Silicon Labs Announces Fourth Quarter 2017 Results

Note to editors: Silicon Laboratories, Silicon Labs, the "S" symbol, and the Silicon Labs logo are trademarks of Silicon Laboratories Inc. All other product names noted herein may be trademarks of their respective holders.

CONTACT: Jalene Hoover, +1 (512) 428-1610, Jalene.Hoover@silabs.com

 

Silicon Laboratories Inc.

Condensed Consolidated Statements of Income

(In thousands, except per share data)

(Unaudited)



Three Months Ended


Year Ended


December 30,
2017


December 31,
2016


December 30,
2017


December 31,
2016


Revenues

$201,018


$182,610


$768,867


$697,626


Cost of revenues

81,754


73,134


314,676


276,122


Gross margin

119,264


109,476


454,191


421,504


Operating expenses:









   Research and development

52,735


50,626


209,491


199,744


   Selling, general and administrative

40,139


38,767


159,726


155,483


Operating expenses

92,874


89,393


369,217


355,227


Operating income

26,390


20,083


84,974


66,277


Other income (expense):









   Interest income and other, net

1,963


357


6,057


806


   Interest expense

(4,863)


(648)


(14,128)


(2,587)


Income before income taxes

23,490


19,792


76,903


64,496


Provision (benefit) for income taxes

28,342


(317)


29,811


3,002











Net income (loss)

$   (4,852)


$  20,109


$  47,092


$  61,494











Earnings (loss) per share:









   Basic

$     (0.11)


$      0.48


$      1.11


$      1.47


   Diluted

$     (0.11)


$      0.47


$      1.09


$      1.45











Weighted-average common shares outstanding:









   Basic

42,656


41,850


42,446


41,713


   Diluted

42,656


42,728


43,332


42,376



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