US-listed companies
Dolby Laboratories, Inc.

Dolby Laboratories, Inc.DLB

Market cap

$8B

P/E ratio

42.2x

Income statement Balance sheet Cash flow

	Sep 24, 2010	Sep 28, 2012	Sep 27, 2013	Sep 26, 2014	Sep 25, 2015	Sep 30, 2016	Sep 29, 2017	Sep 28, 2018	Sep 27, 2019	Sep 25, 2020	Sep 24, 2021	Sep 30, 2022	Sep 29, 2023
Revenue	923	926	910	960	971	1,026	1,081	1,172	1,242	1,162	1,281	1,254	1,300
Total cost of revenue	132	92	97	70	95	109	118	128	161	146	130	141	153
Gross margin	791	834	813	890	876	917	963	1,044	1,081	1,015	1,151	1,112	1,147
Research and development	105	140	169	183	201	220	233	237	238	239	254	261	272
Sales and marketing	130	182	231	253	279	295	297	310	344	336	333	359	354
General and administrative	119	149	162	178	182	169	172	198	205	220	224	275	258
Gain on sale of assets	-	-	-	-	-	-	-	-	-	-	14	-	-
Restructuring charges	7	1	6	2	-0	1	13	-0	37	2	10	11	47
Total operating expenses	362	472	568	616	663	685	715	744	824	797	807	906	931
Operating income	429	362	245	274	213	232	249	300	257	219	344	207	216
Interest income	7	6	4	3	5	6	10	19	25	13	3	7	-
Interest income/(expense), net	-	-	-	-	-	-	-	-	-	-	-	-	28
Interest expense	1	0	1	-0	0	0	0	0	0	0	0	0	-
Other income/(expense), net	1	1	2	-1	28	-1	-1	-6	0	8	7	3	6
Total other income	-	-	-	2	33	4	8	13	25	21	10	9	34
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	437	369	251	276	246	236	257	313	282	240	355	215	250
Provision for income taxes	154	104	60	67	63	50	54	190	27	8	37	31	48
Net income including controlling interest	283	265	190	209	183	186	202	123	256	232	318	184	202
Less: net (income) attributable to controlling interest	-1	1	1	3	2	1	1	1	0	0	8	-0	-
Net income attributable to Dolby Laboratories, Inc.	283	265	190	209	183	186	202	123	256	232	318	184	202
Basic (usd per share)	2.5	2.47	1.86	2.02	1.77	1.85	1.98	1.18	2.51	2.3	3.07	1.84	2.1
Diluted (usd per share)	2.46	2.46	1.84	1.99	1.75	1.81	1.95	1.14	2.44	2.25	2.97	1.81	2.05
Cash dividend declared per common share	-	-	-	-	0.42	0.5	0.58	0.67	0.79	0.88	0.91	1.02	1.11
Included in net income attributable to controlling interest	-	3	4	5	4	1	1	1	1	0	-	-	-
Cash dividend paid per common share	-	-	-	-	0.4	0.48	0.56	0.64	0.76	0.88	0.88	1	1.08
Cash dividend declared per common share	-	-	-	-	0.42	0.5	0.58	0.67	0.79	0.88	0.91	1.02	1.11
Cash dividend paid per common share	-	-	-	-	0.4	0.48	0.56	0.64	0.76	0.88	0.88	1	1.08