Income Statement Bison Electronics Inc.

Stocks

3659

TW0003659009

Computer Hardware

End-of-day quote Taipei Exchange 2026-08-25			5-day change	1st Jan Change
13.75 ^TWD	-0.72%		-1.79%	-51.07%

08-13	Bison Electronics Inc. Reports Earnings Results for the Half Year Ended June 30, 2026	CI
03-27	Bison Electronics Inc. Reports Earnings Results for the Full Year Ended December 31, 2025	CI

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Published financial data: BISON ELECTRONICS INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	1.91B	2.06B	2.51B	2.74B	2.71B
Total Revenues	1.91B	2.06B	2.51B	2.74B	2.71B
Cost of Goods Sold, Total	1.56B	1.71B	2.07B	2.23B	2.27B
Gross Profit	345M	349M	439M	504M	443M
Selling General & Admin Expenses, Total	137M	143M	161M	186M	185M
Provision for Bad Debts	537K	-112K	647K	-61K	-101K
R&D Expenses	73.78M	81.08M	87.13M	90.48M	87.37M
Other Operating Expenses, Total	211M	223M	249M	277M	272M
Operating Income	134M	125M	191M	228M	171M
Interest Expense, Total	-2.58M	-2.88M	-5.38M	-7.11M	-5.17M
Interest And Investment Income	38K	368K	3.9M	6.9M	5.3M
Net Interest Expenses	-2.54M	-2.51M	-1.47M	-205K	137K
Currency Exchange Gains (Loss)	-8.52M	19.15M	-11.96M	49.54M	-26.59M
Other Non Operating Income (Expenses)	4.26M	2.14M	2.57M	4.58M	3.77M
EBT, Excl. Unusual Items	127M	144M	180M	282M	149M
Gain (Loss) On Sale Of Assets	-53K	-216K	-373K	-636K	-5K
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	127M	144M	179M	281M	149M
Income Tax Expense	20.76M	29.74M	42.01M	66.93M	47.61M
Earnings From Continuing Operations	106M	114M	137M	214M	101M
Net Income to Company	106M	114M	137M	214M	101M
Net Income - (IS)	106M	114M	137M	214M	101M
Net Income to Common Incl Extra Items	106M	114M	137M	214M	101M
Net Income to Common Excl. Extra Items	106M	114M	137M	214M	101M
Per Share Items
Net EPS - Basic	1.97	2.11	2.54	3.95	1.87
Basic EPS - Continuing Operations	1.97	2.11	2.54	3.95	1.87
Basic Weighted Average Shares Outstanding	54.12M	54.12M	54.12M	54.12M	54.12M
Net EPS - Diluted	1.92	2.05	2.47	3.88	1.84
Diluted EPS - Continuing Operations	1.92	2.05	2.47	3.88	1.84
Diluted Weighted Average Shares Outstanding	55.46M	55.8M	55.51M	55.14M	54.93M
Normalized Basic EPS	1.47	1.67	2.08	3.25	1.72
Normalized Diluted EPS	1.43	1.62	2.02	3.19	1.69
Dividend Per Share	0.55	1	1.5	1.9	-
Payout Ratio	55.49	25.83	39.4	37.94	101.72
Supplemental Items
EBITDA	165M	159M	229M	268M	222M
EBITA	134M	126M	191M	228M	171M
EBIT	134M	125M	191M	228M	171M
EBITDAR	168M	162M	232M	272M	227M
Effective Tax Rate - (Ratio)	16.33	20.65	23.42	23.82	32.01
Current Domestic Taxes	19.88M	42.14M	-	-	-
Total Current Taxes	19.88M	42.14M	42.82M	52.78M	53.52M
Deferred Domestic Taxes	880K	-12.41M	-810K	-	-
Total Deferred Taxes	880K	-12.41M	-810K	14.14M	-5.92M
Normalized Net Income	79.51M	90.15M	112M	176M	92.94M
Interest on Long-Term Debt	564K	333K	52K	408K	598K
Supplemental Operating Expense Items
Selling and Marketing Expenses	43.74M	49.18M	60.75M	63.56M	57.53M
General and Administrative Expenses	92.99M	93.32M	100M	123M	127M
