ニュースリリース

Maxim Integrated、2020年度第4四半期の決算報告

  • 売上高 : 5億4,500万ドル
  • 粗利益 : GAAPベースで66.4%(特別項目を除外した場合67.4%)
  • 1株当り利益 : GAAPベースで0.77ドル (特別項目を除外した場合0.58ドル)

カリフォルニア州サンノゼ、2020年7月28日(現地時間) ― Maxim Integrated Products, Inc. (NASDAQ:MXIM、以下Maxim) は、2020年6月27日に終了した2020年度第4四半期における売上高は5億4,500万ドルで、前四半期の売上高5億6,200万ドルから3%の減少、前年同期比では2%の減少になったと発表しました。

今回の発表についてMaximの社長兼CEOのトゥンチ・ドゥルージャ (Tunç Doluca) は次のように述べています。「フィリピンのテスト施設を含む製造業務による好調な業績で、4~6月期の売上高と1株当り利益は予想を上回る結果となりました。この未曽有の時期を乗り切る当社の能力によって示される、当社の回復力を大変誇りに思います。多様なビジネスモデルと傑出した製品ポートフォリオにより、引き続き高い利益を挙げています」。

2020年度第4四半期の成果
一般会計原則 (GAAP:Generally Accepted Accounting Principles) に基づく4~6月期の希薄化後1株当り利益は0.77ドルであり、これは、4,500万ドルの納税引当金解除の恩恵を受けました。この結果は、主として事業買収関連費およびCOVID-19対応計画関連費用で構成される税引き前の特別項目900万ドルによる影響を受けています。特別項目を除いたGAAPベースの1株当り利益は0.58ドルでした。特別項目を含めた場合と除いた場合のGAAPベースの分析については、このプレスリリースの最後の表に掲載されています。

キャッシュフロー項目
2020年度第4四半期の現金預金および短期投資額の総額は16億ドルで、前四半期から7,200万ドル減少しました。

注目すべき項目として、以下の項目が挙げられます

  • 営業活動からのキャッシュフロー : 2億1,200万ドル
  • 設備投資 : 1,600万ドル
  • 配当金支払額 : 1億2,800万ドル(1株当り0.48ドル)
  • 自社株買い : 8,200万ドル

過去12カ月のフリーキャッシュフローは7億3,400万ドルでした。フリーキャッシュフローは非GAAP指標であり、営業活動からのキャッシュフローから設備投資額を差し引いたものと定義されています。

配当および自社株買い
1株当り0.48ドルの現金配当を、2020年8月27日現在の登録株主に対して、2020年9月11日に行います。当社とAnalog Devicesとの間の合併契約により、当社は配当を宣言し、普通株式の自社株買いを行う能力を制限されるため、今後4四半期のいずれにおいても配当の宣言も支払いも行わず、流通市場を通じた自社株買い計画を停止しています。

Analog Devicesとの保留中の取引により、Maximは、四半期決算の電話会議を開催せず、将来予想に関するガイダンスの発表を停止しています。投資家の皆様におかれましては、保留中の取引に関する最新情報については当社ウェブサイトの四半期財務ハイライトおよびSECファイリングをご覧ください。

Non-GAAP Measures
To supplement the consolidated financial results prepared under GAAP, Maxim Integrated uses non-GAAP measures which are adjusted from the most directly comparable GAAP results to exclude special items related to the cost of COVID-19 response programs; intangible asset amortization; severance and restructuring; other operating expenses (income), net; interest and other expense (income), net; and other income tax effects and adjustments. We defined free cash flow as net cash provided from operations less gross capital expenditures. Management uses these non-GAAP measures internally to make strategic decisions, forecast future results and evaluate Maxim Integrated's current performance. Many analysts covering Maxim Integrated use non-GAAP measures as well. Given management's use of these non-GAAP measures, Maxim Integrated believes these measures are important to investors in understanding Maxim Integrated's current and future operating results as seen through the eyes of management. In addition, management believes these non-GAAP measures are useful to investors in enabling them to better assess changes in Maxim Integrated's core business across different time periods. These non-GAAP measures are not in accordance with or an alternative to GAAP financial data and may be different from non-GAAP measures used by other companies. Because non-GAAP financial measures are not standardized it may not be possible to compare these financial measures with other companies' non-GAAP financial measures, even if they have similar names. The non-GAAP measures displayed in the table above include the following:

