← Silicon Motion Technology CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $110.9m | $75.0m | $98.1m | $64.4m | $79.7m | $200.0m | $172.5m | $52.9m | $89.2m | $122.6m | — | |
| Depreciation, Depletion and Amortization | $9.5m | $10.6m | $11.8m | $12.4m | $13.6m | $17.2m | $18.9m | $21.8m | $25.3m | $30.2m | $33.7m | |
| Amortization of Intangible Assets | $2.1m | $2.5m | $3.0m | $766k | $0 | $0 | — | — | — | — | — | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $18.9m | $21.8m | $25.3m | $30.2m | $33.7m | |
| Deferred Income Tax Expense (Benefit) | ($3.4m) | $581k | ($1.7m) | $1.1m | ($667k) | ($1.7m) | ($2.5m) | $428k | ($422k) | ($173k) | — | |
| Deferred Tax | — | — | — | — | — | — | ($2.5m) | $428k | ($422k) | ($173k) | — | |
| Share-based Payment Arrangement, Noncash Expense | $17.4m | $15.5m | $20.8m | $14.6m | $14.6m | $19.5m | $26.7m | $17.5m | $17.0m | $26.3m | $33.1m | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | — | — | — | $154.8m | $203.3m | $33.1m | |
| Goodwill and Intangible Asset Impairment | — | — | $4.1m | $16.0m | $17.5m | $0 | — | — | — | — | — | |
| Goodwill, Impairment Loss | $0 | $10.3m | — | $15.7m | $17.5m | — | $0 | — | — | — | — | |
| Impairment of Intangible Assets, Finite-lived | — | — | $3.4m | $255k | — | — | — | — | — | — | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | $0 | $0 | — | — | — | — | — | — | — | — | — | |
| Asset Impairment Charge | — | — | — | — | — | $0 | $0 | — | — | — | — | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | — | — | ($473k) | — | — | — | — | — | $58k | $21.1m | — | |
| Nonoperating Income (Expense) | $1.4m | $3.7m | $5.0m | $19.9m | $5.1m | $1.4m | ($1.3m) | $21.2m | $16.5m | $47.1m | — | |
| Other Nonoperating Income (Expense) | $42k | ($19k) | $58k | $103k | ($36k) | ($77k) | $1k | $8k | $0 | $18k | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($131.0m) | $64.4m | ($53.4m) | ($78.2m) | ($289.5m) | |
| Change In Receivables | — | — | — | — | — | — | $2.5m | $11.4m | ($39.0m) | $22.2m | — | |
| Changes In Account Receivables | — | — | — | — | — | — | $2.5m | $11.4m | ($39.0m) | $22.2m | — | |
| Increase (Decrease) in Inventories | $24.8m | $22.3m | ($12.7m) | $10.2m | $21.7m | $78.1m | $102.8m | ($72.1m) | ($4.9m) | $215.2m | — | |
| Inventory Write-down | $3.0m | $698k | $2.1m | $9.1m | $6.9m | $5.7m | $15.8m | $7.9m | $6.1m | $1.4m | — | |
| Change In Inventory | — | — | — | — | — | — | ($102.8m) | $72.1m | $4.9m | ($215.2m) | — | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | ($46.2m) | ($16.6m) | ($19.5m) | $134.2m | — | |
| Change In Accrued Expense | — | — | — | — | — | — | $676k | ($1.6m) | $12.8m | $107.9m | — | |
| Gain (Loss) on Disposition of Other Assets | — | $1.9m | — | — | — | — | — | — | — | — | — | |
| Change In Other Current Assets | — | — | — | — | — | — | ($673k) | ($7k) | ($951k) | ($20k) | — | |
| Change In Other Current Liabilities | — | — | — | — | — | — | $12.6m | $4.1m | $3.0m | ($6.3m) | — | |
| Net Cash Provided by (Used in) Operating Activities | $125.6m |
$103.9m
-17.27%
|
$108.2m
+4.20%
|
$77.7m
-28.22%
|
$117.2m
+50.88%
|
$174.7m
+49.02%
|
$83.9m
-51.98%
|
$149.1m
+77.71%
|
$77.1m
-48.29%
|
$61.4m
-20.41%
|
($66.6m)
-208.61%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $12.2m | $11.7m | $74.9m | $11.0m | $19.5m | $24.7m | $32.9m | $50.3m | $44.4m | $55.1m | ($53.8m) | |
