DIOD FY 2008 Earnings Report — Diodes Incorporated Revenue & Financial Results | Market Cap Arena

Diodes IncorporatedDIOD

FY 2008 Earnings

Reported February 26, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$433M	—	$401M	—	7.9%
Op. Income	$27M	—	$60M	—	-55.9%
Gross Margin	30.6%	—	32.5%	—	-1.9pp
Net Margin	9.0%	—	14.9%	—	-5.9pp
EPS (Diluted)	$0.91	—	$1.41	—	-35.5%
Free Cash Flow	$4M	—	$35M	—	-88.7%

Revenue Flow

Item	Amount
REVENUE	$433M
Cost of Revenue	$300M
GROSS PROFIT	$133M
R&D Expenses	$30M
Selling & Marketing	$501.0K
General & Administrative	$68M
SG&A Expenses	$69M
Other Expenses	$4M
Operating Expenses	$102M
Cost & Expenses	$402M
OPERATING INCOME	$27M
Interest Income	$12M
Interest Expense	$9M
Other Income/Expenses	$19M
INCOME BEFORE TAX	$46M
Income Tax Expense	$5M
Net Income from Continuing Ops	$41M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$39M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$39M
D&A	$3M
EBIT	$37M
EBITDA	$45M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$433M
Cost of Revenue	$300M
GROSS PROFIT	$133M
R&D Expenses	$30M
Selling & Marketing	$501.0K
General & Administrative	$68M
SG&A Expenses	$69M
Other Expenses	$4M
Operating Expenses	$102M
Cost & Expenses	$402M
OPERATING INCOME	$27M
Interest Income	$12M
Interest Expense	$9M
Other Income/Expenses	$19M
INCOME BEFORE TAX	$46M
Income Tax Expense	$5M
Net Income from Continuing Ops	$41M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$39M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$39M
D&A	$3M
EBIT	$37M
EBITDA	$45M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$39M
Depreciation & Amortization	$42M
Stock-Based Compensation	$10M
Deferred Income Tax	$0
Other Non-Cash Items	-$11M
Change in Working Capital	-$22M
OPERATING CASH FLOW	$57M
Capital Expenditure	-$53M
Acquisitions (Net)	-$153M
Purchases of Investments	-$4M
Sales/Maturities of Investments	$7M
Other Investing Activities	$56.0K
NET CASH FROM INVESTING	-$204M
Net Debt Issuance	$139M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$55M
NET CASH FROM FINANCING	$197M
FREE CASH FLOW	$4M
Net Change in Cash	$47M

Balance Sheet

Item	Amount
Cash & Equivalents	$103M
Short-Term Investments	$0
Net Receivables	$75M
Inventory	$99M
Other Current Assets	$4M
TOTAL CURRENT ASSETS	$297M
PP&E (Net)	$175M
Goodwill	$57M
Intangible Assets	$36M
Long-Term Investments	$321M
Tax Assets	$3M
Other Non-Current Assets	$7M
TOTAL NON-CURRENT ASSETS	$597M
TOTAL ASSETS	$894M
Account Payables	$38M
Short-Term Debt	$7M
Deferred Revenue	$0
Other Current Liabilities	$10M
TOTAL CURRENT LIABILITIES	$87M
Long-Term Debt	$401M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$23M
TOTAL NON-CURRENT LIABILITIES	$425M
TOTAL LIABILITIES	$512M
Common Stock	$28M
Additional Paid-In Capital	$134M
Retained Earnings	$259M
Treasury Stock	$0
Accum. Other Comp. Income	-$48M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$372M
Minority Interest	$9M
TOTAL EQUITY	$382M
TOTAL LIABILITIES & EQUITY	$894M
Total Debt	$410M
Net Debt	$307M