LSCC FY 2021 Earnings Report — Lattice Semiconductor Corporation Revenue & Financial Results | Market Cap Arena

Lattice Semiconductor CorporationLSCC

FY 2021 Earnings

Reported February 23, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$515M	—	$408M	—	26.3%
Op. Income	$101M	—	$52M	—	92.5%
Gross Margin	62.4%	—	60.1%	—	2.3pp
Net Margin	18.6%	—	11.6%	—	7.0pp
EPS (Diluted)	$0.67	—	$0.34	—	97.1%
Free Cash Flow	$158M	—	$80M	—	98.4%

Revenue Flow

Item	Amount
REVENUE	$515M
Cost of Revenue	$194M
GROSS PROFIT	$322M
R&D Expenses	$111M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$106M
Other Expenses	$5M
Operating Expenses	$221M
Cost & Expenses	$415M
OPERATING INCOME	$101M
Interest Income	$0
Interest Expense	$3M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$98M
Income Tax Expense	$2M
Net Income from Continuing Ops	$96M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$96M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$96M
D&A	$31M
EBIT	$103M
EBITDA	$134M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$515M
Cost of Revenue	$194M
GROSS PROFIT	$322M
R&D Expenses	$111M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$106M
Other Expenses	$5M
Operating Expenses	$221M
Cost & Expenses	$415M
OPERATING INCOME	$101M
Interest Income	$0
Interest Expense	$3M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$98M
Income Tax Expense	$2M
Net Income from Continuing Ops	$96M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$96M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$96M
D&A	$31M
EBIT	$103M
EBITDA	$134M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$96M
Depreciation & Amortization	$24M
Stock-Based Compensation	$46M
Deferred Income Tax	-$324.0K
Other Non-Cash Items	$7M
Change in Working Capital	-$5M
OPERATING CASH FLOW	$168M
Capital Expenditure	-$10M
Acquisitions (Net)	-$68M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$12M
NET CASH FROM INVESTING	-$90M
Net Debt Issuance	-$13M
Common Stock Repurchased	-$70M
Common Dividends Paid	$0
Other Financing Activities	-$54M
NET CASH FROM FINANCING	-$129M
FREE CASH FLOW	$158M
Net Change in Cash	-$51M

Balance Sheet

Item	Amount
Cash & Equivalents	$132M
Short-Term Investments	$0
Net Receivables	$80M
Inventory	$68M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$301M
PP&E (Net)	$62M
Goodwill	$315M
Intangible Assets	$30M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$18M
TOTAL NON-CURRENT ASSETS	$425M
TOTAL ASSETS	$726M
Account Payables	$35M
Short-Term Debt	$17M
Deferred Revenue	$15M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$106M
Long-Term Debt	$141M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$49M
TOTAL NON-CURRENT LIABILITIES	$209M
TOTAL LIABILITIES	$315M
Common Stock	$1M
Additional Paid-In Capital	$702M
Retained Earnings	-$290M
Treasury Stock	$0
Accum. Other Comp. Income	-$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$412M
Minority Interest	$0
TOTAL EQUITY	$412M
TOTAL LIABILITIES & EQUITY	$726M
Total Debt	$183M
Net Debt	$51M