SIMO FY 2012 Earnings Report — Silicon Motion Technology Corporation Revenue & Financial Results | Market Cap Arena

Silicon Motion Technology CorporationSIMO

FY 2012 Earnings

Reported April 30, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$281M	—	$224M	—	25.5%
Op. Income	$53M	—	$41M	—	28.5%
Gross Margin	46.8%	—	48.3%	—	-1.5pp
Net Margin	16.8%	—	18.5%	—	-1.7pp
EPS (Diluted)	$1.40	—	$1.28	—	9.4%
Free Cash Flow	$65M	—	$48M	—	35.0%

Revenue Flow

Item	Amount
REVENUE	$281M
Cost of Revenue	$150M
GROSS PROFIT	$132M
R&D Expenses	$51M
Selling & Marketing	$16M
General & Administrative	$12M
SG&A Expenses	$28M
Other Expenses	-$100.0K
Operating Expenses	-$79M
Cost & Expenses	$71M
OPERATING INCOME	$53M
Interest Income	$1M
Interest Expense	$61.0K
Other Income/Expenses	$2M
INCOME BEFORE TAX	$54M
Income Tax Expense	$7M
Net Income from Continuing Ops	$47M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$47M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$47M
D&A	-$6M
EBIT	$54M
EBITDA	$60M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$281M
Cost of Revenue	$150M
GROSS PROFIT	$132M
R&D Expenses	$51M
Selling & Marketing	$16M
General & Administrative	$12M
SG&A Expenses	$28M
Other Expenses	-$100.0K
Operating Expenses	-$79M
Cost & Expenses	$71M
OPERATING INCOME	$53M
Interest Income	$1M
Interest Expense	$61.0K
Other Income/Expenses	$2M
INCOME BEFORE TAX	$54M
Income Tax Expense	$7M
Net Income from Continuing Ops	$47M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$47M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$47M
D&A	-$6M
EBIT	$54M
EBITDA	$60M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$47M
Depreciation & Amortization	$6M
Stock-Based Compensation	$12M
Deferred Income Tax	$2M
Other Non-Cash Items	$142.0K
Change in Working Capital	$3M
OPERATING CASH FLOW	$69M
Capital Expenditure	-$4M
Acquisitions (Net)	-$700.0K
Purchases of Investments	$710.0K
Sales/Maturities of Investments	-$10.0K
Other Investing Activities	-$469.0K
NET CASH FROM INVESTING	-$5M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	$224.0K
FREE CASH FLOW	$65M
Net Change in Cash	$66M

Balance Sheet

Item	Amount
Cash & Equivalents	$155M
Short-Term Investments	$15M
Net Receivables	$37M
Inventory	$32M
Other Current Assets	$18M
TOTAL CURRENT ASSETS	$258M
PP&E (Net)	$23M
Goodwill	$35M
Intangible Assets	$3M
Long-Term Investments	$178.0K
Tax Assets	$804.0K
Other Non-Current Assets	$5M
TOTAL NON-CURRENT ASSETS	$64M
TOTAL ASSETS	$323M
Account Payables	$27M
Short-Term Debt	$0
Deferred Revenue	$2M
Other Current Liabilities	$3M
TOTAL CURRENT LIABILITIES	$56M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$4M
TOTAL NON-CURRENT LIABILITIES	$4M
TOTAL LIABILITIES	$61M
Common Stock	$1M
Additional Paid-In Capital	$174M
Retained Earnings	$83M
Treasury Stock	$0
Accum. Other Comp. Income	$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$262M
Minority Interest	$0
TOTAL EQUITY	$262M
TOTAL LIABILITIES & EQUITY	$323M
Total Debt	$0
Net Debt	-$155M