POWI FY 2021 Earnings Report — Power Integrations, Inc. Revenue & Financial Results | Market Cap Arena

Power Integrations, Inc.POWI

FY 2021 Earnings

Reported February 7, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$703M	—	$488M	—	44.0%
Op. Income	$175M	—	$70M	—	148.4%
Gross Margin	51.3%	—	49.9%	—	1.4pp
Net Margin	23.4%	—	14.6%	—	8.8pp
EPS (Diluted)	$2.67	—	$1.17	—	128.2%
Free Cash Flow	$184M	—	$55M	—	233.6%

Revenue Flow

Item	Amount
REVENUE	$703M
Cost of Revenue	$343M
GROSS PROFIT	$361M
R&D Expenses	$85M
Selling & Marketing	$61M
General & Administrative	$40M
SG&A Expenses	$101M
Other Expenses	$0
Operating Expenses	$186M
Cost & Expenses	$528M
OPERATING INCOME	$175M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$1M
INCOME BEFORE TAX	$176M
Income Tax Expense	$12M
Net Income from Continuing Ops	$164M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$164M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$164M
D&A	$35M
EBIT	$175M
EBITDA	$210M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$703M
Cost of Revenue	$343M
GROSS PROFIT	$361M
R&D Expenses	$85M
Selling & Marketing	$61M
General & Administrative	$40M
SG&A Expenses	$101M
Other Expenses	$0
Operating Expenses	$186M
Cost & Expenses	$528M
OPERATING INCOME	$175M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$1M
INCOME BEFORE TAX	$176M
Income Tax Expense	$12M
Net Income from Continuing Ops	$164M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$164M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$164M
D&A	$35M
EBIT	$175M
EBITDA	$210M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$164M
Depreciation & Amortization	$35M
Stock-Based Compensation	$38M
Deferred Income Tax	-$13M
Other Non-Cash Items	$5M
Change in Working Capital	$2M
OPERATING CASH FLOW	$231M
Capital Expenditure	-$47M
Acquisitions (Net)	$35.0K
Purchases of Investments	-$554M
Sales/Maturities of Investments	$368M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$233M
Net Debt Issuance	$0
Common Stock Repurchased	-$74M
Common Dividends Paid	-$33M
Other Financing Activities	$8M
NET CASH FROM FINANCING	-$99M
FREE CASH FLOW	$184M
Net Change in Cash	-$101M

Balance Sheet

Item	Amount
Cash & Equivalents	$158M
Short-Term Investments	$372M
Net Receivables	$41M
Inventory	$99M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$687M
PP&E (Net)	$180M
Goodwill	$92M
Intangible Assets	$9M
Long-Term Investments	$0
Tax Assets	$16M
Other Non-Current Assets	$31M
TOTAL NON-CURRENT ASSETS	$328M
TOTAL ASSETS	$1.0B
Account Payables	$44M
Short-Term Debt	$3M
Deferred Revenue	$0
Other Current Liabilities	-$3M
TOTAL CURRENT LIABILITIES	$72M
Long-Term Debt	$8M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$13M
TOTAL NON-CURRENT LIABILITIES	$30M
TOTAL LIABILITIES	$102M
Common Stock	$28.0K
Additional Paid-In Capital	$162M
Retained Earnings	$753M
Treasury Stock	$0
Accum. Other Comp. Income	-$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$912M
Minority Interest	$0
TOTAL EQUITY	$912M
TOTAL LIABILITIES & EQUITY	$1.0B
Total Debt	$20M
Net Debt	-$138M