Macom Technology Solutions Holdings (MTSI) FY2019 results: revenue $500 million, down 12.4% on the year
Macom Technology Solutions Holdings, Inc. (MTSI) reported revenue of $500 million for fiscal 2019, the year ended 27 September 2019, down 12.4% on the year before. Net income was -$384 million, and diluted earnings per share $-5.84. The figures are the company's own, from the 10-K it filed with the SEC on 26 November 2019.
Revenue
$500 million
-12.4% on the year
FY2012FY2019
Operating margin
-76.1%
-18.7% a year earlier
FY2012FY2019
Net income
-$384 million
FY2012FY2019
Diluted EPS
-$5.84
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
500
570
699
-12.4%
Cost of revenue
279
325
372
-14.1%
Gross profit
221
246
327
-10.2%
Gross margin
44.2%
43.1%
46.8%
Research and development
163
178
148
-8.0%
Selling, general and administrative
153
162
188
-5.2%
Operating income
-380
-107
-16.1
Operating margin
-76.1%
-18.7%
-2.3%
Interest expense
35.8
31.3
28.9
+14.2%
Pre-tax income
-423
-155
-49.5
Income tax
-39.4
-21.5
101
Net income
-384
-140
-169
Net margin
-76.8%
-24.5%
-24.3%
Diluted EPS
-$5.84
-$2.57
-$2.79
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
20.7
36.3
61.0
-43.0%
Capital expenditure
38.0
53.0
32.8
-28.4%
Free cash flow
-17.3
-16.8
28.2
Free cash flow margin
-3.5%
-2.9%
4.0%
Cash from investing
-33.9
-67.1
-338
Cash from financing
-5.8
-4.5
73.7
Depreciation and amortisation
104
112
93.0
-7.1%
Share-based compensation
23.8
31.9
36.3
-25.5%
Buybacks
4.1
6.8
18.5
-39.4%
Diluted shares, weighted
66m
65m
61m
+0.6%
Shares outstanding at period end
66m
65m
64m
+1.5%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
314
669
777
-53.1%
Debt
662
665
668
-0.5%
Finance lease liabilities
29.5
n/a
n/a
Other liabilities
100
149
191
-32.7%
Total liabilities and equity
1,106
1,482
1,637
-25.4%
Fixed assets
133
150
131
-11.5%
Goodwill
315
314
314
+0.2%
Intangible assets
181
513
621
-64.7%
Investments
101
98.2
84.1
+3.1%
Cash and equivalents
75.5
94.7
130
-20.2%
Receivables
69.8
97.4
136
-28.3%
Inventory
108
123
136
-12.2%
Other assets
123
92.6
84.9
+32.3%
Total assets
1,106
1,482
1,637
-25.4%
10-K for the year ended 27 September 2019, filed 26 November 2019: the filing.