Silicon Motion Announces Results for the Period Ended December 31, 2015


Silicon Motion Technology Corporation 
Reconciliation of GAAP to Non-GAAP Operating Results 
(in thousands, except percentages and per ADS data, unaudited) 
 
  For the Year Ended 
  Dec. 31, Dec. 31, 
   2014   2015  
  ( $) ( $) 
GAAP net income 44,467  60,280  
Stock-based compensation:   
Cost of sales 282  261  
Research and development 6,760  6,591  
Sales and marketing 1,740  1,801  
General and administrative 1,542  1,811  
Total stock-based compensation 10,324  10,464  
    
Non-recurring items:   
Litigation expenses 190  104  
Acquisition costs 30  358  
Amortization of   intangibles assets -  1,052  
Foreign exchange loss (gain), net 3,499  1,812  
    
Non-GAAP net income 58,510  74,070  
    
Shares used in computing non-GAAP diluted earnings per ADS 34,377  35,067  
    
Non-GAAP diluted earnings per ADS$1.70 $2.11  
    
Non-GAAP gross margin 51.8% 51.2% 
Non-GAAP operating margin 24.1% 24.5% 


 
Silicon Motion Technology Corporation
Consolidated Balance Sheet 
 (In thousands, unaudited)
 
  Dec. 31,  Sep. 30,   Dec. 31,
  2014   2015   2015
    ( US$ )     ( $ )     ( $ )
Cash and cash equivalents 194,211   182,984   180,519
Short-term investments 703   679   4,681
Accounts receivable (net) 28,742   56,432   58,963
Inventories 44,076   50,176   47,110
Refundable deposits - current 19,322   19,531   19,328
Prepaid expenses and other current assets 3,386   4,244   4,578
Total current assets 290,440   314,046   315,179
           
Long-term investments 133   133   133
Property and equipment (net) 35,537   38,322   50,469
Goodwill and intangible assets(net) 35,467   76,528   75,990
Other assets 4,957   3,945   3,859
Total assets 366,534   432,974   445,630
           
Accounts payable 14,246   14,077   22,766
Income tax payable 17,696   21,791   13,099
Accrued expenses and other current liabilities 24,125   41,887   42,165
Total current liabilities 56,067   77,755   78,030
Other liabilities 6,367   8,338   7,376
Total liabilities 62,434   86,093   85,406
Shareholders’ equity 304,100   346,881   360,224
Total liabilities & shareholders’ equity 366,534   432,974   445,630
           

About Silicon Motion:

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8  Next Page »



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us
ShareCG™ is a trademark of Internet Business Systems, Inc.

Report a Bug Report Abuse Make a Suggestion About Privacy Policy Contact Us User Agreement Advertise