Diodes Inc. (DIOD, Financial) filed Annual Report for the period ended 2011-12-31.
Diodes Inc has a market cap of $1.15 billion; its shares were traded at around $25.23 with a P/E ratio of 20.2 and P/S ratio of 1.8. Diodes Inc had an annual average earning growth of 14.8% over the past 10 years.
Net income attributable to common stockholders decreased 34% to $51 million (or $1.12 basic earnings per share and $1.09 diluted earnings per share) for 2011, compared to $77 million (or $1.74 basic earnings per share and $1.68 diluted earnings per share) for 2010, due primarily to increased cost of goods sold and decreased gross profit.
Cost of goods sold increased $75 million, or 24%, for 2010 to $388 million, compared to $313 million for 2009. As a percent of sales, cost of goods sold decreased from 72% for 2009 to 63% for 2010. Our average unit cost (AUP) decreased approximately 8%. The decrease in cost of goods sold as a percentage of net sales and the decrease in AUP was due to higher capacity utilization in our manufacturing operations.
Net income attributable to common stockholders increased 928% to $77 million (or $1.74 basic earnings per share and $1.68 diluted earnings per share) for 2010, compared to $8 million (or $0.18 basic earnings per share and $0.17 diluted earnings per share) for 2009, due primarily to increased net sales and improved gross profit.
In 2011, 2010 and 2009, our capital expenditures were $83 million, $87 million and $26 million, respectively , which includes $18 million of capital expenditures related to the investment agreement with the Management Committee of the Chengdu Hi-Tech Industrial Development Zone (the CDHT) for 2011. Our capital expenditures for these periods were primarily related to manufacturing expansion in our facilities in China and, to a lesser extent, our wafer fabrication facility in the U.S. and office buildings in the U.S. and China. Capital expenditures, excluding capital expenditures related to the investment agreement, for 2011 were approximately 10% of our net sales, which is at the lower end of our historical 10% to 12% of net sales model as we delayed capital investments in the third and fourth quarters in response to market conditions.
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Diodes Inc has a market cap of $1.15 billion; its shares were traded at around $25.23 with a P/E ratio of 20.2 and P/S ratio of 1.8. Diodes Inc had an annual average earning growth of 14.8% over the past 10 years.
Highlight of Business Operations:
Many of our customers are based in Asia or have manufacturing facilities in Asia. Net sales by country consists of sales to customers in that country based on the country to which products are billed. For the year ended December 31, 2011, approximately 33%, 22%, 17%, 10% and 18% of our net sales were derived from China, Taiwan, the United States (U.S.), Europe and all other markets, respectively, compared to 31%, 23%, 22%, 11% and 13% in 2010, respectively.Net income attributable to common stockholders decreased 34% to $51 million (or $1.12 basic earnings per share and $1.09 diluted earnings per share) for 2011, compared to $77 million (or $1.74 basic earnings per share and $1.68 diluted earnings per share) for 2010, due primarily to increased cost of goods sold and decreased gross profit.
Cost of goods sold increased $75 million, or 24%, for 2010 to $388 million, compared to $313 million for 2009. As a percent of sales, cost of goods sold decreased from 72% for 2009 to 63% for 2010. Our average unit cost (AUP) decreased approximately 8%. The decrease in cost of goods sold as a percentage of net sales and the decrease in AUP was due to higher capacity utilization in our manufacturing operations.
Net income attributable to common stockholders increased 928% to $77 million (or $1.74 basic earnings per share and $1.68 diluted earnings per share) for 2010, compared to $8 million (or $0.18 basic earnings per share and $0.17 diluted earnings per share) for 2009, due primarily to increased net sales and improved gross profit.
In 2011, 2010 and 2009, our capital expenditures were $83 million, $87 million and $26 million, respectively , which includes $18 million of capital expenditures related to the investment agreement with the Management Committee of the Chengdu Hi-Tech Industrial Development Zone (the CDHT) for 2011. Our capital expenditures for these periods were primarily related to manufacturing expansion in our facilities in China and, to a lesser extent, our wafer fabrication facility in the U.S. and office buildings in the U.S. and China. Capital expenditures, excluding capital expenditures related to the investment agreement, for 2011 were approximately 10% of our net sales, which is at the lower end of our historical 10% to 12% of net sales model as we delayed capital investments in the third and fourth quarters in response to market conditions.
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