And the rest of the information...
Note significant inventory increase in preparation for equipment rollout.
That "cash burning" went to equipment ramp-up.
It's the same $14M moved from the cash portion to stock/inventory for sales.
This is called building to book, followed by equipment delivery.
Note A/R.
That is money back into the bank at the end of the day.
WESTELL TECHNOLOGIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
ASSETS
March 31, June 30,
2000 2000
---------------- ----------------
(unaudited)
(in thousands)
Current assets:
Cash and cash equivalents........................................... $27,258 $12,959
Short term investments.............................................. 1,951 -
Accounts receivable (net of allowance of $855,000 and $1,311,000,
respectively)....................................................... 42,025 79,878
Inventories......................................................... 30,741 43,398
Prepaid expenses and other current assets........................... 2,200 2,597
Refundable income taxes............................................. 6,222 6,222
Deferred income tax asset........................................... 3,319 3,319
Land and building held for sale..................................... 3,309 3,309
---------------- ----------------
Total current assets............................................ 117,025 151,682
---------------- ----------------
Property and equipment:
Machinery and equipment............................................. 34,686 36,290
Office, computer and research equipment............................. 18,682 24,479
Leasehold improvements.............................................. 3,436 2,444
---------------- ----------------
56,804 63,213
Less accumulated depreciation and amortization...................... 30,435 32,455
---------------- ----------------
Property and equipment, net........................................ 26,369 30,758
---------------- ----------------
Goodwill and intangibles, net......................................... 175,482 167,245
Deferred income tax asset and other assets............................ 23,694 22,618
---------------- ----------------
Total assets.................................................... $ 342,570 $372,303
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