POWI FY 2010 Earnings Report — Power Integrations, Inc. Revenue & Financial Results | Market Cap Arena

Power Integrations, Inc.POWI

FY 2010 Earnings

Reported February 24, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$300M	—	$216M	—	39.0%
Op. Income	$60M	—	$29M	—	109.5%
Gross Margin	50.9%	—	50.1%	—	0.8pp
Net Margin	16.5%	—	10.8%	—	5.7pp
EPS (Diluted)	$0.84	—	$0.41	—	104.9%
Free Cash Flow	$29M	—	$32M	—	-7.6%

Revenue Flow

Item	Amount
REVENUE	$300M
Cost of Revenue	$147M
GROSS PROFIT	$153M
R&D Expenses	$36M
Selling & Marketing	$31M
General & Administrative	$26M
SG&A Expenses	$57M
Other Expenses	$0
Operating Expenses	$93M
Cost & Expenses	$240M
OPERATING INCOME	$60M
Interest Income	$2M
Interest Expense	$3.0K
Other Income/Expenses	$2M
INCOME BEFORE TAX	$62M
Income Tax Expense	$12M
Net Income from Continuing Ops	$49M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$49M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$49M
D&A	$13M
EBIT	$62M
EBITDA	$75M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$300M
Cost of Revenue	$147M
GROSS PROFIT	$153M
R&D Expenses	$36M
Selling & Marketing	$31M
General & Administrative	$26M
SG&A Expenses	$57M
Other Expenses	$0
Operating Expenses	$93M
Cost & Expenses	$240M
OPERATING INCOME	$60M
Interest Income	$2M
Interest Expense	$3.0K
Other Income/Expenses	$2M
INCOME BEFORE TAX	$62M
Income Tax Expense	$12M
Net Income from Continuing Ops	$49M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$49M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$49M
D&A	$13M
EBIT	$62M
EBITDA	$75M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$49M
Depreciation & Amortization	$13M
Stock-Based Compensation	$11M
Deferred Income Tax	$1M
Other Non-Cash Items	$3M
Change in Working Capital	-$17M
OPERATING CASH FLOW	$60M
Capital Expenditure	-$31M
Acquisitions (Net)	-$9M
Purchases of Investments	-$29M
Sales/Maturities of Investments	$27M
Other Investing Activities	-$5M
NET CASH FROM INVESTING	-$47M
Net Debt Issuance	$0
Common Stock Repurchased	-$14M
Common Dividends Paid	-$6M
Other Financing Activities	$540.0K
NET CASH FROM FINANCING	$7M
FREE CASH FLOW	$29M
Net Change in Cash	$21M

Balance Sheet

Item	Amount
Cash & Equivalents	$156M
Short-Term Investments	$27M
Net Receivables	$6M
Inventory	$62M
Other Current Assets	$1M
TOTAL CURRENT ASSETS	$262M
PP&E (Net)	$84M
Goodwill	$15M
Intangible Assets	$10M
Long-Term Investments	$32M
Tax Assets	$13M
Other Non-Current Assets	$17M
TOTAL NON-CURRENT ASSETS	$172M
TOTAL ASSETS	$433M
Account Payables	$20M
Short-Term Debt	$0
Deferred Revenue	$12M
Other Current Liabilities	$10M
TOTAL CURRENT LIABILITIES	$49M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$30M
TOTAL NON-CURRENT LIABILITIES	$30M
TOTAL LIABILITIES	$79M
Common Stock	$28.0K
Additional Paid-In Capital	$175M
Retained Earnings	$179M
Treasury Stock	$0
Accum. Other Comp. Income	$85.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$354M
Minority Interest	$0
TOTAL EQUITY	$354M
TOTAL LIABILITIES & EQUITY	$433M
Total Debt	$0
Net Debt	-$156M