DLB FY 2016 Earnings Report — Dolby Laboratories, Inc. Revenue & Financial Results | Market Cap Arena

Dolby Laboratories, Inc.DLB

FY 2016 Earnings

Reported November 18, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$1.0B	—	—	—	—
Op. Income	$233M	—	—	—	—
Gross Margin	89.4%	—	—	—	—
Net Margin	18.1%	—	—	—	—
EPS (Diluted)	$1.81	—	—	—	—
Free Cash Flow	$138M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$1.0B
Cost of Revenue	$109M
GROSS PROFIT	$917M
R&D Expenses	$220M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$464M
Other Expenses	$0
Operating Expenses	$684M
Cost & Expenses	$793M
OPERATING INCOME	$233M
Interest Income	$6M
Interest Expense	$0
Other Income/Expenses	$3M
INCOME BEFORE TAX	$236M
Income Tax Expense	$50M
Net Income from Continuing Ops	$186M
Net Income from Discontinued Ops	$0
NET INCOME	$186M
BOTTOM LINE NET INCOME	$186M
D&A	$85M
EBIT	$236M
EBITDA	$321M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.0B
Cost of Revenue	$109M
GROSS PROFIT	$917M
R&D Expenses	$220M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$464M
Other Expenses	$0
Operating Expenses	$684M
Cost & Expenses	$793M
OPERATING INCOME	$233M
Interest Income	$6M
Interest Expense	$0
Other Income/Expenses	$3M
INCOME BEFORE TAX	$236M
Income Tax Expense	$50M
Net Income from Continuing Ops	$186M
Net Income from Discontinued Ops	$0
NET INCOME	$186M
BOTTOM LINE NET INCOME	$186M
D&A	$85M
EBIT	$236M
EBITDA	$321M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$186M
Depreciation & Amortization	$85M
Stock-Based Compensation	$67M
Deferred Income Tax	-$23M
Other Non-Cash Items	$7M
Change in Working Capital	$38M
OPERATING CASH FLOW	$360M
Capital Expenditure	-$222M
Acquisitions (Net)	$0
Purchases of Investments	-$426M
Sales/Maturities of Investments	$366M
Other Investing Activities	-$122M
NET CASH FROM INVESTING	-$282M
Common Stock Repurchased	-$114M
Common Dividends Paid	-$48M
Other Financing Activities	-$214.0K
NET CASH FROM FINANCING	-$92M
FREE CASH FLOW	$138M
Net Change in Cash	-$16M

Balance Sheet

Item	Amount
Cash & Equivalents	$520M
Short-Term Investments	$122M
Net Receivables	$77M
Inventory	$16M
Other Current Assets	$12M
TOTAL CURRENT ASSETS	$760M
PP&E (Net)	$444M
Goodwill	$310M
Intangible Assets	$215M
Long-Term Investments	$394M
Tax Assets	$173M
Other Non-Current Assets	$21M
TOTAL NON-CURRENT ASSETS	$1.6B
TOTAL ASSETS	$2.3B
Account Payables	$18M
Short-Term Debt	$0
Deferred Revenue	$24M
Other Current Liabilities	$98M
TOTAL CURRENT LIABILITIES	$213M
Long-Term Debt	$0
Deferred Revenue NC	$35M
Deferred Tax Liabilities	$6M
Other Non-Current Liabilities	$83M
TOTAL NON-CURRENT LIABILITIES	$125M
TOTAL LIABILITIES	$338M
Common Stock	$101.0K
Additional Paid-In Capital	$0
Retained Earnings	$1.9B
Accum. Other Comp. Income	-$10M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.0B
Minority Interest	$8M
TOTAL EQUITY	$2.0B
TOTAL LIABILITIES & EQUITY	$2.3B
Total Debt	$0
Net Debt	-$520M