SMTC FY 2011 Earnings Report — Semtech Corporation Revenue & Financial Results | Market Cap Arena

Semtech CorporationSMTC

FY 2011 Earnings

Reported March 31, 2011

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	$455M	—	$287M	—	58.6%
Op. Income	$79M	—	$35M	—	122.0%
Gross Margin	56.9%	—	53.6%	—	3.3pp
Net Margin	16.0%	—	0.3%	—	15.6pp
EPS (Diluted)	$1.12	—	$0.02	—	5500.0%
Free Cash Flow	$68M	—	$75M	—	-8.5%

Revenue Flow

Item	Amount
REVENUE	$455M
Cost of Revenue	$196M
GROSS PROFIT	$259M
R&D Expenses	$70M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$110M
Other Expenses	$0
Operating Expenses	$180M
Cost & Expenses	$376M
OPERATING INCOME	$79M
Interest Income	$574.0K
Interest Expense	$0
Other Income/Expenses	$574.0K
INCOME BEFORE TAX	$79M
Income Tax Expense	$7M
Net Income from Continuing Ops	$73M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$73M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$73M
D&A	$16M
EBIT	$79M
EBITDA	$95M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$455M
Cost of Revenue	$196M
GROSS PROFIT	$259M
R&D Expenses	$70M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$110M
Other Expenses	$0
Operating Expenses	$180M
Cost & Expenses	$376M
OPERATING INCOME	$79M
Interest Income	$574.0K
Interest Expense	$0
Other Income/Expenses	$574.0K
INCOME BEFORE TAX	$79M
Income Tax Expense	$7M
Net Income from Continuing Ops	$73M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$73M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$73M
D&A	$16M
EBIT	$79M
EBITDA	$95M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$73M
Depreciation & Amortization	$16M
Stock-Based Compensation	$29M
Deferred Income Tax	$3M
Other Non-Cash Items	-$822.0K
Change in Working Capital	-$27M
OPERATING CASH FLOW	$94M
Capital Expenditure	-$26M
Acquisitions (Net)	$0
Purchases of Investments	-$169M
Sales/Maturities of Investments	$111M
Other Investing Activities	$76.0K
NET CASH FROM INVESTING	-$83M
Net Debt Issuance	$0
Common Stock Repurchased	-$3M
Common Dividends Paid	$0
Other Financing Activities	$31M
NET CASH FROM FINANCING	$28M
FREE CASH FLOW	$68M
Net Change in Cash	$38M

Balance Sheet

Item	Amount
Cash & Equivalents	$119M
Short-Term Investments	$112M
Net Receivables	$51M
Inventory	$48M
Other Current Assets	$24M
TOTAL CURRENT ASSETS	$354M
PP&E (Net)	$57M
Goodwill	$130M
Intangible Assets	$75M
Long-Term Investments	$27M
Tax Assets	$13M
Other Non-Current Assets	$5M
TOTAL NON-CURRENT ASSETS	$306M
TOTAL ASSETS	$660M
Account Payables	$30M
Short-Term Debt	$0
Deferred Revenue	$5M
Other Current Liabilities	$33M
TOTAL CURRENT LIABILITIES	$94M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$11M
Other Non-Current Liabilities	$26M
TOTAL NON-CURRENT LIABILITIES	$38M
TOTAL LIABILITIES	$131M
Common Stock	$785.0K
Additional Paid-In Capital	$352M
Retained Earnings	$407M
Treasury Stock	-$232M
Accum. Other Comp. Income	$743.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$529M
Minority Interest	$0
TOTAL EQUITY	$529M
TOTAL LIABILITIES & EQUITY	$660M
Total Debt	$0
Net Debt	-$119M