
Silicon Motion Technology Corp
NASDAQ:SIMO

Income Statement
Earnings Waterfall
Silicon Motion Technology Corp
Revenue
|
803.6m
USD
|
Cost of Revenue
|
-432.9m
USD
|
Gross Profit
|
370.7m
USD
|
Operating Expenses
|
-276.6m
USD
|
Operating Income
|
94.1m
USD
|
Other Expenses
|
-3.3m
USD
|
Net Income
|
90.7m
USD
|
Income Statement
Silicon Motion Technology Corp
Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
289
N/A
|
317
+10%
|
335
+6%
|
344
+3%
|
361
+5%
|
393
+9%
|
447
+14%
|
510
+14%
|
556
+9%
|
571
+3%
|
563
-1%
|
531
-6%
|
523
-2%
|
526
+1%
|
532
+1%
|
543
+2%
|
530
-2%
|
495
-7%
|
456
-8%
|
427
-6%
|
457
+7%
|
495
+8%
|
533
+8%
|
549
+3%
|
540
-2%
|
589
+9%
|
673
+14%
|
802
+19%
|
922
+15%
|
982
+6%
|
1 013
+3%
|
1 010
0%
|
946
-6%
|
828
-12%
|
716
-14%
|
638
-11%
|
639
+0%
|
704
+10%
|
775
+10%
|
815
+5%
|
804
-1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(140)
|
(151)
|
(161)
|
(166)
|
(177)
|
(194)
|
(224)
|
(259)
|
(282)
|
(288)
|
(284)
|
(271)
|
(272)
|
(278)
|
(282)
|
(281)
|
(270)
|
(249)
|
(229)
|
(217)
|
(235)
|
(257)
|
(273)
|
(281)
|
(279)
|
(302)
|
(343)
|
(406)
|
(461)
|
(486)
|
(495)
|
(499)
|
(480)
|
(436)
|
(401)
|
(369)
|
(369)
|
(401)
|
(431)
|
(445)
|
(433)
|
|
Gross Profit |
150
N/A
|
166
+11%
|
174
+5%
|
178
+2%
|
185
+4%
|
200
+8%
|
223
+12%
|
252
+13%
|
275
+9%
|
282
+3%
|
279
-1%
|
260
-7%
|
251
-3%
|
249
-1%
|
250
+0%
|
262
+5%
|
261
0%
|
246
-6%
|
226
-8%
|
211
-7%
|
222
+6%
|
238
+7%
|
261
+9%
|
268
+3%
|
260
-3%
|
288
+10%
|
330
+15%
|
396
+20%
|
461
+16%
|
496
+8%
|
518
+5%
|
510
-2%
|
466
-9%
|
392
-16%
|
315
-20%
|
269
-15%
|
270
+1%
|
303
+12%
|
344
+13%
|
370
+8%
|
371
+0%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(91)
|
(97)
|
(100)
|
(103)
|
(108)
|
(113)
|
(122)
|
(131)
|
(137)
|
(143)
|
(145)
|
(143)
|
(147)
|
(150)
|
(156)
|
(158)
|
(152)
|
(158)
|
(160)
|
(152)
|
(154)
|
(158)
|
(162)
|
(161)
|
(162)
|
(187)
|
(200)
|
(222)
|
(215)
|
(228)
|
(243)
|
(249)
|
(252)
|
(239)
|
(227)
|
(221)
|
(229)
|
(250)
|
(260)
|
(277)
|
(277)
|
|
Selling, General & Administrative |
(30)
|
(31)
|
(32)
|
(33)
|
(36)
|
(38)
|
(40)
|
(43)
|
(43)
|
(43)
|
(42)
|
(41)
|
(43)
|
(44)
|
(46)
|
(47)
|
(47)
|
(47)
|
(46)
|
(43)
|
(43)
|
(42)
|
(42)
|
(42)
|
(40)
|
(41)
|
(43)
|
(47)
|
(51)
|
(54)
|
(65)
|
(67)
|
(63)
|
(61)
|
(52)
|
(51)
|
(55)
|
(56)
|
(56)
|
(57)
|
(59)
|
|
Research & Development |
(61)
|
(65)
|
(68)
|
(69)
|
(71)
|
(74)
|
(79)
|
(86)
|
(92)
|
(97)
|
(101)
|
(100)
|
(102)
|
(104)
|
(99)
|
(99)
|
(102)
|
(104)
|
(108)
|
(107)
|
(110)
|
(112)
|
(117)
|
(119)
|
(122)
|
(129)
|
(139)
|
(157)
|
(164)
|
(174)
|
(178)
|
(181)
|
(189)
|
(178)
|
(176)
|
(170)
|
(174)
|
(194)
|
(203)
|
(220)
|
(218)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(9)
|
(9)
|
0
|
(4)
|
(4)
|
0
|
0
|
(4)
|
(4)
|
0
|
0
|
(18)
|
(18)
|
(18)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
59
N/A
|
69
+17%
