KLIC FY 2011 Earnings Report — Kulicke and Soffa Industries, Inc. Revenue & Financial Results | Market Cap Arena

Kulicke and Soffa Industries, Inc.KLIC

FY 2011 Earnings

Reported December 8, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$830M	—	$763M	—	8.9%
Op. Income	$170M	—	$148M	—	14.9%
Gross Margin	46.7%	—	44.0%	—	2.7pp
Net Margin	15.4%	—	18.6%	—	-3.3pp
EPS (Diluted)	$1.73	—	$1.92	—	-9.9%
Free Cash Flow	$193M	—	$80M	—	142.3%

Revenue Flow

Item	Amount
REVENUE	$830M
Cost of Revenue	$442M
GROSS PROFIT	$388M
R&D Expenses	$65M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$153M
Other Expenses	$0
Operating Expenses	$218M
Cost & Expenses	$660M
OPERATING INCOME	$170M
Interest Income	$648.0K
Interest Expense	$8M
Other Income/Expenses	-$8M
INCOME BEFORE TAX	$162M
Income Tax Expense	$35M
Net Income from Continuing Ops	$128M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$128M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$128M
D&A	$18M
EBIT	$171M
EBITDA	$188M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$830M
Cost of Revenue	$442M
GROSS PROFIT	$388M
R&D Expenses	$65M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$153M
Other Expenses	$0
Operating Expenses	$218M
Cost & Expenses	$660M
OPERATING INCOME	$170M
Interest Income	$648.0K
Interest Expense	$8M
Other Income/Expenses	-$8M
INCOME BEFORE TAX	$162M
Income Tax Expense	$35M
Net Income from Continuing Ops	$128M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$128M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$128M
D&A	$18M
EBIT	$171M
EBITDA	$188M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$128M
Depreciation & Amortization	$18M
Stock-Based Compensation	$7M
Deferred Income Tax	$20M
Other Non-Cash Items	$16M
Change in Working Capital	$11M
OPERATING CASH FLOW	$200M
Capital Expenditure	-$8M
Acquisitions (Net)	$0
Purchases of Investments	-$4M
Sales/Maturities of Investments	$0
Other Investing Activities	$237.0K
NET CASH FROM INVESTING	-$11M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$9M
NET CASH FROM FINANCING	$9M
FREE CASH FLOW	$193M
Net Change in Cash	$200M

Balance Sheet

Item	Amount
Cash & Equivalents	$378M
Short-Term Investments	$6M
Net Receivables	$139M
Inventory	$73M
Other Current Assets	$24M
TOTAL CURRENT ASSETS	$620M
PP&E (Net)	$27M
Goodwill	$42M
Intangible Assets	$30M
Long-Term Investments	-$2M
Tax Assets	$2M
Other Non-Current Assets	$11M
TOTAL NON-CURRENT ASSETS	$109M
TOTAL ASSETS	$728M
Account Payables	$36M
Short-Term Debt	$105M
Deferred Revenue	$11M
Other Current Liabilities	$10M
TOTAL CURRENT LIABILITIES	$214M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$32M
Other Non-Current Liabilities	$12M
TOTAL NON-CURRENT LIABILITIES	$44M
TOTAL LIABILITIES	$259M
Common Stock	$0
Additional Paid-In Capital	$442M
Retained Earnings	$72M
Treasury Stock	-$46M
Accum. Other Comp. Income	$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$470M
Minority Interest	$0
TOTAL EQUITY	$470M
TOTAL LIABILITIES & EQUITY	$728M
Total Debt	$105M
Net Debt	-$273M