Diodes (DIOD) FY2014 results: revenue $891 million, up 7.7% on the year
Diodes Inc. (DIOD) reported revenue of $891 million for fiscal 2014, the year ended 31 December 2014, up 7.7% on the year before. Net income was $64 million, up 140.0%, and diluted earnings per share $1.31. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2015.
Revenue
$891 million
+7.7% on the year
FY2008FY2014
Operating margin
9.5%
5.1% a year earlier
FY2008FY2014
Net income
$64 million
+140.0% on the year
FY2008FY2014
Diluted EPS
$1.31
+133.9% on the year
FY2008FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
891
827
634
+7.7%
Cost of revenue
613
589
472
+4.1%
Gross profit
277
238
162
+16.6%
Gross margin
31.1%
28.8%
25.5%
Research and development
52.1
48.3
33.8
+7.9%
Selling, general and administrative
134
132
101
+1.2%
Operating income
84.5
42.3
24.9
+99.9%
Operating margin
9.5%
5.1%
3.9%
Interest expense
4.3
5.6
0.9
-22.4%
Pre-tax income
86.0
38.6
30.8
+122.9%
Income tax
20.4
14.5
4.8
+40.6%
Effective tax rate
23.7%
37.5%
15.7%
Net income
63.7
26.5
24.2
+140.0%
Net margin
7.1%
3.2%
3.8%
Diluted EPS
$1.31
$0.56
$0.51
+133.9%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
134
110
64.2
+22.2%
Capital expenditure
57.8
47.1
58.2
+22.8%
Free cash flow
76.5
62.8
6.1
+21.8%
Free cash flow margin
8.6%
7.6%
1.0%
Cash from investing
n/a
-186
-77.4
Cash from financing
n/a
112
38.5
Depreciation and amortisation
76.8
73.6
64.2
+4.3%
Share-based compensation
14.1
13.6
14.4
+4.1%
Diluted shares, weighted
49m
48m
47m
+2.0%
Shares outstanding at period end
48m
47m
46m
+1.9%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
768
703
677
+9.3%
Non-controlling interest
41.9
40.9
43.3
+2.3%
Debt
142
189
51.8
-24.6%
Other liabilities
227
230
148
-1.4%
Total liabilities and equity
1,179
1,162
920
+1.5%
Fixed assets
310
322
243
-3.8%
Goodwill
81.2
84.7
87.4
-4.1%
Intangible assets
45.0
53.6
44.3
-15.9%
Investments
11.7
22.9
0.0
-48.8%
Trading assets
7.2
5.6
n/a
+27.4%
Cash and equivalents
243
197
157
+23.6%
Receivables
188
192
152
-2.1%
Inventory
182
180
153
+0.9%
Other assets
111
104
82.6
+6.4%
Total assets
1,179
1,162
920
+1.5%
10-K for the year ended 31 December 2014, filed 2 March 2015: the filing.