Research And Development Expense From Footnotes	73.78M	81.08M	87.13M	90.48M	87.37M
Net Rental Expense, Total	2.39M	3.11M	3.66M	3.43M	4.22M
Imputed Operating Lease Interest Expense	304K	420K	552K	524K	712K
Imputed Operating Lease Depreciation	2.08M	2.69M	3.11M	2.91M	3.51M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	73.6M	207M	229M	269M	257M
Total Cash And Short Term Investments	73.6M	207M	229M	269M	257M
Accounts Receivable, Total	772M	726M	965M	990M	947M
Total Receivables	772M	726M	965M	990M	947M
Inventory	446M	428M	699M	690M	566M
Prepaid Expenses	-	-	-	-	10.28M
Other Current Assets, Total	11.4M	8.83M	38.41M	107M	1.2M
Total Current Assets	1.3B	1.37B	1.93B	2.06B	1.78B
Gross Property Plant And Equipment	656M	767M	798M	869M	929M
Accumulated Depreciation	-274M	-314M	-312M	-348M	-407M
Net Property Plant And Equipment	381M	453M	485M	521M	522M
Long-term Investments	-	3.23M	-	-	-
Other Intangibles, Total	5.66M	4.11M	7M	8.14M	10.83M
Deferred Tax Assets Long-Term	25.24M	37.81M	38.3M	26.88M	34.49M
Other Long-Term Assets, Total	4.97M	2.75M	2.79M	2.88M	2.83M
Total Assets	1.72B	1.87B	2.46B	2.62B	2.35B
Liabilities
Accounts Payable, Total	430M	362M	649M	630M	477M
Short-term Borrowings	-	50M	220M	215M	-
Current Portion of Long-Term Debt	7.64M	7.48M	7.49M	7.55M	7.74M
Current Portion of Leases	8.73M	4.54M	9.13M	9.2M	8.48M
Current Income Taxes Payable	24.94M	42.94M	42.25M	36.2M	53.11M
Other Current Liabilities	322M	403M	428M	485M	589M
Total Current Liabilities	794M	869M	1.36B	1.38B	1.14B
Long-Term Debt	133M	126M	118M	111M	103M
Long-Term Leases	4.48M	-	27.36M	19.11M	8.66M
Deferred Tax Liability Non Current	51K	-	-	2.11M	3.59M
Other Non Current Liabilities	2.17M	2.2M	8.66M	8.97M	9.14M
Total Liabilities	934M	998M	1.51B	1.52B	1.26B
Common Stock, Total	492M	541M	541M	541M	541M
Additional Paid In Capital	8.43M	8.43M	8.43M	8.43M	8.43M
Retained Earnings	292M	328M	411M	544M	542M
Comprehensive Income and Other	-6.53M	-4.36M	-7.6M	-1.39M	1.02M
Total Common Equity	786M	873M	953M	1.09B	1.09B
Total Equity	786M	873M	953M	1.09B	1.09B
Total Liabilities And Equity	1.72B	1.87B	2.46B	2.62B	2.35B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	54.12M	54.12M	54.12M	54.12M	54.12M
ECS Total Common Shares Outstanding	54.12M	54.12M	54.12M	54.12M	54.12M
Book Value / Share	14.53	16.13	17.61	20.18	20.19
Tangible Book Value	780M	869M	946M	1.08B	1.08B
Tangible Book Value Per Share	14.42	16.06	17.48	20.03	19.99
Total Debt	154M	188M	382M	362M	128M
Net Debt	80.5M	-19.48M	154M	92.86M	-129M
Debt Equivalent Oper. Leases	19.09M	24.9M	29.3M	27.45M	33.75M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	186M	150M	299M	246M	178M
Inventories - Work In Process, Total	43.81M	65.19M	99.54M	67.04M	32.09M
Inventories - Finished Goods, Total	216M	212M	300M	377M	356M
Land - (BS)	120M	120M	120M	120M	120M
Buildings, Total	104M	104M	104M	104M	104M
Machinery, Total	234M	255M	276M	291M	383M
Full Time Employees	87	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	1.96M	1.85M	2.5M	2.44M	2.34M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	106M	114M	137M	214M	101M
