Lattice Semiconductor (LSCC) FY2017 results: revenue $386 million, down 9.6% on the year
Lattice Semiconductor Corp. (LSCC) reported revenue of $386 million for fiscal 2017, the year ended 30 December 2017, down 9.6% on the year before. Net income was -$71 million, and diluted earnings per share $-0.58. The figures are the company's own, from the 10-K it filed with the SEC on 14 March 2018.
Revenue
$386 million
-9.6% on the year
FY2010FY2017
Operating margin
-12.3%
-6.3% a year earlier
FY2010FY2017
Net income
-$71 million
FY2010FY2017
Diluted EPS
-$0.58
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
386
427
406
-9.6%
Cost of revenue
169
180
185
-5.9%
Gross profit
217
247
221
-12.3%
Gross margin
56.1%
57.9%
54.5%
Research and development
103
118
137
-12.1%
Selling, general and administrative
90.7
98.6
97.3
-8.0%
Operating income
-47.6
-26.7
-107
Operating margin
-12.3%
-6.3%
-26.4%
Interest expense
18.8
20.3
18.4
-7.5%
Pre-tax income
-69.7
-44.2
-126
Income tax
0.8
9.9
32.5
-91.4%
Net income
-70.6
-54.1
-159
Net margin
-18.3%
-12.7%
-39.2%
Diluted EPS
-$0.58
-$0.45
-$1.36
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
38.5
41.7
-22.9
-7.7%
Capital expenditure
12.9
16.7
18.2
-23.1%
Free cash flow
25.7
25.0
-41.1
+2.6%
Free cash flow margin
6.6%
5.9%
-10.1%
Cash from investing
-8.3
-17.4
-337
Cash from financing
-32.6
-1.1
330
Depreciation and amortisation
57.9
61.8
60.8
-6.4%
Share-based compensation
12.5
16.2
18.4
-22.6%
Buybacks
0.0
0.0
7.0
Diluted shares, weighted
123m
120m
117m
+2.2%
Shares outstanding at period end
124m
122m
119m
+1.8%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
245
270
306
-9.4%
Debt
301
335
338
-10.0%
Other liabilities
89.7
162
142
-44.6%
Total liabilities and equity
636
767
786
-17.1%
Fixed assets
40.4
49.5
51.9
-18.3%
Goodwill
268
270
268
-0.8%
Intangible assets
51.3
119
163
-56.8%
Investments
5.0
10.3
18.0
-51.7%
Cash and equivalents
107
107
84.6
+0.2%
Receivables
55.1
99.6
88.5
-44.7%
Inventory
79.9
79.2
75.9
+0.9%
Other assets
29.9
33.1
37.0
-9.7%
Total assets
636
767
786
-17.1%
10-K for the year ended 30 December 2017, filed 14 March 2018: the filing.