SLAB FY 2009 Earnings Report — Silicon Laboratories Inc. Revenue & Financial Results | Market Cap Arena

Silicon Laboratories Inc.SLAB

FY 2009 Earnings

Reported February 10, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$441M	—	$416M	—	6.1%
Op. Income	$67M	—	$44M	—	52.4%
Gross Margin	63.4%	—	61.5%	—	1.9pp
Net Margin	16.6%	—	7.9%	—	8.6pp
EPS (Diluted)	$1.57	—	$0.67	—	134.3%
Free Cash Flow	$112M	—	$107M	—	4.5%

Revenue Flow

Item	Amount
REVENUE	$441M
Cost of Revenue	$161M
GROSS PROFIT	$280M
R&D Expenses	$104M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$109M
Other Expenses	$0
Operating Expenses	$213M
Cost & Expenses	$375M
OPERATING INCOME	$67M
Interest Income	$3M
Interest Expense	$180.0K
Other Income/Expenses	$2M
INCOME BEFORE TAX	$69M
Income Tax Expense	-$4M
Net Income from Continuing Ops	$73M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$73M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$73M
D&A	$20M
EBIT	$69M
EBITDA	$89M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$441M
Cost of Revenue	$161M
GROSS PROFIT	$280M
R&D Expenses	$104M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$109M
Other Expenses	$0
Operating Expenses	$213M
Cost & Expenses	$375M
OPERATING INCOME	$67M
Interest Income	$3M
Interest Expense	$180.0K
Other Income/Expenses	$2M
INCOME BEFORE TAX	$69M
Income Tax Expense	-$4M
Net Income from Continuing Ops	$73M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$73M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$73M
D&A	$20M
EBIT	$69M
EBITDA	$89M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$73M
Depreciation & Amortization	$20M
Stock-Based Compensation	$44M
Deferred Income Tax	$2M
Other Non-Cash Items	$593.0K
Change in Working Capital	-$18M
OPERATING CASH FLOW	$121M
Capital Expenditure	-$9M
Acquisitions (Net)	-$4M
Purchases of Investments	-$238M
Sales/Maturities of Investments	$153M
Other Investing Activities	-$6M
NET CASH FROM INVESTING	-$104M
Net Debt Issuance	$0
Common Stock Repurchased	-$20M
Common Dividends Paid	$0
Other Financing Activities	$2M
NET CASH FROM FINANCING	$7M
FREE CASH FLOW	$112M
Net Change in Cash	$23M

Balance Sheet

Item	Amount
Cash & Equivalents	$196M
Short-Term Investments	$214M
Net Receivables	$56M
Inventory	$32M
Other Current Assets	$8M
TOTAL CURRENT ASSETS	$524M
PP&E (Net)	$28M
Goodwill	$105M
Intangible Assets	$42M
Long-Term Investments	$25M
Tax Assets	$8M
Other Non-Current Assets	$12M
TOTAL NON-CURRENT ASSETS	$219M
TOTAL ASSETS	$743M
Account Payables	$29M
Short-Term Debt	$0
Deferred Revenue	$28M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$89M
Long-Term Debt	$24M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$24M
TOTAL LIABILITIES	$113M
Common Stock	$5.0K
Additional Paid-In Capital	$128M
Retained Earnings	$506M
Treasury Stock	$0
Accum. Other Comp. Income	-$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$630M
Minority Interest	$0
TOTAL EQUITY	$630M
TOTAL LIABILITIES & EQUITY	$743M
Total Debt	$24M
Net Debt	-$171M