SIMO FY 2014 Earnings Report — Silicon Motion Technology Corporation Revenue & Financial Results | Market Cap Arena

Silicon Motion Technology CorporationSIMO

FY 2014 Earnings

Reported April 30, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$289M	—	$225M	—	28.4%
Op. Income	$59M	—	$35M	—	67.3%
Gross Margin	51.7%	—	47.3%	—	4.4pp
Net Margin	15.3%	—	12.2%	—	3.2pp
EPS (Diluted)	$1.30	—	$0.81	—	60.5%
Free Cash Flow	$57M	—	$36M	—	57.1%

Revenue Flow

Item	Amount
REVENUE	$289M
Cost of Revenue	$140M
GROSS PROFIT	$150M
R&D Expenses	$61M
Selling & Marketing	$16M
General & Administrative	$13M
SG&A Expenses	$30M
Other Expenses	-$1.0K
Operating Expenses	-$91M
Cost & Expenses	$48M
OPERATING INCOME	$59M
Interest Income	$2M
Interest Expense	$114.0K
Other Income/Expenses	$1M
INCOME BEFORE TAX	$61M
Income Tax Expense	$16M
Net Income from Continuing Ops	$44M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$44M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$44M
D&A	-$7M
EBIT	$59M
EBITDA	$66M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$289M
Cost of Revenue	$140M
GROSS PROFIT	$150M
R&D Expenses	$61M
Selling & Marketing	$16M
General & Administrative	$13M
SG&A Expenses	$30M
Other Expenses	-$1.0K
Operating Expenses	-$91M
Cost & Expenses	$48M
OPERATING INCOME	$59M
Interest Income	$2M
Interest Expense	$114.0K
Other Income/Expenses	$1M
INCOME BEFORE TAX	$61M
Income Tax Expense	$16M
Net Income from Continuing Ops	$44M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$44M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$44M
D&A	-$7M
EBIT	$59M
EBITDA	$66M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$44M
Depreciation & Amortization	$7M
Stock-Based Compensation	$10M
Deferred Income Tax	$471.0K
Other Non-Cash Items	$14.0K
Change in Working Capital	$7M
OPERATING CASH FLOW	$69M
Capital Expenditure	-$12M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$4M
NET CASH FROM INVESTING	-$15M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$20M
Other Financing Activities	$514.0K
NET CASH FROM FINANCING	-$20M
FREE CASH FLOW	$57M
Net Change in Cash	$32M

Balance Sheet

Item	Amount
Cash & Equivalents	$194M
Short-Term Investments	$703.0K
Net Receivables	$29M
Inventory	$44M
Other Current Assets	$19M
TOTAL CURRENT ASSETS	$290M
PP&E (Net)	$36M
Goodwill	$35M
Intangible Assets	$4M
Long-Term Investments	$133.0K
Tax Assets	$2M
Other Non-Current Assets	$2M
TOTAL NON-CURRENT ASSETS	$75M
TOTAL ASSETS	$366M
Account Payables	$14M
Short-Term Debt	$0
Deferred Revenue	$2M
Other Current Liabilities	$23M
TOTAL CURRENT LIABILITIES	$55M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$388.0K
Other Non-Current Liabilities	$6M
TOTAL NON-CURRENT LIABILITIES	$7M
TOTAL LIABILITIES	$62M
Common Stock	$1M
Additional Paid-In Capital	$191M
Retained Earnings	$109M
Treasury Stock	$0
Accum. Other Comp. Income	$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$304M
Minority Interest	$0
TOTAL EQUITY	$304M
TOTAL LIABILITIES & EQUITY	$366M
Total Debt	$0
Net Debt	-$194M