LSCC FY 2011 Earnings Report — Lattice Semiconductor Corporation Revenue & Financial Results | Market Cap Arena

Lattice Semiconductor CorporationLSCC

FY 2011 Earnings

Reported March 12, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$318M	—	$298M	—	6.9%
Op. Income	$41M	—	$55M	—	-25.1%
Gross Margin	59.2%	—	60.4%	—	-1.2pp
Net Margin	24.6%	—	19.2%	—	5.4pp
EPS (Diluted)	$0.65	—	$0.48	—	35.4%
Free Cash Flow	$24M	—	$65M	—	-64.0%

Revenue Flow

Item	Amount
REVENUE	$318M
Cost of Revenue	$130M
GROSS PROFIT	$189M
R&D Expenses	$72M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$69M
Other Expenses	$0
Operating Expenses	$141M
Cost & Expenses	$270M
OPERATING INCOME	$41M
Interest Income	$1M
Interest Expense	$0
Other Income/Expenses	$1M
INCOME BEFORE TAX	$43M
Income Tax Expense	-$36M
Net Income from Continuing Ops	$78M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$78M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$78M
D&A	$17M
EBIT	$48M
EBITDA	$59M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$318M
Cost of Revenue	$130M
GROSS PROFIT	$189M
R&D Expenses	$72M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$69M
Other Expenses	$0
Operating Expenses	$141M
Cost & Expenses	$270M
OPERATING INCOME	$41M
Interest Income	$1M
Interest Expense	$0
Other Income/Expenses	$1M
INCOME BEFORE TAX	$43M
Income Tax Expense	-$36M
Net Income from Continuing Ops	$78M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$78M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$78M
D&A	$17M
EBIT	$48M
EBITDA	$59M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$78M
Depreciation & Amortization	$17M
Stock-Based Compensation	$6M
Deferred Income Tax	-$49M
Other Non-Cash Items	-$303.0K
Change in Working Capital	$11M
OPERATING CASH FLOW	$62M
Capital Expenditure	-$39M
Acquisitions (Net)	-$46M
Purchases of Investments	-$83M
Sales/Maturities of Investments	$81M
Other Investing Activities	-$46M
NET CASH FROM INVESTING	-$86M
Net Debt Issuance	$0
Common Stock Repurchased	-$14M
Common Dividends Paid	$0
Other Financing Activities	-$642.0K
NET CASH FROM FINANCING	-$9M
FREE CASH FLOW	$24M
Net Change in Cash	-$33M

Balance Sheet

Item	Amount
Cash & Equivalents	$141M
Short-Term Investments	$69M
Net Receivables	$37M
Inventory	$37M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$300M
PP&E (Net)	$41M
Goodwill	$45M
Intangible Assets	$18M
Long-Term Investments	$7M
Tax Assets	$45M
Other Non-Current Assets	$12M
TOTAL NON-CURRENT ASSETS	$168M
TOTAL ASSETS	$468M
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$11M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$52M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$22M
TOTAL NON-CURRENT LIABILITIES	$22M
TOTAL LIABILITIES	$74M
Common Stock	$1M
Additional Paid-In Capital	$628M
Retained Earnings	-$235M
Treasury Stock	$0
Accum. Other Comp. Income	-$345.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$394M
Minority Interest	$0
TOTAL EQUITY	$394M
TOTAL LIABILITIES & EQUITY	$468M
Total Debt	$0
Net Debt	-$141M