Diodes (DIOD) FY2013 results: revenue $827 million, up 30.5% on the year
Diodes Inc. (DIOD) reported revenue of $827 million for fiscal 2013, the year ended 31 December 2013, up 30.5% on the year before. Net income was $27 million, up 9.9%, and diluted earnings per share $0.56. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2014.
Revenue
$827 million
+30.5% on the year
FY2008FY2013
Operating margin
5.1%
3.9% a year earlier
FY2008FY2013
Net income
$27 million
+9.9% on the year
FY2008FY2013
Diluted EPS
$0.56
+9.8% on the year
FY2008FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
827
634
635
+30.5%
Cost of revenue
589
472
442
+24.7%
Gross profit
238
162
194
+47.2%
Gross margin
28.8%
25.5%
30.5%
Research and development
48.3
33.8
27.2
+43.1%
Selling, general and administrative
132
101
90.0
+30.3%
Operating income
42.3
24.9
72.0
+69.8%
Operating margin
5.1%
3.9%
11.3%
Interest expense
5.6
0.9
3.1
+537.0%
Pre-tax income
38.6
30.8
63.7
+25.2%
Income tax
14.5
4.8
10.2
+200.1%
Effective tax rate
37.5%
15.7%
16.0%
Net income
26.5
24.2
50.7
+9.9%
Net margin
3.2%
3.8%
8.0%
Diluted EPS
$0.56
$0.51
$1.09
+9.8%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
110
64.2
61.6
+71.1%
Capital expenditure
47.1
58.2
n/a
-19.1%
Free cash flow
62.8
6.1
n/a
+937.8%
Free cash flow margin
7.6%
1.0%
n/a
Cash from investing
-186
-77.4
-98.3
Cash from financing
112
38.5
-108
+191.5%
Depreciation and amortisation
73.6
64.2
61.4
+14.7%
Share-based compensation
13.6
14.4
13.7
-5.9%
Diluted shares, weighted
48m
47m
47m
+1.6%
Shares outstanding at period end
47m
46m
45m
+1.5%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
703
677
634
+3.8%
Non-controlling interest
40.9
43.3
15.0
-5.4%
Debt
189
51.8
10.9
+264.4%
Other liabilities
230
148
133
+55.5%
Total liabilities and equity
1,162
920
793
+26.3%
Fixed assets
322
243
225
+32.4%
Goodwill
84.7
87.4
67.8
-3.0%
Intangible assets
53.6
44.3
24.2
+20.8%
Investments
22.9
0.0
n/a
Trading assets
5.6
n/a
n/a
Cash and equivalents
197
157
130
+25.1%
Receivables
192
152
132
+26.4%
Inventory
180
153
140
+17.7%
Other assets
104
82.6
73.4
+26.1%
Total assets
1,162
920
793
+26.3%
10-K for the year ended 31 December 2013, filed 27 February 2014: the filing.