POWI FY 2014 Earnings Report — Power Integrations, Inc. Revenue & Financial Results | Market Cap Arena

Power Integrations, Inc.POWI

FY 2014 Earnings

Reported February 10, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$349M	—	$347M	—	0.5%
Op. Income	$56M	—	$54M	—	3.2%
Gross Margin	54.3%	—	52.8%	—	1.6pp
Net Margin	17.1%	—	16.5%	—	0.6pp
EPS (Diluted)	$0.97	—	$0.94	—	3.2%
Free Cash Flow	$62M	—	$85M	—	-26.2%

Revenue Flow

Item	Amount
REVENUE	$349M
Cost of Revenue	$159M
GROSS PROFIT	$190M
R&D Expenses	$55M
Selling & Marketing	$45M
General & Administrative	$30M
SG&A Expenses	$75M
Other Expenses	$1M
Operating Expenses	$133M
Cost & Expenses	$292M
OPERATING INCOME	$56M
Interest Income	$1M
Interest Expense	$0
Other Income/Expenses	$1M
INCOME BEFORE TAX	$57M
Income Tax Expense	-$3M
Net Income from Continuing Ops	$60M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$60M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$60M
D&A	$22M
EBIT	$56M
EBITDA	$78M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$349M
Cost of Revenue	$159M
GROSS PROFIT	$190M
R&D Expenses	$55M
Selling & Marketing	$45M
General & Administrative	$30M
SG&A Expenses	$75M
Other Expenses	$1M
Operating Expenses	$133M
Cost & Expenses	$292M
OPERATING INCOME	$56M
Interest Income	$1M
Interest Expense	$0
Other Income/Expenses	$1M
INCOME BEFORE TAX	$57M
Income Tax Expense	-$3M
Net Income from Continuing Ops	$60M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$60M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$60M
D&A	$22M
EBIT	$56M
EBITDA	$78M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$60M
Depreciation & Amortization	$22M
Stock-Based Compensation	$14M
Deferred Income Tax	$157.0K
Other Non-Cash Items	$2M
Change in Working Capital	-$13M
OPERATING CASH FLOW	$86M
Capital Expenditure	-$23M
Acquisitions (Net)	$0
Purchases of Investments	-$45M
Sales/Maturities of Investments	$38M
Other Investing Activities	-$8M
NET CASH FROM INVESTING	-$38M
Net Debt Issuance	$0
Common Stock Repurchased	-$81M
Common Dividends Paid	-$13M
Other Financing Activities	$14M
NET CASH FROM FINANCING	-$80M
FREE CASH FLOW	$62M
Net Change in Cash	-$32M

Balance Sheet

Item	Amount
Cash & Equivalents	$61M
Short-Term Investments	$115M
Net Receivables	$10M
Inventory	$64M
Other Current Assets	$15M
TOTAL CURRENT ASSETS	$266M
PP&E (Net)	$96M
Goodwill	$81M
Intangible Assets	$36M
Long-Term Investments	$0
Tax Assets	$12M
Other Non-Current Assets	$4M
TOTAL NON-CURRENT ASSETS	$228M
TOTAL ASSETS	$494M
Account Payables	$22M
Short-Term Debt	$0
Deferred Revenue	$15M
Other Current Liabilities	$7M
TOTAL CURRENT LIABILITIES	$55M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$4M
Other Non-Current Liabilities	$4M
TOTAL NON-CURRENT LIABILITIES	$8M
TOTAL LIABILITIES	$63M
Common Stock	$29.0K
Additional Paid-In Capital	$172M
Retained Earnings	$260M
Treasury Stock	$0
Accum. Other Comp. Income	-$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$431M
Minority Interest	$0
TOTAL EQUITY	$431M
TOTAL LIABILITIES & EQUITY	$494M
Total Debt	$0
Net Debt	-$61M