Silicon Laboratories (SLAB) FY2022 results: revenue $1.0 billion, up 42.1% on the year
Silicon Laboratories Inc. (SLAB) reported revenue of $1.0 billion for fiscal 2022, the year ended 31 December 2022, up 42.1% on the year before. Net income was $91 million, down 95.7%, and diluted earnings per share $2.54. The figures are the company's own, from the 10-K it filed with the SEC on 1 February 2023.
Revenue
$1.0 billion
+42.1% on the year
FY2015FY2022
Operating margin
11.6%
-4.6% a year earlier
FY2015FY2022
Net income
$91 million
-95.7% on the year
FY2015FY2022
Diluted EPS
$2.54
-94.7% 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
71.8
-100
136
Capital expenditure
26.5
28.6
18.1
-7.2%
Free cash flow
45.3
-129
118
Free cash flow margin
4.4%
-17.9%
23.0%
Cash from investing
241
n/a
-361
Cash from financing
-887
-1,299
201
Depreciation and amortisation
56.6
62.6
58.8
-9.5%
Share-based compensation
60.5
56.8
49.5
+6.5%
Buybacks
883
1,150
16.3
-23.2%
Diluted shares, weighted
36m
44m
44m
-18.7%
Shares outstanding at period end
32m
38m
44m
-16.9%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
1,405
2,212
1,200
-36.5%
Debt
530
451
563
+17.5%
Operating lease liabilities
18.0
22.5
n/a
-20.0%
Other liabilities
217
273
230
-20.5%
Total liabilities and equity
2,169
2,958
1,993
-26.7%
Fixed assets
152
147
136
+3.8%
Goodwill
376
376
376
0.0%
Intangible assets
84.9
119
163
-28.6%
Investments
692
965
522
-28.3%
Cash and equivalents
500
1,075
203
-53.5%
Receivables
71.4
98.3
95.2
-27.3%
Inventory
100
49.3
47.9
+103.7%
Other assets
192
130
450
+48.4%
Total assets
2,169
2,958
1,993
-26.7%
10-K for the year ended 31 December 2022, filed 1 February 2023: the filing.