LSCC FY 2022 Earnings Report — Lattice Semiconductor Corporation Revenue & Financial Results | Market Cap Arena

Lattice Semiconductor CorporationLSCC

FY 2022 Earnings

Reported February 17, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$660M	—	$515M	—	28.1%
Op. Income	$187M	—	$101M	—	85.9%
Gross Margin	68.5%	—	62.4%	—	6.0pp
Net Margin	27.1%	—	18.6%	—	8.5pp
EPS (Diluted)	$1.27	—	$0.67	—	89.6%
Free Cash Flow	$215M	—	$158M	—	36.5%

Revenue Flow

Item	Amount
REVENUE	$660M
Cost of Revenue	$208M
GROSS PROFIT	$452M
R&D Expenses	$136M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$122M
Other Expenses	$7M
Operating Expenses	$265M
Cost & Expenses	$473M
OPERATING INCOME	$187M
Interest Income	$0
Interest Expense	$4M
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$182M
Income Tax Expense	$3M
Net Income from Continuing Ops	$179M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$179M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$179M
D&A	$36M
EBIT	$190M
EBITDA	$226M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$660M
Cost of Revenue	$208M
GROSS PROFIT	$452M
R&D Expenses	$136M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$122M
Other Expenses	$7M
Operating Expenses	$265M
Cost & Expenses	$473M
OPERATING INCOME	$187M
Interest Income	$0
Interest Expense	$4M
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$182M
Income Tax Expense	$3M
Net Income from Continuing Ops	$179M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$179M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$179M
D&A	$36M
EBIT	$190M
EBITDA	$226M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$179M
Depreciation & Amortization	$36M
Stock-Based Compensation	$56M
Deferred Income Tax	-$1M
Other Non-Cash Items	$8M
Change in Working Capital	-$38M
OPERATING CASH FLOW	$239M
Capital Expenditure	-$23M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$12M
NET CASH FROM INVESTING	-$35M
Net Debt Issuance	-$30M
Common Stock Repurchased	-$110M
Common Dividends Paid	$0
Other Financing Activities	-$55M
NET CASH FROM FINANCING	-$188M
FREE CASH FLOW	$215M
Net Change in Cash	$14M

Balance Sheet

Item	Amount
Cash & Equivalents	$146M
Short-Term Investments	$0
Net Receivables	$94M
Inventory	$110M
Other Current Assets	$7M
TOTAL CURRENT ASSETS	$379M
PP&E (Net)	$65M
Goodwill	$315M
Intangible Assets	$25M
Long-Term Investments	$0
Tax Assets	$1M
Other Non-Current Assets	$13M
TOTAL NON-CURRENT ASSETS	$420M
TOTAL ASSETS	$799M
Account Payables	$42M
Short-Term Debt	$6M
Deferred Revenue	$18M
Other Current Liabilities	$24M
TOTAL CURRENT LIABILITIES	$127M
Long-Term Debt	$129M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$42M
TOTAL NON-CURRENT LIABILITIES	$184M
TOTAL LIABILITIES	$312M
Common Stock	$1M
Additional Paid-In Capital	$599M
Retained Earnings	-$111M
Treasury Stock	$0
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$487M
Minority Interest	$0
TOTAL EQUITY	$487M
TOTAL LIABILITIES & EQUITY	$799M
Total Debt	$149M
Net Debt	$3M