Macom Technology Solutions Holdings (MTSI) FY2023 results: revenue $648 million, down 4.0% on the year
Macom Technology Solutions Holdings, Inc. (MTSI) reported revenue of $648 million for fiscal 2023, the year ended 29 September 2023, down 4.0% on the year before. Net income was $92 million, down 79.2%, and diluted earnings per share $1.28. The figures are the company's own, from the 10-K it filed with the SEC on 13 November 2023.
Revenue
$648 million
-4.0% on the year
FY2016FY2023
Operating margin
16.6%
19.7% a year earlier
FY2016FY2023
Net income
$92 million
-79.2% on the year
FY2016FY2023
Diluted EPS
$1.28
-79.3% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
167
177
148
-5.7%
Capital expenditure
24.7
26.5
18.0
-6.8%
Free cash flow
142
150
130
-5.5%
Free cash flow margin
21.9%
22.3%
21.5%
Cash from investing
36.3
-183
-2.6
Cash from financing
-149
-28.9
-119
Depreciation and amortisation
52.2
57.2
70.0
-8.9%
Share-based compensation
38.1
41.2
35.0
-7.5%
Buybacks
32.6
36.0
23.4
-9.4%
Diluted shares, weighted
72m
71m
70m
+0.5%
Shares outstanding at period end
71m
70m
69m
+1.4%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
948
843
472
+12.4%
Debt
447
566
492
-21.0%
Operating lease liabilities
22.8
24.1
28.6
-5.6%
Finance lease liabilities
31.8
27.0
28.0
+17.5%
Other liabilities
104
112
114
-7.2%
Total liabilities and equity
1,553
1,572
1,134
-1.2%
Fixed assets
149
124
121
+20.9%
Goodwill
323
311
314
+3.8%
Intangible assets
67.0
51.3
84.7
+30.7%
Investments
416
565
256
-26.5%
Cash and equivalents
174
120
157
+45.0%
Receivables
91.3
102
84.6
-10.1%
Inventory
136
115
82.7
+18.6%
Other assets
196
184
34.7
+6.7%
Total assets
1,553
1,572
1,134
-1.2%
10-K for the year ended 29 September 2023, filed 13 November 2023: the filing.