POWI FY 2011 Earnings Report — Power Integrations, Inc. Revenue & Financial Results | Market Cap Arena

Power Integrations, Inc.POWI

FY 2011 Earnings

Reported February 28, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$299M	—	$300M	—	-0.4%
Op. Income	$43M	—	$60M	—	-27.9%
Gross Margin	47.1%	—	50.9%	—	-3.8pp
Net Margin	11.5%	—	16.5%	—	-5.0pp
EPS (Diluted)	$0.57	—	$0.84	—	-32.1%
Free Cash Flow	$46M	—	$29M	—	56.3%

Revenue Flow

Item	Amount
REVENUE	$299M
Cost of Revenue	$158M
GROSS PROFIT	$141M
R&D Expenses	$40M
Selling & Marketing	$33M
General & Administrative	$25M
SG&A Expenses	$57M
Other Expenses	$0
Operating Expenses	$97M
Cost & Expenses	$256M
OPERATING INCOME	$43M
Interest Income	$2M
Interest Expense	$0
Other Income/Expenses	$2M
INCOME BEFORE TAX	$45M
Income Tax Expense	$11M
Net Income from Continuing Ops	$34M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$34M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$34M
D&A	$16M
EBIT	$45M
EBITDA	$58M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$299M
Cost of Revenue	$158M
GROSS PROFIT	$141M
R&D Expenses	$40M
Selling & Marketing	$33M
General & Administrative	$25M
SG&A Expenses	$57M
Other Expenses	$0
Operating Expenses	$97M
Cost & Expenses	$256M
OPERATING INCOME	$43M
Interest Income	$2M
Interest Expense	$0
Other Income/Expenses	$2M
INCOME BEFORE TAX	$45M
Income Tax Expense	$11M
Net Income from Continuing Ops	$34M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$34M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$34M
D&A	$16M
EBIT	$45M
EBITDA	$58M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$34M
Depreciation & Amortization	$16M
Stock-Based Compensation	$9M
Deferred Income Tax	$4M
Other Non-Cash Items	$729.0K
Change in Working Capital	$5M
OPERATING CASH FLOW	$69M
Capital Expenditure	-$23M
Acquisitions (Net)	-$7M
Purchases of Investments	-$42M
Sales/Maturities of Investments	$27M
Other Investing Activities	-$7M
NET CASH FROM INVESTING	-$52M
Net Debt Issuance	$0
Common Stock Repurchased	-$50M
Common Dividends Paid	-$6M
Other Financing Activities	$796.0K
NET CASH FROM FINANCING	-$33M
FREE CASH FLOW	$46M
Net Change in Cash	-$16M

Balance Sheet

Item	Amount
Cash & Equivalents	$140M
Short-Term Investments	$41M
Net Receivables	$10M
Inventory	$52M
Other Current Assets	$3M
TOTAL CURRENT ASSETS	$250M
PP&E (Net)	$88M
Goodwill	$15M
Intangible Assets	$9M
Long-Term Investments	$32M
Tax Assets	$12M
Other Non-Current Assets	$27M
TOTAL NON-CURRENT ASSETS	$183M
TOTAL ASSETS	$433M
Account Payables	$17M
Short-Term Debt	$0
Deferred Revenue	$8M
Other Current Liabilities	$2M
TOTAL CURRENT LIABILITIES	$33M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$34M
TOTAL NON-CURRENT LIABILITIES	$34M
TOTAL LIABILITIES	$67M
Common Stock	$28.0K
Additional Paid-In Capital	$159M
Retained Earnings	$207M
Treasury Stock	$0
Accum. Other Comp. Income	$50.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$366M
Minority Interest	$0
TOTAL EQUITY	$366M
TOTAL LIABILITIES & EQUITY	$433M
Total Debt	$0
Net Debt	-$140M