Diodes was founded in 1959 and is headquartered in Plano, US

President and Chief Executive Officer

Chief Financial Officer, Secretary and Treasurer

Senior Vice President, Sales and Marketing

Diodes has an office in Plano

Plano, US (HQ)

4949 Hedgcoxe Road

Diodes's revenue was reported to be $236.3 m in Q1, 2017

USD

## Revenue (Q1, 2017) | 236.3 m |

## Gross profit (Q1, 2017) | 73.9 m |

## Gross profit margin (Q1, 2017), % | 31% |

## Net income (Q1, 2017) | 1.5 m |

## EBIT (Q1, 2017) | 9.4 m |

## Market capitalization (18-Aug-2017) | 1.3 b |

## Cash (31-Mar-2017) | 265.1 m |

Diodes's current market capitalization is $1.3 b.

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Revenue | 826.8 m | 890.7 m | 848.9 m | 942.2 m |

## Revenue growth, % | 8% | (5%) | 11% | |

## Cost of goods sold | 600.3 m | 655.2 m | ||

## Gross profit | 248.6 m | 286.9 m | ||

## Gross profit Margin, % | 29% | 30% | ||

## R&D expense | 69.9 m | |||

## General and administrative expense | 158.3 m | |||

## Operating expense total | 228.2 m | |||

## EBIT | 42.3 m | 42.1 m | 38.1 m | |

## EBIT margin, % | 5% | 5% | 4% | |

## Interest expense | 4.2 m | 13.3 m | ||

## Interest income | 1 m | 1.4 m | ||

## Income tax expense | 14.1 m | 6.6 m | ||

## Net Income | 24.1 m | 65.6 m | 26.5 m | 18.5 m |

USD | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|

## Revenue | 208.9 m | 222.7 m | 236.6 m | 250.7 m | 236.3 m |

## Cost of goods sold | 147.3 m | 158.5 m | 161.8 m | 170.1 m | 162.4 m |

## Gross profit | 61.6 m | 64.2 m | 74.8 m | 80.6 m | 73.9 m |

## Gross profit Margin, % | 30% | 29% | 32% | 32% | 31% |

## R&D expense | 13.7 m | 18.1 m | 17 m | 17.1 m | 18 m |

## General and administrative expense | 34.7 m | 39.5 m | 41.4 m | 38.3 m | 39.7 m |

## Operating expense total | 48.4 m | 57.6 m | 58.4 m | 55.4 m | 57.7 m |

## EBIT | 10 m | 1.5 m | 11.3 m | 20 m | 9.4 m |

## EBIT margin, % | 5% | 1% | 5% | 8% | 4% |

## Interest expense | 2.5 m | 3.7 m | 3.7 m | 3.5 m | |

## Interest income | 456 k | 298 k | 321 k | 295 k | |

## Income tax expense | 6.6 m | (552 k) | 2.4 m | 4.1 m | 560 k |

## Net Income | 3.6 m | (1.5 m) | 6.4 m | 11.5 m | 1.5 m |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 196.6 m | 243 m | 218.4 m | 247.8 m |

## Accounts Receivable | 192.3 m | 188.2 m | ||

## Inventories | 180.4 m | 182 m | 202.8 m | 193.5 m |

## Current Assets | 650.1 m | 686.8 m | 750.6 m | 732.8 m |

## PP&E | 322 m | 309.9 m | 439.3 m | 402 m |

## Goodwill | 84.7 m | 81.2 m | 132.9 m | 129.4 m |

## Total Assets | 1.2 b | 1.2 b | 1.6 b | 1.5 b |

## Accounts Payable | 89.2 m | 79.4 m | 86.5 m | 87.6 m |

## Total Debt | 466.2 m | 427.5 m | ||

## Current Liabilities | 156.9 m | 149.3 m | 179.7 m | 185.4 m |

## Total Liabilities | 708.1 m | |||

## Additional Paid-in Capital | 289.7 m | 314.9 m | 344.1 m | 354.6 m |

## Retained Earnings | 426.3 m | 490 m | 514.3 m | 530.2 m |

## Total Equity | 743.7 m | 810.2 m | 843 m | 820.5 m |

## Debt to Equity Ratio | 0.6 x | 0.5 x | ||

## Debt to Assets Ratio | 0.3 x | 0.3 x | ||

## Financial Leverage | 1.6 x | 1.5 x | 1.9 x | 1.9 x |

USD | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|

## Cash | 188.8 m | 237 m | 192.6 m | 220.5 m | 265.1 m |

## Inventories | 197.7 m | 205 m | 209.9 m | 204.3 m | 191.3 m |

## Current Assets | 663.1 m | 744.5 m | 718.3 m | 739.5 m | 739.2 m |

## PP&E | 371 m | 431.2 m | 425.2 m | 415.6 m | 405.2 m |

## Goodwill | 79.4 m | 134.1 m | 131.4 m | 131.7 m | 131.1 m |

## Total Assets | 1.2 b | 1.6 b | 1.5 b | 1.6 b | 1.5 b |

## Accounts Payable | 86.4 m | 87.4 m | 93.3 m | 90.5 m | 90.8 m |

## Current Liabilities | 187.6 m | 173.1 m | 180.1 m | 172.6 m | 187.9 m |

## Additional Paid-in Capital | 335.8 m | 346.1 m | 349.4 m | 353.5 m | 361.4 m |

## Retained Earnings | 519.1 m | 512.5 m | 518.3 m | 528.9 m | 535.7 m |

## Total Equity | 857.5 m | 846.3 m | 839.9 m | 843.4 m | 844.2 m |

## Financial Leverage | 1.4 x | 1.9 x | 1.8 x | 1.8 x | 1.8 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | 24.1 m | 65.6 m | 26.5 m | 18.5 m |

## Depreciation and Amortization | 73.6 m | 76.8 m | 80.1 m | 99 m |

## Accounts Receivable | (18 m) | 1.8 m | (9.7 m) | 533 k |

## Inventories | 14.9 m | (2.8 m) | (2.2 m) | 5.2 m |

## Accounts Payable | (8.6 m) | (9.5 m) | (8.6 m) | 2.6 m |

## Cash From Operating Activities | 109.9 m | 134.3 m | 118.1 m | 124.7 m |

## Purchases of PP&E | (47.1 m) | (57.8 m) | (133.2 m) | (58.5 m) |

## Cash From Investing Activities | (186.4 m) | (42.8 m) | (459.4 m) | (27.4 m) |

## Long-term Borrowings | (42.1 m) | (42.7 m) | (66 m) | (79.9 m) |

## Cash From Financing Activities | 112.4 m | (35.8 m) | 321.4 m | (63.5 m) |

## Interest Paid | 4.4 m | 3.3 m | 2.8 m | 11.7 m |

## Income Taxes Paid | 10.4 m | 14.1 m | 17.2 m | 17.1 m |

USD | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|

## Net Income | 3.6 m | (1.5 m) | 6.4 m | 11.5 m | 1.5 m |

## Inventories | 197.7 m | 205 m | 209.9 m | 204.3 m | 191.3 m |

## Accounts Payable | 86.4 m | 87.4 m | 93.3 m | 90.5 m | 90.8 m |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 30.7 k |

## Financial Leverage | 1.8 x |

Diodes's Backlog was reported to be $175.7 m in FY, 2016, which is a 45% increase from the previous period. Diodes's Units Shipped was reported to be 41 b in FY, 2016, which is a 2% increase from the previous period

Source: 10 public H-1B filings from Diodes

December 20, 2016

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