Silicon Laboratories (SLAB) FY2012 results: revenue $563 million, up 14.6% on the year
Silicon Laboratories Inc. (SLAB) reported revenue of $563 million for fiscal 2012, the year ended 29 December 2012, up 14.6% on the year before. Net income was $64 million, up 79.1%, and diluted earnings per share $1.47. The figures are the company's own, from the 10-K it filed with the SEC on 1 February 2013.
Revenue
$563 million
+14.6% on the year
FY2008FY2012
Operating margin
15.2%
10.2% a year earlier
FY2008FY2012
Net income
$64 million
+79.1% on the year
FY2008FY2012
Diluted EPS
$1.47
+86.1% on the year
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
563
492
493
+14.6%
Cost of revenue
225
193
169
+16.6%
Gross profit
338
298
324
+13.3%
Gross margin
60.0%
60.7%
65.7%
Research and development
138
136
124
+1.5%
Selling, general and administrative
114
112
114
+1.8%
Operating income
85.7
50.1
86.7
+71.1%
Operating margin
15.2%
10.2%
17.6%
Interest expense
1.1
0.0
0.1
+3,005.4%
Pre-tax income
86.3
52.3
87.7
+65.0%
Income tax
22.8
16.9
14.4
+35.2%
Effective tax rate
26.4%
32.2%
16.4%
Net income
63.5
35.5
73.2
+79.1%
Net margin
11.3%
7.2%
14.8%
Diluted EPS
$1.47
$0.79
$1.57
+86.1%
$ 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
97.0
88.7
118
+9.4%
Capital expenditure
102
8.7
13.8
+1,074.3%
Free cash flow
-5.0
80.1
104
Free cash flow margin
-0.9%
16.3%
21.1%
Cash from investing
n/a
n/a
-55.2
Cash from financing
n/a
n/a
-120
Depreciation and amortisation
24.3
23.5
19.3
+3.6%
Share-based compensation
31.2
36.1
40.3
-13.7%
Buybacks
62.0
110
140
-43.7%
Diluted shares, weighted
43m
45m
47m
-3.8%
Shares outstanding at period end
42m
42m
44m
-0.4%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
650
599
625
+8.5%
Debt
100
0.0
n/a
Other liabilities
122
107
102
+14.0%
Total liabilities and equity
872
706
728
+23.5%
Fixed assets
135
25.1
29.9
+438.0%
Goodwill
130
115
112
+12.8%
Intangible assets
90.8
60.0
53.2
+51.2%
Investments
188
230
245
-18.3%
Cash and equivalents
105
95.0
139
+11.0%
Receivables
78.0
55.4
45.0
+41.0%
Inventory
49.6
34.8
39.5
+42.6%
Other assets
94.7
90.3
64.3
+4.9%
Total assets
872
706
728
+23.5%
10-K for the year ended 29 December 2012, filed 1 February 2013: the filing.