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Income Statement
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Cash Flow Statement
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Common Size IS
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FORMFACTOR INC (FORM)

Income Statement Business | Product | Geographic | Customer

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-25-21Dec-26-20Dec-28-19Dec-29-18Dec-30-17Dec-31-16Dec-26-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Products transferred at a point in time  732.2754.8684.4582.8523.5543.1  
    Probe Cards  591.4633.3581.7491.4434.3454.8 282.4
    DRAM  133.4156.0109.7147.3135.3124.7 125.5
    Systems  156.5136.4111.998.195.493.6  
Total revenues  747.9769.7693.6589.5529.7548.4383.9282.4
            Revenue growth   [+]-2.8%11.0%17.7%11.3%-3.4%42.9%36.0%5.1%
Cost of goods sold  461.3465.7433.7379.6348.7332.8281.2196.6
Gross profit  286.6304.0259.9209.8181.0215.6102.785.7
            Gross margin  38.3%39.5%37.5%35.6%34.2%39.3%26.7%30.4%
Selling, general and administrative  131.9123.8115.1106.399.395.573.445.1
Research and development  109.2100.989.081.575.073.857.544.2
Other operating expenses  -9.4-18.8-30.9-27.7-29.4   
EBITDA   [+]83.6123.9107.466.850.490.918.620.2
            EBITDA margin  11.2%16.1%15.5%11.3%9.5%16.6%4.8%7.2%
Depreciation  19.37.0-7.3-10.5-15.113.611.410.6
EBITA  64.3116.9114.777.365.577.27.29.6
            EBITA margin  8.6%15.2%16.5%13.1%12.4%14.1%1.9%3.4%
Amortization of intangibles  9.418.728.027.729.430.935.413.1
EBIT   [+]54.998.186.749.736.146.3-28.2-3.5
            EBIT margin  7.3%12.7%12.5%8.4%6.8%8.4%-7.3%-1.3%
Non-recurring items   0.12.9   19.70.6
Interest expense, net   [+]-1.60.0-0.6-0.82.03.92.1-0.3
Other income (expense), net   [+]1.30.50.80.6-0.2-0.2-0.22.5
Pre-tax income  57.998.585.251.133.942.2-50.2-1.3
Income taxes  7.114.66.711.7-70.11.3-43.60.3
            Tax rate  12.3%14.8%7.8%22.9% 3.1%86.9% 
Net income  50.783.978.539.3104.040.9-6.6-1.5
            Net margin  6.8%10.9%11.3%6.7%19.6%7.5%-1.7%-0.5%
   
Basic EPS   [+]$0.65$1.08$1.02$0.52$1.42$0.57($0.10)($0.03)
Diluted EPS   [+]$0.65$1.06$0.99$0.51$1.38$0.55($0.10)($0.03)
   
Shares outstanding (basic)   [+]77.677.876.775.073.572.364.957.9
Shares outstanding (diluted)   [+]78.279.179.077.375.274.264.957.9
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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