SIMO FY 2019 Earnings Report — Silicon Motion Technology Corporation Revenue & Financial Results | Market Cap Arena

Silicon Motion Technology CorporationSIMO

FY 2019 Earnings

Reported June 12, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$457M	—	—	—	—
Op. Income	$71M	—	—	—	—
Gross Margin	48.6%	—	—	—	—
Net Margin	14.1%	—	—	—	—
EPS (Diluted)	$1.83	—	—	—	—
Free Cash Flow	$67M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$457M
Cost of Revenue	$235M
GROSS PROFIT	$222M
R&D Expenses	$110M
Selling & Marketing	$25M
General & Administrative	$18M
SG&A Expenses	$43M
Other Expenses	$766.0K
Operating Expenses	$154M
Cost & Expenses	$389M
OPERATING INCOME	$71M
Interest Income	$7M
Interest Expense	$3.0K
Other Income/Expenses	$20M
INCOME BEFORE TAX	$72M
Income Tax Expense	$8M
Net Income from Continuing Ops	$64M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$64M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$64M
D&A	$13M
EBIT	$72M
EBITDA	$85M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$457M
Cost of Revenue	$235M
GROSS PROFIT	$222M
R&D Expenses	$110M
Selling & Marketing	$25M
General & Administrative	$18M
SG&A Expenses	$43M
Other Expenses	$766.0K
Operating Expenses	$154M
Cost & Expenses	$389M
OPERATING INCOME	$71M
Interest Income	$7M
Interest Expense	$3.0K
Other Income/Expenses	$20M
INCOME BEFORE TAX	$72M
Income Tax Expense	$8M
Net Income from Continuing Ops	$64M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$64M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$64M
D&A	$13M
EBIT	$72M
EBITDA	$85M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$64M
Depreciation & Amortization	$13M
Stock-Based Compensation	$15M
Deferred Income Tax	$1M
Other Non-Cash Items	$2M
Change in Working Capital	-$18M
OPERATING CASH FLOW	$77M
Capital Expenditure	-$10M
Acquisitions (Net)	$44M
Purchases of Investments	-$5M
Sales/Maturities of Investments	$46M
Other Investing Activities	-$39M
NET CASH FROM INVESTING	$35M
Net Debt Issuance	$0
Common Stock Repurchased	-$26M
Common Dividends Paid	-$44M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$70M
FREE CASH FLOW	$67M
Net Change in Cash	$41M

Balance Sheet

Item	Amount
Cash & Equivalents	$323M
Short-Term Investments	$2M
Net Receivables	$109M
Inventory	$88M
Other Current Assets	$34M
TOTAL CURRENT ASSETS	$565M
PP&E (Net)	$98M
Goodwill	$17M
Intangible Assets	$4M
Long-Term Investments	$3M
Tax Assets	$4M
Other Non-Current Assets	$10M
TOTAL NON-CURRENT ASSETS	$133M
TOTAL ASSETS	$698M
Account Payables	$31M
Short-Term Debt	$0
Deferred Revenue	$78M
Other Current Liabilities	$54M
TOTAL CURRENT LIABILITIES	$126M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$29M
TOTAL NON-CURRENT LIABILITIES	$35M
TOTAL LIABILITIES	$161M
Common Stock	$1M
Additional Paid-In Capital	$265M
Retained Earnings	$271M
Treasury Stock	$0
Accum. Other Comp. Income	-$785.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$537M
Minority Interest	$0
TOTAL EQUITY	$537M
TOTAL LIABILITIES & EQUITY	$698M
Total Debt	$3M
Net Debt	-$320M