GAAP Gross Profit Excluding Special Items
The use of GAAP gross profit excluding special items allows management to evaluate the gross margin of the Company's core businesses and trends across different reporting periods on a consistent basis, independent of special items including intangible asset amortization and cost of COVID-19 response programs. In addition, it is an important component of management's internal performance measurement and reward process as it is used to assess the current and historical financial results of the business, for strategic decision making, preparing budgets and forecasting future results. Management presents GAAP gross profit excluding special items to enable investors and analysts to evaluate our revenue generation performance relative to the direct costs of revenue of Maxim Integrated's core businesses.

GAAP Operating Expenses Excluding Special Items
The use of GAAP operating expenses excluding special items allows management to evaluate the operating expenses of the Company's core businesses and trends across different reporting periods on a consistent basis, independent of special items including intangible asset amortization; severance and restructuring, and other operating expenses (income), net. In addition, it is an important component of management's internal performance measurement and reward process as it is used to assess the current and historical financial results of the business, for strategic decision making, preparing budgets and forecasting future results. Management presents GAAP operating expenses excluding special items to enable investors and analysts to evaluate our core business and its direct operating expenses.

GAAP Provision for Income Taxes Excluding Special Items
The use of a GAAP provision for income taxes excluding special items allows management to evaluate the provision for income taxes across different reporting periods on a consistent basis, independent of special items. Special items include the tax impact of pre-tax special items, significant tax audit settlements, significant prior year tax reserve adjustments, significant tax legislation, and significant non-recurring and period specific tax items, which vary in size and frequency.

GAAP Net Income and GAAP Net Income per Share Excluding Special Items
The use of GAAP net income and GAAP net income per share excluding special items allow management to evaluate the operating results of Maxim Integrated's core businesses and trends across different reporting periods on a consistent basis, independent of special items including intangible asset amortization; cost of COVID-19 response programs; severance and restructuring; other operating expenses (income), net; interest and other expense (income), net; and other income tax effects and adjustments. In addition, they are important components of management's internal performance measurement and reward process as it is used to assess the current and historical financial results of the business, for strategic decision making, preparing budgets and forecasting future results. Management presents GAAP net income and GAAP net income per share excluding special items to enable investors and analysts to understand the results of operations of Maxim Integrated's core businesses and to compare our results of operations on a more consistent basis against that of other companies in our industry.

"Safe Harbor" Statement
Except for historical information, this press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements involve risk and uncertainty. Actual results could differ materially from those forecasted, based upon, among other things, general market and economic conditions, market developments that could adversely affect the growth of the mixed-signal analog market, product mix shifts, the loss of all or a substantial portion of our sales to one or more of our large customers, customer cancellations and price competition, as well as other risks described in the Company's Annual Report on Form 10-K for the fiscal year ended June 29, 2019 (the "Form 10-K"). The Form 10-K may be found at https://www.sec.gov/Archives/edgar/data/743316/000074331619000024/0000743316-19-000024-index.htm.

All forward-looking statements included in this news release are made as of the date hereof and based on the information available to the Company as of the date hereof. The Company assumes no obligation to update any forward-looking statement except as required by law.

Maxim Integratedについて
Maximは、セキュリティ強化とエネルギー効率に優れた革新的なアナログ/ミックスド・シグナル製品と技術を開発・提供し、システム製品の小型化、スマート化の実現に貢献しています。Maximは自動車や産業、医療、モバイル、クラウド・データセンターのお客様の設計革新を後押しし、世界を変革できるような業界を牽引するソリューションを提供しています。詳細について



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