Lattice Semiconductor (LSCC) FY2015 results: revenue $406 million, up 10.9% on the year
Lattice Semiconductor Corp. (LSCC) reported revenue of $406 million for fiscal 2015, the year ended 2 January 2016, up 10.9% on the year before. Net income was -$159 million, and diluted earnings per share $-1.36. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2016.
Revenue
$406 million
+10.9% on the year
FY2009FY2015
Operating margin
-26.4%
11.4% a year earlier
FY2009FY2015
Net income
-$159 million
FY2009FY2015
Diluted EPS
-$1.36
FY2009FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
406
366
333
+10.9%
Cost of revenue
185
160
154
+15.6%
Gross profit
221
206
178
+7.2%
Gross margin
54.5%
56.3%
53.6%
Research and development
137
88.1
81.0
+55.4%
Selling, general and administrative
97.3
73.5
67.1
+32.4%
Operating income
-107
41.6
26.8
Operating margin
-26.4%
11.4%
8.1%
Interest expense
18.4
0.2
0.2
+10,591.3%
Pre-tax income
-126
42.9
26.5
Income tax
32.5
-5.6
4.2
Effective tax rate
n/a
-13.1%
15.7%
Net income
-159
48.6
22.3
Net margin
-39.2%
13.3%
6.7%
Diluted EPS
-$1.36
$0.40
$0.19
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
-22.9
40.1
56.5
Capital expenditure
18.2
10.3
12.5
+77.4%
Free cash flow
-41.1
29.9
44.0
Free cash flow margin
-10.1%
8.2%
13.2%
Cash from investing
-337
-34.1
-56.4
Cash from financing
330
-4.3
-3.8
Depreciation and amortisation
60.8
22.2
20.8
+173.3%
Share-based compensation
18.4
12.8
9.5
+43.7%
Buybacks
7.0
13.1
6.2
-46.7%
Diluted shares, weighted
117m
120m
117m
-2.4%
Shares outstanding at period end
119m
117m
116m
+1.2%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
306
441
386
-30.7%
Redeemable equity
n/a
0.0
n/a
Debt
338
0.0
n/a
Other liabilities
142
69.6
62.2
+104.1%
Total liabilities and equity
786
511
448
+53.9%
Fixed assets
51.9
27.8
41.7
+86.5%
Goodwill
268
44.8
44.8
+497.1%
Intangible assets
163
9.5
12.5
+1,604.8%
Investments
18.0
139
107
-87.1%
Cash and equivalents
84.6
116
114
-26.8%
Receivables
88.5
62.4
50.1
+41.8%
Inventory
75.9
64.9
46.2
+16.9%
Other assets
37.0
46.2
31.5
-20.0%
Total assets
786
511
448
+53.9%
10-K for the year ended 2 January 2016, filed 2 March 2016: the filing.