Cash flow Xperi Inc.

Equities

XPER

US98423J1016

Software

Market Closed - Nyse Other stock markets 16:00:02 2024-09-18 EDT			5-day change	1st Jan Change
8.820 ^USD	-0.11%		+1.97%	-19.96%

08-16	Xperi to Sell Perceive Unit to Amazon for $80 Million; Xperi Shares Jump After Hours	MT
08-05	Transcript : Xperi Inc., Q2 2024 Earnings Call, Aug 05, 2024

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Published financial data: XPERI INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	198M	376M	486M	502M	521M
Total Revenues	198M	376M	486M	502M	521M
Cost of Goods Sold, Total	7.79M	77.79M	126M	123M	119M
Gross Profit	190M	298M	361M	379M	403M
Selling General & Admin Expenses, Total	91.41M	173M	200M	217M	233M
R&D Expenses	94.63M	163M	195M	216M	223M
Depreciation & Amortization - (IS)	5.67M	16.67M	22.58M	20.5M	16.64M
Amortization of Goodwill and Intangible Assets - (IS)	88.07M	98.21M	105M	62.21M	57.75M
Other Operating Expenses, Total	280M	451M	523M	516M	531M
Operating Income	-89.44M	-153M	-162M	-137M	-128M
Interest Expense, Total	-	-	-	-1.5M	-3M
Interest And Investment Income	1.6M	1.45M	-	-	-
Net Interest Expenses	1.6M	1.45M	-	-1.5M	-3M
Currency Exchange Gains (Loss)	-	-	-	-	400K
Other Non Operating Income (Expenses)	-592K	82K	1.59M	3.32M	2.59M
EBT, Excl. Unusual Items	-88.42M	-151M	-160M	-135M	-128M
Impairment of Goodwill	-	-	-	-605M	-
Asset Writedown	-	-	-	-7.72M	-1.71M
EBT, Incl. Unusual Items	-88.42M	-151M	-160M	-748M	-130M
Income Tax Expense	-6.05M	-9.74M	18.84M	13.59M	10.04M
Earnings From Continuing Operations	-82.37M	-141M	-179M	-761M	-140M
Net Income to Company	-82.37M	-141M	-179M	-761M	-140M
Minority Interest	1.5M	2.97M	3.46M	3.72M	3.08M
Net Income - (IS)	-80.87M	-138M	-176M	-757M	-137M
Net Income to Common Incl Extra Items	-80.87M	-138M	-176M	-757M	-137M
Net Income to Common Excl. Extra Items	-80.87M	-138M	-176M	-757M	-137M
Per Share Items
Net EPS - Basic	-	-	-	-18.02	-3.18
Basic EPS - Continuing Operations	-	-	-	-18.02	-3.18
Basic Weighted Average Shares Outstanding	-	-	-	42.03M	43.01M
Net EPS - Diluted	-	-	-	-18.02	-3.18
Diluted EPS - Continuing Operations	-	-	-	-18.02	-3.18
Diluted Weighted Average Shares Outstanding	-	-	-	42.03M	43.01M
Normalized Basic EPS	-	-	-	-1.92	-1.79
Normalized Diluted EPS	-	-	-	-1.92	-1.79
Supplemental Items
EBITDA	4.3M	-37.69M	-33.93M	-54.44M	-53.53M
EBITA	-1.36M	-54.35M	-56.52M	-74.94M	-70.18M
EBIT	-89.44M	-153M	-162M	-137M	-128M
EBITDAR	9.63M	-25.9M	-18.01M	-38M	-37.99M
Effective Tax Rate - (Ratio)	6.85	6.45	-11.76	-1.82	-7.75
Current Domestic Taxes	4.31M	1.66M	-604K	1.72M	2.09M
Current Foreign Taxes	3.86M	8.86M	12.53M	21.25M	16.55M
Total Current Taxes	8.16M	10.52M	11.93M	22.98M	18.64M
Deferred Domestic Taxes	-10.36M	-19.56M	-203K	-5.52M	-483K
Deferred Foreign Taxes	-3.86M	-699K	7.12M	-3.87M	-8.11M
Total Deferred Taxes	-14.22M	-20.26M	6.91M	-9.39M	-8.6M
Normalized Net Income	-53.76M	-91.43M	-96.69M	-80.86M	-76.88M
Interest on Long-Term Debt	-	-	-	1.5M	3M
Supplemental Operating Expense Items
Advertising Expense	4.9M	11.3M	-	-	-
Selling and Marketing Expenses	4.9M	11.3M	-	-	-
Research And Development Expense From Footnotes	94.63M	163M	195M	216M	223M
