smics.com, Mar. 31, 2020 –
FINANCIAL HIGHLIGHTS
Revenue was US$3,115.7 million in 2019, compared to US$3,360.0 million in 2018. Excluding the contribution from the Avezzano 200mm fab in 2019 and 2018 and the recognition of technology licensing revenue in 2018, the revenue increased by 1.4% to US$3,014.0 million in 2019 from US$2,973.1 million in 2018.
Gross profit was US$642.5 million in 2019, compared to US$746.7 million in 2018. Gross margin was 20.6% in 2019, compared to 22.2% in 2018. Excluding the contribution from the Avezzano 200mm fab in 2019 and 2018 and the recognition of technology licensing revenue in 2018, gross margin increased to 21.5% in 2019 from 19.1% in 2018.
Net cash generated from operating activities was a record of US$1,019.1 million in 2019, compared to US$799.4 million in 2018, representing an increase of 27.5%.
Revenue from China-region customers grew to 59.5% of total revenue in 2019, compared to 57.0% of total revenue excluding technology licensing in 2018.
The net debt to equity ratio remained low at –6.0% as of December 31, 2019.
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