KLIC FY 2022 Earnings Report — Kulicke and Soffa Industries, Inc. Revenue & Financial Results | Market Cap Arena

Kulicke and Soffa Industries, Inc.KLIC

FY 2022 Earnings

Reported November 17, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$1.5B	—	$1.5B	—	-0.9%
Op. Income	$470M	—	$412M	—	14.0%
Gross Margin	49.8%	—	45.9%	—	3.8pp
Net Margin	28.8%	—	24.2%	—	4.6pp
EPS (Diluted)	$7.09	—	$5.78	—	22.7%
Free Cash Flow	$367M	—	$277M	—	32.4%

Revenue Flow

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$755M
GROSS PROFIT	$748M
R&D Expenses	$137M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$140M
Other Expenses	$1M
Operating Expenses	$278M
Cost & Expenses	$1.0B
OPERATING INCOME	$470M
Interest Income	$7M
Interest Expense	$208.0K
Other Income/Expenses	$7M
INCOME BEFORE TAX	$477M
Income Tax Expense	$43M
Net Income from Continuing Ops	$434M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$434M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$434M
D&A	$21M
EBIT	$477M
EBITDA	$498M
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$755M
GROSS PROFIT	$748M
R&D Expenses	$137M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$140M
Other Expenses	$1M
Operating Expenses	$278M
Cost & Expenses	$1.0B
OPERATING INCOME	$470M
Interest Income	$7M
Interest Expense	$208.0K
Other Income/Expenses	$7M
INCOME BEFORE TAX	$477M
Income Tax Expense	$43M
Net Income from Continuing Ops	$434M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$434M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$434M
D&A	$21M
EBIT	$477M
EBITDA	$498M
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$434M
Depreciation & Amortization	$21M
Stock-Based Compensation	$19M
Deferred Income Tax	-$9M
Other Non-Cash Items	-$9M
Change in Working Capital	-$66M
OPERATING CASH FLOW	$390M
Capital Expenditure	-$23M
Acquisitions (Net)	-$397.0K
Purchases of Investments	-$469M
Sales/Maturities of Investments	$626M
Other Investing Activities	$181.0K
NET CASH FROM INVESTING	$134M
Net Debt Issuance	-$509.0K
Common Stock Repurchased	-$281M
Common Dividends Paid	-$39M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$321M
FREE CASH FLOW	$367M
Net Change in Cash	$193M

Balance Sheet

Item	Amount
Cash & Equivalents	$556M
Short-Term Investments	$220M
Net Receivables	$309M
Inventory	$185M
Other Current Assets	$26M
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$123M
Goodwill	$68M
Intangible Assets	$32M
Long-Term Investments	$5M
Tax Assets	$26M
Other Non-Current Assets	$3M
TOTAL NON-CURRENT ASSETS	$257M
TOTAL ASSETS	$1.6B
Account Payables	$67M
Short-Term Debt	$0
Deferred Revenue	$59M
Other Current Liabilities	$11M
TOTAL CURRENT LIABILITIES	$249M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$34M
Other Non-Current Liabilities	$76M
TOTAL NON-CURRENT LIABILITIES	$145M
TOTAL LIABILITIES	$394M
Common Stock	$562M
Additional Paid-In Capital	$0
Retained Earnings	$1.3B
Treasury Stock	-$676M
Accum. Other Comp. Income	-$33M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$42M
Net Debt	-$514M