Silicon Laboratories Inc. (SLAB) Financial Statements (2024 and earlier)

Company Profile

Business Address 400 W CESAR CHAVEZ
AUSTIN, TX 78701
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:249,538439,224417,085505,8761,152,0761,191,939
Cash and cash equivalents191,489227,504159,928234,813716,377499,915
Short-term investments141,201211,720257,157271,063435,699692,024
Other undisclosed cash, cash equivalents, and short-term investments(83,152)     
Receivables32,61629,295102,14298,25687,69471,437
Inventory, net of allowances, customer advances and progress billings198,206194,295167,581145,523133,236100,417
Inventory198,206194,295167,581145,523133,236100,417
Other undisclosed current assets165,76075,11786,72771,32287,73497,570
Total current assets:646,120737,931773,535820,9771,460,7401,461,363
Noncurrent Assets
Property, plant and equipment142,155145,890150,839152,358152,110152,016
Long-term investments and receivables      27,478
Long-term investments      27,478
Intangible assets, net (including goodwill)429,842435,922442,133448,392454,786461,296
Goodwill376,389376,389376,389376,389376,389376,389
Intangible assets, net (excluding goodwill)53,45359,53365,74472,00378,39784,907
Other noncurrent assets  123,313   67,275
Other undisclosed noncurrent assets126,036 108,55597,07293,812 
Total noncurrent assets:698,033705,125701,527697,822700,708708,065
TOTAL ASSETS:1,344,1531,443,0561,475,0621,518,7992,161,4482,169,428
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities44,57557,49848,08655,10271,43789,860
Accounts payable44,57557,49848,08655,10271,43789,860
Debt  45,00045,00080,000530,096 
Other liabilities62,86358,95561,99172,33980,54089,136
Other undisclosed current liabilities3,9212,11710,06611,10511,2586,780
Total current liabilities:111,359163,570165,143218,546693,331185,776
Noncurrent Liabilities
Long-term debt and lease obligation      529,573
Long-term debt, excluding current maturities      529,573
Liabilities, other than long-term debt67,23370,80449,99741,35648,66349,071
Other liabilities67,23370,80449,99741,35648,66349,071
Total noncurrent liabilities:67,23370,80449,99741,35648,663578,644
Total liabilities:178,592234,374215,140259,902741,994764,420
Equity
Equity, attributable to parent1,165,5611,208,6821,259,9221,258,8971,419,4541,405,008
Common stock333333
Additional paid in capital29,83016,973    
Accumulated other comprehensive loss(477)(1,025)(2,599)(4,090)(6,463)(10,688)
Retained earnings1,136,2051,192,7311,262,5181,262,9841,425,9141,415,693
Total equity:1,165,5611,208,6821,259,9221,258,8971,419,4541,405,008
TOTAL LIABILITIES AND EQUITY:1,344,1531,443,0561,475,0621,518,7992,161,4482,169,428

Income Statement (P&L) ($ in thousands)

6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
Revenues106,37586,845203,760244,866246,787257,325
Cost of revenue(51,306)(42,919)(84,735)(101,091)(92,927)(100,028)
Gross profit:55,06943,926119,025143,775153,860157,297
Operating expenses(114,203)(117,037)(106,808)(126,608)(134,287)(133,222)
Operating income (loss):(59,134)(73,111)12,21717,16719,57324,075
Nonoperating income
(Investment Income, Nonoperating)
2,7323,6112,9387,7804,8364,299
Interest and debt expense(509)(943)(1,359)(1,596)(1,656)(1,849)
Income (loss) from continuing operations before equity method investments, income taxes:(56,911)(70,443)13,79623,35122,75326,525
Income (loss) from equity method investments  (14,880)(60)(57)(1,033)415
Income (loss) from continuing operations before income taxes:(56,911)(85,323)13,73623,29421,72026,940
Income tax expense (benefit)38515,536(3,388)(12,338)(7,753)(1,579)
Net income (loss) available to common stockholders, diluted:(56,526)(69,787)10,34810,95613,96725,361

Comprehensive Income ($ in thousands)

6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
Net income (loss):(56,526)(69,787)10,34810,95613,96725,361
Comprehensive income (loss):(56,526)(69,787)10,34810,95613,96725,361
Other undisclosed comprehensive income, net of tax, attributable to parent5481,5741,4912,3734,2255,779
Comprehensive income (loss), net of tax, attributable to parent:(55,978)(68,213)11,83913,32918,19231,140

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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