Depreciation & Amortization - CF	39.53M	42.3M	48.89M	54.68M	62.34M
Amortization of Goodwill and Intangible Assets - (CF)	139K	264K	10K	2K	-
Depreciation & Amortization, Total	39.67M	42.57M	48.9M	54.68M	62.34M
Amortization of Deferred Charges, Total - (CF)	10.6M	7.69M	8.03M	6.98M	8.31M
(Gain) Loss From Sale Of Asset	53K	216K	373K	636K	5K
Provision and Write-off of Bad Debts	537K	-112K	647K	-61K	-101K
Other Operating Activities, Total	-6.12M	5.57M	-1.19M	7.82M	10.68M
Change In Accounts Receivable	-225M	46.58M	-239M	-25.27M	42.72M
Change In Inventories	-59.04M	20.19M	-288M	32.55M	126M
Change In Accounts Payable	16.08M	-70.3M	290M	-24.12M	-155M
Change in Other Net Operating Assets	99.97M	81.9M	-2.83M	-15.81M	104M
Cash from Operations	-16.52M	249M	-45.84M	251M	300M
Capital Expenditure	-36.04M	-112M	-36.84M	-81.9M	-64.05M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Sale (Purchase) of Intangible assets	-7.95M	-6.36M	-9.27M	-7.97M	-10.96M
Other Investing Activities, Total	-136K	-969K	-89K	8K	92.83M
Cash from Investing	-44.13M	-119M	-46.2M	-89.86M	17.83M
Short Term Debt Issued, Total	-	50M	170M	-	-
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	50M	170M	-	-
Short Term Debt Repaid, Total	-	-	-	-5M	-215M
Long-Term Debt Repaid, Total	-15.9M	-16.41M	-16.79M	-16.83M	-15.98M
Total Debt Repaid	-15.9M	-16.41M	-16.79M	-21.83M	-231M
Repurchase of Common Stock	-	-	-	-	-
Common Dividends Paid	-59.04M	-29.52M	-54.12M	-81.19M	-103M
Common & Preferred Stock Dividends Paid	-59.04M	-29.52M	-54.12M	-81.19M	-103M
Other Financing Activities, Total	-	-	-	-	130K
Cash from Financing	-74.94M	4.07M	99.09M	-103M	-334M
Foreign Exchange Rate Adjustments	1.33M	331K	14.19M	-18.18M	4.12M
Net Change in Cash	-134M	134M	21.24M	40.34M	-11.61M
Supplemental Items
Cash Interest Paid	2.58M	2.84M	5.21M	7.05M	5.4M
Cash Income Tax Paid (Refund)	26.88M	24.2M	43.37M	59.16M	36.69M
Levered Free Cash Flow	-84.85M	105M	-100M	55M	331M
Unlevered Free Cash Flow	-83.24M	107M	-97.01M	59.45M	334M
Change In Net Working Capital	173M	-96.61M	227M	54.61M	-231M
Net Debt Issued / Repaid	-15.9M	33.59M	153M	-21.83M	-231M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	5.08	4.37	5.5	5.6	4.31
Return on Total Capital	9.06	7.84	9.94	10.2	8.01
Return On Equity %	13.95	13.78	15.04	20.93	9.25
Return on Common Equity	13.95	13.78	15.04	20.93	9.25
Margin Analysis
Gross Profit Margin %	18.1	16.95	17.49	18.43	16.35
SG&A Margin	7.17	6.92	6.41	6.81	6.82
EBITDA Margin %	8.67	7.74	9.1	9.8	8.2
EBITA Margin %	7.04	6.11	7.59	8.32	6.32
EBIT Margin %	7.03	6.1	7.59	8.32	6.32
Income From Continuing Operations Margin %	5.58	5.55	5.47	7.82	3.73
Net Income Margin %	5.58	5.55	5.47	7.82	3.73
Net Avail. For Common Margin %	5.58	5.55	5.47	7.82	3.73
Normalized Net Income Margin	4.17	4.38	4.47	6.43	3.43
Levered Free Cash Flow Margin	-4.45	5.11	-4	2.01	12.19
Unlevered Free Cash Flow Margin	-4.37	5.2	-3.86	2.17	12.31
Asset Turnover
Asset Turnover	1.16	1.15	1.16	1.08	1.09
Fixed Assets Turnover	4.97	4.94	5.36	5.44	5.2
Receivables Turnover (Average Receivables)	2.89	2.75	2.97	2.8	2.8
