Power Integrations (POWI) FY2022 results: revenue $651 million, down 7.4% on the year
Power Integrations Inc. (POWI) reported revenue of $651 million for fiscal 2022, the year ended 31 December 2022, down 7.4% on the year before. Net income was $171 million, up 3.9%, and diluted earnings per share $2.93. The figures are the company's own, from the 10-K it filed with the SEC on 7 February 2023.
Revenue
$651 million
-7.4% on the year
FY2015FY2022
Operating margin
27.7%
24.9% a year earlier
FY2015FY2022
Net income
$171 million
+3.9% on the year
FY2015FY2022
Diluted EPS
$2.93
+9.7% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
215
231
126
-6.7%
Capital expenditure
39.2
47.3
70.6
-17.1%
Free cash flow
176
184
55.0
-4.1%
Free cash flow margin
27.0%
26.1%
11.3%
Cash from investing
78.3
-233
-28.3
Cash from financing
-346
-98.8
-17.2
Depreciation and amortisation
37.3
34.9
28.1
+6.9%
Share-based compensation
22.4
37.6
30.9
-40.5%
Buybacks
311
73.9
2.6
+320.7%
Dividends paid
41.5
32.6
25.1
+27.3%
Diluted shares, weighted
58m
61m
61m
-5.0%
Shares outstanding at period end
57m
60m
60m
-4.9%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
755
912
810
-17.2%
Debt
0.0
0.0
0.0
Operating lease liabilities
5.8
8.4
7.3
-30.3%
Other liabilities
79.0
94.1
85.6
-16.0%
Total liabilities and equity
840
1,014
903
-17.2%
Fixed assets
177
180
166
-1.7%
Goodwill
91.8
91.8
91.8
0.0%
Intangible assets
6.6
9.0
12.5
-26.8%
Investments
248
372
190
-33.3%
Cash and equivalents
105
158
259
-33.4%
Receivables
20.8
41.4
35.9
-49.7%
Inventory
135
99.3
103
+36.4%
Other assets
54.9
62.8
44.8
-12.6%
Total assets
840
1,014
903
-17.2%
10-K for the year ended 31 December 2022, filed 7 February 2023: the filing.