Income Statement Lattice Semiconductor Corporation

Equities

LSCC

US5184151042

Semiconductors

Market Closed - Nasdaq Other stock markets 21:00:00 10/09/2024 BST			5-day change	1st Jan Change
42.75 ^USD	+0.61%		-0.70%	-38.03%

08-21	Lattice Semiconductor Insider Sold Shares Worth $1,008,684, According to a Recent SEC Filing	MT
08-08	Nasdaq's wild mood swings

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Published financial data: LATTICE SEMICONDUCTOR CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	404M	408M	515M	660M	737M
Total Revenues	404M	408M	515M	660M	737M
Cost of Goods Sold, Total	166M	163M	194M	208M	222M
Gross Profit	238M	245M	322M	452M	515M
Selling General & Admin Expenses, Total	82.54M	95.33M	106M	122M	137M
R&D Expenses	78.62M	89.22M	111M	136M	160M
Amortization of Goodwill and Intangible Assets - (IS)	13.56M	4.45M	2.61M	3.78M	3.48M
Other Operating Expenses, Total	175M	189M	219M	262M	300M
Operating Income	63.7M	56.3M	103M	190M	214M
Interest Expense, Total	-11.73M	-3.7M	-2.74M	-4.15M	-2.97M
Interest And Investment Income	-	-	-	-	5.01M
Net Interest Expenses	-11.73M	-3.7M	-2.74M	-4.15M	2.04M
Income (Loss) On Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	100K	-	-	-	-
Other Non Operating Income (Expenses)	-163K	-208K	-452K	-1.11M	545K
EBT, Excl. Unusual Items	51.91M	52.39M	99.74M	185M	217M
Restructuring Charges	-4.66M	-3.94M	-940K	-2.55M	-1.91M
Merger & Related Restructuring Charges	-	-	-1.17M	-511K	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	53K	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-	-	-	-	-
Other Unusual Items	-2.24M	-	-	-	-
EBT, Incl. Unusual Items	45.06M	48.46M	97.63M	182M	215M
Income Tax Expense	1.57M	1.06M	1.7M	3.23M	-44.2M
Earnings From Continuing Operations	43.49M	47.39M	95.92M	179M	259M
Net Income to Company	43.49M	47.39M	95.92M	179M	259M
Minority Interest	-	-	-	-	-
Net Income - (IS)	43.49M	47.39M	95.92M	179M	259M
Net Income to Common Incl Extra Items	43.49M	47.39M	95.92M	179M	259M
Net Income to Common Excl. Extra Items	43.49M	47.39M	95.92M	179M	259M
Per Share Items
Net EPS - Basic	0.33	0.35	0.7	1.3	1.88
Basic EPS - Continuing Operations	0.33	0.35	0.7	1.3	1.88
Basic Weighted Average Shares Outstanding	132M	135M	137M	137M	138M
Net EPS - Diluted	0.32	0.34	0.67	1.27	1.85
Diluted EPS - Continuing Operations	0.32	0.34	0.67	1.27	1.85
Diluted Weighted Average Shares Outstanding	137M	141M	142M	141M	140M
Normalized Basic EPS	0.24	0.24	0.46	0.84	0.98
Normalized Diluted EPS	0.24	0.23	0.44	0.82	0.97
Supplemental Items
EBITDA	96.36M	81.44M	127M	220M	249M
EBITA	77.32M	60.88M	106M	194M	218M
EBIT	63.7M	56.3M	103M	190M	214M
EBITDAR	104M	89.04M	135M	227M	256M
Total Revenues (As Reported)	-	-	-	-	-
Effective Tax Rate - (Ratio)	3.49	2.2	1.75	1.77	-20.57
Current Domestic Taxes	544K	122K	490K	1.01M	11.39M
Current Foreign Taxes	1.34M	1.02M	1.54M	3.64M	3.02M
Total Current Taxes	1.89M	1.15M	2.03M	4.65M	14.41M
Deferred Domestic Taxes	-	-	-	-	-56.32M
Deferred Foreign Taxes	-317K	-83K	-324K	-1.42M	-2.29M
Total Deferred Taxes	-317K	-83K	-324K	-1.42M	-58.61M
Normalized Net Income	32.44M	32.75M	62.34M	116M	135M
Interest on Long-Term Debt	11.94M	3.72M	3.97M	5.9M	3.97M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	78.62M	89.22M	111M	136M	160M
Net Rental Expense, Total	7.7M	7.6M	7.9M	7.6M	7.8M
Imputed Operating Lease Interest Expense	3.34M	1.23M	919K	1.52M	2.24M
