Diodes Incorporated · NASDAQ:DIOD
Diodes — Diodes Inc /Del/ — Q4 2022 Earnings Presentation
8 slides from Diodes's earnings presentation, Feb 6, 2023
Slide 1: Fourth quarter 2022 results, balance sheet and business outlook
Note: Throughout this release, we refer to “net income attributable to common stockholders” as “net income.” (See the reconciliation tables of GAAP net income to non-GAAP adjusted net income near the end of this release for further details.) Included in fourth quarter 2022 GAAP net income and non-GA
Slide 2: Reconciliation of net income to adjusted net income
Note: Throughout this release, we refer to “net income attributable to common stockholders” as “net income.” RECONCILIATION OF NET INCOME TO ADJUSTED NET INCOME For the three months ended December 31, 2022:
Slide 3: Consolidated reconciliation of net income to adjusted net income – Cont.
Note: Included in GAAP and non-GAAP net income was approximately $7.6 million, net of tax, non-cash share-based compensation expense. Excluding share-based compensation expense, both GAAP and non-GAAP diluted earnings per share would have improved by $0.16 per share. CONSOLIDATED RECONCILIATION OF N
Slide 4: Reconciliation of net income to adjusted net income, twelve months 2022
Note: Included in GAAP and non-GAAP adjusted net income was approximately $6.5 million, net of tax, non-cash share-based compensation expense. Excluding share-based compensation expense, both GAAP and non-GAAP adjusted diluted earnings per share would have improved by $0.14 per share. RECONCILIATION
Slide 5: Reconciliation of net income to adjusted net income, twelve months 2021
Note: Included in GAAP and non-GAAP adjusted net income was approximately $28.7 million, net of tax, non-cash share-based compensation expense. Excluding share-based compensation expense, both GAAP and non-GAAP adjusted diluted earnings per share would have improved by $0.62 per share. RECONCILIATIO
Slide 6: Adjusted net income and adjusted earnings per share
Note: Included in GAAP and non-GAAP adjusted net income was approximately $26.2 million, net of tax, non-cash share-based compensation expense. Excluding share-based compensation expense, both GAAP and non-GAAP adjusted diluted earnings per share would have improved by $0.57 per share. ADJUSTED NET
Slide 7: Consolidated condensed balance sheets
CONSOLIDATED CONDENSED BALANCE SHEETS (in thousands)
Slide 8: Assets and liabilities
Assets Current assets: Cash and cash equivalents Restricted Cash Short-term investments Accounts receivable, net of allowances of $5,852 and $4,324 at December 31, 2022 and December 31, 2021, respectively Inventories Prepaid expenses and other Total current assets Property, plant and equipment, net