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KEMET financials

KEMET Revenue

KEMET revenue was $1.26 b in FY, 2020 which is a 8.8% year over year decrease from the previous period.

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Summary - Funding Rounds

Founding Date	1919

KEMET is a subsidiary of Yageo

KEMET Revenue Breakdown

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KEMET revenue breakdown by business segment: 45.5% from Solid Capacitors, 9.0% from Film and Electrolytic and 45.5% from MSA

KEMET revenue breakdown by geographic segment: 44.6% from Other Countries, 10.9% from United States, 8.6% from Hong Kong, 8.0% from China , 6.9% from Japan and 21.0% from Other

Annual

USD	FY, 2018	FY, 2019	FY, 2020
Revenue	1.2b	1.4b	1.3b
Revenue growth, %	58%	15%	(9%)
Cost of goods sold	859.5m	924.3m	840.1m
Gross profit	340.4m	458.5m	420.5m
Gross profit Margin, %	28%	33%	33%
R&D expense	39.6m	44.6m	49.3m
General and administrative expense	173.6m	202.6m	194.8m
Operating expense total	227.1m	257.7m	272.6m
EBIT	113.3m	200.8m	147.9m
EBIT margin, %	9%	15%	12%
Interest expense	32.9m	21.2m	11.0m
Interest income	809.0k	2.0m	3.3m
Pre tax profit	187.5m	170.4m	79.8m
Income tax expense	9.2m	(39.5m)	38.5m
Net Income	254.5m	206.6m	41.4m
EPS	4.3	3.5	0.7

Quarterly

USD	Q1, 2018	Q2, 2018	Q3, 2018	Q1, 2019	Q2, 2019	Q3, 2019	Q1, 2020	Q2, 2020	Q3, 2020
Revenue	274.0m	301.5m	306.4m	327.6m	349.2m	350.2m	345.2m	327.4m	294.7m
Cost of goods sold	197.3m	216.4m	213.9m	232.8m	235.7m	226.4m	223.6m	213.7m	201.6m
Gross profit	76.7m	85.1m	92.5m	94.8m	113.6m	123.8m	121.6m	113.7m	93.2m
Gross profit Margin, %	28%	28%	30%	29%	33%	35%	35%	35%	32%
R&D expense	9.4m	9.7m	10.0m	10.7m	11.0m	11.4m	12.2m	12.3m	12.6m
General and administrative expense	37.9m	42.4m	47.8m	48.5m	52.3m	48.3m	47.9m	49.3m	50.0m
Operating expense total	48.9m	53.4m	60.4m	59.6m	63.6m	62.1m	63.2m	64.6m	64.5m
EBIT	27.8m	31.6m	32.1m	35.2m	50.0m	61.6m	58.4m	49.1m	28.6m
EBIT margin, %	10%	10%	10%	11%	14%	18%	17%	15%	10%
Interest expense	11.0m	7.4m	7.4m	7.0m	7.3m	4.5m	2.5m	2.8m	2.8m
Interest income	66.0k	95.0k	252.0k	378.0k	375.0k	572.0k	809.0k	812.0k	904.0k
Pre tax profit	146.3m	15.5m	20.5m	39.9m	39.1m	43.7m	57.4m	(14.0m)	22.1m
Income tax expense	1.2m	2.9m	2.1m	4.6m	2.0m	2.6m	16.8m	1.7m	5.4m
Net Income	220.6m	12.8m	18.6m	35.2m	37.1m	40.8m	40.3m	(15.3m)	16.6m
EPS	3.8	0.2	0.3	0.6	0.6	0.7	0.7	0.3	0.3

Annual

USD	FY, 2018	FY, 2019	FY, 2020
Cash	286.8m	207.9m	222.4m
Accounts Receivable	144.1m	154.1m	144.7m
Prepaid Expenses	41.2m	38.9m	36.1m
Inventories	204.4m	241.1m	243.2m
Current Assets	676.5m	642.1m	646.5m
PP&E	405.3m	495.3m	552.6m
Goodwill	40.3m	40.3m	41.2m
Total Assets	1.2b	1.3b	1.4b
Accounts Payable	140.0m	153.3m	103.2m
Short-term debt	20.5m	28.4m	29.1m
Current Liabilities	284.9m	278.5m	302.7m
Long-term debt	304.1m	266.0m	235.7m
Total Debt	324.6m	294.5m	264.8m
Total Liabilities	755.3m	678.7m	745.8m
Common Stock	566.0k	578.0k	583.0k
Additional Paid-in Capital	462.7m	465.4m	474.5m
Retained Earnings	2.7m	204.2m	239.8m
Total Equity	463.0m	639.4m	647.3m
Debt to Equity Ratio	0.7 x	0.5 x	0.4 x
Debt to Assets Ratio	0.3 x	0.2 x	0.2 x
Financial Leverage	2.6 x	2.1 x	2.2 x

