Macom Technology Solutions Holdings (MTSI) FY2020 results: revenue $530 million, up 6.1% on the year
Macom Technology Solutions Holdings, Inc. (MTSI) reported revenue of $530 million for fiscal 2020, the year ended 2 October 2020, up 6.1% on the year before. Net income was -$46 million, and diluted earnings per share $-0.69. The figures are the company's own, from the 10-K it filed with the SEC on 18 November 2020.
Revenue
$530 million
+6.1% on the year
FY2013FY2020
Operating margin
0.6%
-76.1% a year earlier
FY2013FY2020
Net income
-$46 million
FY2013FY2020
Diluted EPS
-$0.69
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
530
500
570
+6.1%
Cost of revenue
260
279
325
-6.9%
Gross profit
270
221
246
+22.4%
Gross margin
51.0%
44.2%
43.1%
Research and development
141
163
178
-13.5%
Selling, general and administrative
124
153
162
-18.9%
Operating income
3.4
-380
-107
Operating margin
0.6%
-76.1%
-18.7%
Interest expense
27.4
35.8
31.3
-23.5%
Pre-tax income
-41.6
-423
-155
Income tax
4.5
-39.4
-21.5
Net income
-46.1
-384
-140
Net margin
-8.7%
-76.8%
-24.5%
Diluted EPS
-$0.69
-$5.84
-$2.57
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
171
20.7
36.3
+728.0%
Capital expenditure
17.6
38.0
53.0
-53.7%
Free cash flow
154
-17.3
-16.8
Free cash flow margin
29.0%
-3.5%
-2.9%
Cash from investing
-107
-33.9
-67.1
Cash from financing
-10.7
-5.8
-4.5
Depreciation and amortisation
78.8
104
112
-24.5%
Share-based compensation
35.7
23.8
31.9
+49.9%
Buybacks
6.7
4.1
6.8
+62.1%
Diluted shares, weighted
67m
66m
65m
+1.4%
Shares outstanding at period end
67m
66m
65m
+1.1%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
300
314
669
-4.4%
Debt
659
662
665
-0.5%
Operating lease liabilities
31.8
n/a
n/a
Finance lease liabilities
29.0
29.5
n/a
-1.7%
Other liabilities
126
100
149
+26.4%
Total liabilities and equity
1,146
1,106
1,482
+3.7%
Fixed assets
119
133
150
-10.4%
Goodwill
315
315
314
+0.1%
Intangible assets
131
181
513
-27.8%
Investments
204
101
98.2
+101.2%
Cash and equivalents
129
75.5
94.7
+71.4%
Receivables
45.9
69.8
97.4
-34.3%
Inventory
91.6
108
123
-15.1%
Other assets
111
123
92.6
-9.4%
Total assets
1,146
1,106
1,482
+3.7%
10-K for the year ended 2 October 2020, filed 18 November 2020: the filing.