Inventory Turnover (Average Inventory)	3.74	3.91	3.68	3.22	3.61
Short Term Liquidity
Current Ratio	1.64	1.58	1.42	1.49	1.57
Quick Ratio	1.07	1.07	0.88	0.91	1.06
Operating Cash Flow to Current Liabilities	-0.02	0.29	-0.03	0.18	0.26
Days Sales Outstanding (Average Receivables)	126.41	132.84	122.83	130.68	130.38
Days Outstanding Inventory (Average Inventory)	97.61	93.31	99.21	113.84	101.12
Average Days Payable Outstanding	95.33	85.45	78.71	105.19	94.23
Cash Conversion Cycle (Average Days)	128.7	140.7	143.34	139.32	137.26
Long Term Solvency
Total Debt/Equity	19.6	21.52	40.13	33.13	11.72
Total Debt / Total Capital	16.39	17.71	28.64	24.89	10.49
LT Debt/Equity	17.52	14.42	15.3	11.91	10.24
Long-Term Debt / Total Capital	14.65	11.87	10.92	8.95	9.16
Total Liabilities / Total Assets	54.3	53.33	61.31	58.25	53.56
EBIT / Interest Expense	52.02	43.53	35.46	32.03	33.17
EBITDA / Interest Expense	67.42	58.3	44.55	39.72	45.24
(EBITDA - Capex) / Interest Expense	53.43	19.49	37.7	28.2	32.84
Total Debt / EBITDA	0.89	1.12	1.6	1.28	0.55
Net Debt / EBITDA	0.46	-0.12	0.64	0.33	-0.55
Total Debt / (EBITDA - Capex)	1.12	3.35	1.89	1.81	0.75
Net Debt / (EBITDA - Capex)	0.58	-0.35	0.76	0.46	-0.76
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	37.65	7.96	22.02	8.98	-0.93
Gross Profit, 1 Yr. Growth %	14.48	1.12	25.92	14.79	-12.07
EBITDA, 1 Yr. Growth %	6.26	-3.67	43.54	17.39	-17.15
EBITA, 1 Yr. Growth %	8.74	-6.28	51.63	19.42	-24.71
EBIT, 1 Yr. Growth %	8.75	-6.38	51.94	19.42	-24.71
Earnings From Cont. Operations, 1 Yr. Growth %	15.43	7.41	20.2	55.77	-52.75
Net Income, 1 Yr. Growth %	15.43	7.41	20.2	55.77	-52.75
Normalized Net Income, 1 Yr. Growth %	12.32	13.38	24.62	56.63	-47.18
Diluted EPS Before Extra, 1 Yr. Growth %	14.06	6.77	20.49	57.08	-52.58
Accounts Receivable, 1 Yr. Growth %	40.89	-6.02	32.88	2.63	-4.31
Inventory, 1 Yr. Growth %	14.6	-4.03	63.21	-1.18	-17.95
Net Property, Plant and Equip., 1 Yr. Growth %	-1.08	18.76	7.2	7.43	0.21
Total Assets, 1 Yr. Growth %	9.04	8.74	31.69	6.18	-10.04
Tangible Book Value, 1 Yr. Growth %	6.74	11.34	8.87	14.57	-0.19
Common Equity, 1 Yr. Growth %	6.28	11.06	9.16	14.59	0.06
Cash From Operations, 1 Yr. Growth %	-117.2	-1.59K	-118.44	-648.4	-4.26
Capital Expenditures, 1 Yr. Growth %	92.26	210.36	-67.07	122.33	-21.8
Levered Free Cash Flow, 1 Yr. Growth %	-273.25	-224.05	-195.36	-154.8	501.14
Unlevered Free Cash Flow, 1 Yr. Growth %	-264.28	-228.62	-190.61	-161.28	461.65
Dividend Per Share, 1 Yr. Growth %	-50	83.32	50	26.67	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	8.6	21.91	14.78	15.32	3.91
Gross Profit, 2 Yr. CAGR %	1.44	7.59	12.84	20.23	0.46
EBITDA, 2 Yr. CAGR %	5.33	1.18	17.59	29.81	-1.38
EBITA, 2 Yr. CAGR %	8.5	0.95	19.21	34.56	-5.18
EBIT, 2 Yr. CAGR %	8.51	0.9	19.26	34.7	-5.18
Earnings From Cont. Operations, 2 Yr. CAGR %	14.82	11.34	13.62	36.84	-14.21
Net Income, 2 Yr. CAGR %	14.82	11.34	13.62	36.84	-14.21
Normalized Net Income, 2 Yr. CAGR %	12.33	12.85	18.87	39.71	-9.04
Diluted EPS Before Extra, 2 Yr. CAGR %	14.48	10.41	13.42	37.57	-13.69
Accounts Receivable, 2 Yr. CAGR %	21.8	15.07	11.75	16.78	-0.9
