POWI FY 2020 Earnings Report — Power Integrations, Inc. Revenue & Financial Results | Market Cap Arena

Power Integrations, Inc.POWI

FY 2020 Earnings

Reported February 5, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$488M	—	$421M	—	16.1%
Op. Income	$70M	—	$217M	—	-67.5%
Gross Margin	49.9%	—	50.7%	—	-0.8pp
Net Margin	14.6%	—	46.0%	—	-31.4pp
EPS (Diluted)	$1.17	—	$3.24	—	-63.9%
Free Cash Flow	$55M	—	$199M	—	-72.4%

Revenue Flow

Item	Amount
REVENUE	$488M
Cost of Revenue	$245M
GROSS PROFIT	$244M
R&D Expenses	$82M
Selling & Marketing	$54M
General & Administrative	$37M
SG&A Expenses	$91M
Other Expenses	$0
Operating Expenses	$173M
Cost & Expenses	$418M
OPERATING INCOME	$70M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$5M
INCOME BEFORE TAX	$75M
Income Tax Expense	$4M
Net Income from Continuing Ops	$71M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$71M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$71M
D&A	$28M
EBIT	$70M
EBITDA	$99M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$488M
Cost of Revenue	$245M
GROSS PROFIT	$244M
R&D Expenses	$82M
Selling & Marketing	$54M
General & Administrative	$37M
SG&A Expenses	$91M
Other Expenses	$0
Operating Expenses	$173M
Cost & Expenses	$418M
OPERATING INCOME	$70M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$5M
INCOME BEFORE TAX	$75M
Income Tax Expense	$4M
Net Income from Continuing Ops	$71M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$71M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$71M
D&A	$28M
EBIT	$70M
EBITDA	$99M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$71M
Depreciation & Amortization	$28M
Stock-Based Compensation	$31M
Deferred Income Tax	-$592.0K
Other Non-Cash Items	$894.0K
Change in Working Capital	-$5M
OPERATING CASH FLOW	$126M
Capital Expenditure	-$71M
Acquisitions (Net)	$0
Purchases of Investments	-$110M
Sales/Maturities of Investments	$151M
Other Investing Activities	$651.0K
NET CASH FROM INVESTING	-$28M
Net Debt Issuance	$0
Common Stock Repurchased	-$3M
Common Dividends Paid	-$25M
Other Financing Activities	$11M
NET CASH FROM FINANCING	-$17M
FREE CASH FLOW	$55M
Net Change in Cash	$80M

Balance Sheet

Item	Amount
Cash & Equivalents	$259M
Short-Term Investments	$190M
Net Receivables	$36M
Inventory	$103M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$601M
PP&E (Net)	$166M
Goodwill	$92M
Intangible Assets	$13M
Long-Term Investments	$0
Tax Assets	$3M
Other Non-Current Assets	$28M
TOTAL NON-CURRENT ASSETS	$302M
TOTAL ASSETS	$903M
Account Payables	$35M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$63M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$75.0K
Other Non-Current Liabilities	$30M
TOTAL NON-CURRENT LIABILITIES	$30M
TOTAL LIABILITIES	$93M
Common Stock	$28.0K
Additional Paid-In Capital	$191M
Retained Earnings	$622M
Treasury Stock	$0
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$810M
Minority Interest	$0
TOTAL EQUITY	$810M
TOTAL LIABILITIES & EQUITY	$903M
Total Debt	$0
Net Debt	-$259M