Diodes (DIOD) FY2015 results: revenue $849 million, down 4.7% on the year
Diodes Inc. (DIOD) reported revenue of $849 million for fiscal 2015, the year ended 31 December 2015, down 4.7% on the year before. Net income was $24 million, down 61.9%, and diluted earnings per share $0.49. The figures are the company's own, from the 10-K it filed with the SEC on 11 March 2016.
Revenue
$849 million
-4.7% on the year
FY2008FY2015
Operating margin
5.0%
9.5% a year earlier
FY2008FY2015
Net income
$24 million
-61.9% on the year
FY2008FY2015
Diluted EPS
$0.49
-62.6% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
849
891
827
-4.7%
Cost of revenue
600
613
589
-2.1%
Gross profit
249
277
238
-10.3%
Gross margin
29.3%
31.1%
28.8%
Research and development
57.0
52.1
48.3
+9.4%
Selling, general and administrative
139
134
132
+4.1%
Operating income
42.1
84.5
42.3
-50.2%
Operating margin
5.0%
9.5%
5.1%
Interest expense
4.2
4.3
5.6
-2.3%
Pre-tax income
40.6
86.0
38.6
-52.8%
Income tax
14.1
20.4
14.5
-30.8%
Effective tax rate
34.7%
23.7%
37.5%
Net income
24.3
63.7
26.5
-61.9%
Net margin
2.9%
7.1%
3.2%
Diluted EPS
$0.49
$1.31
$0.56
-62.6%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
118
134
110
-12.0%
Capital expenditure
133
57.8
47.1
+130.7%
Free cash flow
-15.1
76.5
62.8
Free cash flow margin
-1.8%
8.6%
7.6%
Cash from investing
n/a
n/a
-186
Cash from financing
n/a
n/a
112
Depreciation and amortisation
80.1
76.8
73.6
+4.3%
Share-based compensation
19.0
14.1
13.6
+34.5%
Buybacks
11.0
n/a
n/a
Diluted shares, weighted
50m
49m
48m
+1.9%
Shares outstanding at period end
48m
48m
47m
+1.2%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
795
768
703
+3.5%
Non-controlling interest
47.7
41.9
40.9
+13.7%
Debt
466
142
189
+228.0%
Other liabilities
292
227
230
+28.6%
Total liabilities and equity
1,601
1,179
1,162
+35.8%
Fixed assets
439
310
322
+41.8%
Goodwill
133
81.2
84.7
+63.6%
Intangible assets
196
45.0
53.6
+336.2%
Investments
64.7
11.7
22.9
+451.6%
Trading assets
n/a
7.2
5.6
Cash and equivalents
218
243
197
-10.1%
Receivables
218
188
192
+16.1%
Inventory
203
182
180
+11.4%
Other assets
128
111
104
+15.5%
Total assets
1,601
1,179
1,162
+35.8%
10-K for the year ended 31 December 2015, filed 11 March 2016: the filing.