Silicon Labs Announces Fourth Quarter 2018 Results

 

Unaudited Reconciliation of GAAP to Non-GAAP Financial Measures

(In thousands, except per share data)


Non-GAAP Income
Statement Items


Three Months Ended

December 29, 2018





GAAP

Measure


GAAP
Percent of
Revenue


Stock
Compensation
Expense


Intangible Asset
Amortization


Non-GAAP
Measure


Non-GAAP
Percent of
Revenue



Revenues


$215,534




























Gross margin


130,243


60.4%


$     323


$        --


$130,566


60.6%


















Research and

   development


62,933


29.2%


6,413


7,760


48,760


22.6%


















Selling, general and

   administrative


48,948


22.7%


6,447


3,020


39,481


18.4%


















Operating income


18,362


8.5%


13,183


10,780


42,325


19.6%

































Non-GAAP
Earnings Per Share


Three Months Ended

December 29, 2018



GAAP
Measure


Stock
Compensation
Expense*


Intangible
Asset
Amortization*


Termination Costs
and Fair Value
Adjustments *


Non-cash
Interest
Expense*


Income Tax
Adjustments


Non-GAAP
Measure

Net income


$15,145


$13,183


$10,780


$2,785


$2,880


$(4,777)


$39,996
















Diluted shares

   outstanding


43,774












43,774
















Diluted earnings

   per share


$    0.35












$    0.91


* Represents pre-tax amounts


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