KLIC FY 2012 Earnings Report — Kulicke and Soffa Industries, Inc. Revenue & Financial Results | Market Cap Arena

Kulicke and Soffa Industries, Inc.KLIC

FY 2012 Earnings

Reported November 19, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$791M	—	$830M	—	-4.7%
Op. Income	$179M	—	$170M	—	5.4%
Gross Margin	46.4%	—	46.7%	—	-0.3pp
Net Margin	20.3%	—	15.4%	—	4.9pp
EPS (Diluted)	$2.13	—	$1.73	—	23.1%
Free Cash Flow	$176M	—	$193M	—	-8.9%

Revenue Flow

Item	Amount
REVENUE	$791M
Cost of Revenue	$424M
GROSS PROFIT	$367M
R&D Expenses	$63M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$125M
Other Expenses	$0
Operating Expenses	$188M
Cost & Expenses	$612M
OPERATING INCOME	$179M
Interest Income	$833.0K
Interest Expense	$6M
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$174M
Income Tax Expense	$14M
Net Income from Continuing Ops	$161M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$161M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$161M
D&A	$17M
EBIT	$180M
EBITDA	$197M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$791M
Cost of Revenue	$424M
GROSS PROFIT	$367M
R&D Expenses	$63M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$125M
Other Expenses	$0
Operating Expenses	$188M
Cost & Expenses	$612M
OPERATING INCOME	$179M
Interest Income	$833.0K
Interest Expense	$6M
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$174M
Income Tax Expense	$14M
Net Income from Continuing Ops	$161M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$161M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$161M
D&A	$17M
EBIT	$180M
EBITDA	$197M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$161M
Depreciation & Amortization	$17M
Stock-Based Compensation	$9M
Deferred Income Tax	$4M
Other Non-Cash Items	$5M
Change in Working Capital	-$13M
OPERATING CASH FLOW	$182M
Capital Expenditure	-$7M
Acquisitions (Net)	-$15M
Purchases of Investments	$0
Sales/Maturities of Investments	$6M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$15M
Net Debt Issuance	-$110M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$5M
NET CASH FROM FINANCING	-$105M
FREE CASH FLOW	$176M
Net Change in Cash	$62M

Balance Sheet

Item	Amount
Cash & Equivalents	$440M
Short-Term Investments	$0
Net Receivables	$189M
Inventory	$59M
Other Current Assets	$4M
TOTAL CURRENT ASSETS	$713M
PP&E (Net)	$28M
Goodwill	$42M
Intangible Assets	$20M
Long-Term Investments	-$4M
Tax Assets	$4M
Other Non-Current Assets	$12M
TOTAL NON-CURRENT ASSETS	$102M
TOTAL ASSETS	$816M
Account Payables	$57M
Short-Term Debt	$0
Deferred Revenue	$23M
Other Current Liabilities	$13M
TOTAL CURRENT LIABILITIES	$123M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$38M
Other Non-Current Liabilities	$11M
TOTAL NON-CURRENT LIABILITIES	$49M
TOTAL LIABILITIES	$172M
Common Stock	$455M
Additional Paid-In Capital	$0
Retained Earnings	$233M
Treasury Stock	-$46M
Accum. Other Comp. Income	$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$644M
Minority Interest	$0
TOTAL EQUITY	$644M
TOTAL LIABILITIES & EQUITY	$816M
Total Debt	$0
Net Debt	-$440M