POWI FY 2016 Earnings Report — Power Integrations, Inc. Revenue & Financial Results | Market Cap Arena

Power Integrations, Inc.POWI

FY 2016 Earnings

Reported February 8, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$387M	—	$344M	—	12.6%
Op. Income	$48M	—	$39M	—	22.7%
Gross Margin	49.3%	—	50.4%	—	-1.1pp
Net Margin	12.4%	—	11.4%	—	1.0pp
EPS (Diluted)	$0.83	—	$0.66	—	25.8%
Free Cash Flow	$86M	—	$70M	—	21.7%

Revenue Flow

Item	Amount
REVENUE	$387M
Cost of Revenue	$196M
GROSS PROFIT	$191M
R&D Expenses	$62M
Selling & Marketing	$46M
General & Administrative	$33M
SG&A Expenses	$79M
Other Expenses	$1M
Operating Expenses	$143M
Cost & Expenses	$340M
OPERATING INCOME	$48M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$1M
INCOME BEFORE TAX	$49M
Income Tax Expense	$1M
Net Income from Continuing Ops	$49M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$48M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$49M
D&A	$23M
EBIT	$49M
EBITDA	$72M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$387M
Cost of Revenue	$196M
GROSS PROFIT	$191M
R&D Expenses	$62M
Selling & Marketing	$46M
General & Administrative	$33M
SG&A Expenses	$79M
Other Expenses	$1M
Operating Expenses	$143M
Cost & Expenses	$340M
OPERATING INCOME	$48M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$1M
INCOME BEFORE TAX	$49M
Income Tax Expense	$1M
Net Income from Continuing Ops	$49M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$48M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$49M
D&A	$23M
EBIT	$49M
EBITDA	$72M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$48M
Depreciation & Amortization	$23M
Stock-Based Compensation	$21M
Deferred Income Tax	-$660.0K
Other Non-Cash Items	$1M
Change in Working Capital	$5M
OPERATING CASH FLOW	$98M
Capital Expenditure	-$12M
Acquisitions (Net)	$0
Purchases of Investments	-$189M
Sales/Maturities of Investments	$83M
Other Investing Activities	-$105M
NET CASH FROM INVESTING	-$117M
Net Debt Issuance	$0
Common Stock Repurchased	-$6M
Common Dividends Paid	-$15M
Other Financing Activities	$13M
NET CASH FROM FINANCING	-$8M
FREE CASH FLOW	$86M
Net Change in Cash	-$28M

Balance Sheet

Item	Amount
Cash & Equivalents	$62M
Short-Term Investments	$188M
Net Receivables	$7M
Inventory	$53M
Other Current Assets	$4M
TOTAL CURRENT ASSETS	$319M
PP&E (Net)	$95M
Goodwill	$92M
Intangible Assets	$32M
Long-Term Investments	$0
Tax Assets	$12M
Other Non-Current Assets	$6M
TOTAL NON-CURRENT ASSETS	$237M
TOTAL ASSETS	$555M
Account Payables	$30M
Short-Term Debt	$0
Deferred Revenue	$16M
Other Current Liabilities	-$13M
TOTAL CURRENT LIABILITIES	$60M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$820.0K
Other Non-Current Liabilities	$7M
TOTAL NON-CURRENT LIABILITIES	$7M
TOTAL LIABILITIES	$67M
Common Stock	$28.0K
Additional Paid-In Capital	$173M
Retained Earnings	$318M
Treasury Stock	$0
Accum. Other Comp. Income	-$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$488M
Minority Interest	$0
TOTAL EQUITY	$488M
TOTAL LIABILITIES & EQUITY	$555M
Total Debt	$0
Net Debt	-$62M