SIMO FY 2017 Earnings Report — Silicon Motion Technology Corporation Revenue & Financial Results | Market Cap Arena

Silicon Motion Technology CorporationSIMO

FY 2017 Earnings

Reported April 30, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$523M	—	$556M	—	-5.9%
Op. Income	$104M	—	$137M	—	-24.4%
Gross Margin	48.0%	—	49.4%	—	-1.4pp
Net Margin	14.3%	—	19.9%	—	-5.6pp
EPS (Diluted)	$2.09	—	$3.12	—	-33.0%
Free Cash Flow	$92M	—	$113M	—	-18.7%

Revenue Flow

Item	Amount
REVENUE	$523M
Cost of Revenue	$272M
GROSS PROFIT	$251M
R&D Expenses	$102M
Selling & Marketing	$26M
General & Administrative	$17M
SG&A Expenses	$43M
Other Expenses	$84.0K
Operating Expenses	-$156M
Cost & Expenses	$116M
OPERATING INCOME	$104M
Interest Income	$4M
Interest Expense	$423.0K
Other Income/Expenses	$4M
INCOME BEFORE TAX	$99M
Income Tax Expense	$24M
Net Income from Continuing Ops	$75M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$75M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$75M
D&A	$13M
EBIT	$99M
EBITDA	$117M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$523M
Cost of Revenue	$272M
GROSS PROFIT	$251M
R&D Expenses	$102M
Selling & Marketing	$26M
General & Administrative	$17M
SG&A Expenses	$43M
Other Expenses	$84.0K
Operating Expenses	-$156M
Cost & Expenses	$116M
OPERATING INCOME	$104M
Interest Income	$4M
Interest Expense	$423.0K
Other Income/Expenses	$4M
INCOME BEFORE TAX	$99M
Income Tax Expense	$24M
Net Income from Continuing Ops	$75M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$75M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$75M
D&A	$13M
EBIT	$99M
EBITDA	$117M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$75M
Depreciation & Amortization	$13M
Stock-Based Compensation	$15M
Deferred Income Tax	$581.0K
Other Non-Cash Items	$8M
Change in Working Capital	-$9M
OPERATING CASH FLOW	$104M
Capital Expenditure	-$12M
Acquisitions (Net)	-$3M
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	-$32M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$32M
FREE CASH FLOW	$92M
Net Change in Cash	$60M

Balance Sheet

Item	Amount
Cash & Equivalents	$359M
Short-Term Investments	$7M
Net Receivables	$79M
Inventory	$94M
Other Current Assets	$20M
TOTAL CURRENT ASSETS	$569M
PP&E (Net)	$51M
Goodwill	$59M
Intangible Assets	$7M
Long-Term Investments	-$3M
Tax Assets	$3M
Other Non-Current Assets	$7M
TOTAL NON-CURRENT ASSETS	$125M
TOTAL ASSETS	$694M
Account Payables	$56M
Short-Term Debt	$25M
Deferred Revenue	$3M
Other Current Liabilities	$55M
TOTAL CURRENT LIABILITIES	$177M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$22M
TOTAL NON-CURRENT LIABILITIES	$22M
TOTAL LIABILITIES	$200M
Common Stock	$1M
Additional Paid-In Capital	$242M
Retained Earnings	$247M
Treasury Stock	$0
Accum. Other Comp. Income	$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$494M
Minority Interest	$0
TOTAL EQUITY	$494M
TOTAL LIABILITIES & EQUITY	$694M
Total Debt	$25M
Net Debt	-$334M