SMTC FY 2012 Earnings Report — Semtech Corporation Revenue & Financial Results | Market Cap Arena

Semtech CorporationSMTC

FY 2012 Earnings

Reported March 29, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$481M	—	$455M	—	5.7%
Op. Income	$98M	—	$79M	—	24.5%
Gross Margin	57.7%	—	56.9%	—	0.8pp
Net Margin	18.5%	—	16.0%	—	2.6pp
EPS (Diluted)	$1.32	—	$1.12	—	17.9%
Free Cash Flow	$75M	—	$68M	—	10.3%

Revenue Flow

Item	Amount
REVENUE	$481M
Cost of Revenue	$203M
GROSS PROFIT	$277M
R&D Expenses	$81M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$99M
Other Expenses	$0
Operating Expenses	$179M
Cost & Expenses	$383M
OPERATING INCOME	$98M
Interest Income	$593.0K
Interest Expense	$1M
Other Income/Expenses	-$4M
INCOME BEFORE TAX	$94M
Income Tax Expense	$5M
Net Income from Continuing Ops	$89M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$89M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$89M
D&A	$19M
EBIT	$98M
EBITDA	$117M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$481M
Cost of Revenue	$203M
GROSS PROFIT	$277M
R&D Expenses	$81M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$99M
Other Expenses	$0
Operating Expenses	$179M
Cost & Expenses	$383M
OPERATING INCOME	$98M
Interest Income	$593.0K
Interest Expense	$1M
Other Income/Expenses	-$4M
INCOME BEFORE TAX	$94M
Income Tax Expense	$5M
Net Income from Continuing Ops	$89M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$89M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$89M
D&A	$19M
EBIT	$98M
EBITDA	$117M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$89M
Depreciation & Amortization	$19M
Stock-Based Compensation	$24M
Deferred Income Tax	-$2M
Other Non-Cash Items	$1M
Change in Working Capital	-$31M
OPERATING CASH FLOW	$100M
Capital Expenditure	-$25M
Acquisitions (Net)	$3M
Purchases of Investments	-$93M
Sales/Maturities of Investments	$132M
Other Investing Activities	-$3M
NET CASH FROM INVESTING	$14M
Net Debt Issuance	$0
Common Stock Repurchased	-$51M
Common Dividends Paid	$0
Other Financing Activities	$2M
NET CASH FROM FINANCING	-$6M
FREE CASH FLOW	$75M
Net Change in Cash	$108M

Balance Sheet

Item	Amount
Cash & Equivalents	$227M
Short-Term Investments	$83M
Net Receivables	$50M
Inventory	$47M
Other Current Assets	$11M
TOTAL CURRENT ASSETS	$427M
PP&E (Net)	$70M
Goodwill	$130M
Intangible Assets	$67M
Long-Term Investments	$18M
Tax Assets	$0
Other Non-Current Assets	$15M
TOTAL NON-CURRENT ASSETS	$299M
TOTAL ASSETS	$726M
Account Payables	$27M
Short-Term Debt	$0
Deferred Revenue	$4M
Other Current Liabilities	$13M
TOTAL CURRENT LIABILITIES	$67M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1M
Other Non-Current Liabilities	$28M
TOTAL NON-CURRENT LIABILITIES	$29M
TOTAL LIABILITIES	$96M
Common Stock	$785.0K
Additional Paid-In Capital	$358M
Retained Earnings	$496M
Treasury Stock	-$226M
Accum. Other Comp. Income	$535.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$630M
Minority Interest	$0
TOTAL EQUITY	$630M
TOTAL LIABILITIES & EQUITY	$726M
Total Debt	$0
Net Debt	-$227M