Diodes (DIOD) FY2016 results: revenue $942 million, up 11.0% on the year
Diodes Inc. (DIOD) reported revenue of $942 million for fiscal 2016, the year ended 31 December 2016, up 11.0% on the year before. Net income was $16 million, down 34.4%, and diluted earnings per share $0.32. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2019.
Revenue
$942 million
+11.0% on the year
FY2009FY2016
Operating margin
4.0%
5.0% a year earlier
FY2009FY2016
Net income
$16 million
-34.4% on the year
FY2009FY2016
Diluted EPS
$0.32
-34.7% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
942
849
891
+11.0%
Cost of revenue
655
600
613
+9.1%
Gross profit
287
249
277
+15.4%
Gross margin
30.5%
29.3%
31.1%
Research and development
69.9
57.0
52.1
+22.6%
Selling, general and administrative
158
139
134
+13.7%
Operating income
38.1
42.1
84.5
-9.6%
Operating margin
4.0%
5.0%
9.5%
Interest expense
13.3
4.2
4.3
+213.3%
Pre-tax income
25.0
40.6
86.0
-38.3%
Income tax
6.6
14.1
20.4
-53.4%
Effective tax rate
26.2%
34.7%
23.7%
Net income
15.9
24.3
63.7
-34.4%
Net margin
1.7%
2.9%
7.1%
Diluted EPS
$0.32
$0.49
$1.31
-34.7%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
125
118
134
+5.6%
Capital expenditure
58.5
133
57.8
-56.1%
Free cash flow
66.2
-15.1
76.5
Free cash flow margin
7.0%
-1.8%
8.6%
Cash from investing
-26.4
n/a
n/a
Cash from financing
-63.5
n/a
n/a
Depreciation and amortisation
99.0
80.1
76.8
+23.6%
Share-based compensation
14.0
19.0
14.1
-26.0%
Buybacks
18.0
11.0
n/a
+63.6%
Diluted shares, weighted
50m
50m
49m
+0.6%
Shares outstanding at period end
48m
48m
48m
+0.1%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
776
795
768
-2.4%
Non-controlling interest
44.4
47.7
41.9
-6.7%
Debt
430
466
142
-7.8%
Other liabilities
278
292
227
-4.6%
Total liabilities and equity
1,529
1,601
1,179
-4.5%
Fixed assets
402
439
310
-8.5%
Goodwill
129
133
81.2
-2.6%
Intangible assets
175
196
45.0
-11.0%
Investments
29.8
64.7
11.7
-53.9%
Trading assets
n/a
n/a
7.2
Cash and equivalents
248
218
243
+13.4%
Receivables
217
218
188
-0.6%
Inventory
193
203
182
-4.6%
Other assets
134
128
111
+4.7%
Total assets
1,529
1,601
1,179
-4.5%
10-K for the year ended 31 December 2016, filed 21 February 2019: the filing.