| Silicon Motion Technology Corporation | |||||||
| Consolidated Statements of Income | |||||||
| (in thousands, except percentages, and per ADS data, unaudited) | |||||||
| For the Six Months Ended | |||||||
|
Jun. 30, 2016
( $) |
Jun. 30,2017
( $) | ||||||
| Net Sales | 253,368 | 260,023 | |||||
| Cost of sales | 128,286 | 130,586 | |||||
| Gross profit | 125,082 | 129,437 | |||||
| Operating expenses | |||||||
| Research & development | 40,432 | 48,814 | |||||
| Sales & marketing | 12,566 | 11,346 | |||||
| General & administrative | 7,146 | 7,970 | |||||
| Amortization of intangibles assets | 1,052 | 1,052 | |||||
| Operating income | 63,886 | 60,255 | |||||
| Non-operating expense (income) | |||||||
| Interest income, net | 866 | 1,717 | |||||
| Foreign exchange gain (loss), net | (428 | ) | (420 | ) | |||
| Others, net | 20 | (10 | ) | ||||
| Subtotal | 458 | 1,287 | |||||
| Income before income tax | 64,344 | 61,542 | |||||
| Income tax expense | 12,283 | 13,998 | |||||
| Net income | 52,061 | 47,544 | |||||
| Earnings per basic ADS | $ | 1.48 | $ | 1.34 | |||
| Earnings per diluted ADS | $ | 1.47 | $ | 1.32 | |||
| Margin Analysis: | |||||||
| Gross margin | 49.4 | % | 49.8 | % | |||
| Operating margin | 25.2 | % | 23.2 | % | |||
| Net margin | 20.6 | % | 18.3 | % | |||
| Additional Data: | |||||||
| Weighted avg. ADS equivalents | 35,143 | 35,594 | |||||
| Diluted ADS equivalents | 35,444 | 35,887 | |||||
