KLIC FY 2013 Earnings Report — Kulicke and Soffa Industries, Inc. Revenue & Financial Results | Market Cap Arena

Kulicke and Soffa Industries, Inc.KLIC

FY 2013 Earnings

Reported November 14, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$535M	—	$791M	—	-32.4%
Op. Income	$66M	—	$179M	—	-63.3%
Gross Margin	46.2%	—	46.4%	—	-0.3pp
Net Margin	11.1%	—	20.3%	—	-9.2pp
EPS (Diluted)	$0.78	—	$2.13	—	-63.4%
Free Cash Flow	$78M	—	$176M	—	-55.8%

Revenue Flow

Item	Amount
REVENUE	$535M
Cost of Revenue	$288M
GROSS PROFIT	$247M
R&D Expenses	$62M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$120M
Other Expenses	$0
Operating Expenses	$181M
Cost & Expenses	$469M
OPERATING INCOME	$66M
Interest Income	$883.0K
Interest Expense	$21.0K
Other Income/Expenses	$862.0K
INCOME BEFORE TAX	$67M
Income Tax Expense	$7M
Net Income from Continuing Ops	$59M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$59M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$59M
D&A	$18M
EBIT	$67M
EBITDA	$85M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$535M
Cost of Revenue	$288M
GROSS PROFIT	$247M
R&D Expenses	$62M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$120M
Other Expenses	$0
Operating Expenses	$181M
Cost & Expenses	$469M
OPERATING INCOME	$66M
Interest Income	$883.0K
Interest Expense	$21.0K
Other Income/Expenses	$862.0K
INCOME BEFORE TAX	$67M
Income Tax Expense	$7M
Net Income from Continuing Ops	$59M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$59M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$59M
D&A	$18M
EBIT	$67M
EBITDA	$85M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$59M
Depreciation & Amortization	$18M
Stock-Based Compensation	$11M
Deferred Income Tax	$6M
Other Non-Cash Items	$1M
Change in Working Capital	-$706.0K
OPERATING CASH FLOW	$95M
Capital Expenditure	-$17M
Acquisitions (Net)	$0
Purchases of Investments	-$3M
Sales/Maturities of Investments	$0
Other Investing Activities	$5M
NET CASH FROM INVESTING	-$15M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$2M
NET CASH FROM FINANCING	$2M
FREE CASH FLOW	$78M
Net Change in Cash	$82M

Balance Sheet

Item	Amount
Cash & Equivalents	$522M
Short-Term Investments	$3M
Net Receivables	$163M
Inventory	$38M
Other Current Assets	$4M
TOTAL CURRENT ASSETS	$754M
PP&E (Net)	$48M
Goodwill	$42M
Intangible Assets	$11M
Long-Term Investments	-$4M
Tax Assets	$4M
Other Non-Current Assets	$8M
TOTAL NON-CURRENT ASSETS	$109M
TOTAL ASSETS	$863M
Account Payables	$37M
Short-Term Debt	$0
Deferred Revenue	$8M
Other Current Liabilities	$8M
TOTAL CURRENT LIABILITIES	$77M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$41M
Other Non-Current Liabilities	$9M
TOTAL NON-CURRENT LIABILITIES	$69M
TOTAL LIABILITIES	$146M
Common Stock	$468M
Additional Paid-In Capital	$0
Retained Earnings	$292M
Treasury Stock	-$46M
Accum. Other Comp. Income	$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$717M
Minority Interest	$0
TOTAL EQUITY	$717M
TOTAL LIABILITIES & EQUITY	$863M
Total Debt	$19M
Net Debt	-$502M