SLAB FY 2010 Earnings Report — Silicon Laboratories Inc. Revenue & Financial Results | Market Cap Arena

Silicon Laboratories Inc.SLAB

FY 2010 Earnings

Reported February 10, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$493M	—	$441M	—	11.9%
Op. Income	$87M	—	$67M	—	30.3%
Gross Margin	65.7%	—	63.4%	—	2.3pp
Net Margin	14.8%	—	16.6%	—	-1.7pp
EPS (Diluted)	$1.57	—	$1.57	—	0.0%
Free Cash Flow	$104M	—	$112M	—	-7.1%

Revenue Flow

Item	Amount
REVENUE	$493M
Cost of Revenue	$169M
GROSS PROFIT	$324M
R&D Expenses	$124M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$114M
Other Expenses	$0
Operating Expenses	$238M
Cost & Expenses	$407M
OPERATING INCOME	$87M
Interest Income	$2M
Interest Expense	$77.0K
Other Income/Expenses	$988.0K
INCOME BEFORE TAX	$88M
Income Tax Expense	$14M
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	$19M
EBIT	$88M
EBITDA	$107M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$493M
Cost of Revenue	$169M
GROSS PROFIT	$324M
R&D Expenses	$124M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$114M
Other Expenses	$0
Operating Expenses	$238M
Cost & Expenses	$407M
OPERATING INCOME	$87M
Interest Income	$2M
Interest Expense	$77.0K
Other Income/Expenses	$988.0K
INCOME BEFORE TAX	$88M
Income Tax Expense	$14M
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	$19M
EBIT	$88M
EBITDA	$107M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$73M
Depreciation & Amortization	$19M
Stock-Based Compensation	$40M
Deferred Income Tax	-$552.0K
Other Non-Cash Items	$904.0K
Change in Working Capital	-$15M
OPERATING CASH FLOW	$118M
Capital Expenditure	-$14M
Acquisitions (Net)	-$28M
Purchases of Investments	-$358M
Sales/Maturities of Investments	$353M
Other Investing Activities	-$8M
NET CASH FROM INVESTING	-$55M
Net Debt Issuance	$0
Common Stock Repurchased	-$140M
Common Dividends Paid	$0
Other Financing Activities	$2M
NET CASH FROM FINANCING	-$120M
FREE CASH FLOW	$104M
Net Change in Cash	-$57M

Balance Sheet

Item	Amount
Cash & Equivalents	$139M
Short-Term Investments	$227M
Net Receivables	$45M
Inventory	$39M
Other Current Assets	$9M
TOTAL CURRENT ASSETS	$494M
PP&E (Net)	$30M
Goodwill	$112M
Intangible Assets	$53M
Long-Term Investments	$18M
Tax Assets	$9M
Other Non-Current Assets	$12M
TOTAL NON-CURRENT ASSETS	$234M
TOTAL ASSETS	$728M
Account Payables	$24M
Short-Term Debt	$0
Deferred Revenue	$26M
Other Current Liabilities	$15M
TOTAL CURRENT LIABILITIES	$80M
Long-Term Debt	$22M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$22M
TOTAL LIABILITIES	$102M
Common Stock	$4.0K
Additional Paid-In Capital	$50M
Retained Earnings	$579M
Treasury Stock	$0
Accum. Other Comp. Income	-$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$625M
Minority Interest	$0
TOTAL EQUITY	$625M
TOTAL LIABILITIES & EQUITY	$728M
Total Debt	$22M
Net Debt	-$116M