KLIC FY 2018 Earnings Report — Kulicke and Soffa Industries, Inc. Revenue & Financial Results | Market Cap Arena

Kulicke and Soffa Industries, Inc.KLIC

FY 2018 Earnings

Reported November 20, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$889M	—	$809M	—	9.9%
Op. Income	$167M	—	$113M	—	47.4%
Gross Margin	46.1%	—	47.2%	—	-1.2pp
Net Margin	6.4%	—	15.6%	—	-9.2pp
EPS (Diluted)	$0.80	—	$1.55	—	-48.4%
Free Cash Flow	$103M	—	$111M	—	-7.0%

Revenue Flow

Item	Amount
REVENUE	$889M
Cost of Revenue	$480M
GROSS PROFIT	$409M
R&D Expenses	$120M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$123M
Other Expenses	$0
Operating Expenses	$243M
Cost & Expenses	$722M
OPERATING INCOME	$167M
Interest Income	$12M
Interest Expense	$1M
Other Income/Expenses	$11M
INCOME BEFORE TAX	$178M
Income Tax Expense	$121M
Net Income from Continuing Ops	$57M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$57M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$57M
D&A	$19M
EBIT	$179M
EBITDA	$198M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$889M
Cost of Revenue	$480M
GROSS PROFIT	$409M
R&D Expenses	$120M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$123M
Other Expenses	$0
Operating Expenses	$243M
Cost & Expenses	$722M
OPERATING INCOME	$167M
Interest Income	$12M
Interest Expense	$1M
Other Income/Expenses	$11M
INCOME BEFORE TAX	$178M
Income Tax Expense	$121M
Net Income from Continuing Ops	$57M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$57M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$57M
D&A	$19M
EBIT	$179M
EBITDA	$198M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$57M
Depreciation & Amortization	$19M
Stock-Based Compensation	$12M
Deferred Income Tax	$23M
Other Non-Cash Items	$3M
Change in Working Capital	$11M
OPERATING CASH FLOW	$123M
Capital Expenditure	-$20M
Acquisitions (Net)	$0
Purchases of Investments	-$684M
Sales/Maturities of Investments	$607M
Other Investing Activities	$625.0K
NET CASH FROM INVESTING	-$97M
Net Debt Issuance	-$704.0K
Common Stock Repurchased	-$90M
Common Dividends Paid	-$8M
Other Financing Activities	$55.0K
NET CASH FROM FINANCING	-$99M
FREE CASH FLOW	$103M
Net Change in Cash	-$72M

Balance Sheet

Item	Amount
Cash & Equivalents	$321M
Short-Term Investments	$293M
Net Receivables	$243M
Inventory	$115M
Other Current Assets	$518.0K
TOTAL CURRENT ASSETS	$987M
PP&E (Net)	$76M
Goodwill	$57M
Intangible Assets	$53M
Long-Term Investments	$1M
Tax Assets	$9M
Other Non-Current Assets	$3M
TOTAL NON-CURRENT ASSETS	$198M
TOTAL ASSETS	$1.2B
Account Payables	$49M
Short-Term Debt	$0
Deferred Revenue	$35M
Other Current Liabilities	$13M
TOTAL CURRENT LIABILITIES	$174M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$26M
Other Non-Current Liabilities	$91M
TOTAL NON-CURRENT LIABILITIES	$131M
TOTAL LIABILITIES	$306M
Common Stock	$519M
Additional Paid-In Capital	$0
Retained Earnings	$614M
Treasury Stock	-$249M
Accum. Other Comp. Income	-$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$880M
Minority Interest	$0
TOTAL EQUITY	$880M
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$15M
Net Debt	-$305M