Lattice semiconductor corp (LSCC)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jul'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenue

97,316

100,237

103,469

102,296

98,091

95,977

101,484

102,715

98,623

95,266

91,971

94,137

104,587

118,108

113,225

99,209

96,512

101,194

109,715

106,460

88,597

83,600

86,570

99,320

96,637

89,519

87,154

84,694

71,158

65,875

70,889

70,792

71,700

70,170

81,720

83,861

82,615

77,137

77,119

Cost of revenue

39,754

40,944

42,030

42,258

40,439

41,671

43,120

52,467

42,102

-

-

-

41,614

-

45,695

40,710

39,007

46,664

49,415

48,163

40,672

37,337

35,759

44,345

42,499

40,916

40,778

39,584

33,003

30,202

32,341

33,741

32,215

29,707

33,866

33,190

33,006

31,551

29,889

Gross margin

57,562

59,293

61,439

60,038

57,652

-

58,364

50,248

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating expenses:
Research and development

21,693

19,543

20,032

19,377

19,665

19,296

19,131

21,081

22,941

23,500

25,648

26,820

27,389

26,248

27,747

30,915

32,608

32,055

37,619

39,552

27,642

22,485

22,053

22,302

21,239

22,331

20,254

20,267

18,114

18,655

20,446

19,363

19,146

16,085

16,999

18,631

20,140

14,814

15,158

Selling, general, and administrative

22,551

20,924

21,078

19,759

20,781

21,168

21,775

21,068

27,043

23,585

21,290

21,938

23,905

22,745

29,244

23,005

23,608

24,253

23,819

28,189

21,088

18,301

17,645

18,832

18,749

17,189

16,385

17,072

16,498

17,269

17,720

19,405

17,923

17,121

16,809

17,738

17,170

15,818

16,385

Amortization of acquired intangible assets

2,640

3,390

3,389

3,390

3,389

3,708

3,823

4,523

5,636

5,563

8,526

8,737

8,514

8,283

8,260

8,311

8,721

8,756

8,941

8,941

2,942

737

737

737

737

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring charges

940

-55

252

3,126

1,341

11,854

90

4,376

1,029

2,483

3,071

1,576

66

951

317

2,568

5,431

3,459

6,818

4,068

4,894

1

2

3

11

131

85

19

153

5,375

0

87

556

1,097

1,760

1,387

1,835

79

-120

Impairment of acquired intangible assets

-

-

0

0

-

-

586

11,900

-

-

36,198

0

-

-

7,866

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition related charges

-

-

0

0

-

0

0

864

667

573

681

867

1,660

6,211

0

0

94

372

610

3,270

18,198

0

0

0

0

-2,223

737

737

749

760

729

982

1,707

536

0

0

0

-

-

Gain on sale of building

-

-

-

-

-

-

-

-

-

-

4,624

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

47,824

43,802

44,751

45,652

45,176

13,924

45,405

63,812

99,418

-73,395

129,439

102,866

105,289

119,066

119,235

105,582

109,870

137,642

127,673

132,354

115,529

78,861

76,196

86,219

83,235

81,304

78,239

77,679

68,517

72,261

71,236

73,578

71,547

64,546

69,434

70,946

72,151

62,262

61,312

Income from operations

9,738

15,491

16,688

14,386

12,476

-1,720

12,959

-13,564

-795

-721

-37,468

-8,729

-702

-958

-6,010

-6,373

-13,358

-36,448

-17,958

-25,894

-26,932

4,739

10,374

13,101

13,402

8,215

8,915

7,015

2,641

-6,386

-347

-2,786

153

5,624

12,286

12,915

10,464

14,875

15,807

Interest expense

1,077

1,184

2,022

3,538

4,987

5,018

5,500

4,968

5,114

4,695

3,888

4,656

5,568

5,070

5,235

5,062

4,960

5,519

5,754

5,505

1,611

87

0

37

48

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other (expense) income, net

-50

-228

-61

-2,109

153

-3

-452

-348

554

-1,182

-2,027

410

-487

-714

209

2,532

817

23

-841

-115

-139

144

53

943

357

-388

346

-54

-52

-341

88

694

64

255

248

268

663

669

945

Income before income taxes

8,611

14,079

14,605

8,739

7,642

-6,741

7,007

-18,880

-5,355

-6,598

-43,383

-12,975

-6,757

-6,742

-11,036

-8,903

-17,501

-41,944

-24,553

-31,514

-28,682

4,796

10,427

14,007

13,711

7,675

9,261

6,961

2,589

-6,727

-259

-2,092

217

5,879

12,534

13,183

11,127

15,544

16,752

Income tax expense

400

126

1,066

180

200

423

33

1,300

597

615

-331

47

518

2,507

971

4,539

1,900

3,475

309

4,056

24,700

-10,623

1,021

2,236

1,727

1,128

417

1,921

699

448

1,916

10,450

7,931

-35,066

-803

152

208

176

16

Equity in net loss of an unconsolidated affiliate, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-407

