Power Integrations (POWI) FY2012 results: revenue $305 million, up 2.2% on the year
Power Integrations Inc. (POWI) reported revenue of $305 million for fiscal 2012, the year ended 31 December 2012, up 2.2% on the year before. Net income was -$34 million, and diluted earnings per share $-0.60. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2013.
Revenue
$305 million
+2.2% on the year
FY2008FY2012
Operating margin
3.7%
14.5% a year earlier
FY2008FY2012
Net income
-$34 million
FY2008FY2012
Diluted EPS
-$0.60
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
305
299
300
+2.2%
Cost of revenue
155
158
147
-2.0%
Gross profit
151
141
153
+7.0%
Gross margin
49.3%
47.1%
50.9%
Research and development
45.7
40.3
35.9
+13.4%
Operating income
11.4
43.2
59.9
-73.7%
Operating margin
3.7%
14.5%
20.0%
Interest expense
0.0
0.0
0.0
Pre-tax income
-20.8
45.1
61.8
Income tax
13.6
10.8
12.3
+26.1%
Effective tax rate
n/a
24.0%
20.0%
Net income
-34.4
34.3
49.5
Net margin
-11.3%
11.5%
16.5%
Diluted EPS
-$0.60
$0.57
$0.83
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
51.8
69.2
60.0
-25.1%
Capital expenditure
16.4
23.2
30.6
-29.6%
Free cash flow
35.5
46.0
29.4
-22.8%
Free cash flow margin
11.6%
15.4%
9.8%
Cash from investing
-125
-52.3
-46.5
Cash from financing
-3.6
-32.7
7.3
Depreciation and amortisation
20.4
16.3
13.0
+25.2%
Share-based compensation
14.2
9.0
10.7
+58.6%
Buybacks
20.5
50.0
14.0
-59.1%
Dividends paid
5.8
5.7
5.6
+0.6%
Diluted shares, weighted
57m
60m
59m
-4.4%
Shares outstanding at period end
57m
56m
57m
+1.7%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
341
365
353
-6.4%
Debt
0.0
0.0
0.0
Other liabilities
58.1
68.4
80.4
-15.1%
Total liabilities and equity
399
433
433
-7.8%
Fixed assets
89.7
88.2
84.5
+1.7%
Goodwill
80.6
14.8
14.8
+445.1%
Intangible assets
47.7
8.9
9.8
+439.3%
Investments
31.8
72.9
59.1
-56.4%
Cash and equivalents
63.4
140
156
-54.7%
Receivables
7.3
9.4
5.7
-22.0%
Inventory
44.6
52.0
62.1
-14.2%
Other assets
34.0
46.9
41.4
-27.5%
Total assets
399
433
433
-7.8%
10-K for the year ended 31 December 2012, filed 22 February 2013: the filing.