Lattice Semiconductor (LSCC) FY2018 results: revenue $399 million, up 3.3% on the year
Lattice Semiconductor Corp. (LSCC) reported revenue of $399 million for fiscal 2018, the year ended 29 December 2018, up 3.3% on the year before. Net income was -$26 million, and diluted earnings per share $-0.21. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2019.
Revenue
$399 million
+3.3% on the year
FY2011FY2018
Operating margin
-0.8%
-12.3% a year earlier
FY2011FY2018
Net income
-$26 million
FY2011FY2018
Diluted EPS
-$0.21
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
399
386
427
+3.3%
Cost of revenue
179
169
180
+5.9%
Gross profit
219
217
247
+1.3%
Gross margin
55.0%
56.1%
57.9%
Research and development
82.4
103
118
-20.2%
Selling, general and administrative
91.1
90.7
98.6
+0.4%
Operating income
-3.1
-47.6
-26.7
Operating margin
-0.8%
-12.3%
-6.3%
Interest expense
20.6
18.8
20.3
+9.5%
Pre-tax income
-24.0
-69.7
-44.2
Income tax
2.4
0.8
9.9
+177.1%
Net income
-26.3
-70.6
-54.1
Net margin
-6.6%
-18.3%
-12.7%
Diluted EPS
-$0.21
-$0.58
-$0.45
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
51.5
38.5
41.7
+33.6%
Capital expenditure
8.4
12.9
16.7
-34.8%
Free cash flow
43.1
25.7
25.0
+67.9%
Free cash flow margin
10.8%
6.6%
5.9%
Cash from investing
-21.1
-8.3
-17.4
Cash from financing
-16.8
-32.6
-1.1
Depreciation and amortisation
39.3
57.9
61.8
-32.1%
Share-based compensation
13.6
12.5
16.2
+8.8%
Buybacks
0.0
0.0
0.0
Diluted shares, weighted
127m
123m
120m
+3.2%
Shares outstanding at period end
130m
124m
122m
+4.7%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
258
245
270
+5.5%
Debt
260
301
335
-13.8%
Other liabilities
106
89.7
162
+17.7%
Total liabilities and equity
624
636
767
-1.9%
Fixed assets
34.9
40.4
49.5
-13.7%
Goodwill
268
268
270
0.0%
Intangible assets
21.3
51.3
119
-58.4%
Investments
9.6
5.0
10.3
+93.2%
Cash and equivalents
119
107
107
+11.5%
Receivables
60.9
55.1
99.6
+10.5%
Inventory
67.1
79.9
79.2
-16.0%
Other assets
43.3
29.9
33.1
+44.8%
Total assets
624
636
767
-1.9%
10-K for the year ended 29 December 2018, filed 26 February 2019: the filing.