Quarterly

USD	Q1, 2019	Q2, 2019	Q3, 2019	Q1, 2020	Q2, 2020	Q3, 2020
Cash	244.6m	263.0m	234.4m	217.3m	192.7m	208.4m
Accounts Receivable	160.7m	157.0m	147.8m	154.5m	163.4m	142.0m
Prepaid Expenses	39.4m	36.3m	40.3m	48.2m	48.6m	42.0m
Inventories	206.0m	213.3m	233.3m	256.1m	268.2m	263.1m
Current Assets	650.7m	669.6m	655.8m	676.2m	672.9m	655.6m
PP&E	397.1m	408.1m	438.3m	518.3m	527.9m	548.6m
Goodwill	40.3m	40.3m	40.3m	40.3m	40.3m	40.3m
Total Assets	1.2b	1.2b	1.2b	1.4b	1.4b	1.4b
Accounts Payable	143.1m	138.3m	144.4m	161.9m	137.3m	111.5m
Short-term debt	20.4m	20.6m	28.4m	29.2m	29.2m	29.0m
Current Liabilities	267.2m	258.1m	274.8m	271.1m	312.7m	275.5m
Long-term debt	299.8m	296.1m	277.3m	282.9m	276.4m	282.7m
Total Debt	320.2m	316.6m	305.7m	312.1m	305.6m	311.8m
Total Liabilities	710.1m	697.0m	692.8m	714.4m	750.8m	725.0m
Common Stock	573.0k	574.0k	578.0k	580.0k	581.0k	583.0k
Additional Paid-in Capital	461.3m	465.5m	462.9m	466.7m	470.9m	471.6m
Retained Earnings	38.6m	75.7m	113.7m	241.6m	223.5m	240.1m
Total Equity	469.0m	512.6m	538.4m	676.8m	650.9m	687.3m
Debt to Equity Ratio	0.7 x	0.6 x	0.6 x	0.5 x	0.5 x	0.5 x
Debt to Assets Ratio	0.3 x	0.3 x	0.2 x	0.2 x	0.2 x	0.2 x
Financial Leverage	2.5 x	2.4 x	2.3 x	2.1 x	2.2 x	2.1 x

Annual

USD	FY, 2018	FY, 2019	FY, 2020
Net Income	254.5m	206.6m	41.4m
Depreciation and Amortization	49.8m	52.6m	62.8m
Accounts Receivable	30.1m	(8.9m)	5.7m
Inventories	(13.8m)	(42.8m)	(3.4m)
Accounts Payable	(16.1m)	7.7m	(41.4m)
Cash From Operating Activities	120.9m	131.7m	158.9m
Capital Expenditures	(65.0m)	(146.1m)	(146.3m)
Cash From Investing Activities	102.4m	(147.0m)	(143.3m)
Long-term Borrowings	(399.8m)	(344.5m)	(28.3m)
Dividends Paid		(5.8m)	(5.8m)
Cash From Financing Activities	(55.8m)	(56.7m)	8.8m
Net Change in Cash	167.4m	(71.9m)	24.4m
Interest Paid	44.9m	12.0m	6.7m
Income Taxes Paid	7.1m	10.9m	9.7m
Free Cash Flow	55.9m	(14.3m)	12.5m

Quarterly

USD	Q1, 2019	Q2, 2019	Q3, 2019	Q1, 2020	Q2, 2020	Q3, 2020
Net Income	35.2m	72.4m	113.2m	40.3m	25.1m	41.7m
Depreciation and Amortization	13.1m	25.6m	38.4m	14.3m	29.4m	45.5m
Cash From Operating Activities	(15.8m)	33.0m	82.7m	33.7m	51.7m	90.7m
Capital Expenditures	(16.0m)	(40.5m)	(77.6m)	(37.1m)	(73.4m)	(104.1m)
Cash From Investing Activities	(15.2m)	(40.7m)	(78.7m)	(38.7m)	(71.7m)	(105.5m)
Long-term Borrowings	(4.3m)	(8.6m)	(332.1m)	(367.0k)	(13.9m)	(14.3m)
Dividends Paid			(2.9m)	(2.9m)	(5.8m)	(5.8m)
Cash From Financing Activities	(4.0m)	(7.6m)	(46.1m)	15.8m	5.6m	15.4m
Net Change in Cash	(35.1m)	(15.3m)	(42.1m)	10.8m	(14.4m)	722.0k
Free Cash Flow	(31.9m)	(7.5m)	5.1m	(3.4m)	(21.7m)	(13.4m)

USD	Q1, 2018
Revenue/Employee	18.3k

	FY, 2017	Q1, 2018	Q2, 2018	Q3, 2018	FY, 2018	Q1, 2019	Q2, 2019	Q3, 2019	FY, 2019	Q1, 2020	Q2, 2020	Q3, 2020	FY, 2020
New Product Launches	12.62 k	6.96 k	9.12 k	13.87 k	42.72 k	15.83 k	16.78 k	17.36 k	31.9 k	959	8.99 k	11.75 k	13.23 k
New Products Introduced	1.4 k	187	670	741	1.08 k	83	142	260	336	259	498	736	1.36 k
Manufacturing Space, sq. ft.	3 m				4.8 m				4.9 m				4.7 m
Manufacturing Facilities	18	23	23	24	24	24	24	24	23	22	22	21	21
Patents (US)	135				313				323				339
Patents (Foreign)	66				1.01 k				1.03 k				1.02 k
Trademarks (US)	7				18				17				20
Trademarks (Foreign)	112				259				260				254