364 $ 77,417 $103,617
Total long-term debt and capital lease obligations 10,458 8,091 5,854 6,711 10,495
Total long-term debt and capital lease obligations to
equity ratio 42% 38% 21% 7% 9%
Additions to property, equipment and other assets $ 6,204 $ 2,627 $ 4,055 $ 11,624 $ 16,490
% of revenues 13% 5% 7% 15% 16%
Depreciation and amortization $ 5,092 $ 5,311 $ 5,185 $ 5,174 $ 7,045
% of revenues 11% 11% 9% 7% 7%
Number of employees at end of year 252 251 256 320 361
SELECTED CONSOLIDATED FINANCIAL DATA
13
1999
AMCC