Roy, here is the balance sheet you asked for. Enjoy. Sorry
about the format.
By the way, take a look at the account receivables. I am the only
one bothered by the fact that receivables are now at 103% of total
revenues? Let us hope there is no write-offs coming.
Nevertheless, the Intel deal is definitely a BIG plus.
-Lucas
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MRV COMMUNICATIONS, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except share data)
(unaudited) (audited)
September December 31,
1996 1995
ASSETS
CURRENT ASSETS:
Cash $ 6,176 $ 1,951
Short-term investments 11,700 1,000
Restricted cash 5,070 6,272
Accounts receivable, net of
reserves of $1,647 in 1996 and $400 in 1995 23,344 10,780
Inventories 17,327 8,382
Deferred income taxes 918 804
Other current assets 2,523 83
Total current assets 67,058 29,272
PROPERTY AND EQUIPMENT - At cost,
net of depreciation and amortization 6,399 2,060
OTHER ASSETS:
Goodwill 2,882 525
Deferred income taxes 8,917 925
Other 17 525
$ 85,273 $ 33,307 |
