Balance Sheet

Current Liabilities	87.5m
Accounts Payable	15.4m
Other Current Liabilities	72.1m
Non-Current Liabilities	8.1m
Long-Term Debt	1.9m
Other Non-Current Liabilities	6.2m

Currency: USD

	Dec-2013	Dec-2014	Dec-2015	Dec-2016	Dec-2017	Dec-2018	Dec-2019	Dec-2020	Dec-2021	Dec-2022
Assets
Cash & Cash Equivalents	37	12	8	20	3	12	14	8	5	6
Cash	0	2	2	9	2	5	3	8	5	6
Cash Equivalents	37	10	6	11	1	8	12	0	0	0
Short-Term Investments	0	0	0	0	0	0	0	11	0	5
Total Receivables	14	12	20	18	25	20	15	26	28	19
Accounts Receivables	6	8	17	15	21	16	10	18	14	9
Other Receivables	9	4	3	2	4	4	5	8	13	10
Inventory	7	9	4	9	7	8	7	6	6	9
Other Current Assets	3	3	3	3	4	3	1	1	2	1
Total Current Assets	61	36	36	50	40	43	37	52	41	40
PP&E Net	7	9	7	7	7	6	9	9	8	9
PP&E Gross	0	9	7	7	7	6	9	9	8	9
Accumulated Depreciation	0	20	24	26	24	27	31	31	33	37
Intangible Assets	5	3	5	8	10	12	17	25	38	49
Note Receivable	1	0	0	0	0	0	0	1	2	1
Long-Term Investments	1	1	0	0	0	0	0	0	0	0
Total Assets	74 N/A	49 -33%	49 -1%	65 +33%	57 -12%	63 +10%	63 +1%	87 +38%	90 +3%	99 +10%
Liabilities
Accounts Payable	7	11	10	18	13	9	9	16	14	9
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Current Portion of Long-Term Debt	0	2	7	8	7	11	19	25	17	13
Other Current Liabilities	6	6	15	5	8	7	10	22	18	14
Total Current Liabilities	13	19	31	32	28	27	38	63	49	37
Long-Term Debt	0	0	9	16	17	32	34	45	50	49
Deferred Income Tax	0	0	0	0	0	1	0	0	0	0
Other Liabilities	1	5	10	8	8	8	20	16	15	11
Total Liabilities	15 N/A	24 +66%	50 +106%	56 +12%	53 -6%	68 +28%	93 +37%	124 +34%	114 -8%	97 -15%
Equity
Common Stock	2	2	2	2	2	2	2	3	4	2
Retained Earnings	109	141	168	181	202	232	265	317	326	2
Additional Paid In Capital	166	166	166	189	205	226	234	277	298	2
Other Equity	0	1	1	1	0	1	0	0	0	0
Total Equity	59 N/A	25 -57%	1 N/A	9 N/A	4 -54%	5 N/A	29 -484%	37 -26%	24 +34%	2 N/A
Total Liabilities & Equity	74 N/A	49 -33%	49 -1%	65 +33%	57 -12%	63 +10%	63 +1%	87 +38%	90 +3%	99 +10%
Shares Outstanding
Common Shares Outstanding	59	59	59	75	80	95	96	134	151	193

Sequans Communications SA
NYSE:SQNS