Himax Technologies, Inc. Reports Fourth Quarter and Full Year 2016 Financial Results; Provides First Quarter 2017 Guidance
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Himax Technologies, Inc. | |
Non-GAAP Unaudited Supplemental Data – Reconciliation Schedule | |
(Amounts in Thousands of U.S. Dollars) | |
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Gross Margin, Operating Margin and Net Margin Excluding Share-
B
ased Compensation and Acquisition-Related Charges: | |
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Three Months
Ended
December 31
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Three Months
Ended
September 30
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20
1
6 | |
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20
1
5 | | | |
20
1
6 | | | Revenues | $ | 203,443 | | | $ | 177,977 | | | $ | 218,081 | | | Gross profit | | 38,926 | | | | 40,734 | | | | 55,733 | | | Add: Share-based compensation – cost of revenues | | 25 | | | | 27 | | | | 146 | | | Gross profit excluding share-based compensation | | 38,951 | | | | 40,761 | | | | 55,879 | | | Gross margin excluding share-based compensation | | 19.1 | % | | | 22.9 | % | | | 25.6 | % | | Operating income | | 6,861 | | | | 8,611 | | | | 15,296 | | | Add: Share-based compensation | | 254 | | | | 277 | | | | 9,601 | | | Operating income excluding share-based compensation | | 7,115 | | | | 8,888 | | | | 24,897 | | | Add: Acquisition-related charges –intangible assets amortization | | 247 | | | | 237 | | | | 246 | | | Operating income excluding share-based compensation and acquisition-related charges | | 7,362 | | | | 9,125 | | | | 25,143 | | | Operating margin excluding share-based compensation and acquisition-related charges | | 3.6 | % | | | 5.1 | % | | | 11.5 | % | | Net income attributable to Himax Technologies, Inc. stockholders | | 4,439 | | | | 6,130 | | | | 13,598 | | | Add: Share-based compensation, net of tax | | 212 | | | | 230 | | | | 7,574 | | | Add: Acquisition-related charges, net of tax | | 148 | | | | 139 | | | | 147 | | | Net income attributable to Himax Technologies, Inc. stockholders excluding share-based compensation and acquisition-related charges | | 4,799 | | | | 6,499 | | | | 21,319 | | | Net margin attributable to Himax Technologies, Inc. stockholders excluding share-based compensation and acquisition-related charges | | 2.4 | % | | | 3.7 | % | | | 9.8 | % | | | | | | | | | *Gross margin excluding share-based compensation equals gross profit excluding share-based compensation divided by revenues | | *Operating margin excluding share-based compensation and acquisition-related charges equals operating income excluding share-based compensation and acquisition-related charges divided by revenues | | *Net margin attributable to Himax Technologies, Inc. stockholders excluding share-based compensation and acquisition-related charges equals net income attributable to Himax Technologies, Inc. stockholders excluding share-based compensation and acquisition-related charges divided by revenues |
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