MTSI FY 2021 Earnings Report — MACOM Technology Solutions Holdings, Inc. Revenue & Financial Results | Market Cap Arena

MACOM Technology Solutions Holdings, Inc.MTSI

FY 2021 Earnings

Reported November 15, 2021

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	$607M	—	$530M	—	14.5%
Op. Income	$81M	—	$5M	—	1689.3%
Gross Margin	51.2%	—	44.8%	—	6.5pp
Net Margin	6.3%	—	-8.7%	—	15.0pp
EPS (Diluted)	$0.54	—	$-0.69	—	178.3%
Free Cash Flow	$130M	—	$154M	—	-15.2%

Revenue Flow

Item	Amount
REVENUE	$607M
Cost of Revenue	$296M
GROSS PROFIT	$311M
R&D Expenses	$139M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$91M
Other Expenses	$0
Operating Expenses	$230M
Cost & Expenses	$526M
OPERATING INCOME	$81M
Interest Income	$1M
Interest Expense	$22M
Other Income/Expenses	-$38M
INCOME BEFORE TAX	$43M
Income Tax Expense	$5M
Net Income from Continuing Ops	$38M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$38M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$38M
D&A	$70M
EBIT	$64M
EBITDA	$133M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$607M
Cost of Revenue	$296M
GROSS PROFIT	$311M
R&D Expenses	$139M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$91M
Other Expenses	$0
Operating Expenses	$230M
Cost & Expenses	$526M
OPERATING INCOME	$81M
Interest Income	$1M
Interest Expense	$22M
Other Income/Expenses	-$38M
INCOME BEFORE TAX	$43M
Income Tax Expense	$5M
Net Income from Continuing Ops	$38M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$38M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$38M
D&A	$70M
EBIT	$64M
EBITDA	$133M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$38M
Depreciation & Amortization	$70M
Stock-Based Compensation	$35M
Deferred Income Tax	$3M
Other Non-Cash Items	$29M
Change in Working Capital	-$26M
OPERATING CASH FLOW	$148M
Capital Expenditure	-$18M
Acquisitions (Net)	$194M
Purchases of Investments	-$194M
Sales/Maturities of Investments	$15M
Other Investing Activities	$284.0K
NET CASH FROM INVESTING	-$3M
Net Debt Issuance	-$97M
Common Stock Repurchased	-$23M
Common Dividends Paid	$0
Other Financing Activities	$1M
NET CASH FROM FINANCING	-$119M
FREE CASH FLOW	$130M
Net Change in Cash	$27M

Balance Sheet

Item	Amount
Cash & Equivalents	$157M
Short-Term Investments	$188M
Net Receivables	$85M
Inventory	$83M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$522M
PP&E (Net)	$121M
Goodwill	$314M
Intangible Assets	$85M
Long-Term Investments	$15M
Tax Assets	$40M
Other Non-Current Assets	$38M
TOTAL NON-CURRENT ASSETS	$613M
TOTAL ASSETS	$1.1B
Account Payables	$29M
Short-Term Debt	$0
Deferred Revenue	$2M
Other Current Liabilities	$33M
TOTAL CURRENT LIABILITIES	$93M
Long-Term Debt	$492M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$49M
TOTAL NON-CURRENT LIABILITIES	$569M
TOTAL LIABILITIES	$662M
Common Stock	$69.0K
Additional Paid-In Capital	$1.3B
Retained Earnings	-$802M
Treasury Stock	-$330.0K
Accum. Other Comp. Income	$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$472M
Minority Interest	$0
TOTAL EQUITY	$472M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$529M
Net Debt	$372M