Recent news releases, annual reports and SEC filings are available at the Company's website: http://www.diodes.com. Written requests may be sent directly to the Company, or they may be e-mailed to: diodes-fin@diodes.com.
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DIODES INCORPORATED AND SUBSIDIARIES |
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CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS |
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(unaudited) |
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(in thousands, except per share data) |
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| Three Months Ended | |||||||||||
| March 31, | |||||||||||
| 2015 | 2014 | ||||||||||
| NET SALES | $ | 206,182 | $ | 209,986 | |||||||
| COST OF GOODS SOLD | 142,269 | 148,405 | |||||||||
| Gross profit | 63,913 | 61,581 | |||||||||
| OPERATING EXPENSES | |||||||||||
| Selling, general and administrative | 31,731 | 32,330 | |||||||||
| Research and development | 13,309 | 12,920 | |||||||||
| Amortization of acquisition related intangible assets | 1,922 | 1,981 | |||||||||
| Loss (gain) on fixed assets | 48 | 7 | |||||||||
| Total operating expenses | 47,010 | 47,238 | |||||||||
| Income from operations | 16,903 | 14,343 | |||||||||
| OTHER INCOME (EXPENSES) | |||||||||||
| Interest income | 298 | 397 | |||||||||
| Interest expense | (1,064 | ) | (1,260 | ) | |||||||
| Gain (loss) on securities carried at fair value | 71 | (256 | ) | ||||||||
| Other | (244 | ) | (231 | ) | |||||||
| Total other expenses | (939 | ) | (1,350 | ) | |||||||
| Income before income taxes and noncontrolling interest | 15,964 | 12,993 | |||||||||
| INCOME TAX PROVISION | 4,187 | 2,547 | |||||||||
| NET INCOME | 11,777 | 10,446 | |||||||||
| Less: NET INCOME attributable to noncontrolling interest | (645 | ) | (244 | ) | |||||||
| NET INCOME attributable to common stockholders | $ | 11,132 | $ | 10,202 | |||||||
| EARNINGS PER SHARE attributable to common stockholders | |||||||||||
| Basic | $ | 0.23 | $ | 0.22 | |||||||
| Diluted | $ | 0.23 | $ | 0.21 | |||||||
| Number of shares used in computation | |||||||||||
| Basic | 47,667 | 46,699 | |||||||||
| Diluted | 48,978 | 47,996 | |||||||||
Note: Throughout this release, we refer to “net income attributable to
common stockholders” as “net income.”
