SILC FY 2011 Earnings Report — Silicom Ltd. Revenue & Financial Results | Market Cap Arena

Silicom Ltd.SILC

FY 2011 Earnings

Reported March 20, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$40M	—	$30M	—	30.4%
Op. Income	$8M	—	$6M	—	43.6%
Gross Margin	43.4%	—	42.5%	—	0.9pp
Net Margin	20.8%	—	18.8%	—	2.0pp
EPS (Diluted)	$1.18	—	$0.82	—	43.9%
Free Cash Flow	$4M	—	$3M	—	51.8%

Revenue Flow

Item	Amount
REVENUE	$40M
Cost of Revenue	$22M
GROSS PROFIT	$17M
R&D Expenses	$4M
Selling & Marketing	$3M
General & Administrative	$2M
SG&A Expenses	$5M
Other Expenses	$0
Operating Expenses	$9M
Cost & Expenses	$31M
OPERATING INCOME	$8M
Interest Income	$1M
Interest Expense	$622.0K
Other Income/Expenses	$439.0K
INCOME BEFORE TAX	$9M
Income Tax Expense	$667.0K
Net Income from Continuing Ops	$8M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$8M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$8M
D&A	$379.0K
EBIT	$9M
EBITDA	$9M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$40M
Cost of Revenue	$22M
GROSS PROFIT	$17M
R&D Expenses	$4M
Selling & Marketing	$3M
General & Administrative	$2M
SG&A Expenses	$5M
Other Expenses	$0
Operating Expenses	$9M
Cost & Expenses	$31M
OPERATING INCOME	$8M
Interest Income	$1M
Interest Expense	$622.0K
Other Income/Expenses	$439.0K
INCOME BEFORE TAX	$9M
Income Tax Expense	$667.0K
Net Income from Continuing Ops	$8M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$8M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$8M
D&A	$379.0K
EBIT	$9M
EBITDA	$9M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$8M
Depreciation & Amortization	$379.0K
Stock-Based Compensation	$0
Deferred Income Tax	$86.0K
Other Non-Cash Items	$2M
Change in Working Capital	-$6M
OPERATING CASH FLOW	$5M
Capital Expenditure	-$486.0K
Acquisitions (Net)	$0
Purchases of Investments	-$13M
Sales/Maturities of Investments	$10M
Other Investing Activities	$4M
NET CASH FROM INVESTING	$173.0K
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$164.0K
NET CASH FROM FINANCING	$164.0K
FREE CASH FLOW	$4M
Net Change in Cash	$5M

Balance Sheet

Item	Amount
Cash & Equivalents	$11M
Short-Term Investments	$14M
Net Receivables	$10M
Inventory	$11M
Other Current Assets	$373.0K
TOTAL CURRENT ASSETS	$47M
PP&E (Net)	$837.0K
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$24M
Tax Assets	$135.0K
Other Non-Current Assets	$1M
TOTAL NON-CURRENT ASSETS	$26M
TOTAL ASSETS	$73M
Account Payables	$4M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$433.0K
TOTAL CURRENT LIABILITIES	$6M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$2M
TOTAL NON-CURRENT LIABILITIES	$2M
TOTAL LIABILITIES	$9M
Common Stock	$20.0K
Additional Paid-In Capital	$35M
Retained Earnings	$29M
Treasury Stock	-$38.0K
Accum. Other Comp. Income	-$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$64M
Minority Interest	$0
TOTAL EQUITY	$64M
TOTAL LIABILITIES & EQUITY	$73M
Total Debt	$0
Net Debt	-$11M