POWER INTEGRATIONS, INC. POWI Income Statement

Power integrations, inc. (POWI)

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	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
NET REVENUES
109,664	114,457	114,159	102,865	89,188	93,307	110,085	109,482	103,081	108,249	111,255	107,563	104,688	102,436	101,625	97,571	88,036	87,909	88,878	85,265	82,557	86,595	90,144	88,985	83,073	90,412	91,715	87,922	77,040	79,170	78,045	76,382	71,773	66,730	75,063	80,184	76,762	72,986	75,452	79,858	71,507	60,024	49,250
COST OF REVENUES
53,184	56,232	56,028	51,293	43,714	45,302	53,080	53,248	49,537	54,221	55,542	54,116	54,212	52,360	51,783	49,786	43,548	45,080	44,717	41,247	40,265	40,790	41,092	40,249	37,096	42,021	42,941	41,715	37,176	39,766	39,294	38,627	37,181	35,176	40,020	42,558	40,339	36,861	36,447	38,369	35,585	30,901	25,053
GROSS PROFIT
56,480	58,225	58,131	51,572	45,474	48,005	57,005	56,234	53,544	54,028	55,713	53,447	50,476	50,076	49,842	47,785	44,488	42,829	44,161	44,018	42,292	45,805	49,052	48,736	45,977	48,391	48,774	46,207	39,864	39,404	38,751	37,755	34,592	31,554	35,043	37,626	36,423	36,125	39,005	41,489	35,922	29,123	24,197
OPERATING EXPENSES:
Research and development
19,152	18,298	17,957	19,269	17,946	17,965	17,236	17,898	17,481	17,180	17,340	17,341	16,640	15,766	15,906	15,859	14,779	13,856	13,888	14,864	14,941	13,667	13,458	14,366	13,490	12,909	12,984	13,489	12,272	11,575	11,428	12,066	10,640	9,732	10,345	10,195	10,023	9,753	9,348	8,674	8,111	6,846	7,689
Sales and marketing
13,473	14,619	13,452	13,209	13,017	13,201	13,278	13,497	13,088	13,256	12,768	13,144	12,216	12,525	12,029	12,018	11,406	11,115	11,129	12,459	12,113	11,890	11,564	12,232	12,110	12,109	11,212	11,364	10,781	10,354	10,329	9,176	8,139	8,282	7,990	8,104	8,248	9,063	7,657	7,527	6,920	5,744	5,925
General and administrative
8,761	10,634	9,224	9,334	8,390	8,796	8,466	9,220	9,014	9,127	9,546	8,765	8,704	8,257	8,789	8,133	7,850	6,896	7,361	7,491	8,281	8,383	7,155	7,813	7,646	8,266	7,984	8,066	7,734	8,110	7,941	7,100	7,092	5,747	6,145	6,141	6,475	6,338	6,746	6,465	6,013	5,465	5,594
Charge related to SemiSouth (Note 12)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25,300	-	-	-	0	-	-	-	-	-	-	-	-
Total operating expenses
41,386	-125,418	40,633	41,812	39,353	39,962	38,980	40,615	39,583	39,563	39,654	39,250	37,560	36,548	36,724	36,010	34,035	31,867	32,378	34,814	35,335	33,940	32,177	34,411	33,246	33,284	32,180	32,919	30,787	29,939	54,998	28,342	25,871	23,761	24,480	24,440	24,746	25,154	23,751	22,666	21,044	18,055	19,208
INCOME FROM OPERATIONS
15,094	183,643	17,498	9,760	6,121	8,043	18,025	15,619	13,961	14,465	16,059	14,197	12,916	13,528	13,118	11,775	10,453	10,962	11,783	9,204	6,957	11,865	16,875	14,325	12,731	15,107	16,594	13,288	9,077	9,465	-16,247	9,413	8,721	7,793	10,563	13,186	11,677	10,971	15,254	18,823	14,878	11,068	4,989
Charge related to SemiSouth (Note 12)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33,937	-	-	-	0	-	-	-	-	-	-	-	-
Other, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	381	198	257	-216	82	565	217	-1,781	837	195	615	-1,633	552	461	442	-	415	471	-	178	754
OTHER INCOME
1,777	1,852	1,078	1,310	1,152	1,297	1,098	885	836	796	895	465	506	299	282	236	261	206	428	14	-223	182	381	198	257	497	82	565	217	156	-33,100	195	615	421	552	461	442	499	415	471	494	178	754
INCOME BEFORE INCOME TAXES
16,871	185,495	18,576	11,070	7,273	9,340	19,123	16,504	14,797	15,261	16,954	14,662	13,422	13,827	13,400	12,011	10,714	11,168	12,211	9,218	6,734	12,047	17,256	14,523	12,988	15,604	16,676	13,853	9,294	9,621	-49,347	9,608	9,336	8,214	11,115	13,647	12,119	11,470	15,669	19,294	15,372	11,246	5,743
PROVISION FOR INCOME TAXES
985	27,204	1,477	225	40	-13,396	1,456	1,123	597	32,159	448	760	-677	-476	591	604	335	-1,538	698	628	391	-2,307	1,145	-2,193	625	-433	22	181	-1,609	-96	-4,941	16,784	1,875	1,888	3,603	3,048	2,265	2,541	3,035	3,707	3,058	2,094	1,214
NET INCOME
15,886	158,291	17,099	10,845	7,233	22,736	17,667	15,381	14,200	-16,898	16,506	13,902	14,099	14,303	12,809	11,407	10,379	12,706	11,513	8,590	6,343	14,354	16,111	16,716	12,363	16,037	16,654	13,672	10,903	9,717	-44,406	-7,176	7,461	6,326	7,512	10,599	9,854	8,929	12,634	15,587	12,314	9,152	4,529
EARNINGS PER SHARE:
Basic (in dollars per share)
0.54	5.41	0.58	0.37	0.25	0.78	0.60	0.52	0.48	-0.57	0.55	0.47	0.48	0.49	0.44	0.40	0.36	0.44	0.40	0.29	0.22	0.49	0.54	0.55	0.41	0.54	0.56	0.47	0.38	0.33	-1.54	-0.25	0.26	0.23	0.26	0.37	0.34	0.32	0.45	0.56	0.45	0.34	0.17
Diluted (in dollars per share)
0.53	5.30	0.57	0.37	0.25	0.76	0.59	0.51	0.46	-0.57	0.54	0.46	0.47	0.48	0.43	0.39	0.35	0.43	0.39	0.29	0.21	0.47	0.52	0.54	0.40	0.52	0.54	0.45	0.37	0.34	-1.54	-0.25	0.25	0.21	0.25	0.35	0.33	0.29	0.43	0.53	0.42	0.32	0.16
SHARES USED IN PER SHARE CALCULATION:
Basic (in shares)
29,602	29,435	29,385	29,297	28,951	29,155	29,365	29,505	29,799	29,761	29,759	29,720	29,456	29,199	28,972	28,850	28,679	28,472	28,855	29,368	29,309	29,342	30,013	30,310	30,239	29,990	29,762	29,178	28,754	28,790	28,908	28,619	28,227	28,071	28,799	28,938	28,628	28,140	27,894	27,844	27,470	26,723	26,804
Diluted (in shares)
30,134	30,250	29,866	29,702	29,446	29,855	29,998	30,183	30,552	30,864	30,614	30,454	30,248	30,185	29,625	29,422	29,244	29,394	29,298	30,034	30,058	30,282	30,757	31,110	31,167	31,087	30,652	30,158	29,783	27,582	28,908	28,619	29,435	29,444	29,879	30,346	30,187	30,048	29,283	29,535	29,358	28,431	27,944