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) | |
Gross Margin, Operating Margin and Net Margin Excluding Share-Based Compensation and Acquisition-Related Charges: | | | |
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Twelve
Months
Ended
December
3
1
, | |
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20
1
6
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20
1
5 | | | Revenues | | | $ | 802,917 | | | $ | 691,789 | | | Gross profit | | | | 194,312 | | | | 163,138 | | | Add: Share-based compensation – Cost of revenues | | | | 224 | | | | 110 | | | Gross profit excluding share-based compensation | | | | 194,536 | | | | 163,248 | | | Gross margin excluding share-based compensation | | | | 24.2 | % | | | 23.6 | % | | Operating income | | | | 59,235 | | | | 30,672 | | | Add: Share-based compensation | | | | 10,409 | | | | 6,274 | | | Operating income excluding share-based compensation | | | | 69,644 | | | | 36,946 | | | Add: Acquisition-related charges –Intangible assets amortization | | | | 985 | | | | 845 | | | Operating income excluding share-based compensation and acquisition-related charges | | | | 70,629 | | | | 37,791 | | | Operating margin excluding share-based compensation and acquisition-related charges | | | | 8.8 | % | | | 5.5 | % | | Net income attributable to Himax Technologies, Inc. stockholders | | | | 50,912 | | | | 25,195 | | | Add: Share-based compensation, net of tax | | | | 8,245 | | | | 4,932 | | | Add: Acquisition-related charges, net of tax | | | | 590 | | | | 487 | | | Net income attributable to Himax Technologies, Inc. stockholders excluding share-based compensation and acquisition-related charges | | | | 59,747 | | | | 30,614 | | | Net margin attributable to Himax Technologies, Inc. stockholders excluding share-based compensation and acquisition-related charges | | | | 7.4 | % | | | 4.4 | % | | | | | | | | | *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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