KLIC FY 2020 Earnings Report — Kulicke and Soffa Industries, Inc. Revenue & Financial Results | Market Cap Arena

Kulicke and Soffa Industries, Inc.KLIC

FY 2020 Earnings

Reported November 20, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$623M	—	$540M	—	15.4%
Op. Income	$59M	—	$22M	—	170.7%
Gross Margin	47.8%	—	47.1%	—	0.7pp
Net Margin	8.4%	—	2.2%	—	6.2pp
EPS (Diluted)	$0.83	—	$0.18	—	361.1%
Free Cash Flow	$83M	—	$54M	—	52.5%

Revenue Flow

Item	Amount
REVENUE	$623M
Cost of Revenue	$325M
GROSS PROFIT	$298M
R&D Expenses	$123M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$116M
Other Expenses	$0
Operating Expenses	$239M
Cost & Expenses	$565M
OPERATING INCOME	$59M
Interest Income	$8M
Interest Expense	$2M
Other Income/Expenses	$6M
INCOME BEFORE TAX	$64M
Income Tax Expense	$12M
Net Income from Continuing Ops	$52M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$52M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$52M
D&A	$20M
EBIT	$66M
EBITDA	$86M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$623M
Cost of Revenue	$325M
GROSS PROFIT	$298M
R&D Expenses	$123M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$116M
Other Expenses	$0
Operating Expenses	$239M
Cost & Expenses	$565M
OPERATING INCOME	$59M
Interest Income	$8M
Interest Expense	$2M
Other Income/Expenses	$6M
INCOME BEFORE TAX	$64M
Income Tax Expense	$12M
Net Income from Continuing Ops	$52M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$52M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$52M
D&A	$20M
EBIT	$66M
EBITDA	$86M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$52M
Depreciation & Amortization	$20M
Stock-Based Compensation	$15M
Deferred Income Tax	-$827.0K
Other Non-Cash Items	$987.0K
Change in Working Capital	$7M
OPERATING CASH FLOW	$94M
Capital Expenditure	-$12M
Acquisitions (Net)	-$1M
Purchases of Investments	-$442M
Sales/Maturities of Investments	$329M
Other Investing Activities	$50.0K
NET CASH FROM INVESTING	-$126M
Net Debt Issuance	-$61M
Common Stock Repurchased	-$55M
Common Dividends Paid	-$30M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$146M
FREE CASH FLOW	$83M
Net Change in Cash	-$176M

Balance Sheet

Item	Amount
Cash & Equivalents	$188M
Short-Term Investments	$342M
Net Receivables	$199M
Inventory	$112M
Other Current Assets	$20M
TOTAL CURRENT ASSETS	$860M
PP&E (Net)	$82M
Goodwill	$57M
Intangible Assets	$38M
Long-Term Investments	$8M
Tax Assets	$8M
Other Non-Current Assets	$2M
TOTAL NON-CURRENT ASSETS	$194M
TOTAL ASSETS	$1.1B
Account Payables	$58M
Short-Term Debt	$0
Deferred Revenue	$23M
Other Current Liabilities	$7M
TOTAL CURRENT LIABILITIES	$158M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$33M
Other Non-Current Liabilities	$87M
TOTAL NON-CURRENT LIABILITIES	$139M
TOTAL LIABILITIES	$297M
Common Stock	$539M
Additional Paid-In Capital	$0
Retained Earnings	$616M
Treasury Stock	-$395M
Accum. Other Comp. Income	-$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$758M
Minority Interest	$0
TOTAL EQUITY	$758M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$24M
Net Debt	-$164M