Alpha & Omega Semiconductor (AOSL) FY2018 results: revenue $422 million, up 10.0% on the year
Alpha & Omega Semiconductor Ltd. (AOSL) reported revenue of $422 million for fiscal 2018, the year ended 30 June 2018, up 10.0% on the year before. Net income was $14 million, up 3.1%, and diluted earnings per share $0.57. The figures are the company's own, from the 10-K it filed with the SEC on 23 August 2019.
Revenue
$422 million
+10.0% on the year
FY2011FY2018
Operating margin
2.0%
3.4% a year earlier
FY2011FY2018
Net income
$14 million
+3.1% on the year
FY2011FY2018
Diluted EPS
$0.57
+1.8% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
422
383
336
+10.0%
Cost of revenue
310
292
270
+6.2%
Gross profit
112
91.8
65.8
+21.9%
Gross margin
26.6%
24.0%
19.6%
Research and development
37.3
29.8
26.0
+25.2%
Selling, general and administrative
66.2
48.8
37.9
+35.5%
Operating income
8.4
13.1
1.5
-35.9%
Operating margin
2.0%
3.4%
0.4%
Interest expense
0.8
0.1
0.0
+802.2%
Pre-tax income
5.7
12.9
1.0
-56.2%
Income tax
0.7
3.7
4.0
-80.6%
Effective tax rate
12.5%
28.3%
406.6%
Net income
14.3
13.8
-2.9
+3.1%
Net margin
3.4%
3.6%
-0.9%
Diluted EPS
$0.57
$0.56
-$0.13
+1.8%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
3.5
42.6
40.2
-91.8%
Capital expenditure
n/a
n/a
21.9
Free cash flow
n/a
n/a
18.3
Free cash flow margin
n/a
n/a
5.4%
Cash from investing
-194
-55.6
-21.7
Cash from financing
207
40.8
-36.7
+407.1%
Depreciation and amortisation
29.4
27.2
27.3
+8.2%
Share-based compensation
11.4
6.6
4.3
+72.0%
Buybacks
15.1
0.0
42.1
Dividend per share
$0.00
$0.00
$0.00
Diluted shares, weighted
25m
25m
22m
+0.1%
Shares outstanding at period end
24m
24m
23m
-0.6%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
279
271
242
+2.9%
Non-controlling interest
148
27.8
-0.1
+431.2%
Debt
87.4
0.0
1.7
Other liabilities
153
99.9
74.8
+53.7%
Total liabilities and equity
667
398
319
+67.4%
Fixed assets
332
148
116
+123.8%
Goodwill
0.3
0.3
0.3
-10.3%
Intangible assets
16.3
0.0
0.0
+125,453.8%
Cash and equivalents
132
116
87.8
+13.7%
Receivables
33.8
28.4
26.6
+18.8%
Inventory
90.2
76.3
68.8
+18.3%
Other assets
63.3
29.5
18.9
+114.4%
Total assets
667
398
319
+67.4%
10-K for the year ended 30 June 2018, filed 23 August 2019: the filing.