|
75
+8%
|
75
+1%
|
76
+2%
|
86
+13%
|
101
+17%
|
121
+19%
|
137
+14%
|
140
+2%
|
134
-4%
|
117
-13%
|
104
-11%
|
99
-5%
|
94
-5%
|
105
+11%
|
109
+4%
|
88
-19%
|
66
-25%
|
59
-11%
|
68
+16%
|
81
+18%
|
98
+22%
|
107
+9%
|
98
-8%
|
100
+2%
|
131
+30%
|
174
+33%
|
246
+41%
|
268
+9%
|
275
+3%
|
261
-5%
|
214
-18%
|
154
-28%
|
88
-43%
|
48
-45%
|
41
-14%
|
54
+30%
|
84
+56%
|
93
+11%
|
94
+1%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
2
|
2
|
2
|
2
|
2
|
2
|
1
|
1
|
1
|
1
|
2
|
4
|
4
|
8
|
8
|
7
|
5
|
5
|
19
|
20
|
7
|
7
|
(7)
|
(7)
|
5
|
4
|
4
|
2
|
2
|
2
|
(0)
|
(2)
|
(1)
|
5
|
17
|
20
|
21
|
16
|
13
|
14
|
17
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(9)
|
(9)
|
0
|
0
|
(4)
|
0
|
0
|
(20)
|
(4)
|
0
|
0
|
12
|
(18)
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(0)
|
(0)
|
(0)
|
0
|
(1)
|
(1)
|
(1)
|
(3)
|
(2)
|
(1)
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
(3)
|
(3)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
61
N/A
|
71
+18%
|
77
+7%
|
78
+1%
|
79
+1%
|
88
+12%
|
103
+16%
|
121
+18%
|
139
+14%
|
141
+2%
|
136
-4%
|
121
-11%
|
99
-18%
|
96
-3%
|
99
+3%
|
109
+10%
|
110
+1%
|
93
-16%
|
86
-8%
|
59
-32%
|
72
+23%
|
87
+21%
|
92
+5%
|
113
+23%
|
86
-24%
|
104
+21%
|
134
+29%
|
176
+31%
|
247
+41%
|
270
+9%
|
274
+1%
|
259
-6%
|
213
-18%
|
158
-26%
|
105
-34%
|
67
-36%
|
61
-9%
|
69
+13%
|
94
+37%
|
105
+11%
|
109
+5%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(16)
|
(15)
|
(16)
|
(19)
|
(18)
|
(20)
|
(24)
|
(23)
|
(28)
|
(29)
|
(29)
|
(29)
|
(24)
|
(21)
|
(18)
|
(16)
|
(12)
|
(10)
|
(7)
|
(4)
|
(8)
|
(5)
|
(8)
|
(9)
|
(6)
|
(16)
|
(25)
|
(35)
|
(47)
|
(50)
|
(52)
|
(49)
|
(40)
|
(30)
|
(17)
|
(12)
|
(8)
|
(10)
|
(15)
|
(16)
|
(19)
|
|
Income from Continuing Operations |
44
|
56
|
60
|
59
|
60
|
68
|
79
|
98
|
111
|
111
|
106
|
91
|
75
|
75
|
81
|
93
|
98
|
83
|
79
|
54
|
64
|
82
|
84
|
104
|
80
|
88
|
110
|
141
|
200
|
220
|
222
|
210
|
173
|
128
|
88
|
55
|
53
|
59
|
79
|
89
|
91
|
|
Net Income (Common) |
44
N/A
|
56
+26%
|
60
+8%
|
59
-2%
|
60
+2%
|
68
+12%
|
79
+16%
|
98
+25%
|
111
+13%
|
111
+0%
|
106
-4%
|
91
-14%
|
75
-18%
|
75
-1%
|
81
+9%
|
93
+14%
|
98
+6%
|
83
-15%
|
79
-5%
|
54
-32%
|
64
+19%
|
82
+27%
|
84
+2%
|
104
+24%
|
80
-23%
|
88
+11%
|
110
+24%
|
141
+28%
|
200
+42%
|
220
+10%
|
222
+1%
|
210
-6%
|
173
-18%
|
128
-26%
|
88
-32%
|
55
-37%
|
53
-4%
|
59
+11%
|
79
+34%
|
89
+13%
|
91
+2%
|
|
EPS (Diluted) |
0.33
N/A
|
0.41
+24%
|
0.44
+7%
|
0.42
-5%
|
0.43
+2%
|
0.47
+9%
|
0.54
+15%
|
0.68
+26%
|
0.78
+15%
|
0.78
N/A
|
0.75
-4%
|
0.64
-15%
|
0.52
-19%
|
0.52
N/A
|
0.56
+8%
|
0.64
+14%
|
0.68
+6%
|
0.57
-16%
|
0.55
-4%
|
0.38
-31%
|
0.46
+21%
|
0.58
+26%
|
0.59
+2%
|
0.74
+25%
|
0.57
-23%
|
0.64
+12%
|
0.79
+23%
|
1.01
+28%
|
1.43
+42%
|
1.57
+10%
|
1.59
+1%
|
1.5
-6%
|
1.29
-14%
|
3.83
+197%
|
2.62
-32%
|
0.41
-84%
|
0.39
-5%
|
0.43
+10%
|
0.58
+35%
|
2.63
+353%
|
2.69
+2%
|