Net Rental Expense, Total	5.32M	11.79M	15.92M	16.45M	15.54M
Imputed Operating Lease Interest Expense	-	-	-	2.27M	3.63M
Imputed Operating Lease Depreciation	-	-	-	14.17M	11.91M
Stock-Based Comp., COGS (Total)	-	585K	1.97M	2.91M	3.47M
Stock-Based Comp., R&D Exp. (Total)	11.57M	11.38M	17.91M	21.56M	25.28M
Stock-Based Comp., SG&A Exp. (Total)	5.74M	7.22M	13.62M	20.84M	40.79M
Total Stock-Based Compensation	17.31M	19.18M	33.51M	45.3M	69.53M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	47.26M	85.62M	121M	160M	142M
Short Term Investments	1.12M	-	-	-	-
Total Cash And Short Term Investments	48.39M	85.62M	121M	160M	142M
Accounts Receivable, Total	78.06M	140M	130M	130M	120M
Total Receivables	78.06M	140M	130M	130M	120M
Inventory	79K	9.82M	5.1M	6.66M	7.28M
Prepaid Expenses	5.7M	17.56M	15.28M	20M	19.91M
Other Current Assets, Total	2.45M	4.33M	5.6M	15.51M	27.54M
Total Current Assets	135M	257M	277M	332M	317M
Gross Property Plant And Equipment	53.45M	164M	172M	173M	153M
Accumulated Depreciation	-15.45M	-31.07M	-52.45M	-71.82M	-71.72M
Net Property Plant And Equipment	38M	133M	119M	101M	81.47M
Long-term Investments	-	-	-	4.4M	4.9M
Goodwill	378M	532M	537M	-	-
Other Intangibles, Total	204M	373M	271M	264M	207M
Accounts Receivable Long-Term	4.59M	6.41M	3.82M	4.29M	18.23M
Deferred Tax Assets Long-Term	3.52M	6.75M	1.85M	2.1M	5.09M
Deferred Charges Long-Term	-	-	-	978K	-
Other Long-Term Assets, Total	2.7M	16.24M	19.22M	27.78M	40.13M
Total Assets	766M	1.32B	1.23B	737M	674M
Liabilities
Accounts Payable, Total	2.64M	11.38M	7.36M	14.86M	20.85M
Accrued Expenses, Total	26.42M	91.37M	69.68M	87.89M	93.21M
Current Portion of Leases	4M	16.13M	14.72M	17.2M	14.76M
Current Income Taxes Payable	-	-	-	4.93M	1.99M
Unearned Revenue Current, Total	720K	27.42M	28.21M	25.36M	28.11M
Other Current Liabilities	-	-	-	-	6.19M
Total Current Liabilities	33.79M	146M	120M	150M	165M
Long-Term Debt	-	-	-	50M	50M
Long-Term Leases	5.35M	59.61M	49.02M	42.67M	30.6M
Unearned Revenue Non Current	-	22.48M	23.66M	19.13M	19.42M
Deferred Tax Liability Non Current	11.69M	11.74M	14.43M	20.56M	6.98M
Other Non Current Liabilities	935K	4.56M	5.67M	5.33M	14.38M
Total Liabilities	51.76M	245M	213M	288M	286M
Common Stock, Total	717M	1.08B	1.03B	42K	44K
Additional Paid In Capital	-	-	-	1.14B	1.21B
Retained Earnings	-	-	-	-669M	-805M
Comprehensive Income and Other	-	1.31M	-676K	-4.12M	-2.86M
Total Common Equity	717M	1.09B	1.03B	463M	404M
Minority Interest	-2.81M	-5.76M	-9.2M	-14.43M	-17.1M
Total Equity	714M	1.08B	1.02B	449M	387M
Total Liabilities And Equity	766M	1.32B	1.23B	737M	674M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	-	-	-	42.08M	44.27M
ECS Total Common Shares Outstanding	-	-	-	42.07M	44.21M
Book Value / Share	-	-	-	11.02	9.14
Tangible Book Value	135M	181M	218M	199M	197M
Tangible Book Value Per Share	-	-	-	4.73	4.46
Total Debt	9.36M	75.74M	63.74M	110M	95.36M
Net Debt	-39.03M	-9.88M	-56.95M	-50.27M	-46.73M
Debt Equivalent Oper. Leases	42.58M	94.33M	127M	132M	124M
Minority Interest, Total (Incl. Fin. Div)	-2.81M	-5.76M	-9.2M	-14.43M	-17.1M
Equity Method Investments, Total	-	-	-	4.4M	4.9M
Account Code - Inventory Valuation	-	5	5	5	5
