Diodes Incorporated Reports First Quarter 2015 Financial Results

The following table provides a reconciliation of net income to EBITDA (in thousands, unaudited):

     
Three Months Ended
March 31,
2015     2014
 
Net income (per-GAAP) $ 11,132 $ 10,202
Plus:
Interest expense, net 766 863
Income tax provision 4,187 2,547
Depreciation and amortization   19,172   19,176
EBITDA (Non-GAAP) $ 35,257 $ 32,788
 
         
DIODES INCORPORATED AND SUBSIDIARIES
CONSOLIDATED CONDENSED BALANCE SHEETS
 
ASSETS

(in thousands)

 
March 31, December 31,
2015 2014
(unaudited)
CURRENT ASSETS
Cash and cash equivalents $ 222,113 $ 243,000
Short-term investments 26,722 11,726
Accounts receivable, net 177,628 188,248
Inventories 187,379 182,026
Deferred income taxes, current 11,301 11,295
Prepaid expenses and other   46,455   50,510
Total current assets   671,598   686,805
 
PROPERTY, PLANT AND EQUIPMENT, net 325,278 309,931
 
DEFERRED INCOME TAXES, non-current 32,556 32,550
 
OTHER ASSETS
Goodwill 79,665 81,229
Intangible assets, net 42,663 45,028
Other   23,270   23,614
Total assets $ 1,175,030 $ 1,179,157
 
         
DIODES INCORPORATED AND SUBSIDIARIES
CONSOLIDATED CONDENSED BALANCE SHEETS
 
LIABILITIES AND EQUITY

(in thousands, except share data)

 
March 31, December 31,
2015 2014
(unaudited)
CURRENT LIABILITIES
Lines of credit $ 973 $ 1,064
Accounts payable 84,017 79,390
Accrued liabilities 62,513 60,436
Income tax payable   8,047     8,381  
Total current liabilities   155,550     149,271  
 
LONG-TERM DEBT, net of current portion 117,734 140,787
OTHER LONG-TERM LIABILITIES   78,918     78,932  
Total liabilities   352,202     368,990  
 
COMMITMENTS AND CONTINGENCIES
 
EQUITY
Diodes Incorporated stockholders' equity

Preferred stock - par value $1.00 per share; 1,000,000 shares authorized; no shares issued or outstanding

Common stock - par value $0.66 2/3 per share; 70,000,000 shares authorized; 47,963,677 and 47,591,092 issued and outstanding at March 31, 2015 and December 31, 2014, respectively

31,977 31,729
Additional paid-in capital 324,023 314,942
Retained earnings 501,138 490,006
Accumulated other comprehensive loss   (76,873 )   (68,402 )
Total Diodes Incorporated stockholders' equity   780,265     768,275  
Noncontrolling interest   42,563     41,892  
Total equity 822,828 810,167
Total liabilities and equity $ 1,175,030   $ 1,179,157  

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9  Next Page »



Review Article Be the first to review this article
Aldec

New Customer Special

Featured Video
Jobs
Principal Electronics Engineer Test-20004966 for Northrop Grumman Mission Systems at Falls Church,, Virginia
Senior Analog Design Engineers #5337 for EDA Careers at EAST COAST, California
Sr. Principal FPGA for Northrop Grumman Mission Systems at Morrisville, North Carolina
Staff Engineer Digital-20003075 for Northrop Grumman Mission Systems at Redondo Beach, California
Senior Layout Engineer for EDA Careers at EAST COAST, California
Principal Circuit Design Engineer for Rambus at Chapel Hill, North Carolina
Upcoming Events
Embedded Vision Summit 2020 at Santa Clara Convention Center Santa Clara CA - May 18 - 21, 2020
Sensors Expo & Conference at McEnery Convention Center 150 W. San Carlos Street SAN JOSE CA - Jun 22 - 24, 2020
Nanotech 2020 Conference and Expo at National Harbor MD - Jun 29 - 1, 2020
IEEE Computer Society Annual Symposium on VLSI (ISVLSI) 2020 at Limassol Hotel, Amathus Area, Pareklisia Cyprus - Jul 6 - 8, 2020



© 2020 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise