Silicon Motion Announces Results for the Period Ended September 30, 2023
Silicon Motion Technology Corporation
Condensed Consolidated Statements of Cash Flows
(in thousands, unaudited) | | | | | |
For Three Months Ended | |
For the Year Ended | | | |
Sep. 30, | | |
Jun. 30, | |
Sep. 30, | |
Sep. 30, | |
Sep. 30, | | | |
2022 | | |
2023 | |
2023 | |
2022 | |
2023 | | | |
($) | | |
($) | |
($) | |
($) | |
($) | | Net income | | 42,891 | | | | 11,044 | | | 10,587 | | | 148,975 | | | 31,781 | | | Depreciation & amortization | | 4,864 | | | | 5,381 | | | 8,043 | | | 13,995 | | | 19,032 | | | Stock-based compensation | | 5,822 | | | | 2,430 | | | 3,845 | | | 13,821 | | | 11,760 | | | Investment losses (gain) & disposals | | 3 | | | | (5,945 | ) | | 3,135 | | | 5 | | | (7,556 | ) | | Changes in operating assets and liabilities | | (10,940 | ) | | | 23,134 | | | 39,302 | | | (132,913 | ) | | 52,910 | | |
Net cash provided by (used in) operating activities | | 42,640 | | | | 36,044 | | | 64,912 | | | 43,883 | | | 107,927 | | | | | | | | | | | | | | | | Purchase of property & equipment | | (8,568 | ) | | | (10,085 | ) | | (17,052 | ) | | (25,148 | ) | | (40,687 | ) | |
Net cash provided by (used in) investing activities | | (8,568 | ) | | | (10,085 | ) | | (17,052 | ) | | (25,148 | ) | | (40,687 | ) | | | | | | | | | | | | | | | Dividend payments | | (16,499 | ) | | | (15 | ) | | - | | | (49,941 | ) | | (15 | ) | | Share repurchases | | (109 | ) | * | | - | | | - | | | (133,155 | ) | | - | | |
Net cash used in financing activities | | (16,608 | ) | | | (15 | ) | | - | | | (183,096 | ) | | (15 | ) | | | | | | | | | | | | | | | Net increase (decrease) in cash, cash equivalents & restricted cash | | 17,464 | | | | 25,944 | | | 47,860 | | | (164,361 | ) | | 67,225 | | | Effect of foreign exchange changes | | 1,482 | | | | (1,273 | ) | | (2,528 | ) | | 2,723 | | | (3,977 | ) | | Cash, cash equivalents & restricted cash—beginning of period | | 234,939 | | | | 280,300 | | | 304,971 | | | 415,523 | | | 287,055 | | | Cash, cash equivalents & restricted cash—end of period | | 253,885 | | | | 304,971 | | | 350,303 | | | 253,885 | | | 350,303 | | | | | | | | | | | | | | | | * ADS cancellation fee for shares repurchased in prior quarter | | | | | | | | | | | | | | |
|
