| Silicon Motion Technology Corporation | |||||||
| Consolidated Statements of Income | |||||||
| (in thousands, except percentages, and per ADS data, unaudited) | |||||||
|
For the Six Months Ended
| |||||||
|
Jun. 30,
2015 ( $) |
Jun. 30,
2016 ( $) | ||||||
| Net Sales | 167,859 | 253,368 | |||||
| Cost of sales | 81,452 | 128,286 | |||||
| Gross profit | 86,407 | 125,082 | |||||
| Operating expenses | |||||||
| Research & development | 32,248 | 40,432 | |||||
| Sales & marketing | 8,492 | 12,566 | |||||
| General & administrative | 6,716 | 7,146 | |||||
| Amortization of intangibles assets | - | 1,052 | |||||
| Operating income | 38,951 | 63,886 | |||||
| Non-operating expense (income) | |||||||
| Gain on sale of investments | 2 | 1 | |||||
| Interest income, net | 1,017 | 866 | |||||
| Foreign exchange gain (loss), net | 379 | (428 | ) | ||||
| Others, net | 4 | 19 | |||||
| Subtotal | 1,402 | 458 | |||||
| Income before income tax | 40,353 | 64,344 | |||||
| Income tax expense | 6,666 | 12,283 | |||||
| Net income | 33,687 | 52,061 | |||||
| Basic earnings per ADS | $ | 0.98 | $ | 1.48 | |||
| Diluted earnings per ADS | $ | 0.97 | $ | 1.47 | |||
| Margin Analysis: | |||||||
| Gross margin | 51.5 | % | 49.4 | % | |||
| Operating margin | 23.2 | % | 25.2 | % | |||
| Net margin | 20.1 | % | 20.6 | % | |||
| Additional Data: | |||||||
| Weighted avg. ADS equivalents | 34,249 | 35,143 | |||||
| Diluted ADS equivalents | 34,703 | 35,444 | |||||