| Property, plant and equipment acquisitions funded by liabilities | $12.2m | $11.7m | $74.9m | $11.0m | $19.5m | $24.7m | $32.9m | $50.3m | $44.4m | $55.1m | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($33k) | ($4k) | ($66k) | ($22k) | ($143k) | ($208k) | ($7k) | $215k | ($7k) | ($108k) | ($115.1m) | |
| Gain (Loss) on Sale of Investments | $2k | $103k | $134k | $48k | $169k | — | — | — | — | — | — | |
| Restricted Cash and Investments, Current | $44.4m | $19.5m | $19.2m | $24.1m | $24.1m | $48.5m | $49.5m | $49.7m | $54.6m | $71.3m | — | |
| Unrealized Gain (Loss) on Investments | — | — | — | — | — | — | $896k | $8.0m | $543k | $18.4m | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | $2.9m | — | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | — | — | ($79.6m) | $34.7m | ($21.5m) | ($28.2m) | ($32.9m) | ($49.1m) | ($44.1m) | ($27.4m) | ($26.1m) | |
| Cash flows from financing activities: | ||||||||||||
| Issuance Of Debt | — | — | — | — | — | $0 | $40.0m | $0 | $0 | — | — | |
| Long Term Debt Issuance | — | — | — | — | — | $0 | $40.0m | $0 | $0 | — | — | |
| Long Term Debt Payments | — | — | — | — | — | $0 | ($40.0m) | $0 | $0 | — | — | |
| Net Issuance Payments Of Debt | — | — | — | — | — | $0 | $0 | $0 | $0 | — | — | |
| Net Short Term Debt Issuance | — | — | — | — | — | $0 | $0 | $0 | — | — | — | |
| Repayment Of Debt | — | — | — | — | — | $0 | ($40.0m) | $0 | $0 | — | — | |
| Short Term Debt Issuance | — | — | — | — | — | $0 | $40.0m | $0 | — | — | — | |
| Short Term Debt Payments | — | — | — | — | — | $0 | ($40.0m) | $0 | — | — | — | |
| Payments for Repurchase of Common Stock | — | — | $33.5m | $26.2m | $25.0m | $45.7m | $133.2m | $0 | $0 | $24.3m | — | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($49.9m) | ($16.7m) | ($67.3m) | ($67.2m) | — | |
| Common Stock Payments | — | — | — | — | — | — | ($133.2m) | $0 | $0 | ($24.3m) | $0 | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($133.2m) | $0 | $0 | ($24.3m) | $0 | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($133.2m) | $0 | $0 | ($24.3m) | $0 | |
| Dividends paid | $23 | $32 | $43 | $44 | $49 | $54 | $50 | $17 | $67 | $67 | ($67.3m) | |
| Dividends Payable, Current | $21 | $32 | $33 | $37 | $37 | $52 | $1 | $51 | $51 | $51 | — | |
| Dividends Payable | — | — | — | — | $37 | $52 | $0 | $50 | $51 | $50 | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($49.9m) | ($16.7m) | ($67.3m) | ($67.2m) | ($67.3m) | |
| Net Cash Provided by (Used in) Financing Activities | — | — | ($101.8m) |
($70.3m)
+31.00%
|
($73.9m)
-5.20%
|
($99.7m)
-34.93%
|
($183.1m)
-83.58%
|
($16.7m)
+90.88%
|
($67.3m)
-302.97%
|
($91.5m)
-36.07%
|
($8.2m)
+91.09%
|
|
| Beginning Cash Position | — | — | — | — | — | — | $415.5m | $287.1m | $369.0m | $334.3m | $282.3m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $381.5m | $307.1m | $348.3m | $369.2m | $415.5m | $287.1m | $369.0m | $334.3m | $277.1m | $181.4m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $2.8m | ($1.2m) | ($977k) | ($812k) | ($487k) | $3.7m | ($1.4m) | ($408k) | $303k | $392k | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | $3.7m | ($1.4m) | ($408k) | $303k | $392k | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | — | — | $0 | $71k | $0 | $0 | — | — | |
| Income Taxes Paid, Net | — | — | — | — | — | — | $34.0m | $36.3m | $10.1m | $16.7m | — | |
| Non-cash transactions: | ||||||||||||
| Additional Financial Items | ||||||||||||
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment | — | — | — | — | — | — | ($156k) | $0 | $0 | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($692k) | ($157k) | ($615k) | $148k | $619k | $193k | ($4.9m) | $914k | $1.4m | ($2.1m) | — | |
