COHU FY 2021 Earnings Report — Cohu, Inc. Revenue & Financial Results | Market Cap Arena

FY 2021 Earnings

Reported February 18, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$887M	—	$636M	—	39.5%
Op. Income	$202M	—	$3M	—	6081.5%
Gross Margin	43.6%	—	43.3%	—	0.2pp
Net Margin	18.9%	—	-2.2%	—	21.0pp
EPS (Diluted)	$3.45	—	$-0.33	—	1145.5%
Free Cash Flow	$86M	—	$31M	—	175.9%

Revenue Flow

Item	Amount
REVENUE	$887M
Cost of Revenue	$501M
GROSS PROFIT	$386M
R&D Expenses	$92M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$127M
Other Expenses	-$34M
Operating Expenses	$185M
Cost & Expenses	$686M
OPERATING INCOME	$202M
Interest Income	$239.0K
Interest Expense	$6M
Other Income/Expenses	-$9M
INCOME BEFORE TAX	$192M
Income Tax Expense	$25M
Net Income from Continuing Ops	$167M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$167M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$167M
D&A	$49M
EBIT	$132M
EBITDA	$181M
EPS	$4
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$887M
Cost of Revenue	$501M
GROSS PROFIT	$386M
R&D Expenses	$92M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$127M
Other Expenses	-$34M
Operating Expenses	$185M
Cost & Expenses	$686M
OPERATING INCOME	$202M
Interest Income	$239.0K
Interest Expense	$6M
Other Income/Expenses	-$9M
INCOME BEFORE TAX	$192M
Income Tax Expense	$25M
Net Income from Continuing Ops	$167M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$167M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$167M
D&A	$49M
EBIT	$132M
EBITDA	$181M
EPS	$4
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$167M
Depreciation & Amortization	$49M
Stock-Based Compensation	$14M
Deferred Income Tax	$953.0K
Other Non-Cash Items	-$61M
Change in Working Capital	-$72M
OPERATING CASH FLOW	$98M
Capital Expenditure	-$12M
Acquisitions (Net)	$121M
Purchases of Investments	-$205M
Sales/Maturities of Investments	$136M
Other Investing Activities	$157.0K
NET CASH FROM INVESTING	$40M
Net Debt Issuance	-$205M
Common Stock Repurchased	-$7M
Common Dividends Paid	$0
Other Financing Activities	-$4M
NET CASH FROM FINANCING	$7M
FREE CASH FLOW	$86M
Net Change in Cash	$141M

Balance Sheet

Item	Amount
Cash & Equivalents	$290M
Short-Term Investments	$90M
Net Receivables	$193M
Inventory	$161M
Other Current Assets	$768.0K
TOTAL CURRENT ASSETS	$751M
PP&E (Net)	$89M
Goodwill	$220M
Intangible Assets	$177M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$22M
TOTAL NON-CURRENT ASSETS	$508M
TOTAL ASSETS	$1.3B
Account Payables	$85M
Short-Term Debt	$19M
Deferred Revenue	$21M
Other Current Liabilities	$21M
TOTAL CURRENT LIABILITIES	$192M
Long-Term Debt	$103M
Deferred Revenue NC	$6M
Deferred Tax Liabilities	$26M
Other Non-Current Liabilities	$27M
TOTAL NON-CURRENT LIABILITIES	$184M
TOTAL LIABILITIES	$377M
Common Stock	$49M
Additional Paid-In Capital	$675M
Retained Earnings	$194M
Treasury Stock	-$7M
Accum. Other Comp. Income	-$27M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$883M
Minority Interest	$0
TOTAL EQUITY	$883M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$145M
Net Debt	-$145M