Inventories - Finished Goods, Total	-	-	-	-	7.28M
Land - (BS)	5.3M	5.3M	5.3M	5.3M	5.3M
Buildings, Total	18.26M	18.31M	18.33M	18.33M	17.88M
Machinery, Total	16.57M	45.44M	64.24M	78.98M	78.36M
Full Time Employees	-	1.7K	1.8K	2.1K	2.1K
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	1.95M	1.91M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-80.87M	-138M	-176M	-757M	-137M
Depreciation & Amortization - CF	5.67M	16.67M	22.58M	20.5M	16.64M
Amortization of Goodwill and Intangible Assets - (CF)	88.07M	98.21M	105M	62.21M	57.75M
Depreciation & Amortization, Total	93.74M	115M	128M	82.71M	74.4M
Asset Writedown & Restructuring Costs	-	-	-	612M	1.71M
Stock-Based Compensation (CF)	17.31M	19.18M	33.51M	45.3M	69.53M
Provision and Write-off of Bad Debts	-74K	5.97M	-1.02M	700K	-
Other Operating Activities, Total	-15.62M	-19.83M	2.72M	-6M	-10.92M
Change In Accounts Receivable	18.67M	-7.39M	13.06M	5.03M	-13.66M
Change In Accounts Payable	798K	-3.11M	-4.02M	6.63M	5.07M
Change in Unearned Revenues	90K	-2.05M	1.97M	-8.3M	4.17M
Change in Other Net Operating Assets	-9.34M	6.89M	-21.95M	-9.32M	6.38M
Cash from Operations	24.71M	-23.78M	-23.45M	-28.44M	62K
Capital Expenditure	-6.93M	-6.6M	-8.89M	-14.21M	-12.75M
Cash Acquisitions	-	33.14M	-12.4M	-50.47M	-
Sale (Purchase) of Intangible assets	-	-435K	-186K	-166K	-185K
Investment in Marketable and Equity Securities, Total	2.33M	415K	-	-	-
Cash from Investing	-4.6M	26.52M	-21.48M	-64.85M	-12.93M
Issuance of Common Stock	-	-	-	83.24M	11.93M
Repurchase of Common Stock	-	-	-	-286K	-4.88M
Other Financing Activities, Total	-17.07M	34.24M	83.33M	52.8M	-
Cash from Financing	-17.07M	34.24M	83.33M	136M	7.05M
Foreign Exchange Rate Adjustments	-	1.37M	-3.33M	-3.03M	126K
Net Change in Cash	3.04M	38.36M	35.07M	39.43M	-5.69M
Supplemental Items
Cash Interest Paid	-	-	-	756K	3M
Cash Income Tax Paid (Refund)	4.22M	8.58M	11.8M	13.42M	21.33M
Levered Free Cash Flow	-	46.72M	41.44M	39.08M	63.78M
Unlevered Free Cash Flow	-	46.72M	41.44M	40.02M	65.65M
Change In Net Working Capital	-	-15.05M	9.74M	-12.1M	-14.61M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-	-9.12	-7.92	-8.72	-11.34
Return on Total Capital	-	-10.15	-9.05	-10.46	-15.36
Return On Equity %	-	-15.75	-17.09	-103.92	-33.41
Return on Common Equity	-	-15.35	-16.64	-101.77	-31.49
Margin Analysis
Gross Profit Margin %	96.07	79.32	74.18	75.52	77.25
SG&A Margin	46.14	45.89	41.1	43.28	44.77
EBITDA Margin %	2.17	-10.02	-6.98	-10.84	-10.27
EBITA Margin %	-0.69	-14.45	-11.62	-14.92	-13.46
EBIT Margin %	-45.14	-40.56	-33.26	-27.31	-24.54
Income From Continuing Operations Margin %	-41.58	-37.57	-36.81	-151.56	-26.79
Net Income Margin %	-40.82	-36.78	-36.1	-150.82	-26.2
Net Avail. For Common Margin %	-40.82	-36.78	-36.1	-150.82	-26.2
Normalized Net Income Margin	-27.14	-24.31	-19.88	-16.1	-14.75
Levered Free Cash Flow Margin	-	12.42	8.52	7.78	12.23
Unlevered Free Cash Flow Margin	-	12.42	8.52	7.97	12.59
Asset Turnover
Asset Turnover	-	0.36	0.38	0.51	0.74
Fixed Assets Turnover	-	4.4	3.86	4.57	5.72
Receivables Turnover (Average Receivables)	-	3.45	3.6	3.86	4.17
Inventory Turnover (Average Inventory)	-	15.72	16.84	20.9	17.02
Short Term Liquidity
