Alpha & Omega Semiconductor (AOSL) FY2019 results: revenue $451 million, up 7.0% on the year
Alpha & Omega Semiconductor Ltd. (AOSL) reported revenue of $451 million for fiscal 2019, the year ended 30 June 2019, up 7.0% on the year before. Net income was $2 million, down 87.0%, and diluted earnings per share $0.08. The figures are the company's own, from the 10-K it filed with the SEC on 23 August 2019.
Revenue
$451 million
+7.0% on the year
FY2012FY2019
Operating margin
-1.6%
2.0% a year earlier
FY2012FY2019
Net income
$2 million
-87.0% on the year
FY2012FY2019
Diluted EPS
$0.08
-86.0% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
451
422
383
+7.0%
Cost of revenue
336
310
292
+8.4%
Gross profit
115
112
91.8
+3.1%
Gross margin
25.6%
26.6%
24.0%
Research and development
46.4
37.3
29.8
+24.3%
Selling, general and administrative
76.0
66.2
48.8
+14.8%
Operating income
-7.0
8.4
13.1
Operating margin
-1.6%
2.0%
3.4%
Interest expense
6.9
0.8
0.1
+741.0%
Pre-tax income
-13.4
5.7
12.9
Income tax
1.3
0.7
3.7
+77.4%
Effective tax rate
n/a
12.5%
28.3%
Net income
1.9
14.3
13.8
-87.0%
Net margin
0.4%
3.4%
3.6%
Diluted EPS
$0.08
$0.57
$0.56
-86.0%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
31.4
3.5
42.6
+802.9%
Cash from investing
-112
-194
-55.6
Cash from financing
75.1
207
40.8
-63.7%
Depreciation and amortisation
32.0
29.4
27.2
+8.9%
Share-based compensation
13.2
11.4
6.6
+15.5%
Buybacks
1.5
15.1
0.0
-90.1%
Dividend per share
$0.00
$0.00
$0.00
Diluted shares, weighted
25m
25m
25m
-0.6%
Shares outstanding at period end
25m
24m
24m
+2.8%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
291
279
271
+4.5%
Non-controlling interest
152
148
27.8
+3.2%
Debt
86.0
87.4
0.0
-1.6%
Operating lease liabilities
0.0
n/a
n/a
Finance lease liabilities
43.4
n/a
n/a
Other liabilities
167
153
99.9
+8.6%
Total liabilities and equity
739
667
398
+10.8%
Fixed assets
410
332
148
+23.5%
Goodwill
0.3
0.3
0.3
0.0%
Intangible assets
16.6
16.3
0.0
+1.8%
Cash and equivalents
122
132
116
-7.3%
Receivables
24.3
33.8
28.4
-28.0%
Inventory
112
90.2
76.3
+23.8%
Other assets
54.9
63.3
29.5
-13.2%
Total assets
739
667
398
+10.8%
10-K for the year ended 30 June 2019, filed 23 August 2019: the filing.