Macom Technology Solutions Holdings (MTSI) FY2016 results: revenue $544 million, up 29.4% on the year
Macom Technology Solutions Holdings, Inc. (MTSI) reported revenue of $544 million for fiscal 2016, the year ended 30 September 2016, up 29.4% on the year before. Net income was $1 million, down 97.0%, and diluted earnings per share $0.03. The figures are the company's own, from the 10-K it filed with the SEC on 17 November 2016.
Revenue
$544 million
+29.4% on the year
FY2010FY2016
Operating margin
2.4%
2.4% a year earlier
FY2010FY2016
Net income
$1 million
-97.0% on the year
FY2010FY2016
Diluted EPS
$0.03
-96.8% on the year
FY2010FY2016
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
544
421
339
+29.4%
Cost of revenue
263
217
198
+21.1%
Gross profit
282
204
141
+38.3%
Gross margin
51.7%
48.4%
41.6%
Research and development
108
82.2
71.4
+31.0%
Selling, general and administrative
145
110
82.6
+32.2%
Operating income
13.2
10.1
-27.8
+31.3%
Operating margin
2.4%
2.4%
-8.2%
Interest expense
18.4
18.4
12.4
+0.3%
Pre-tax income
-21.6
-15.4
-40.9
Income tax
-18.0
-9.9
-16.1
Net income
1.4
48.6
-15.3
-97.0%
Net margin
0.3%
11.6%
-4.5%
Diluted EPS
$0.03
$0.95
-$0.33
-96.8%
$ 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
79.2
33.7
25.5
+135.3%
Capital expenditure
31.3
38.3
17.0
-18.1%
Free cash flow
47.9
-4.6
8.5
Free cash flow margin
8.8%
-1.1%
2.5%
Cash from investing
-94.9
-207
-264
Cash from financing
227
122
302
+85.7%
Depreciation and amortisation
70.6
54.7
34.6
+29.0%
Share-based compensation
27.0
19.4
11.3
+38.7%
Buybacks
10.0
8.6
1.3
+15.9%
Diluted shares, weighted
53m
51m
47m
+4.3%
Shares outstanding at period end
54m
53m
48m
+1.4%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
463
425
229
+9.0%
Debt
580
339
347
+71.0%
Other liabilities
146
97.2
107
+50.1%
Total liabilities and equity
1,189
861
682
+38.1%
Fixed assets
99.2
83.8
50.1
+18.4%
Goodwill
120
93.3
10.8
+28.6%
Intangible assets
260
244
143
+6.5%
Investments
23.8
39.6
n/a
-39.9%
Cash and equivalents
333
122
174
+172.2%
Receivables
108
84.0
62.3
+29.0%
Inventory
115
79.9
71.5
+43.8%
Other assets
130
114
171
+13.5%
Total assets
1,189
861
682
+38.1%
10-K for the year ended 30 September 2016, filed 17 November 2016: the filing.