| Silicon Motion Technology Corporation
Consolidated Statements of Income (in thousands, except percentages, and per ADS data, unaudited) | |||||||||||
|
For the Nine Months Ended
| |||||||||||
|
Sep. 30, 2015
( $) |
Sep. 30,2016
( $) | ||||||||||
| Net Sales | 263,256 | 411,948 | |||||||||
| Cost of sales | 127,737 | 209,461 | |||||||||
| Gross profit | 135,519 | 202,487 | |||||||||
| Operating expenses | |||||||||||
| Research & development | 51,876 | 66,367 | |||||||||
| Sales & marketing | 14,037 | 20,114 | |||||||||
| General & administrative | 10,710 | 12,024 | |||||||||
| Amortization of intangibles assets | 526 | 1,577 | |||||||||
| Operating income | 58,370 | 102,405 | |||||||||
| Non-operating expense (income) | |||||||||||
| Gain on sale of investments | 2 | 1 | |||||||||
| Interest income, net | 1,523 | 1,407 | |||||||||
| Foreign exchange gain (loss), net | 599 | (803 | ) | ||||||||
| Others, net | 8 | 47 | |||||||||
| Subtotal | 2,132 | 652 | |||||||||
| Income before income tax | 60,502 | 103,057 | |||||||||
| Income tax expense | 13,635 | 18,274 | |||||||||
| Net income | 46,867 | 84,783 | |||||||||
| Earnings per basic ADS | $ | 1.36 | $ | 2.41 | |||||||
| Earnings per diluted ADS | $ | 1.35 | $ | 2.39 | |||||||
| Margin Analysis: | |||||||||||
| Gross margin | 51.5 | % | 49.2 | % | |||||||
| Operating margin | 22.2 | % | 24.9 | % | |||||||
| Net margin | 17.8 | % | 20.6 | % | |||||||
| Additional Data: | |||||||||||
| Weighted avg. ADS equivalents | 34,408 | 35,198 | |||||||||
| Diluted ADS equivalents | 34,782 | 35,476 | |||||||||
