Power Integrations (POWI) FY2021 results: revenue $703 million, up 44.0% on the year
Power Integrations Inc. (POWI) reported revenue of $703 million for fiscal 2021, the year ended 31 December 2021, up 44.0% on the year before. Net income was $164 million, up 131.0%, and diluted earnings per share $2.67. The figures are the company's own, from the 10-K it filed with the SEC on 7 February 2022.
Revenue
$703 million
+44.0% on the year
FY2014FY2021
Operating margin
24.9%
14.4% a year earlier
FY2014FY2021
Net income
$164 million
+131.0% on the year
FY2014FY2021
Diluted EPS
$2.67
+128.2% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
231
126
224
+83.8%
Capital expenditure
47.3
70.6
24.1
-33.0%
Free cash flow
184
55.0
200
+233.6%
Free cash flow margin
26.1%
11.3%
47.6%
Cash from investing
-233
-28.3
-162
Cash from financing
-98.8
-17.2
-17.9
Depreciation and amortisation
34.9
28.1
24.4
+24.4%
Share-based compensation
37.6
30.9
23.3
+21.7%
Buybacks
73.9
2.6
7.3
+2,704.9%
Dividends paid
32.6
25.1
20.5
+30.0%
Diluted shares, weighted
61m
61m
60m
+1.0%
Shares outstanding at period end
60m
60m
59m
+0.0%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
912
810
725
+12.5%
Debt
0.0
0.0
0.0
Operating lease liabilities
8.4
7.3
7.0
+14.0%
Other liabilities
94.1
85.6
72.3
+9.9%
Total liabilities and equity
1,014
903
804
+12.3%
Fixed assets
180
166
117
+8.2%
Goodwill
91.8
91.8
91.8
0.0%
Intangible assets
9.0
12.5
16.9
-27.9%
Investments
372
190
232
+95.6%
Cash and equivalents
158
259
179
-38.9%
Receivables
41.4
35.9
24.3
+15.3%
Inventory
99.3
103
90.4
-3.5%
Other assets
62.8
44.8
52.8
+40.1%
Total assets
1,014
903
804
+12.3%
10-K for the year ended 31 December 2021, filed 7 February 2022: the filing.