Lattice Semiconductor (LSCC) FY2013 results: revenue $333 million, up 19.1% on the year
Lattice Semiconductor Corp. (LSCC) reported revenue of $333 million for fiscal 2013, the year ended 28 December 2013, up 19.1% on the year before. Net income was $22 million, and diluted earnings per share $0.19. The figures are the company's own, from the 10-K it filed with the SEC on 11 March 2014.
Revenue
$333 million
+19.1% on the year
FY2009FY2013
Operating margin
8.1%
-3.4% a year earlier
FY2009FY2013
Net income
$22 million
FY2009FY2013
Diluted EPS
$0.19
FY2009FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
333
279
318
+19.1%
Cost of revenue
154
128
130
+20.1%
Gross profit
178
151
189
+18.2%
Gross margin
53.6%
54.0%
59.2%
Research and development
81.0
77.6
71.9
+4.3%
Selling, general and administrative
67.1
72.3
68.8
-7.2%
Operating income
26.8
-9.4
41.3
Operating margin
8.1%
-3.4%
13.0%
Interest expense
0.2
n/a
n/a
Pre-tax income
26.5
-8.9
42.7
Income tax
4.2
20.7
-35.5
-79.9%
Effective tax rate
15.7%
n/a
-83.1%
Net income
22.3
-29.6
78.2
Net margin
6.7%
-10.6%
24.6%
Diluted EPS
$0.19
-$0.25
$0.65
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
56.5
4.3
62.4
+1,221.4%
Capital expenditure
12.5
13.6
13.0
-8.0%
Free cash flow
44.0
-9.3
49.4
Free cash flow margin
13.2%
-3.3%
15.5%
Cash from investing
-56.4
-13.4
-86.2
Cash from financing
-3.8
-14.0
-8.9
Depreciation and amortisation
20.8
22.1
16.7
-6.1%
Share-based compensation
9.5
7.5
6.4
+26.8%
Buybacks
6.2
17.5
14.4
-64.9%
Diluted shares, weighted
117m
117m
121m
-0.1%
Shares outstanding at period end
116m
116m
118m
+0.1%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
386
358
394
+7.9%
Other liabilities
62.2
57.1
74.4
+9.0%
Total liabilities and equity
448
415
468
+8.0%
Fixed assets
41.7
40.4
40.4
+3.3%
Goodwill
44.8
44.8
44.8
0.0%
Intangible assets
12.5
15.4
18.4
-19.1%
Investments
107
69.6
75.7
+53.4%
Cash and equivalents
114
119
141
-3.6%
Receivables
50.1
46.9
37.0
+6.7%
Inventory
46.2
44.2
37.3
+4.6%
Other assets
31.5
34.7
73.0
-9.3%
Total assets
448
415
468
+8.0%
10-K for the year ended 28 December 2013, filed 11 March 2014: the filing.