Lattice Semiconductor (LSCC) FY2016 results: revenue $427 million, up 5.2% on the year
Lattice Semiconductor Corp. (LSCC) reported revenue of $427 million for fiscal 2016, the year ended 31 December 2016, up 5.2% on the year before. Net income was -$54 million, and diluted earnings per share $-0.45. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2017.
Revenue
$427 million
+5.2% on the year
FY2009FY2016
Operating margin
-6.3%
-26.4% a year earlier
FY2009FY2016
Net income
-$54 million
FY2009FY2016
Diluted EPS
-$0.45
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
427
406
366
+5.2%
Cost of revenue
180
185
160
-2.7%
Gross profit
247
221
206
+11.8%
Gross margin
57.9%
54.5%
56.3%
Research and development
118
137
88.1
-14.1%
Selling, general and administrative
98.6
97.3
73.5
+1.3%
Operating income
-26.7
-107
41.6
Operating margin
-6.3%
-26.4%
11.4%
Interest expense
20.3
18.4
0.2
+10.5%
Pre-tax income
-44.2
-126
42.9
Income tax
9.9
32.5
-5.6
-69.5%
Effective tax rate
n/a
n/a
-13.1%
Net income
-54.1
-159
48.6
Net margin
-12.7%
-39.2%
13.3%
Diluted EPS
-$0.45
-$1.36
$0.40
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
41.7
-22.9
40.1
Capital expenditure
16.7
18.2
10.3
-8.2%
Free cash flow
25.0
-41.1
29.9
Free cash flow margin
5.9%
-10.1%
8.2%
Cash from investing
-17.4
-337
-34.1
Cash from financing
-1.1
330
-4.3
Depreciation and amortisation
61.8
60.8
22.2
+1.6%
Share-based compensation
16.2
18.4
12.8
-11.9%
Buybacks
0.0
7.0
13.1
Diluted shares, weighted
120m
117m
120m
+2.2%
Shares outstanding at period end
122m
119m
117m
+2.5%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
270
306
441
-11.5%
Redeemable equity
n/a
n/a
0.0
Debt
335
338
0.0
-1.1%
Other liabilities
162
142
69.6
+14.0%
Total liabilities and equity
767
786
511
-2.4%
Fixed assets
49.5
51.9
27.8
-4.6%
Goodwill
270
268
44.8
+0.8%
Intangible assets
119
163
9.5
-26.9%
Investments
10.3
18.0
139
-42.6%
Cash and equivalents
107
84.6
116
+25.9%
Receivables
99.6
88.5
62.4
+12.6%
Inventory
79.2
75.9
64.9
+4.3%
Other assets
33.1
37.0
46.2
-10.5%
Total assets
767
786
511
-2.4%
10-K for the year ended 31 December 2016, filed 1 March 2017: the filing.