Imputed Operating Lease Depreciation	4.36M	6.37M	6.98M	6.08M	5.56M
Stock-Based Comp., COGS (Total)	1.42M	3.18M	3.05M	3.67M	4.51M
Stock-Based Comp., R&D Exp. (Total)	5.64M	10.12M	14.56M	19.64M	27.78M
Stock-Based Comp., SG&A Exp. (Total)	11.84M	27.07M	28.86M	32.21M	37.91M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	18.9M	40.37M	46.48M	55.53M	70.2M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	118M	182M	132M	146M	128M
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	118M	182M	132M	146M	128M
Accounts Receivable, Total	70.49M	70.19M	85.53M	101M	116M
Total Receivables	70.49M	70.19M	85.53M	101M	116M
Inventory	54.98M	64.6M	67.59M	110M	98.83M
Prepaid Expenses	18.88M	16.72M	16.66M	21.7M	25.24M
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	-	-	-	-	-
Total Current Assets	262M	334M	301M	379M	368M
Gross Property Plant And Equipment	189M	173M	172M	182M	190M
Accumulated Depreciation	-126M	-111M	-110M	-116M	-126M
Net Property Plant And Equipment	62.82M	61.84M	61.91M	65.2M	64.03M
Long-term Investments	-	-	-	-	-
Goodwill	268M	268M	315M	315M	315M
Other Intangibles, Total	6.98M	6.32M	29.78M	25.07M	20.97M
Deferred Tax Assets Long-Term	478K	577K	-	1.02M	57.76M
Other Long-Term Assets, Total	11.8M	9.97M	18.09M	12.89M	14.82M
Total Assets	612M	680M	726M	799M	841M
Liabilities
Accounts Payable, Total	44.35M	27.53M	34.6M	42.04M	34.49M
Accrued Expenses, Total	16.97M	23.73M	34.02M	44.72M	33.86M
Current Portion of Long-Term Debt	21.47M	12.76M	17.17M	-	-
Current Portion of Leases	4.69M	4.15M	5.7M	6.45M	5.57M
Current Income Taxes Payable	-	-	-	-	6.76M
Unearned Revenue Current, Total	2.31M	3.07M	4.77M	17.67M	5.3M
Other Current Liabilities	10.02M	8.49M	9.93M	16.5M	11.42M
Total Current Liabilities	99.82M	79.73M	106M	127M	97.4M
Long-Term Debt	125M	158M	141M	129M	-
Long-Term Leases	21.44M	18.91M	19.25M	13.62M	10.74M
Deferred Tax Liability Non Current	-	-	8.6M	7.8M	6.18M
Other Non Current Liabilities	38.03M	39.07M	40.07M	34.01M	34.56M
Total Liabilities	284M	296M	315M	312M	149M
Common Stock, Total	1.34M	1.36M	1.37M	1.37M	1.37M
Additional Paid In Capital	762M	771M	702M	599M	546M
Retained Earnings	-433M	-386M	-290M	-111M	148M
Comprehensive Income and Other	-2.6M	-1.75M	-1.45M	-2.41M	-2.91M
Total Common Equity	328M	384M	412M	487M	692M
Total Equity	328M	384M	412M	487M	692M
Total Liabilities And Equity	612M	680M	726M	799M	841M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	134M	137M	138M	137M	138M
ECS Total Common Shares Outstanding	134M	136M	137M	137M	137M
Book Value / Share	2.45	2.82	3	3.55	5.04
Tangible Book Value	53.17M	111M	66.49M	147M	356M
Tangible Book Value Per Share	0.4	0.81	0.48	1.07	2.59
Total Debt	173M	194M	183M	149M	16.31M
Net Debt	54.59M	11.42M	51.31M	3.1M	-112M
Debt Equivalent Oper. Leases	61.6M	60.8M	63.2M	60.8M	62.4M
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Work In Process, Total	39.86M	34.72M	43.55M	58.27M	65.4M
Inventories - Finished Goods, Total	15.12M	29.88M	24.05M	52.11M	33.43M
Buildings, Total	-	-	-	-	-
Machinery, Total	153M	138M	135M	152M	162M
Full Time Employees	747	746	856	949	1.16K
Accumulated Allowance for Doubtful Accounts (Supple)	106K	54K	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	43.49M	47.39M	95.92M	179M	259M
Depreciation & Amortization - CF	24.84M	26.53M	28.4M	32.06M	37.72M
Amortization of Goodwill and Intangible Assets - (CF)	13.61M	4.57M	2.61M	3.78M	3.48M
