UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 002-25577 | --- | --- | --- | |---------------------------------------------------------------------------------------|---------------------------- ...

Diodes Incorporated (NASDAQ:DIOD) Q4 2021 Earnings Conference Call February 9, 2022 5:00 PM ET Company Participants Leanne Sievers - Shelton Group, IR Keh-Shew Lu - Chairman, President & CEO Brett Whitmire - CFO Emily Yang - SVP, Worldwide Sales and Marketing Gary Yu - SVP, Business Groups Conference Call Participants Matt Ramsay - Cowen & Company William Stein - Truist Securities Gary Mobley - Wells Fargo Securities. Tristan Gerra - Baird David Williams - Benchmark Disclaimer*: This transcript is designed ...

Diodes Incorporated (NASDAQ:DIOD) Q3 2021 Earnings Conference Call November 3, 2021 5:00 PM ET Company Participants Leanne Sievers – Shelton Group-Investor Relations Keh-Shew Lu – Chairman, President and Chief Executive Officer Brett Whitmire – Chief Financial Officer Emily Yang – Senior Vice President-Worldwide Sales and Marketing Gary Yu – Senior Vice President-Business Groups Conference Call Participants Tristan Gerra – Baird William Stein – Truist Securities David Williams – Benchmark Ethan Potasnick – ...

