SMTC FY 2017 Earnings Report — Semtech Corporation Revenue & Financial Results | Market Cap Arena

Semtech CorporationSMTC

FY 2017 Earnings

Reported March 23, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$544M	—	$490M	—	11.0%
Op. Income	$60M	—	$18M	—	232.4%
Gross Margin	55.0%	—	54.7%	—	0.4pp
Net Margin	10.0%	—	2.3%	—	7.7pp
EPS (Diluted)	$0.83	—	$0.17	—	388.2%
Free Cash Flow	$85M	—	$89M	—	-4.9%

Revenue Flow

Item	Amount
REVENUE	$544M
Cost of Revenue	$245M
GROSS PROFIT	$300M
R&D Expenses	$103M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$137M
Other Expenses	$0
Operating Expenses	$239M
Cost & Expenses	$484M
OPERATING INCOME	$60M
Interest Income	$205.0K
Interest Expense	$9M
Other Income/Expenses	$13M
INCOME BEFORE TAX	$73M
Income Tax Expense	$18M
Net Income from Continuing Ops	$55M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$55M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$55M
D&A	$47M
EBIT	$60M
EBITDA	$107M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$544M
Cost of Revenue	$245M
GROSS PROFIT	$300M
R&D Expenses	$103M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$137M
Other Expenses	$0
Operating Expenses	$239M
Cost & Expenses	$484M
OPERATING INCOME	$60M
Interest Income	$205.0K
Interest Expense	$9M
Other Income/Expenses	$13M
INCOME BEFORE TAX	$73M
Income Tax Expense	$18M
Net Income from Continuing Ops	$55M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$55M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$55M
D&A	$47M
EBIT	$60M
EBITDA	$107M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$55M
Depreciation & Amortization	$47M
Stock-Based Compensation	$31M
Deferred Income Tax	$2M
Other Non-Cash Items	-$25M
Change in Working Capital	$8M
OPERATING CASH FLOW	$118M
Capital Expenditure	-$33M
Acquisitions (Net)	$32M
Purchases of Investments	-$13M
Sales/Maturities of Investments	$555.0K
Other Investing Activities	$48.0K
NET CASH FROM INVESTING	-$14M
Net Debt Issuance	-$15M
Common Stock Repurchased	-$1M
Common Dividends Paid	$0
Other Financing Activities	-$3M
NET CASH FROM FINANCING	-$19M
FREE CASH FLOW	$85M
Net Change in Cash	$85M

Balance Sheet

Item	Amount
Cash & Equivalents	$297M
Short-Term Investments	$0
Net Receivables	$51M
Inventory	$66M
Other Current Assets	$18M
TOTAL CURRENT ASSETS	$438M
PP&E (Net)	$109M
Goodwill	$330M
Intangible Assets	$62M
Long-Term Investments	$36M
Tax Assets	$8M
Other Non-Current Assets	$31M
TOTAL NON-CURRENT ASSETS	$576M
TOTAL ASSETS	$1.0B
Account Payables	$42M
Short-Term Debt	$14M
Deferred Revenue	$12M
Other Current Liabilities	$15M
TOTAL CURRENT LIABILITIES	$123M
Long-Term Debt	$227M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$9M
Other Non-Current Liabilities	$50M
TOTAL NON-CURRENT LIABILITIES	$286M
TOTAL LIABILITIES	$409M
Common Stock	$785.0K
Additional Paid-In Capital	$391M
Retained Earnings	$468M
Treasury Stock	-$253M
Accum. Other Comp. Income	-$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$605M
Minority Interest	$0
TOTAL EQUITY	$605M
TOTAL LIABILITIES & EQUITY	$1.0B
Total Debt	$241M
Net Debt	-$56M