Macom Technology Solutions Holdings (MTSI) FY2017 results: revenue $699 million, up 28.4% on the year
Macom Technology Solutions Holdings, Inc. (MTSI) reported revenue of $699 million for fiscal 2017, the year ended 29 September 2017, up 28.4% on the year before. Net income was -$169 million, and diluted earnings per share $-2.79. The figures are the company's own, from the 10-K it filed with the SEC on 26 November 2019.
Revenue
$699 million
+28.4% on the year
FY2010FY2017
Operating margin
-2.3%
2.4% a year earlier
FY2010FY2017
Net income
-$169 million
FY2010FY2017
Diluted EPS
-$2.79
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
699
544
421
+28.4%
Cost of revenue
372
263
217
+41.5%
Gross profit
327
282
204
+16.1%
Gross margin
46.8%
51.7%
48.4%
Research and development
148
108
82.2
+37.4%
Selling, general and administrative
188
145
110
+29.2%
Operating income
-16.1
13.2
10.1
Operating margin
-2.3%
2.4%
2.4%
Interest expense
28.9
18.4
18.4
+56.6%
Pre-tax income
-49.5
-21.6
-15.4
Income tax
101
-18.0
-9.9
Net income
-169
1.4
48.6
Net margin
-24.3%
0.3%
11.6%
Diluted EPS
-$2.79
$0.03
$0.95
$ 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
61.0
79.2
33.7
-22.9%
Capital expenditure
32.8
31.3
38.3
+4.7%
Free cash flow
28.2
47.9
-4.6
-41.0%
Free cash flow margin
4.0%
8.8%
-1.1%
Cash from investing
-338
-94.9
-207
Cash from financing
73.7
227
122
-67.6%
Depreciation and amortisation
93.0
70.6
54.7
+31.7%
Share-based compensation
36.3
27.0
19.4
+34.8%
Buybacks
18.5
10.0
8.6
+85.4%
Diluted shares, weighted
61m
53m
51m
+13.8%
Shares outstanding at period end
64m
54m
53m
+19.7%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
777
463
425
+68.0%
Debt
668
580
339
+15.2%
Other liabilities
191
146
97.2
+31.2%
Total liabilities and equity
1,637
1,189
861
+37.7%
Fixed assets
131
99.2
83.8
+32.1%
Goodwill
314
120
93.3
+161.4%
Intangible assets
621
260
244
+139.2%
Investments
84.1
23.8
39.6
+253.8%
Cash and equivalents
130
333
122
-60.9%
Receivables
136
108
84.0
+25.6%
Inventory
136
115
79.9
+18.4%
Other assets
84.9
130
114
-34.6%
Total assets
1,637
1,189
861
+37.7%
10-K for the year ended 29 September 2017, filed 26 November 2019: the filing.