KLIC FY 2021 Earnings Report — Kulicke and Soffa Industries, Inc. Revenue & Financial Results | Market Cap Arena

Kulicke and Soffa Industries, Inc.KLIC

FY 2021 Earnings

Reported November 18, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$1.5B	—	$623M	—	143.5%
Op. Income	$412M	—	$59M	—	604.9%
Gross Margin	45.9%	—	47.8%	—	-1.9pp
Net Margin	24.2%	—	8.4%	—	15.8pp
EPS (Diluted)	$5.78	—	$0.83	—	596.4%
Free Cash Flow	$277M	—	$83M	—	235.3%

Revenue Flow

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$821M
GROSS PROFIT	$697M
R&D Expenses	$137M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$147M
Other Expenses	$0
Operating Expenses	$285M
Cost & Expenses	$1.1B
OPERATING INCOME	$412M
Interest Income	$2M
Interest Expense	$218.0K
Other Income/Expenses	$2M
INCOME BEFORE TAX	$414M
Income Tax Expense	$47M
Net Income from Continuing Ops	$367M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$367M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$367M
D&A	$20M
EBIT	$415M
EBITDA	$435M
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$821M
GROSS PROFIT	$697M
R&D Expenses	$137M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$147M
Other Expenses	$0
Operating Expenses	$285M
Cost & Expenses	$1.1B
OPERATING INCOME	$412M
Interest Income	$2M
Interest Expense	$218.0K
Other Income/Expenses	$2M
INCOME BEFORE TAX	$414M
Income Tax Expense	$47M
Net Income from Continuing Ops	$367M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$367M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$367M
D&A	$20M
EBIT	$415M
EBITDA	$435M
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$367M
Depreciation & Amortization	$20M
Stock-Based Compensation	$15M
Deferred Income Tax	-$10M
Other Non-Cash Items	-$4M
Change in Working Capital	-$88M
OPERATING CASH FLOW	$300M
Capital Expenditure	-$23M
Acquisitions (Net)	-$24M
Purchases of Investments	-$507M
Sales/Maturities of Investments	$472M
Other Investing Activities	$291.0K
NET CASH FROM INVESTING	-$82M
Net Debt Issuance	-$379.0K
Common Stock Repurchased	-$10M
Common Dividends Paid	-$33M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$44M
FREE CASH FLOW	$277M
Net Change in Cash	$175M

Balance Sheet

Item	Amount
Cash & Equivalents	$363M
Short-Term Investments	$377M
Net Receivables	$421M
Inventory	$167M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$110M
Goodwill	$73M
Intangible Assets	$43M
Long-Term Investments	$6M
Tax Assets	$16M
Other Non-Current Assets	$2M
TOTAL NON-CURRENT ASSETS	$250M
TOTAL ASSETS	$1.6B
Account Payables	$155M
Short-Term Debt	$0
Deferred Revenue	$72M
Other Current Liabilities	$8M
TOTAL CURRENT LIABILITIES	$352M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$33M
Other Non-Current Liabilities	$84M
TOTAL NON-CURRENT LIABILITIES	$155M
TOTAL LIABILITIES	$506M
Common Stock	$550M
Additional Paid-In Capital	$0
Retained Earnings	$949M
Treasury Stock	-$400M
Accum. Other Comp. Income	-$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$43M
Net Debt	-$320M