PART I – FINANCIAL INFORMATION [Item 1. Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) Unaudited condensed consolidated financial statements for the periods ended September 30, 2021, detail the company's financial position, operational results, and cash flows [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets grew to $2.04 billion while total liabilities decreased to $824.8 million, resulting in a significant increase in total equity to $1.22 billion Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | Sep 30, 2021 | Dec 31, 2020 | | :--- | :--- | :--- | | **Total Assets** | **$2,041,909** | **$1,979,457** | | Total current assets | $1,063,883 | $1,023,987 | | **Total Liabilities** | **$824,796** | **$963,334** | | Total current liabilities | $444,625 | $509,762 | | Long-term debt, net | $218,000 | $288,179 | | **Total Equity** | **$1,217,113** | **$1,016,123** | [Condensed Consolidated Statements of Operations](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) The company achieved substantial year-over-year growth in net sales and net income for both the third quarter and the first nine months of 2021 Q3 Statement of Operations Highlights (in thousands, except per share data) | Metric | Q3 2021 | Q3 2020 | | :--- | :--- | :--- | | Net sales | $471,422 | $309,459 | | Gross profit | $181,231 | $111,090 | | Income from operations | $77,247 | $37,855 | | Net income attributable to common stockholders | $68,424 | $27,152 | | Diluted EPS | $1.50 | $0.51 | Nine Months Statement of Operations Highlights (in thousands, except per share data) | Metric | Nine Months 2021 | Nine Months 2020 | | :--- | :--- | :--- | | Net sales | $1,324,991 | $878,845 | | Gross profit | $479,669 | $308,424 | | Income from operations | $189,994 | $94,576 | | Net income attributable to common stockholders | $163,250 | $68,353 | | Diluted EPS | $3.59 | $1.30 | [Condensed Consolidated Statements of Cash Flows](index=10&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) For the first nine months of 2021, operating cash flow more than doubled, while significant cash was used for debt repayment and increased capital expenditures Cash Flow Summary for Nine Months Ended Sep 30 (in thousands) | Cash Flow Activity | 2021 | 2020 | | :--- | :--- | :--- | | Net cash from Operating Activities | $260,989 | $126,435 | | Net cash used in Investing Activities | ($89,299) | ($51,776) | | Net cash (used in) from Financing Activities | ($210,259) | $294,680 | | **Change in cash and cash equivalents** | **($35,691)** | **$380,327** | [Notes to Condensed Consolidated Financial Statements](index=13&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Detailed notes explain accounting policies, sales breakdowns by geography, debt structure, and the significant acquisition of Lite-On Semiconductor (LSC) - For the nine months ended September 30, 2021, net sales to Asia were **$1.06 billion**, representing approximately **80%** of total net sales, while distributor sales accounted for **$867.0 million**, or about **65%** of total net sales[53](index=53&type=chunk) - The company closed its acquisition of Lite-On Semiconductor Corporation (LSC) on November 30, 2020, for a total consideration of **$154.0 million** after adjustments to expand its portfolio of 'green' power-related semiconductor devices[86](index=86&type=chunk)[87](index=87&type=chunk)[88](index=88&type=chunk) - In March 2021, the company entered an agreement to sell one of its manufacturing subsidiaries in China for approximately **$18.0 million**, with the related assets and liabilities classified as held-for-sale[83](index=83&type=chunk)[84](index=84&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=34&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses significant financial growth in 2021, driven by organic expansion and the LSC acquisition, with strong performance in automotive and computing markets [Results of Operations](index=35&type=section&id=Results%20of%20Operations) Q3 2021 net sales grew 52.3% year-over-year, fueled by both organic growth and the LSC acquisition, with gross margin improving to 38.4% Q3 2021 vs Q3 2020 Performance (in millions) | Metric | Q3 2021 | Q3 2020 | % Change | | :--- | :--- | :--- | :--- | | Net sales | $471.4 | $309.5 | 52.3% | | Gross profit | $181.2 | $111.1 | 63.1% | | Gross Margin | 38.4% | 35.9% | +250 bps | - The **52.3%** increase in Q3 2021 net sales was driven by **27.8%** organic growth from the legacy business and **24.6%** related to the LSC acquisition[110](index=110&type=chunk) Revenue by End-User Market (Q3) | End-User Market | Q3 2021 % of Revenue | Q3 2020 % of Revenue | | :--- | :--- | :--- | | Industrial | 24% | 22% | | Communications | 16% | 21% | | Consumer | 18% | 27% | | Computing | 30% | 19% | | Automotive | 12% | 11% | [Financial Condition, Liquidity and Capital Resources](index=41&type=section&id=Financial%20Condition%2C%20Liquidity%20and%20Capital%20Resources) Working capital increased to $619.3 million, with liquidity from operations and credit facilities deemed sufficient to cover needs for at least the next 12 months - Working capital increased to **$619.3 million** at September 30, 2021, from **$514.2 million** at December 31, 2020[133](index=133&type=chunk) - Capital expenditures for the nine months ended September 30, 2021, were **$100.3 million**, compared to **$47.5 million** for the same period in 2020[134](index=134&type=chunk) - As of September 30, 2021, foreign subsidiaries held approximately **$257.7 million** of cash, cash equivalents, and investments[135](index=135&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=47&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) No material changes to market risks were reported from those disclosed in the 2020 Annual Report on Form 10-K - There have been **no material changes** to the company's market risks from those disclosed in the 2020 Form 10-K[195](index=195&type=chunk) [Item 4. Controls and Procedures](index=47&type=section&id=Item%204.%20Controls%20and%20Procedures) Disclosure controls and procedures were deemed effective as of September 30, 2021, with no material changes to internal controls during Q3 - The CEO and CFO concluded that as of September 30, 2021, the company's disclosure controls and procedures were **effective**[196](index=196&type=chunk) - There were **no changes** in internal control over financial reporting during the third quarter of 2021 that materially affected, or are reasonably likely to materially affect, these controls[198](index=198&type=chunk) PART II – OTHER INFORMATION [Item 1. Legal Proceedings](index=48&type=section&id=Item%201.%20Legal%20Proceedings) The company is not party to any material pending litigation and expects no material adverse effect from ordinary-course legal proceedings - The Company is **not currently a party to any pending litigation** that it considers material[200](index=200&type=chunk) [Item 1A. Risk Factors](index=48&type=section&id=Item%201A.%20Risk%20Factors) No material changes to risk factors were reported, except for a new risk related to potential impacts from electricity rationing in China - A **new risk factor** has been added related to electricity rationing in China, which could lead to higher electricity prices and potential curtailments affecting the company's manufacturing facilities[202](index=202&type=chunk)[203](index=203&type=chunk)[204](index=204&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=48&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company reported no unregistered sales of equity securities during the period - None[206](index=206&type=chunk) [Item 6. Exhibits](index=49&type=section&id=Item%206.%20Exhibits) Lists exhibits filed with the Form 10-Q, including Sarbanes-Oxley certifications and Inline XBRL documents - Exhibits filed include certifications from the CEO and CFO (Exhibits 31.1, 31.2, 32.1, 32.2) and various Inline XBRL data files (Exhibits 101 and 104)[214](index=214&type=chunk)[215](index=215&type=chunk)[216](index=216&type=chunk)

Diodes Incorporated (NASDAQ:DIOD) Q2 2021 Earnings Conference Call August 5, 2021 5:00 PM ET Company Participants Leanne Sievers – President of Shelton Group Keh-Shew Lu – Chairman, President and Chief Executive Officer Brett Whitmire – Chief Financial Officer Emily Yang – Senior Vice President of Worldwide Sales and Marketing Gary Yu – Senior Vice President of Business Groups Conference Call Participants Gary Mobley – Wells Fargo Securities. Matt Ramsay – Cowen and Company Tristan Gerra – Robert W. Baird W ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 Or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to . Commission file number: 002-25577 DIODES INCORPORATED (Exact name of registrant as specified in its charter) Delaware 95-2039518 (State or other jurisdiction of inco ...