| Gain (Loss) on Disposition of Assets | — | $1.9m | — | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Termination of Lease | — | — | — | — | — | — | — | ($230k) | $0 | $0 | — | |
| Gain (Loss) Related to Litigation Settlement | — | — | — | — | — | — | ($390k) | ($1.3m) | ($1.2m) | $0 | — | |
| General and Administrative Expense | $17.1m | $16.9m | $17.6m | $17.9m | $15.6m | $21.8m | $31.4m | $27.9m | $31.4m | $37.4m | — | |
| Goodwill | $68.7m | $59.0m | $58.3m | $17.5m | $0 | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $27.7m | $24.0m | $11.8m | $7.7m | $5.8m | $47.3m | $40.1m | $8.2m | $18.2m | $17.5m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $0 | — | — | |
| Operating Expenses | $137.3m | $155.8m | $156.0m | $170.0m | $179.7m | $214.9m | $251.9m | $230.5m | $277.9m | $334.5m | — | |
| Proceeds from Stock Options Exercised | $93k | $380k | $0 | $0 | — | — | — | — | — | — | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($183.1m) | ($16.7m) | ($67.3m) | ($91.5m) | ($8.2m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($32.9m) | ($49.1m) | ($44.1m) | ($27.4m) | ($26.1m) | |
| Change In Account Payable | — | — | — | — | — | — | ($44.7m) | $19.6m | ($37.8m) | $17.0m | — | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($132.1m) | $83.3m | ($34.2m) | ($57.6m) | — | |
| Change In Income Tax Payable | — | — | — | — | — | — | ($2.1m) | ($34.6m) | $5.6m | $9.3m | — | |
| Change In Payable | — | — | — | — | — | — | ($46.8m) | ($15.0m) | ($32.2m) | $26.3m | — | |
| Change In Prepaid Assets | — | — | — | — | — | — | $3.6m | ($6.6m) | ($1.8m) | ($13.1m) | — | |
| Change In Tax Payable | — | — | — | — | — | — | ($2.1m) | ($34.6m) | $5.6m | $9.3m | — | |
| Changes In Cash | — | — | — | — | — | — | ($132.1m) | $83.3m | ($34.2m) | ($57.6m) | ($100.9m) | |
| End Cash Position | — | — | — | — | — | — | $287.1m | $369.0m | $334.3m | $277.1m | $181.4m | |
| Financing Cash Flow | — | — | — | — | — | — | ($183.1m) |
($16.7m)
+90.88%
|
($67.3m)
-302.97%
|
($91.5m)
-36.07%
|
($8.2m)
+91.09%
|
|
| Free Cash Flow | — | — | — | — | — | — | $51.0m | $98.8m | $32.7m | $6.3m | ($120.5m) | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | — | — | ($58k) | ($21.1m) | ($115.2m) | |
| Gain Loss On Sale Of Business | — | — | — | — | — | $0 | $0 | $230k | — | — | — | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | $7k | ($215k) | $7k | $108k | — | |
| Investing Cash Flow | — | — | — | — | — | — | ($32.9m) | ($49.1m) | ($44.1m) | ($27.4m) | ($26.1m) | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $0 | $0 | $259k | $27.6m | $27.6m | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($32.9m) | ($49.1m) | ($44.3m) | ($55.0m) | ($53.6m) | |
| Operating Gains Losses | — | — | — | — | — | — | $163k | ($215k) | ($51k) | ($21.0m) | ($115.1m) | |
| Pension And Employee Benefit Expense | — | — | — | — | — | $0 | $156k | $0 | $0 | — | — | |
| Purchase Of Investment | — | — | — | — | — | — | $0 | $0 | ($4.2m) | $0 | ($4.2m) | |
| Purchase Of PPE | $12.2m | $11.7m | $74.9m | $11.0m | $19.5m | $24.7m | ($32.9m) | ($50.3m) | ($44.4m) | ($55.1m) | ($53.8m) | |
| Sale Of Investment | — | — | — | — | — | — | $0 | $0 | $4.4m | $27.6m | $27.6m | |
| Sale Of PPE | — | — | — | — | — | — | $0 | $1.2m | $3k | $87k | $161k | |
| Stock Based Compensation | — | — | — | — | — | — | $26.7m | $17.5m | $17.0m | $26.3m | $33.1m | |
| Unrealized Gain Loss On Investment Securities | — | — | — | — | — | — | ($896k) | ($8.0m) | ($543k) | ($18.4m) | — |