Inventory, 2 Yr. CAGR %	41.19	4.87	25.15	27	-9.95
Net Property, Plant and Equip., 2 Yr. CAGR %	-2.78	8.39	12.83	7.31	3.76
Total Assets, 2 Yr. CAGR %	10.57	8.89	19.67	18.25	-2.27
Tangible Book Value, 2 Yr. CAGR %	7.69	9.01	10.1	11.69	6.94
Common Equity, 2 Yr. CAGR %	7.14	8.64	10.11	11.84	7.08
Cash From Operations, 2 Yr. CAGR %	-75.14	60.87	65.78	0.57	155.87
Capital Expenditures, 2 Yr. CAGR %	4.22	144.28	1.1	-14.43	31.86
Levered Free Cash Flow, 2 Yr. CAGR %	-35.79	46.6	8.76	-27.71	81.5
Unlevered Free Cash Flow, 2 Yr. CAGR %	-36.76	45.36	7.96	-25.48	85.52
Dividend Per Share, 2 Yr. CAGR %	-13.4	-4.26	65.82	37.84	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	6.64	8.39	21.95	12.81	9.62
Gross Profit, 3 Yr. CAGR %	12.27	1.33	13.39	13.49	8.32
EBITDA, 3 Yr. CAGR %	28.22	2.24	13.69	17.53	11.76
EBITA, 3 Yr. CAGR %	46.89	3.33	15.61	19.28	10.88
EBIT, 3 Yr. CAGR %	46.97	3.3	15.65	19.32	10.96
Earnings From Cont. Operations, 3 Yr. CAGR %	54.31	12.29	14.22	26.22	-4
Net Income, 3 Yr. CAGR %	54.31	12.29	14.22	26.22	-4
Normalized Net Income, 3 Yr. CAGR %	45.11	12.68	16.64	30.32	1.02
Diluted EPS Before Extra, 3 Yr. CAGR %	53.8	11.89	13.67	26.43	-3.54
Accounts Receivable, 3 Yr. CAGR %	12.43	11.72	20.73	8.62	9.28
Inventory, 3 Yr. CAGR %	9.23	24.14	21.53	15.68	9.79
Net Property, Plant and Equip., 3 Yr. CAGR %	0.59	3.92	7.99	11	4.89
Total Assets, 3 Yr. CAGR %	6.4	9.96	16.01	14.99	7.95
Tangible Book Value, 3 Yr. CAGR %	8.51	8.89	8.97	11.57	7.58
Common Equity, 3 Yr. CAGR %	8.04	8.43	8.82	11.58	7.77
Cash From Operations, 3 Yr. CAGR %	-46.63	-2.4	-21.85	147.01	6.48
Capital Expenditures, 3 Yr. CAGR %	-46.76	49.94	25.26	31.47	-16.96
Levered Free Cash Flow, 3 Yr. CAGR %	-12.22	-20.03	27.02	-13.45	46.46
Unlevered Free Cash Flow, 3 Yr. CAGR %	-12.22	-19.88	24.17	-10.61	46.1
Dividend Per Share, 3 Yr. CAGR %	26	11.2	11.2	51.58	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	4.45	6.83	9.82	11.11	14.38
Gross Profit, 5 Yr. CAGR %	10.85	10.69	12.5	8.51	8.03
EBITDA, 5 Yr. CAGR %	20.99	13.81	23.86	12.49	7.4
EBITA, 5 Yr. CAGR %	40.09	22.37	35.12	14.84	6.8
EBIT, 5 Yr. CAGR %	40.09	22.36	35.19	14.87	6.82
Earnings From Cont. Operations, 5 Yr. CAGR %	60.6	30.52	36.53	21.53	1.86
Net Income, 5 Yr. CAGR %	60.6	30.52	36.53	21.53	1.86
Normalized Net Income, 5 Yr. CAGR %	75.11	32.05	33.98	22.8	5.6
Diluted EPS Before Extra, 5 Yr. CAGR %	59.81	31.2	36.18	21.53	1.81
Accounts Receivable, 5 Yr. CAGR %	6.99	4.9	12.16	13.72	11.56
Inventory, 5 Yr. CAGR %	4.84	0.03	15.34	25.28	7.79
Net Property, Plant and Equip., 5 Yr. CAGR %	16.08	21.02	5.32	5.27	6.28
Total Assets, 5 Yr. CAGR %	4.86	6.99	11.52	13.2	8.32
Tangible Book Value, 5 Yr. CAGR %	5.54	8.07	9.14	10	8.15
Common Equity, 5 Yr. CAGR %	5	7.61	8.86	9.78	8.12
Cash From Operations, 5 Yr. CAGR %	-9.87	15.24	-15.86	-1.22	25.59
Capital Expenditures, 5 Yr. CAGR %	5.57	26.73	-31.19	19.81	27.85
Levered Free Cash Flow, 5 Yr. CAGR %	38.84	-7.97	-4.36	-23.2	46.52
Unlevered Free Cash Flow, 5 Yr. CAGR %	38.32	-7.58	-4.65	-22.17	45.8
Dividend Per Share, 5 Yr. CAGR %	-	47.04	40.63	21.17	-