-368

-310

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-19,711

-

-24,862

-35,570

-53,347

15,419

9,406

11,771

11,984

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss attributable to noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

8,167

13,987

13,539

8,559

7,408

-7,121

6,974

-20,223

-5,952

-7,213

-43,052

-13,022

-7,275

-

-12,414

-13,810

-

-

-

-

-

-

9,406

11,771

11,984

6,547

8,844

5,040

1,890

-7,175

-2,175

-12,542

-7,714

40,945

13,337

13,031

10,919

15,368

16,736

Net income per share:
Basic (in dollars per share)

0.06

0.11

0.10

0.06

0.06

-0.05

0.05

-0.16

-0.05

-

-0.35

-

-

-

-

-

-

-

-

-

-

0.13

0.08

0.10

0.10

0.05

0.08

0.04

0.02

-0.05

-0.02

-0.11

-0.07

0.35

0.11

0.11

0.09

0.13

0.14

Diluted (in dollars per share)

0.06

0.11

0.10

0.06

0.05

-0.05

0.05

-0.16

-0.05

-

-0.35

-

-

-

-

-

-

-

-

-

-

0.12

0.08

0.10

0.10

0.05

0.08

0.04

0.02

-0.05

-0.02

-0.11

-0.07

0.34

0.11

0.11

0.09

0.13

0.14

Earnings Per Share, Basic and Diluted

-

-

-

-

-

-

-

-

-

-

-

-0.11

-0.06

-0.06

-0.10

-0.12

-0.17

-0.39

-0.21

-0.30

-0.46

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Shares used in per share calculations:
Basic (in shares)

134,253

133,689

132,997

132,206

130,992

129,521

127,816

124,843

124,076

123,528

122,990

122,390

121,800

121,114

120,584

119,445

118,833

118,113

117,669

116,903

116,863

117,849

118,643

117,904

116,436

115,625

116,055

115,733

115,391

115,943

116,785

117,874

118,174

117,531

117,926

118,047

117,996

117,257

116,101

Diluted (in shares)

138,044

138,171

138,894

137,221

134,810

127,863

129,474

124,843

124,076

-

122,990

-

-

-

-

-

-

-

-

-

-

120,149

120,970

120,944

118,917

117,152

117,349

117,109

116,714

115,943

116,785

117,874

118,174

120,597

120,627

121,468

121,864

121,052

120,270

Net Income (loss)

8,167

13,987

13,539

8,559

7,408

-7,121

6,974

-20,223

-5,952

-7,213

-43,052

-13,022

-7,275

-

-12,414

-13,810

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,175

-12,542

-7,714

-

13,337

13,031

10,919

15,368

16,736

Unrealized gain (loss) related to marketable securities, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

39

43

-74

-

-1

-16

9

-

-

Less: reclassification adjustment for losses (gains) included in other income, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-78

9

-

0

0

-133

-

-

Translation adjustment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-15

104

155

-

-6

-130

75

-

-

Comprehensive Income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,151

-12,473

-7,624

-

13,330

12,885

10,870

-

-

Product
Revenue from Contract with Customer, Excluding Assessed Tax

-

-

97,477

98,096

-

-

97,932

98,294

95,109

-

87,369

83,168

92,669

110,330

102,816

89,335

88,223

88,613

98,572

96,300

85,715

83,600

86,570

99,320

96,637

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of revenue

-

-

42,030

42,258

-

-

43,120

52,208

-

-

38,032

40,749

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Licensing and services
Revenue from Contract with Customer, Excluding Assessed Tax

-

-

5,992

4,200

-

-

3,552

4,421

3,514

-

4,602

10,969

11,918

7,778

10,409

9,874

8,289

12,581

11,143

10,160

2,882

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of revenue

-

-

0

0

-

-

0

259

-

-

617

2,179

2,141

57

106

73

401

428

451

171

93

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-