MAGNACHIP SEMICONDUCTOR Corp MX Income Statement

Magnachip semiconductor corp (MX)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10	Dec'09
Net sales
120,473	199,993	229,677	205,145	107,267	179,394	206,000	199,685	165,819	-	-	-	161,710	180,462	192,296	167,106	148,105	152,430	154,382	162,015	164,885	167,652	194,332	172,070	164,164	175,510	170,812	193,533	194,322	205,828	221,872	202,634	177,002	151,125	200,405	203,679	187,921	209,448	194,700	111,082
Net sales
-	-	-	-	-	-	-	-	-	-	176,697	166,685	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of sales
91,343	193,224	168,811	161,305	88,244	135,482	150,251	145,831	121,238	-	126,387	120,023	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of sales
-	-	-	-	-	-	-	-	-	-	-	-	120,140	-	153,157	130,357	113,856	122,528	119,683	126,729	129,908	133,154	151,702	136,613	123,887	158,331	136,399	148,292	136,087	151,794	145,432	139,776	127,087	134,368	140,284	137,497	131,447	140,133	130,166	90,408
Gross profit
29,130	53,204	60,866	43,840	19,023	43,912	55,749	53,854	44,581	49,351	50,310	46,662	41,570	46,089	39,139	36,749	34,249	29,902	34,699	35,286	34,977	34,498	42,630	35,457	40,277	17,179	34,413	45,241	58,235	54,034	76,440	62,858	49,915	16,757	60,121	66,182	56,474	69,315	64,534	20,674
Operating expenses
Selling, general and administrative expenses
12,102	25,814	16,812	16,975	12,036	17,516	18,566	18,935	17,622	23,631	17,266	17,730	23,148	23,112	20,082	20,403	19,952	18,653	22,107	28,588	25,030	32,491	38,690	30,746	25,027	21,853	22,155	20,951	20,808	22,987	21,388	20,093	18,209	19,483	17,881	17,458	15,401	16,202	15,964	14,540
Research and development expenses
10,509	26,955	17,368	18,989	12,044	18,536	18,918	21,005	19,580	18,083	17,554	16,928	17,958	17,748	18,439	18,178	17,815	18,879	20,450	21,931	22,160	22,147	23,422	24,059	23,137	22,744	22,478	21,625	21,015	17,192	19,470	19,762	19,831	18,474	19,003	20,614	18,498	23,119	20,543	14,741
Other charges
554	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring and other charges (gains)
-	53	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring and impairment charges (gain)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,761	0	0	2,446	-	-	-	-	-	1,621	2,475	-	442	267	-
Restructuring and other charges
-	-	-763	-1,130	-	-	-	-	-	-	0	0	17,010	0	0	-1,305	7,785	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Early termination charges
-	-	-	-	-	-	-	-	-	-	0	2,262	11,107	-	-	4,240	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
23,165	60,071	34,943	37,094	24,080	36,052	37,484	39,940	37,202	41,714	34,820	36,920	35,203	40,860	38,521	44,126	29,982	37,532	42,557	50,519	47,190	64,907	62,112	54,805	48,164	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Special expense for IPO incentive
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	12,146	-	-	-
Operating income (loss)
5,965	10,035	25,923	6,746	-5,057	7,860	18,265	13,914	7,379	7,637	15,490	9,742	6,367	5,229	618	-7,377	4,267	-7,630	-7,858	-15,233	-12,213	-30,409	-19,482	-19,348	-7,887	-33,179	-10,220	2,665	13,966	13,855	35,582	23,003	11,875	-20,703	21,616	25,635	10,429	29,552	27,760	-8,607
Interest expense
-5,607	-5,655	-5,656	-5,679	-5,637	-5,743	-5,587	-5,489	-5,463	-5,460	-5,485	-5,441	-5,173	-4,053	-4,055	-4,073	-4,057	-4,081	-4,075	-3,987	-4,125	-4,559	-4,197	-4,007	-4,070	-4,820	-4,548	-5,879	-5,849	-	-	-	-	-	-	-	-	-	-	-
Foreign currency loss, net
-30,971	20,433	-21,205	-10,431	-10,610	-4,316	6,002	-27,449	1,318	39,297	-3,662	-11,905	41,786	-49,628	33,174	-7,101	8,195	17,080	-44,139	-12,296	-3,176	-30,160	-23,508	38,424	-9,406	15,325	47,115	-22,145	-23,458	-	-	-	-	-	-	-	-	-	-	-
Loss on early extinguishment of long-term borrowings, net
-	0	0	0	-42	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-32,812	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,746	5,619	5,580	-	5,860	6,369	7,111	7,312	6,557	1,258
Foreign currency gain (loss), net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21,782	-10,586	11,109	-	-68,058	18,234	21,359	41,400	-48,273	9,338
Loss on early extinguishment of senior notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,357	4,103	-	-	-	-
