KLIC FY 2014 Earnings Report — Kulicke and Soffa Industries, Inc. Revenue & Financial Results | Market Cap Arena

Kulicke and Soffa Industries, Inc.KLIC

FY 2014 Earnings

Reported November 12, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$569M	—	$535M	—	6.3%
Op. Income	$77M	—	$66M	—	17.0%
Gross Margin	48.1%	—	46.2%	—	1.9pp
Net Margin	11.1%	—	11.1%	—	-0.0pp
EPS (Diluted)	$0.81	—	$0.78	—	3.8%
Free Cash Flow	$72M	—	$78M	—	-6.9%

Revenue Flow

Item	Amount
REVENUE	$569M
Cost of Revenue	$295M
GROSS PROFIT	$274M
R&D Expenses	$83M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$114M
Other Expenses	$0
Operating Expenses	$197M
Cost & Expenses	$492M
OPERATING INCOME	$77M
Interest Income	$1M
Interest Expense	$1M
Other Income/Expenses	$149.0K
INCOME BEFORE TAX	$77M
Income Tax Expense	$14M
Net Income from Continuing Ops	$63M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$63M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$63M
D&A	$14M
EBIT	$78M
EBITDA	$92M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$569M
Cost of Revenue	$295M
GROSS PROFIT	$274M
R&D Expenses	$83M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$114M
Other Expenses	$0
Operating Expenses	$197M
Cost & Expenses	$492M
OPERATING INCOME	$77M
Interest Income	$1M
Interest Expense	$1M
Other Income/Expenses	$149.0K
INCOME BEFORE TAX	$77M
Income Tax Expense	$14M
Net Income from Continuing Ops	$63M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$63M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$63M
D&A	$14M
EBIT	$78M
EBITDA	$92M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$63M
Depreciation & Amortization	$14M
Stock-Based Compensation	$11M
Deferred Income Tax	$4M
Other Non-Cash Items	$3M
Change in Working Capital	-$13M
OPERATING CASH FLOW	$82M
Capital Expenditure	-$10M
Acquisitions (Net)	$0
Purchases of Investments	-$18M
Sales/Maturities of Investments	$12M
Other Investing Activities	$44.0K
NET CASH FROM INVESTING	-$16M
Net Debt Issuance	$0
Common Stock Repurchased	-$419.0K
Common Dividends Paid	$0
Other Financing Activities	$255.0K
NET CASH FROM FINANCING	-$164.0K
FREE CASH FLOW	$72M
Net Change in Cash	$66M

Balance Sheet

Item	Amount
Cash & Equivalents	$588M
Short-Term Investments	$9M
Net Receivables	$172M
Inventory	$50M
Other Current Assets	$4M
TOTAL CURRENT ASSETS	$838M
PP&E (Net)	$53M
Goodwill	$42M
Intangible Assets	$6M
Long-Term Investments	-$4M
Tax Assets	$4M
Other Non-Current Assets	$7M
TOTAL NON-CURRENT ASSETS	$107M
TOTAL ASSETS	$944M
Account Payables	$35M
Short-Term Debt	$0
Deferred Revenue	$9M
Other Current Liabilities	$11M
TOTAL CURRENT LIABILITIES	$81M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$45M
Other Non-Current Liabilities	$10M
TOTAL NON-CURRENT LIABILITIES	$74M
TOTAL LIABILITIES	$155M
Common Stock	$479M
Additional Paid-In Capital	$0
Retained Earnings	$355M
Treasury Stock	-$47M
Accum. Other Comp. Income	$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$789M
Minority Interest	$0
TOTAL EQUITY	$789M
TOTAL LIABILITIES & EQUITY	$944M
Total Debt	$19M
Net Debt	-$569M