POWI FY 2019 Earnings Report — Power Integrations, Inc. Revenue & Financial Results | Market Cap Arena

Power Integrations, Inc.POWI

FY 2019 Earnings

Reported February 6, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$421M	—	$416M	—	1.1%
Op. Income	$217M	—	$56M	—	290.0%
Gross Margin	50.7%	—	51.6%	—	-0.9pp
Net Margin	46.0%	—	16.8%	—	29.2pp
EPS (Diluted)	$3.24	—	$1.16	—	179.3%
Free Cash Flow	$199M	—	$58M	—	241.4%

Revenue Flow

Item	Amount
REVENUE	$421M
Cost of Revenue	$207M
GROSS PROFIT	$213M
R&D Expenses	$73M
Selling & Marketing	$54M
General & Administrative	$38M
SG&A Expenses	$92M
Other Expenses	-$169M
Operating Expenses	-$4M
Cost & Expenses	$204M
OPERATING INCOME	$217M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$5M
INCOME BEFORE TAX	$222M
Income Tax Expense	$29M
Net Income from Continuing Ops	$193M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$193M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$193M
D&A	$24M
EBIT	$48M
EBITDA	$72M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$421M
Cost of Revenue	$207M
GROSS PROFIT	$213M
R&D Expenses	$73M
Selling & Marketing	$54M
General & Administrative	$38M
SG&A Expenses	$92M
Other Expenses	-$169M
Operating Expenses	-$4M
Cost & Expenses	$204M
OPERATING INCOME	$217M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$5M
INCOME BEFORE TAX	$222M
Income Tax Expense	$29M
Net Income from Continuing Ops	$193M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$193M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$193M
D&A	$24M
EBIT	$48M
EBITDA	$72M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$193M
Depreciation & Amortization	$24M
Stock-Based Compensation	$23M
Deferred Income Tax	$4M
Other Non-Cash Items	$57.0K
Change in Working Capital	-$21M
OPERATING CASH FLOW	$224M
Capital Expenditure	-$25M
Acquisitions (Net)	$0
Purchases of Investments	-$207M
Sales/Maturities of Investments	$70M
Other Investing Activities	-$1M
NET CASH FROM INVESTING	-$162M
Net Debt Issuance	$0
Common Stock Repurchased	-$7M
Common Dividends Paid	-$21M
Other Financing Activities	$10M
NET CASH FROM FINANCING	-$18M
FREE CASH FLOW	$199M
Net Change in Cash	$45M

Balance Sheet

Item	Amount
Cash & Equivalents	$179M
Short-Term Investments	$232M
Net Receivables	$24M
Inventory	$90M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$541M
PP&E (Net)	$117M
Goodwill	$92M
Intangible Assets	$17M
Long-Term Investments	$0
Tax Assets	$3M
Other Non-Current Assets	$34M
TOTAL NON-CURRENT ASSETS	$263M
TOTAL ASSETS	$804M
Account Payables	$27M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$50M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$164.0K
Other Non-Current Liabilities	$29M
TOTAL NON-CURRENT LIABILITIES	$29M
TOTAL LIABILITIES	$79M
Common Stock	$28.0K
Additional Paid-In Capital	$152M
Retained Earnings	$576M
Treasury Stock	$0
Accum. Other Comp. Income	-$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$725M
Minority Interest	$0
TOTAL EQUITY	$725M
TOTAL LIABILITIES & EQUITY	$804M
Total Debt	$0
Net Debt	-$179M