Diodes (DIOD) FY2017 results: revenue $1.1 billion, up 11.9% on the year
Diodes Inc. (DIOD) reported revenue of $1.1 billion for fiscal 2017, the year ended 31 December 2017, up 11.9% on the year before. Net income was -$2 million, and diluted earnings per share $-0.04. The figures are the company's own, from the 10-Q it filed with the SEC on 7 August 2018.
Revenue
$1.1 billion
+11.9% on the year
FY2010FY2017
Operating margin
7.5%
4.0% a year earlier
FY2010FY2017
Net income
-$2 million
FY2010FY2017
Diluted EPS
-$0.04
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
1,054
942
849
+11.9%
Cost of revenue
697
655
600
+6.4%
Gross profit
357
287
249
+24.3%
Gross margin
33.8%
30.5%
29.3%
Research and development
77.9
69.9
57.0
+11.4%
Selling, general and administrative
169
158
139
+6.5%
Operating income
79.4
38.1
42.1
+108.7%
Operating margin
7.5%
4.0%
5.0%
Interest expense
13.4
13.3
4.2
+1.4%
Pre-tax income
62.6
25.0
40.6
+150.0%
Income tax
62.3
6.6
14.1
+850.4%
Effective tax rate
99.6%
26.2%
34.7%
Net income
-1.8
15.9
24.3
Net margin
-0.2%
1.7%
2.9%
Diluted EPS
-$0.04
$0.32
$0.49
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
181
125
118
+45.2%
Capital expenditure
111
58.5
133
+89.9%
Free cash flow
70.0
66.2
-15.1
+5.7%
Free cash flow margin
6.6%
7.0%
-1.8%
Cash from investing
-78.9
-26.4
n/a
Cash from financing
-158
-63.5
n/a
Depreciation and amortisation
95.7
99.0
80.1
-3.3%
Share-based compensation
18.6
14.0
19.0
+32.6%
Buybacks
8.7
18.0
11.0
-51.5%
Diluted shares, weighted
49m
50m
50m
-1.9%
Shares outstanding at period end
49m
48m
48m
+1.9%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
832
776
795
+7.1%
Non-controlling interest
42.4
44.4
47.7
-4.6%
Debt
270
430
466
-37.2%
Other liabilities
345
278
292
+23.9%
Total liabilities and equity
1,489
1,529
1,601
-2.6%
Fixed assets
459
402
439
+14.2%
Goodwill
134
129
133
+3.7%
Intangible assets
156
175
196
-10.5%
Investments
4.6
29.8
64.7
-84.7%
Cash and equivalents
204
248
218
-17.7%
Receivables
200
217
218
-7.9%
Inventory
217
193
203
+11.9%
Other assets
114
134
128
-15.0%
Total assets
1,489
1,529
1,601
-2.6%
10-Q for the year ended 31 December 2017, filed 7 August 2018: the filing.