SIMO FY 2016 Earnings Report — Silicon Motion Technology Corporation Revenue & Financial Results | Market Cap Arena

Silicon Motion Technology CorporationSIMO

FY 2016 Earnings

Reported April 28, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$556M	—	$361M	—	53.9%
Op. Income	$137M	—	$77M	—	78.7%
Gross Margin	49.4%	—	51.1%	—	-1.7pp
Net Margin	19.9%	—	16.7%	—	3.3pp
EPS (Diluted)	$3.12	—	$1.73	—	80.3%
Free Cash Flow	$113M	—	$42M	—	168.1%

Revenue Flow

Item	Amount
REVENUE	$556M
Cost of Revenue	$282M
GROSS PROFIT	$275M
R&D Expenses	$92M
Selling & Marketing	$26M
General & Administrative	$17M
SG&A Expenses	$43M
Other Expenses	$42.0K
Operating Expenses	-$138M
Cost & Expenses	$144M
OPERATING INCOME	$137M
Interest Income	$2M
Interest Expense	$127.0K
Other Income/Expenses	$1M
INCOME BEFORE TAX	$139M
Income Tax Expense	$28M
Net Income from Continuing Ops	$111M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$111M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$111M
D&A	$9M
EBIT	$139M
EBITDA	$149M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$556M
Cost of Revenue	$282M
GROSS PROFIT	$275M
R&D Expenses	$92M
Selling & Marketing	$26M
General & Administrative	$17M
SG&A Expenses	$43M
Other Expenses	$42.0K
Operating Expenses	-$138M
Cost & Expenses	$144M
OPERATING INCOME	$137M
Interest Income	$2M
Interest Expense	$127.0K
Other Income/Expenses	$1M
INCOME BEFORE TAX	$139M
Income Tax Expense	$28M
Net Income from Continuing Ops	$111M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$111M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$111M
D&A	$9M
EBIT	$139M
EBITDA	$149M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$111M
Depreciation & Amortization	$12M
Stock-Based Compensation	$17M
Deferred Income Tax	-$3M
Other Non-Cash Items	$44.0K
Change in Working Capital	-$11M
OPERATING CASH FLOW	$126M
Capital Expenditure	-$12M
Acquisitions (Net)	-$30M
Purchases of Investments	$35M
Sales/Maturities of Investments	$4M
Other Investing Activities	-$5M
NET CASH FROM INVESTING	-$8M
Net Debt Issuance	$25M
Common Stock Repurchased	$0
Common Dividends Paid	-$23M
Other Financing Activities	$0
NET CASH FROM FINANCING	$2M
FREE CASH FLOW	$113M
Net Change in Cash	$119M

Balance Sheet

Item	Amount
Cash & Equivalents	$274M
Short-Term Investments	$3M
Net Receivables	$74M
Inventory	$72M
Other Current Assets	$48M
TOTAL CURRENT ASSETS	$477M
PP&E (Net)	$48M
Goodwill	$69M
Intangible Assets	$5M
Long-Term Investments	$120.0K
Tax Assets	$4M
Other Non-Current Assets	$3M
TOTAL NON-CURRENT ASSETS	$129M
TOTAL ASSETS	$606M
Account Payables	$32M
Short-Term Debt	$25M
Deferred Revenue	$4M
Other Current Liabilities	$49M
TOTAL CURRENT LIABILITIES	$146M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$17M
TOTAL NON-CURRENT LIABILITIES	$17M
TOTAL LIABILITIES	$163M
Common Stock	$1M
Additional Paid-In Capital	$227M
Retained Earnings	$216M
Treasury Stock	$0
Accum. Other Comp. Income	-$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$443M
Minority Interest	$0
TOTAL EQUITY	$443M
TOTAL LIABILITIES & EQUITY	$606M
Total Debt	$25M
Net Debt	-$249M