Dolby Laboratories Inc
For the period ended Sep 27, 2024. Filed Nov 19, 2024.
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FY2024 · Filed Nov 19, 2024
DLB$64.79-0.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
(in thousands, except per share amounts)
| Fiscal Year Ended | |||
|---|---|---|---|
| September 27,2024 | September 29,2023 | September 30,2022 | |
| Revenue: | |||
| Licensing | $1,181,794 | $1,197,930 | $1,164,533 |
| Products and services | 91,927 | 101,814 | 89,260 |
| Total revenue | 1,273,721 | 1,299,744 | 1,253,793 |
| Cost of revenue: | |||
| Cost of licensing | 67,204 | 64,890 | 61,597 |
| Cost of products and services | 73,292 | 87,676 | 79,763 |
| Total cost of revenue | 140,496 | 152,566 | 141,360 |
| Gross margin | 1,133,225 | 1,147,178 | 1,112,433 |
| Operating expenses: | |||
| Research and development | 263,663 | 271,523 | 261,174 |
| Sales and marketing | 334,460 | 354,364 | 358,716 |
| General and administrative | 270,392 | 258,477 | 275,315 |
| Restructuring charges | 6,384 | 47,061 | 10,623 |
| Total operating expenses | 874,899 | 931,425 | 905,828 |
| Operating income | 258,326 | 215,753 | 206,605 |
| Other income/(expense): | |||
| Interest income/(expense), net | 34,077 | 28,086 | 6,174 |
| Other income, net | 20,076 | 6,214 | 2,500 |
| Total other income | 54,153 | 34,300 | 8,674 |
| Income before income taxes | 312,479 | 250,053 | 215,279 |
| Provision for income taxes | (48,163) | (48,409) | (31,381) |
| Net income including noncontrolling interest | 264,316 | 201,644 | 183,898 |
| Less: net (income)/loss attributable to noncontrolling interest | (2,491) | (988) | 189 |
| Net income attributable to Dolby Laboratories, Inc. | $261,825 | $200,656 | $184,087 |
| Net income per share: | |||
| Basic | $2.74 | $2.10 | $1.84 |
| Diluted | $2.69 | $2.05 | $1.81 |
| Weighted-average shares outstanding: | |||
| Basic | 95,544 | 95,771 | 99,990 |
| Diluted | 97,325 | 97,733 | 101,983 |
| Related party rent expense: | |||
| Included in net income attributable to noncontrolling interest | $283 | $292 | $284 |
| Cash dividend declared per common share | $1.23 | $1.11 | $1.02 |
| Cash dividend paid per common share | $1.20 | $1.08 | $1.00 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.