SIMO FY 2021 Earnings Report — Silicon Motion Technology Corporation Revenue & Financial Results | Market Cap Arena

Silicon Motion Technology CorporationSIMO

FY 2021 Earnings

Reported April 25, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$922M	—	$540M	—	70.9%
Op. Income	$246M	—	$115M	—	113.6%
Gross Margin	50.0%	—	48.2%	—	1.8pp
Net Margin	21.7%	—	14.8%	—	6.9pp
EPS (Diluted)	$5.73	—	$2.28	—	151.3%
Free Cash Flow	$150M	—	$97M	—	54.5%

Revenue Flow

Item	Amount
REVENUE	$922M
Cost of Revenue	$461M
GROSS PROFIT	$461M
R&D Expenses	$164M
Selling & Marketing	$29M
General & Administrative	$22M
SG&A Expenses	$51M
Other Expenses	-$77.0K
Operating Expenses	$215M
Cost & Expenses	$676M
OPERATING INCOME	$246M
Interest Income	$1M
Interest Expense	$0
Other Income/Expenses	$1M
INCOME BEFORE TAX	$247M
Income Tax Expense	$47M
Net Income from Continuing Ops	$200M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$200M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$200M
D&A	$17M
EBIT	$247M
EBITDA	$264M
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$922M
Cost of Revenue	$461M
GROSS PROFIT	$461M
R&D Expenses	$164M
Selling & Marketing	$29M
General & Administrative	$22M
SG&A Expenses	$51M
Other Expenses	-$77.0K
Operating Expenses	$215M
Cost & Expenses	$676M
OPERATING INCOME	$246M
Interest Income	$1M
Interest Expense	$0
Other Income/Expenses	$1M
INCOME BEFORE TAX	$247M
Income Tax Expense	$47M
Net Income from Continuing Ops	$200M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$200M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$200M
D&A	$17M
EBIT	$247M
EBITDA	$264M
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$200M
Depreciation & Amortization	$17M
Stock-Based Compensation	$20M
Deferred Income Tax	-$2M
Other Non-Cash Items	$2M
Change in Working Capital	-$60M
OPERATING CASH FLOW	$177M
Capital Expenditure	-$27M
Acquisitions (Net)	$0
Purchases of Investments	-$4M
Sales/Maturities of Investments	$0
Other Investing Activities	-$4M
NET CASH FROM INVESTING	-$30M
Net Debt Issuance	$0
Common Stock Repurchased	-$46M
Common Dividends Paid	-$54M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$100M
FREE CASH FLOW	$150M
Net Change in Cash	$46M

Balance Sheet

Item	Amount
Cash & Equivalents	$360M
Short-Term Investments	$0
Net Receivables	$209M
Inventory	$163M
Other Current Assets	$49M
TOTAL CURRENT ASSETS	$818M
PP&E (Net)	$124M
Goodwill	-$13M
Intangible Assets	$6M
Long-Term Investments	$9M
Tax Assets	$6M
Other Non-Current Assets	$20M
TOTAL NON-CURRENT ASSETS	$153M
TOTAL ASSETS	$971M
Account Payables	$81M
Short-Term Debt	$0
Deferred Revenue	$6M
Other Current Liabilities	$117M
TOTAL CURRENT LIABILITIES	$282M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$32M
TOTAL NON-CURRENT LIABILITIES	$32M
TOTAL LIABILITIES	$314M
Common Stock	$1M
Additional Paid-In Capital	$295M
Retained Earnings	$412M
Treasury Stock	-$50M
Accum. Other Comp. Income	-$540.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$658M
Minority Interest	$0
TOTAL EQUITY	$658M
TOTAL LIABILITIES & EQUITY	$971M
Total Debt	$3M
Net Debt	-$357M