Macom Technology Solutions Holdings (MTSI) FY2014 results: revenue $339 million, up 39.8% on the year
Macom Technology Solutions Holdings, Inc. (MTSI) reported revenue of $339 million for fiscal 2014, the year ended 3 October 2014, up 39.8% on the year before. Net income was -$15 million, and diluted earnings per share $-0.33. The figures are the company's own, from the 10-K it filed with the SEC on 9 December 2014.
Revenue
$339 million
+39.8% on the year
FY2010FY2014
Operating margin
-8.2%
3.2% a year earlier
FY2010FY2014
Net income
-$15 million
FY2010FY2014
Diluted EPS
-$0.33
FY2010FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
339
243
303
+39.8%
Cost of revenue
198
134
169
+48.5%
Gross profit
141
109
134
+29.1%
Gross margin
41.6%
45.0%
44.2%
Research and development
71.4
42.5
36.8
+67.9%
Selling, general and administrative
82.6
57.9
45.7
+42.6%
Operating income
-27.8
7.7
53.7
Operating margin
-8.2%
3.2%
17.7%
Interest expense
12.4
0.8
0.7
+1,413.1%
Pre-tax income
-40.9
2.9
12.3
Income tax
-16.1
0.3
16.0
Effective tax rate
n/a
9.6%
129.8%
Net income
-15.3
18.2
-3.7
Net margin
-4.5%
7.5%
-1.2%
Diluted EPS
-$0.33
$0.39
-$0.15
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
25.5
28.9
30.4
-11.9%
Capital expenditure
17.0
12.3
15.7
+37.6%
Free cash flow
8.5
16.6
14.7
-48.7%
Free cash flow margin
2.5%
6.8%
4.8%
Cash from investing
-264
-13.2
-15.7
Cash from financing
302
10.2
24.2
+2,859.1%
Depreciation and amortisation
34.6
14.8
12.6
+133.6%
Share-based compensation
11.3
6.1
3.8
+85.0%
Buybacks
1.3
0.1
0.7
+1,564.9%
Dividends paid
n/a
n/a
0.6
Diluted shares, weighted
47m
47m
25m
-0.3%
Shares outstanding at period end
48m
46m
46m
+2.4%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
229
247
210
-7.5%
Redeemable equity
n/a
n/a
0.0
Debt
347
0.0
n/a
Other liabilities
107
69.5
71.1
+54.0%
Total liabilities and equity
682
317
282
+115.5%
Fixed assets
50.1
32.7
31.1
+52.9%
Goodwill
10.8
6.8
6.8
+59.8%
Intangible assets
143
24.8
26.8
+475.2%
Cash and equivalents
174
110
84.5
+57.4%
Receivables
62.3
63.5
55.0
-2.0%
Inventory
71.5
54.9
58.3
+30.2%
Other assets
171
23.5
19.0
+629.1%
Total assets
682
317
282
+115.5%
10-K for the year ended 3 October 2014, filed 9 December 2014: the filing.