Current Ratio	3.99	1.76	2.31	2.21	1.92
Quick Ratio	3.74	1.54	2.09	1.93	1.59
Operating Cash Flow to Current Liabilities	0.73	-0.16	-0.2	-0.19	0
Days Sales Outstanding (Average Receivables)	-	106.06	101.43	94.63	87.54
Days Outstanding Inventory (Average Inventory)	-	23.29	21.68	17.46	21.45
Average Days Payable Outstanding	-	29.31	28.29	32.58	54.66
Cash Conversion Cycle (Average Days)	-	100.03	94.81	79.51	54.33
Long Term Solvency
Total Debt/Equity	1.31	7.01	6.27	24.47	24.63
Total Debt / Total Capital	1.29	6.55	5.9	19.66	19.76
LT Debt/Equity	0.75	5.52	4.82	20.64	20.82
Long-Term Debt / Total Capital	0.74	5.16	4.54	16.58	16.7
Total Liabilities / Total Assets	6.76	18.47	17.32	39.07	42.53
EBIT / Interest Expense	-	-	-	-91.44	-42.64
EBITDA / Interest Expense	-	-	-	-25.33	-12.66
(EBITDA - Capex) / Interest Expense	-	-	-	-34.8	-16.91
Total Debt / EBITDA	0.97	-2.92	-3.54	-2.89	-2.51
Net Debt / EBITDA	-4.05	0.38	3.16	1.32	1.23
Total Debt / (EBITDA - Capex)	3.48	-2.33	-2.37	-2.1	-1.88
Net Debt / (EBITDA - Capex)	-14.5	0.3	2.12	0.96	0.92
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	89.83	29.35	3.24	3.8
Gross Profit, 1 Yr. Growth %	-	56.73	20.97	5.11	6.17
EBITDA, 1 Yr. Growth %	-	-975.85	-9.96	60.44	-1.68
EBITA, 1 Yr. Growth %	-	3.89K	3.98	32.6	-6.36
EBIT, 1 Yr. Growth %	-	70.58	6.07	-15.25	-6.73
Earnings From Cont. Operations, 1 Yr. Growth %	-	71.53	26.74	325.07	-81.65
Net Income, 1 Yr. Growth %	-	71.05	26.96	331.31	-81.96
Normalized Net Income, 1 Yr. Growth %	-	70.06	5.76	-16.37	-4.92
Diluted EPS Before Extra, 1 Yr. Growth %	-	-	-	331.17	-82.38
Accounts Receivable, 1 Yr. Growth %	-	79.24	-6.76	-0.38	-7.59
Inventory, 1 Yr. Growth %	-	12.33K	-48.04	30.58	9.26
Net Property, Plant and Equip., 1 Yr. Growth %	-	249.76	-10.29	-15.52	-19.12
Total Assets, 1 Yr. Growth %	-	73.02	-7.26	-40.03	-8.59
Tangible Book Value, 1 Yr. Growth %	-	34.26	20.54	-8.58	-0.86
Common Equity, 1 Yr. Growth %	-	51.5	-5.6	-54.8	-12.77
Cash From Operations, 1 Yr. Growth %	-	-196.23	-1.36	21.29	-100.22
Capital Expenditures, 1 Yr. Growth %	-	-4.8	34.72	59.75	-10.27
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-11.3	-5.7	63.2
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	-11.3	-3.43	64.06
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	56.7	15.56	3.52
Gross Profit, 2 Yr. CAGR %	-	-	37.69	12.76	5.64
EBITDA, 2 Yr. CAGR %	-	-	180.82	20.19	25.6
EBITA, 2 Yr. CAGR %	-	-	543.93	17.42	11.43
EBIT, 2 Yr. CAGR %	-	-	34.51	-5.18	-11.09
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	47.45	132.11	-11.68
Net Income, 2 Yr. CAGR %	-	-	47.37	134.01	-11.8
Normalized Net Income, 2 Yr. CAGR %	-	-	34.11	-5.95	-10.83
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	-	134	-12.82
Accounts Receivable, 2 Yr. CAGR %	-	-	29.28	-3.62	-4.05
Inventory, 2 Yr. CAGR %	-	-	703.63	-17.63	19.44
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	77.14	-12.94	-17.34
Total Assets, 2 Yr. CAGR %	-	-	26.67	-25.42	-25.96
Tangible Book Value, 2 Yr. CAGR %	-	-	27.22	4.98	-4.8
Common Equity, 2 Yr. CAGR %	-	-	19.59	-34.67	-37.21
Cash From Operations, 2 Yr. CAGR %	-	-	-2.57	9.38	-94.86
Capital Expenditures, 2 Yr. CAGR %	-	-	13.25	46.71	19.73