Silicon motion technology corp (SIMO)
Income statement / Yearly
Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10
NET SALES

523,404

556,146

361,297

289,323

225,308

281,370

223,845

132,793

COST OF SALES

272,210

281,541

176,765

139,625

118,698

149,650

115,806

70,605

GROSS PROFIT

251,194

274,605

184,532

149,698

106,610

131,720

108,039

62,188

OPERATING EXPENSES
Research and development

102,053

92,405

71,161

60,949

46,460

50,975

40,501

33,772

Sales and marketing

25,868

25,765

20,173

16,324

13,597

15,919

14,537

11,936

General and administrative

16,933

17,072

15,714

13,355

11,250

12,156

11,323

9,652

Impairment of goodwill

10,337

0

0

-

-

-

-

-

Amortization of intangible assets

2,534

2,103

1,051

0

0

-

694

2,081

Gain from disposal of noncurrent assets held for sale

1,880

-

-

-

-

-

-

-

Gain from settlement of litigation

-

-

-

-

-

-

-

1,273

Total operating expenses

155,845

137,345

108,099

90,628

71,307

79,050

67,055

56,168

OPERATING INCOME

95,349

137,260

76,433

59,070

35,303

52,670

40,984

6,020

NON-OPERATING INCOME (EXPENSES)
Gain from disposal of short-term investments

103

2

3

4

122

-

-

-

Gain from disposal of short-term investments

-

-

-

-

-

2

10

2

Unrealized holding loss on short-term investment

-

-

-

-

-

-118

0

-

Dividend income

-

-

-

-

-

17

0

11

Interest income

4,268

2,158

2,025

2,215

1,845

1,433

-

-

Interest income

-

-

-

-

-

-

597

358

Foreign exchange gain (loss), net

-157

-692

76

-606

-25

390

5,683

-11,730

Impairment of long-term investments

120

13

-

-

-

-

-

-

Impairment of long-term investments

-

-

-

-

-

-

-

230

Interest expense

423

127

47

114

110

61

75

98

Other income (loss), net

-19

42

10

-1

13

1

17

-90

Total non-operating income

3,652

1,370

2,067

1,498

1,845

1,664

6,232

-11,777

INCOME BEFORE INCOME TAX

99,001

138,630

78,500

-

-

-

-

-

INCOME BEFORE INCOME TAX

-

-

-

60,568

37,148

54,334

47,216

-5,757

INCOME TAX EXPENSE

24,046

27,690

18,249

16,101

9,772

7,116

5,747

-519

NET INCOME

74,955

110,940

60,251

44,467

27,376

47,218

41,469

-5,238

EARNINGS PER ORDINARY SHARE:
Basic

0.53

0.79

0.44

0.33

0.21

0.37

0.34

-0.05

Diluted

0.52

0.78

0.43

0.33

0.20

0.35

0.32

-0.05

WEIGHTED AVERAGE ORDINARY SHARES OUTSTANDING
Basic (Thousands)

142,738

140,919

138,100

134,604

132,259

129,259

123,082

116,159

Diluted (Thousands)

143,606

142,050

139,634

136,787

134,567

134,504

129,370

116,159

EARNINGS PER ADS (one ADS equals four ordinary shares):
Basic

2.10

3.15

1.75

1.32

0.83

1.46

1.35

-0.18

Diluted

2.09

3.12

1.73

1.30

0.81

1.40

1.28

-0.18

WEIGHTED AVERAGE ADS OUTSTANDING
Basic (Thousands)

35,684

35,230

34,525

33,651

33,065

32,315

30,771

29,040

Diluted (Thousands)

35,902

35,513

34,909

34,197

33,642

33,626

32,343

29,040