Diodes Incorporated (NASDAQ:DIOD) Q1 2021 Earnings Conference Call May 6, 2021 5:00 PM ET Company Participants Leanne Sievers - President, Shelton Group, Investor Relations Keh-Shew Lu - Chairman, President & Chief Executive Officer Brett Whitmire - Chief Financial Officer Emily Yang - Senior Vice President, Worldwide Sales & Marketing Gary Yu - Senior Vice President, Business Groups Conference Call Participants Matt Ramsay - Cowen William Stein - Truist Securities Tristan Gerra - Baird David Williams - Loo ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 Or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to . Commission file number: 002-25577 DIODES INCORPORATED (Exact name of registrant as specified in its charter) Delaware 95-2039518 (State or other jurisdiction of inc ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to | --- | --- | --- | |-----------------------------------------------------------------------------|------------------------------------------------------------------------ ...

Financial Data and Key Metrics Changes - The company achieved record revenue of $350.4 million in Q4 2020, a 13.2% increase on a consolidated basis and a 7.8% increase organically from $309.5 million in Q3 2020 [18] - Gross profit for Q4 was also a record at $122.7 million, with a gross margin of 35.0% on a consolidated basis [18] - GAAP net income for Q4 2020 was $29.7 million or $0.59 per diluted share, compared to $27.2 million or $0.51 per diluted share in Q3 2020 [21] - Non-GAAP adjusted net income for Q4 was $37.3 million or $0.74 per diluted share, compared to $32.8 million or $0.62 per diluted share in Q3 2020 [22] Business Line Data and Key Metrics Changes - Revenue from the automotive market grew 24% sequentially and 40% year-over-year, contributing to solid market share gains [11] - The computing segment represented 23% of revenue, with record quarterly revenue driven by Pericom products [33][45] - The industrial market saw an 18% sequential revenue increase, driven by applications in solar power inverters and smart metering systems [38] Market Data and Key Metrics Changes - In Q4, Asia accounted for 81% of revenue, Europe 11%, and North America 8% [31] - The automotive market represented 12% of total revenue, reflecting strong growth in connected driving and powertrain applications [34] - Distributor inventory weeks decreased, indicating a tightening supply chain, which is expected to normalize soon [32] Company Strategy and Development Direction - The company is focused on integrating Lite-On Semiconductor (LSC) to capitalize on synergies across end markets and product offerings [12][47] - There is an emphasis on expanding R&D to enhance product differentiation and market penetration, particularly in industrial and automotive segments [62][64] - The company aims to leverage its internal capacity and the acquisition of LSC to gain market share from competitors facing capacity constraints [51][54] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about continued growth, projecting Q1 2021 revenue to reach approximately $400 million, a 14% sequential increase [28] - The ongoing semiconductor supply shortage is seen as an opportunity for the company to strengthen its market position [52] - Management highlighted the importance of maintaining strong customer relationships and adapting to market dynamics to ensure long-term growth [70] Other Important Information - The company reported cash flow from operations of $60.8 million and free cash flow of $33.5 million for Q4 2020 [25] - Total inventory days decreased to approximately 114 days, indicating improved inventory management [26] - The company plans to ramp up production capacity in its Shanghai FAB and other facilities to meet growing demand [76] Q&A Session Summary Question: Timeline for sales synergies from Lite-On acquisition - Management indicated that product qualification at Lite-On's facilities is nearly complete, with expectations to ramp up production by the end of the year [49][50] Question: Benefits from Lite-On's underutilized manufacturing capacity - Management noted that the current semiconductor supply shortage benefits Diodes, allowing them to capture market share from competitors [52] Question: Visibility into second quarter and rest of the year - Management refrained from providing specific guidance beyond Q1 but indicated a positive outlook for 2021 [59] Question: Incremental R&D investment for Lite-On products - Management plans to increase R&D at Lite-On to match Diodes' levels and focus on introducing differentiated products [62][64] Question: Stickiness of new customer gains - Management believes that new opportunities created by market changes will lead to long-term customer relationships [70] Question: Gross margin expectations with increased utilization - Management expects gradual improvements in gross margins as LSC products are qualified and integrated [71][72]