* Mobile Storage products include Embedded Storage products (eMMC+UFS and SSD controllers and data center and industrial SSD solutions) and Expandable Storage products (SD memory cards and USB flash drive controllers)
** Mobile Communications products include mobile TV SoCs

Key Financial Results
(in millions, except percentages and per ADS amounts)	GAAP			Non-GAAP
	4Q 2018	3Q 2018	4Q 2017	4Q 2018	3Q 2018	4Q 2017
Revenue	$123.4	$138.6	$136.2	$123.4	$138.6	$136.2
Gross profit	$62.1	$70.6	$63.3	$62.3	$70.7	$63.5
Percent of revenue	50.3%	50.9%	46.5%	50.5%	51.0%	46.6%
Operating expenses	$44.9	$38.3	$49.8	$31.4	$33.1	$30.6
Operating income	$17.2	$32.2	$13.5	$31.0	$37.5	$32.9
Percent of revenue	14.0%	23.3%	9.9%	25.1%	27.1%	24.1%
Earnings per diluted ADS	$0.48	$0.81	$0.27	$0.83	$0.95	$0.79

Other Financial Information
(in millions)	4Q 2018	3Q 2018	4Q 2017
Cash and cash equivalents, and short-term investments	$288.6	$308.2	$366.4
Bank loans	--	$3.9	$25.0
Loan repayments	$3.9	$8.1	--
Capital expenditures	$5.0	$62.9	$3.5
Dividend payments	$10.8	$10.8	$10.7
Share repurchase	$33.6	--	--

During the fourth quarter, we had $5.0 million of capital expenditures, primarily for routine purchases of software, design tools and other items.

Our fourth quarter cash flows were as follows:

3 months ended Dec. 31, 2018
		(In $ millions)
Net income (GAAP)		17.3
Depreciation & amortization		3.8
Impairment loss of goodwill		0.6
Impairment loss of long term investment		1.2
Changes in operating assets and liabilities		1.3
Others		10.6
Net cash provided by operating activities		34.8
Acquisition of property and equipment		(5.0)
Net cash used in investing activities		(5.0)
Dividend		(10.8)
Share repurchase		(33.6)
Loans		(3.9)
Net cash used in financing activities		(48.3)
Effects of changes in foreign currency exchange rates on cash		-
Net decrease in cash, cash equivalents and restricted cash		(18.5)

Returning Value to Shareholders