Depreciation & Amortization, Total	38.45M	31.1M	31.02M	35.84M	41.2M
Amortization of Deferred Charges, Total - (CF)	1.66M	400K	362K	-	-
(Gain) Loss From Sale Of Asset	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	1.38M	-	-	1.15M	-
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	18.9M	40.37M	46.48M	55.53M	70.2M
Other Operating Activities, Total	1.86M	-256K	-601K	642K	-58.36M
Change In Accounts Receivable	-4.03M	336K	-12.01M	-14.16M	-10.36M
Change In Inventories	12.12M	-9.62M	-3M	-42.78M	11.55M
Change In Accounts Payable	9.26M	-16.82M	7.05M	7.44M	-7.55M
Change in Unearned Revenues	-	-	-	-	-
Change In Income Taxes	162K	599K	-	-	-
Change in Other Net Operating Assets	883K	-1.82M	2.51M	16.27M	-36.15M
Cash from Operations	124M	91.69M	168M	239M	270M
Capital Expenditure	-15.59M	-12.12M	-9.84M	-23.34M	-20.1M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-	-	-68.1M	-	-
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-9.6M	-8.75M	-11.86M	-11.59M	-13.15M
Investment in Marketable and Equity Securities, Total	9.66M	-	-	-	-
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-15.54M	-20.87M	-89.8M	-34.93M	-33.25M
Long-Term Debt Issued, Total	206M	50M	-	149M	-
Total Debt Issued	206M	50M	-	149M	-
Long-Term Debt Repaid, Total	-321M	-26.25M	-13.12M	-179M	-130M
Total Debt Repaid	-321M	-26.25M	-13.12M	-179M	-130M
Issuance of Common Stock	17.17M	10.1M	8.83M	7.16M	8.36M
Repurchase of Common Stock	-10.08M	-41.95M	-124M	-165M	-132M
Other Financing Activities, Total	-2.09M	-	-	-	-
Cash from Financing	-110M	-8.1M	-129M	-188M	-254M
Foreign Exchange Rate Adjustments	341K	1.53M	-75K	-1.65M	-26K
Net Change in Cash	-970K	64.25M	-50.76M	14.15M	-17.4M
Supplemental Items
Cash Interest Paid	11M	3.7M	2.31M	3.97M	3.24M
Cash Income Tax Paid (Refund)	3.39M	1.87M	3.3M	4.62M	15.75M
Levered Free Cash Flow	90.23M	65.88M	121M	147M	175M
Unlevered Free Cash Flow	95.91M	67.79M	122M	149M	177M
Change In Net Working Capital	-23.93M	18M	-2.22M	26.06M	35.27M
Net Debt Issued / Repaid	-115M	23.75M	-13.12M	-30.15M	-130M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	6.44	5.45	9.15	15.61	16.33
Return on Total Capital	7.82	6.53	10.97	19.34	19.92
Return On Equity %	14.84	13.31	24.1	39.8	43.94
Return on Common Equity	14.84	13.31	24.1	39.8	43.94
Margin Analysis
Gross Profit Margin %	59	60.11	62.42	68.46	69.82
SG&A Margin	20.43	23.36	20.5	18.49	18.62
EBITDA Margin %	23.85	19.96	24.71	33.28	33.73
EBITA Margin %	19.13	14.92	20.48	29.41	29.53
EBIT Margin %	15.76	13.8	19.97	28.84	29.05
Income From Continuing Operations Margin %	10.76	11.61	18.61	27.09	35.14
Net Income Margin %	10.76	11.61	18.61	27.09	35.14
Net Avail. For Common Margin %	10.76	11.61	18.61	27.09	35.14
Normalized Net Income Margin	8.03	8.02	12.1	17.53	18.38
Levered Free Cash Flow Margin	22.33	16.14	23.48	22.23	23.72
Unlevered Free Cash Flow Margin	23.73	16.61	23.74	22.62	23.97
Asset Turnover
Asset Turnover	0.65	0.63	0.73	0.87	0.9
Fixed Assets Turnover	8.27	6.55	8.33	10.39	11.41
Receivables Turnover (Average Receivables)	5.75	5.8	6.62	7.07	6.8
Inventory Turnover (Average Inventory)	2.71	2.72	2.93	2.34	2.13
Short Term Liquidity
Current Ratio	2.63	4.19	2.84	2.98	3.78
Quick Ratio	1.89	3.17	2.04	1.94	2.5
Operating Cash Flow to Current Liabilities	1.24	1.15	1.58	1.87	2.77
Days Sales Outstanding (Average Receivables)