POWI FY 2017 Earnings Report — Power Integrations, Inc. Revenue & Financial Results | Market Cap Arena

Power Integrations, Inc.POWI

FY 2017 Earnings

Reported February 14, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$432M	—	$387M	—	11.5%
Op. Income	$58M	—	$48M	—	20.5%
Gross Margin	49.5%	—	49.3%	—	0.1pp
Net Margin	6.4%	—	12.4%	—	-6.0pp
EPS (Diluted)	$0.45	—	$0.83	—	-45.8%
Free Cash Flow	$50M	—	$86M	—	-42.2%

Revenue Flow

Item	Amount
REVENUE	$432M
Cost of Revenue	$218M
GROSS PROFIT	$214M
R&D Expenses	$69M
Selling & Marketing	$49M
General & Administrative	$36M
SG&A Expenses	$85M
Other Expenses	$3M
Operating Expenses	$156M
Cost & Expenses	$374M
OPERATING INCOME	$58M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$3M
INCOME BEFORE TAX	$60M
Income Tax Expense	$33M
Net Income from Continuing Ops	$28M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$28M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$28M
D&A	$24M
EBIT	$60M
EBITDA	$82M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$432M
Cost of Revenue	$218M
GROSS PROFIT	$214M
R&D Expenses	$69M
Selling & Marketing	$49M
General & Administrative	$36M
SG&A Expenses	$85M
Other Expenses	$3M
Operating Expenses	$156M
Cost & Expenses	$374M
OPERATING INCOME	$58M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$3M
INCOME BEFORE TAX	$60M
Income Tax Expense	$33M
Net Income from Continuing Ops	$28M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$28M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$28M
D&A	$24M
EBIT	$60M
EBITDA	$82M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$28M
Depreciation & Amortization	$24M
Stock-Based Compensation	$25M
Deferred Income Tax	$16M
Other Non-Cash Items	$2M
Change in Working Capital	-$12M
OPERATING CASH FLOW	$82M
Capital Expenditure	-$32M
Acquisitions (Net)	$0
Purchases of Investments	-$152M
Sales/Maturities of Investments	$149M
Other Investing Activities	-$2M
NET CASH FROM INVESTING	-$35M
Net Debt Issuance	$0
Common Stock Repurchased	-$9M
Common Dividends Paid	-$17M
Other Financing Activities	$10M
NET CASH FROM FINANCING	-$16M
FREE CASH FLOW	$50M
Net Change in Cash	$32M

Balance Sheet

Item	Amount
Cash & Equivalents	$94M
Short-Term Investments	$189M
Net Receivables	$17M
Inventory	$57M
Other Current Assets	$4M
TOTAL CURRENT ASSETS	$365M
PP&E (Net)	$112M
Goodwill	$92M
Intangible Assets	$25M
Long-Term Investments	$0
Tax Assets	$2M
Other Non-Current Assets	$25M
TOTAL NON-CURRENT ASSETS	$257M
TOTAL ASSETS	$621M
Account Payables	$33M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$6M
TOTAL CURRENT LIABILITIES	$51M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$138.0K
Other Non-Current Liabilities	$22M
TOTAL NON-CURRENT LIABILITIES	$22M
TOTAL LIABILITIES	$73M
Common Stock	$29.0K
Additional Paid-In Capital	$198M
Retained Earnings	$351M
Treasury Stock	$0
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$548M
Minority Interest	$0
TOTAL EQUITY	$548M
TOTAL LIABILITIES & EQUITY	$621M
Total Debt	$0
Net Debt	-$94M