Alpha & Omega Semiconductor (AOSL) FY2021 results: revenue $657 million, up 41.3% on the year
Alpha & Omega Semiconductor Ltd. (AOSL) reported revenue of $657 million for fiscal 2021, the year ended 30 June 2021, up 41.3% on the year before. Net income was $58 million, and diluted earnings per share $2.13. The figures are the company's own, from the 10-K it filed with the SEC on 30 August 2021.
Revenue
$657 million
+41.3% on the year
FY2014FY2021
Operating margin
9.8%
-3.0% a year earlier
FY2014FY2021
Net income
$58 million
FY2014FY2021
Diluted EPS
$2.13
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Revenue
657
465
451
+41.3%
Cost of revenue
452
362
336
+24.9%
Gross profit
205
103
115
+99.1%
Gross margin
31.1%
22.1%
25.6%
Research and development
63.0
51.3
46.4
+22.8%
Selling, general and administrative
77.5
64.8
76.0
+19.6%
Operating income
64.1
-13.9
-7.0
Operating margin
9.8%
-3.0%
-1.6%
Interest expense
n/a
n/a
6.9
Pre-tax income
60.2
-17.9
-13.4
Income tax
3.9
0.3
1.3
+1,030.7%
Effective tax rate
6.5%
n/a
n/a
Net income
58.1
-6.6
1.9
Net margin
8.8%
-1.4%
0.4%
Diluted EPS
$2.13
-$0.27
$0.08
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
129
62.3
31.4
+106.6%
Capital expenditure
72.7
62.4
n/a
+16.5%
Free cash flow
56.0
-0.1
n/a
Free cash flow margin
8.5%
-0.0%
n/a
Cash from investing
-72.5
-60.8
-112
Cash from financing
-19.0
37.7
75.1
Depreciation and amortisation
52.7
45.1
32.0
+16.8%
Share-based compensation
15.3
10.5
13.2
+46.6%
Buybacks
0.0
0.0
1.5
Dividend per share
$0.00
$0.00
$0.00
Diluted shares, weighted
27m
25m
25m
+9.8%
Shares outstanding at period end
26m
25m
25m
+4.1%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
373
294
291
+27.1%
Non-controlling interest
143
138
152
+3.6%
Debt
137
130
86.0
+5.4%
Operating lease liabilities
30.4
30.3
0.0
+0.6%
Finance lease liabilities
12.7
26.8
43.4
-52.7%
Other liabilities
222
174
167
+27.6%
Total liabilities and equity
919
793
739
+15.8%
Fixed assets
437
412
410
+6.0%
Goodwill
0.3
0.3
0.3
0.0%
Intangible assets
13.1
16.5
16.6
-20.4%
Cash and equivalents
202
159
122
+27.7%
Receivables
35.8
13.3
24.3
+169.7%
Inventory
154
136
112
+13.8%
Other assets
75.7
56.5
54.9
+34.0%
Total assets
919
793
739
+15.8%
10-K for the year ended 30 June 2021, filed 30 August 2021: the filing.