Diodes (DIOD) FY2018 results: revenue $1.2 billion, up 15.2% on the year
Diodes Inc. (DIOD) reported revenue of $1.2 billion for fiscal 2018, the year ended 31 December 2018, up 15.2% on the year before. Net income was $104 million, and diluted earnings per share $2.04. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2019.
Revenue
$1.2 billion
+15.2% on the year
FY2011FY2018
Operating margin
12.7%
7.5% a year earlier
FY2011FY2018
Net income
$104 million
FY2011FY2018
Diluted EPS
$2.04
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
1,214
1,054
942
+15.2%
Cost of revenue
779
697
655
+11.7%
Gross profit
435
357
287
+22.0%
Gross margin
35.9%
33.8%
30.5%
Research and development
86.3
77.9
69.9
+10.8%
Selling, general and administrative
176
169
158
+4.5%
Operating income
154
79.4
38.1
+94.5%
Operating margin
12.7%
7.5%
4.0%
Interest expense
9.9
13.4
13.3
-26.4%
Pre-tax income
150
62.6
25.0
+139.6%
Income tax
44.6
62.3
6.6
-28.5%
Effective tax rate
29.7%
99.6%
26.2%
Net income
104
-1.8
15.9
Net margin
8.6%
-0.2%
1.7%
Diluted EPS
$2.04
-$0.04
$0.32
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
186
181
125
+2.5%
Capital expenditure
87.5
111
58.5
-21.3%
Free cash flow
98.1
70.0
66.2
+40.2%
Free cash flow margin
8.1%
6.6%
7.0%
Cash from investing
-88.9
-78.9
-26.4
Cash from financing
-51.9
-158
-63.5
Depreciation and amortisation
105
95.7
99.0
+9.4%
Share-based compensation
20.7
18.6
14.0
+11.4%
Buybacks
n/a
8.7
18.0
Diluted shares, weighted
51m
49m
50m
+4.3%
Shares outstanding at period end
50m
49m
48m
+2.2%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
931
832
776
+12.0%
Non-controlling interest
46.0
42.4
44.4
+8.4%
Debt
224
270
430
-17.1%
Other liabilities
325
345
278
-5.7%
Total liabilities and equity
1,526
1,489
1,529
+2.5%
Fixed assets
447
459
402
-2.7%
Goodwill
132
134
129
-1.3%
Intangible assets
138
156
175
-11.8%
Investments
7.5
4.6
29.8
+64.5%
Cash and equivalents
241
204
248
+18.3%
Receivables
228
200
217
+14.1%
Inventory
215
217
193
-0.5%
Other assets
117
114
134
+2.5%
Total assets
1,526
1,489
1,529
+2.5%
10-K for the year ended 31 December 2018, filed 21 February 2019: the filing.