Silicon Labs Announces Third Quarter 2020 Results

 

Unaudited Reconciliation of GAAP to Non-GAAP Financial Measures

(In thousands, except per share data)


Non-GAAP Income
Statement Items


Three Months Ended

October 3, 2020



GAAP

Measure


GAAP

Percent of
Revenue


Stock

Compensation
Expense


Intangible
Asset
Amortization


Acquisition
Related
Items


Restructuring
Charges


Non-GAAP

Measure


Non-GAAP

Percent of
Revenue

Revenues


$221,350
































Gross profit


130,074


58.8%


$     390


$        --


$1,233


$   --


$131,697


59.5%


















Research and

   development


71,969


32.5%


7,384


8,954


--


37


55,594


25.1%


















Selling, general and

   administrative


48,483


 

22.0%


6,785


2,894


--


153


38,651


 

17.5%


















Operating income


9,622


4.3%


14,559


11,848


1,233


190


37,452


16.9%



Non-GAAP
Earnings Per Share


Three Months Ended
October 3, 2020



GAAP

Measure


Stock

Compensation
Expense*


Intangible
Asset
Amortization*


Acquisition
Related
Items*


Restructuring
Charges*


Interest
Expense

Adjustments*


Income

Tax

Adjustments


Non-
GAAP
Measure

Net income


$  3,162


$14,559


$11,848


$1,233


$190


$6,373


$(4,853)


$32,512


















Diluted shares

   outstanding


 

44,328














44,328


















Diluted earnings

   per share


$    0.07














 

$    0.73


* Represents pre-tax amounts


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