SIMO FY 2020 Earnings Report — Silicon Motion Technology Corporation Revenue & Financial Results | Market Cap Arena

Silicon Motion Technology CorporationSIMO

FY 2020 Earnings

Reported May 12, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$540M	—	$457M	—	18.0%
Op. Income	$115M	—	$71M	—	61.4%
Gross Margin	48.2%	—	48.6%	—	-0.4pp
Net Margin	14.8%	—	14.1%	—	0.7pp
EPS (Diluted)	$2.28	—	$1.83	—	24.6%
Free Cash Flow	$97M	—	$67M	—	45.6%

Revenue Flow

Item	Amount
REVENUE	$540M
Cost of Revenue	$279M
GROSS PROFIT	$260M
R&D Expenses	$122M
Selling & Marketing	$25M
General & Administrative	$16M
SG&A Expenses	$40M
Other Expenses	$133.0K
Operating Expenses	$162M
Cost & Expenses	$442M
OPERATING INCOME	$115M
Interest Income	$5M
Interest Expense	$0
Other Income/Expenses	$5M
INCOME BEFORE TAX	$86M
Income Tax Expense	$6M
Net Income from Continuing Ops	$80M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$80M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$80M
D&A	$14M
EBIT	$86M
EBITDA	$99M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$540M
Cost of Revenue	$279M
GROSS PROFIT	$260M
R&D Expenses	$122M
Selling & Marketing	$25M
General & Administrative	$16M
SG&A Expenses	$40M
Other Expenses	$133.0K
Operating Expenses	$162M
Cost & Expenses	$442M
OPERATING INCOME	$115M
Interest Income	$5M
Interest Expense	$0
Other Income/Expenses	$5M
INCOME BEFORE TAX	$86M
Income Tax Expense	$6M
Net Income from Continuing Ops	$80M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$80M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$80M
D&A	$14M
EBIT	$86M
EBITDA	$99M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$80M
Depreciation & Amortization	$14M
Stock-Based Compensation	$15M
Deferred Income Tax	-$667.0K
Other Non-Cash Items	$19M
Change in Working Capital	-$10M
OPERATING CASH FLOW	$116M
Capital Expenditure	-$19M
Acquisitions (Net)	-$46M
Purchases of Investments	-$2M
Sales/Maturities of Investments	$2M
Other Investing Activities	$44M
NET CASH FROM INVESTING	-$21M
Net Debt Issuance	$0
Common Stock Repurchased	-$25M
Common Dividends Paid	-$49M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$74M
FREE CASH FLOW	$97M
Net Change in Cash	$21M

Balance Sheet

Item	Amount
Cash & Equivalents	$343M
Short-Term Investments	$0
Net Receivables	$116M
Inventory	$110M
Other Current Assets	$35M
TOTAL CURRENT ASSETS	$618M
PP&E (Net)	$112M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$5M
Tax Assets	$5M
Other Non-Current Assets	$2M
TOTAL NON-CURRENT ASSETS	$124M
TOTAL ASSETS	$742M
Account Payables	$45M
Short-Term Debt	$0
Deferred Revenue	$5M
Other Current Liabilities	$54M
TOTAL CURRENT LIABILITIES	$159M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$26M
TOTAL NON-CURRENT LIABILITIES	$26M
TOTAL LIABILITIES	$184M
Common Stock	$1M
Additional Paid-In Capital	$275M
Retained Earnings	$282M
Treasury Stock	$0
Accum. Other Comp. Income	-$349.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$558M
Minority Interest	$0
TOTAL EQUITY	$558M
TOTAL LIABILITIES & EQUITY	$742M
Total Debt	$3M
Net Debt	-$340M