Silicon Laboratories (SLAB) FY2018 results: revenue $868 million, up 12.9% on the year
Silicon Laboratories Inc. (SLAB) reported revenue of $868 million for fiscal 2018, the year ended 29 December 2018, up 12.9% on the year before. Net income was $84 million, up 77.5%, and diluted earnings per share $1.90. The figures are the company's own, from the 10-K it filed with the SEC on 30 January 2019.
Revenue
$868 million
+12.9% on the year
FY2011FY2018
Operating margin
9.8%
11.1% a year earlier
FY2011FY2018
Net income
$84 million
+77.5% on the year
FY2011FY2018
Diluted EPS
$1.90
+74.3% on the year
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
868
769
698
+12.9%
Cost of revenue
347
315
276
+10.2%
Gross profit
521
454
422
+14.8%
Gross margin
60.1%
59.1%
60.4%
Research and development
238
209
200
+13.8%
Selling, general and administrative
198
160
155
+23.9%
Operating income
85.2
85.0
66.3
+0.3%
Operating margin
9.8%
11.1%
9.5%
Interest expense
19.7
n/a
2.6
Pre-tax income
72.2
76.9
64.5
-6.2%
Income tax
-11.4
29.8
3.0
Effective tax rate
-15.8%
38.8%
4.7%
Net income
83.6
47.1
61.5
+77.5%
Net margin
9.6%
6.1%
8.8%
Diluted EPS
$1.90
$1.09
$1.45
+74.3%
$ 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
174
190
129
-8.4%
Capital expenditure
24.5
12.3
10.9
+99.7%
Free cash flow
149
177
118
-15.9%
Free cash flow margin
17.2%
23.1%
16.9%
Cash from investing
-197
-374
-49.6
Cash from financing
-48.8
313
-52.3
Depreciation and amortisation
53.9
41.9
40.5
+28.8%
Share-based compensation
50.1
44.8
39.6
+11.9%
Buybacks
39.3
n/a
40.5
Diluted shares, weighted
44m
43m
42m
+1.6%
Shares outstanding at period end
43m
43m
42m
+0.9%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
1,067
953
827
+12.0%
Debt
355
342
72.5
+3.8%
Other liabilities
202
240
182
-15.8%
Total liabilities and equity
1,624
1,535
1,082
+5.8%
Fixed assets
139
128
130
+8.9%
Goodwill
397
288
276
+37.9%
Intangible assets
171
83.1
104
+105.5%
Investments
417
495
159
-15.7%
Cash and equivalents
197
269
141
-26.8%
Receivables
73.2
71.4
74.4
+2.6%
Inventory
75.0
73.1
59.6
+2.5%
Other assets
155
128
138
+21.7%
Total assets
1,624
1,535
1,082
+5.8%
10-K for the year ended 29 December 2018, filed 30 January 2019: the filing.