Other income, net
838	952	785	656	587	555	150	-960	519	1,006	198	83	1,611	561	887	1,007	535	617	256	288	618	1,051	691	597	561	1,735	1,191	327	353	2,405	695	701	89	1,817	-558	203	166	312	-950	-
Net other income (expenses)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,946	-27,697	-28,954	-	16,731	-15,504	5,618	13,291	-75,833	7,965	14,414	34,400	-55,780	8,080
Loss from continuing operations before income tax expense
-29,775	12,541	-153	-8,708	-20,759	-1,850	18,830	-19,984	3,753	42,480	6,541	-7,521	44,591	-47,891	30,624	-17,544	8,940	5,986	-55,816	-31,228	-18,896	-64,077	-46,496	15,666	-20,802	-20,939	726	-25,032	-14,988	-	52,313	-	-	-	-	-	-	-	-	-
Income (loss) before income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,499	17,493	-	-54,217	33,600	24,843	63,952	-28,020	-527
Income tax expense
1,303	1,685	1,454	812	796	530	1,608	1,521	990	-1,173	937	538	853	1,899	758	272	815	-16,868	1,250	-602	1,133	-247	311	656	803	1,258	475	-364	2,601	3,557	3,901	3,159	2,230	1,977	1,793	1,970	2,375	2,457	2,727	1,946
Loss from continuing operations
-31,078	-	-	-	-21,555	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (loss) from discontinued operations, net of tax
7,329	-	-	-	-12,570	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (loss) from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,473
Income from discontinued operations, net of taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	510
Net loss
-23,749	23,426	-1,607	-9,520	-34,125	-2,380	17,222	-21,505	2,763	43,653	5,604	-8,059	43,738	-49,790	29,866	-17,816	8,125	22,854	-57,066	-30,626	-20,029	-63,830	-46,807	15,010	-21,605	-22,197	251	-24,668	-17,589	42,023	48,412	4,340	15,263	-9,389	-56,010	31,630	22,468	61,495	-30,747	-1,963
Basic and diluted earnings (loss) per common share –
Continuing operations
-0.89	-	-	-	-0.63	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations
0.21	-	-	-	-0.37	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings (loss) per common share—
Total
-0.68	-	-	-0.28	-1.00	-	-	-0.62	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (loss) from continuing operations attributable to common shares/units
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,473
Net income (loss) attributable to common shares/units
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,963
Basic
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.07
Diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.07
Earnings per common share/unit from discontinued operations-Basic and diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.02
Basic
-	0.68	-0.05	-	-	-	0.50	-	0.08	1.28	0.16	-0.24	1.30	-1.43	0.86	-0.51	0.23	0.67	-1.65	-0.90	-0.59	-	-1.37	0.44	-0.63	-	0.01	-0.70	-0.49	1.14	1.34	0.12	0.41	-0.26	-1.43	0.81	0.59	1.63	-0.81	-0.05
Diluted
-	0.54	-0.05	-	-	-	0.41	-	0.08	1.06	0.15	-0.24	1.05	-1.42	0.85	-0.51	0.23	0.67	-1.65	-0.90	-0.59	-	-1.37	0.43	-0.63	-	0.01	-0.70	-0.49	1.11	1.30	0.12	0.40	-0.21	-1.43	0.78	0.57	1.57	-0.81	-0.05
Weighted average number of shares—
Weighted average number of shares – basic and diluted
34,893	-	-	34,245	34,194	-	-	34,420	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic
-	34,542	34,357	-	-	-	34,573	-	34,253	34,055	34,103	33,952	33,662	35,071	34,849	34,716	34,698	34,708	34,664	34,092	34,056	-	34,056	34,056	34,052	-	35,443	35,474	35,539	35,833	36,199	36,713	37,524	38,639	39,064	39,066	38,332	37,819	37,819	37,607
Diluted
-	46,078	34,357	-	-	-	46,021	-	35,154	56,633	45,542	33,952	42,892	34,398	35,302	34,716	34,918	34,708	34,664	34,092	34,056	-	34,056	35,177	34,052	-	37,484	35,474	35,539	36,943	37,324	37,566	38,298	36,173	39,064	40,294	39,570	39,200	37,819	37,607
Standard Products Group [Member]
Net sales
110,736	-	-	-	100,264	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of sales
81,606	-	-	-	81,241	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross profit
29,130	-	-	-	19,023	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fab Three Foundry Services [Member]
Net sales
9,737	-	-	-	7,003	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of sales
9,737	-	-	-	7,003	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-