SIMO FY 2006 Earnings Report — Silicon Motion Technology Corporation Revenue & Financial Results | Market Cap Arena

Silicon Motion Technology CorporationSIMO

FY 2006 Earnings

Reported July 2, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$106M	—	—	—	—
Op. Income	$27M	—	—	—	—
Gross Margin	53.4%	—	—	—	—
Net Margin	27.4%	—	—	—	—
EPS (Diluted)	$0.93	—	—	—	—
Free Cash Flow	$10M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$106M
Cost of Revenue	$49M
GROSS PROFIT	$57M
R&D Expenses	$15M
Selling & Marketing	$201M
General & Administrative	$219M
SG&A Expenses	$13M
Other Expenses	$1M
Operating Expenses	$29M
Cost & Expenses	$79M
OPERATING INCOME	$27M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$2M
INCOME BEFORE TAX	$30M
Income Tax Expense	$645.0K
Net Income from Continuing Ops	$29M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$29M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$29M
D&A	$1M
EBIT	$27M
EBITDA	$28M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$106M
Cost of Revenue	$49M
GROSS PROFIT	$57M
R&D Expenses	$15M
Selling & Marketing	$201M
General & Administrative	$219M
SG&A Expenses	$13M
Other Expenses	$1M
Operating Expenses	$29M
Cost & Expenses	$79M
OPERATING INCOME	$27M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$2M
INCOME BEFORE TAX	$30M
Income Tax Expense	$645.0K
Net Income from Continuing Ops	$29M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$29M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$29M
D&A	$1M
EBIT	$27M
EBITDA	$28M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$29M
Depreciation & Amortization	$1M
Stock-Based Compensation	$86M
Deferred Income Tax	-$3M
Other Non-Cash Items	-$84M
Change in Working Capital	-$11M
OPERATING CASH FLOW	$18M
Capital Expenditure	-$8M
Acquisitions (Net)	$18M
Purchases of Investments	-$5M
Sales/Maturities of Investments	-$18M
Other Investing Activities	$42.0K
NET CASH FROM INVESTING	-$13M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	$2M
FREE CASH FLOW	$10M
Net Change in Cash	$7M

Balance Sheet

Item	Amount
Cash & Equivalents	$55M
Short-Term Investments	$45M
Net Receivables	$26M
Inventory	$13M
Other Current Assets	$5M
TOTAL CURRENT ASSETS	$152M
PP&E (Net)	$10M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$1M
Other Non-Current Assets	$7M
TOTAL NON-CURRENT ASSETS	$18M
TOTAL ASSETS	$170M
Account Payables	$16M
Short-Term Debt	$0
Deferred Revenue	$104M
Other Current Liabilities	$4M
TOTAL CURRENT LIABILITIES	$29M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$63.0K
TOTAL NON-CURRENT LIABILITIES	$63.0K
TOTAL LIABILITIES	$29M
Common Stock	$1M
Additional Paid-In Capital	$108M
Retained Earnings	$29M
Treasury Stock	$0
Accum. Other Comp. Income	$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$140M
Minority Interest	$0
TOTAL EQUITY	$140M
TOTAL LIABILITIES & EQUITY	$170M
Total Debt	$0
Net Debt	-$55M