Macom Technology Solutions Holdings (MTSI) FY2018 results: revenue $570 million, down 18.4% on the year
Macom Technology Solutions Holdings, Inc. (MTSI) reported revenue of $570 million for fiscal 2018, the year ended 28 September 2018, down 18.4% on the year before. Net income was -$140 million, and diluted earnings per share $-2.57. The figures are the company's own, from the 10-K it filed with the SEC on 26 November 2019.
Revenue
$570 million
-18.4% on the year
FY2011FY2018
Operating margin
-18.7%
-2.3% a year earlier
FY2011FY2018
Net income
-$140 million
FY2011FY2018
Diluted EPS
-$2.57
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
570
699
544
-18.4%
Cost of revenue
325
372
263
-12.7%
Gross profit
246
327
282
-24.8%
Gross margin
43.1%
46.8%
51.7%
Research and development
178
148
108
+20.1%
Selling, general and administrative
162
188
145
-14.0%
Operating income
-107
-16.1
13.2
Operating margin
-18.7%
-2.3%
2.4%
Interest expense
31.3
28.9
18.4
+8.6%
Pre-tax income
-155
-49.5
-21.6
Income tax
-21.5
101
-18.0
Net income
-140
-169
1.4
Net margin
-24.5%
-24.3%
0.3%
Diluted EPS
-$2.57
-$2.79
$0.03
$ 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
36.3
61.0
79.2
-40.6%
Capital expenditure
53.0
32.8
31.3
+61.7%
Free cash flow
-16.8
28.2
47.9
Free cash flow margin
-2.9%
4.0%
8.8%
Cash from investing
-67.1
-338
-94.9
Cash from financing
-4.5
73.7
227
Depreciation and amortisation
112
93.0
70.6
+20.8%
Share-based compensation
31.9
36.3
27.0
-12.1%
Buybacks
6.8
18.5
10.0
-63.2%
Diluted shares, weighted
65m
61m
53m
+7.6%
Shares outstanding at period end
65m
64m
54m
+1.4%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
669
777
463
-14.0%
Debt
665
668
580
-0.5%
Other liabilities
149
191
146
-22.4%
Total liabilities and equity
1,482
1,637
1,189
-9.4%
Fixed assets
150
131
99.2
+14.4%
Goodwill
314
314
120
+0.1%
Intangible assets
513
621
260
-17.4%
Investments
98.2
84.1
23.8
+16.8%
Cash and equivalents
94.7
130
333
-27.2%
Receivables
97.4
136
108
-28.5%
Inventory
123
136
115
-9.7%
Other assets
92.6
84.9
130
+9.1%
Total assets
1,482
1,637
1,189
-9.4%
10-K for the year ended 28 September 2018, filed 26 November 2019: the filing.