SEMTECH CORP SMTC Income Statement

Semtech corp (SMTC)

Income statement / Quarterly

Jan'20	Oct'19	Jul'19	Apr'19	Jan'19	Oct'18	Jul'18	Apr'18	Jan'18	Oct'17	Jul'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14	Jan'14	Oct'13	Jul'13	Apr'13	Jan'13	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11	Jul'11	Apr'11	Jan'11	Oct'10	Jul'10	Apr'10	Oct'09	Jul'09
Net sales
138,001	141,011	137,146	131,354	160,006	173,550	163,211	130,429	140,614	150,304	153,127	143,802	140,031	137,185	135,911	131,145	118,609	115,810	125,712	130,088	130,394	148,890	145,742	132,859	126,534	141,026	165,010	162,407	150,603	160,878	150,704	116,642	104,032	123,944	130,254	122,371	116,270	123,125	113,227	101,880	75,147	66,317
Cost of sales
53,724	54,763	52,262	50,079	61,139	66,988	63,087	58,960	55,213	60,885	60,891	58,887	56,533	56,120	54,136	52,621	49,059	46,226	50,136	51,688	57,233	59,564	57,521	54,775	57,682	57,615	64,302	65,120	62,646	64,085	76,179	61,305	44,368	50,537	51,534	48,517	46,264	49,304	45,795	44,833	33,776	30,165
Cost of sales - lower of cost or market write-down
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,047	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-
Gross Profit
84,277	86,248	84,884	81,275	98,867	106,562	100,124	71,469	85,401	89,419	92,236	84,915	83,498	81,065	81,775	78,524	69,550	69,584	75,576	78,400	73,161	89,326	88,221	78,084	53,805	83,411	100,708	97,287	87,957	96,793	74,525	55,337	59,664	73,407	78,720	73,854	70,006	73,821	67,432	57,047	41,371	36,152
Operating costs and expenses:
Selling, general and administrative
51,059	33,795	39,875	38,377	30,724	39,587	33,529	41,406	38,326	36,568	39,237	34,015	37,053	35,116	32,824	33,715	38,619	30,747	33,798	37,513	31,971	31,920	31,547	31,696	26,421	30,849	33,315	34,794	37,386	35,646	31,220	44,818	26,333	25,110	22,481	26,705	23,637	35,501	24,915	26,351	18,521	16,741
Product development and engineering
28,046	26,670	25,553	27,099	27,622	27,147	28,079	26,199	24,024	27,631	27,432	25,983	25,403	25,600	26,325	25,172	28,965	26,855	28,239	29,678	34,984	28,401	28,173	27,813	37,805	31,948	33,125	34,559	29,959	33,354	32,613	24,083	19,335	20,489	22,228	18,525	18,517	18,400	17,404	15,303	10,467	10,591
Intangible amortization
3,725	3,770	3,908	5,143	6,728	6,480	6,480	6,961	7,453	7,453	6,675	6,286	6,284	6,286	6,328	6,403	6,411	6,308	6,177	6,163	6,426	6,423	6,444	6,425	6,586	7,349	7,211	-	8,177	8,212	7,977	4,878	-	-	-	-	-	-	-	-	303	302
Loss (gain) on disposition of business operations
-	-	-	-	-	-	-	-	0	0	0	-375	477	25,036	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangible asset impairments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	29,938	0	2,600	-	0	0	0	700	-	-	-	-	-	-	-	-	-	-
Goodwill impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	116,686	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-
Changes in the fair value of contingent earn-out obligations
-32	-152	0	-2,161	0	-8,519	-900	0	-	188	0	-	-53	0	-129	-33	-3,068	-14,186	730	162	-	-228	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangible amortization and impairments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,856	-	-	-	-	2,075	4,573	2,103	2,102	2,304	2,406	2,405	2,405	-	-
Restructuring charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	962	3,564	-	284	0	0	1,001	3,086	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-
Total operating costs and expenses
82,798	64,083	69,336	68,458	65,074	64,695	67,188	74,566	73,507	71,840	73,344	66,659	68,210	41,966	65,348	65,257	66,401	50,686	72,508	73,516	86,920	66,516	66,164	66,935	220,522	70,146	76,251	77,209	75,522	77,212	71,810	74,479	47,743	50,172	46,812	47,332	44,458	56,307	44,724	44,059	29,291	27,634
Operating Income (Loss)
1,479	22,165	15,548	12,817	33,793	41,867	32,936	-3,097	11,894	17,579	18,892	18,256	15,288	39,099	16,427	13,267	3,149	18,898	3,068	4,884	-13,759	22,810	22,057	11,149	-166,717	13,265	24,457	20,078	12,435	19,581	2,715	-19,142	11,921	23,235	31,908	26,522	25,548	17,514	22,708	12,988	12,080	8,518
Interest Income (Expense), Nonoperating, Net
-1,859	-2,183	-2,597	-2,467	-2,457	-2,355	-2,200	-2,190	-1,856	-2,032	-2,029	-2,046	-7,303	-1,890	-2,037	1,930	-13,517	1,964	1,900	1,834	-10,364	1,462	1,588	1,387	1,712	1,818	10,584	-	4,154	4,172	4,194	1,843	0	0	0	0	-	-	-	-	-	-
Interest and amortization of debt discount and expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,060	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Nonoperating Income (Expense)
-7	644	1,213	1,043	1,909	1,182	542	190	-1,333	5,517	-204	-632	-850	-690	-136	-45	-648	-777	117	-493	572	216	-345	-278	-126	-259	-198	-807	-282	-1,071	162	214	421	729	-117	-440	66	3	308	197	1,136	282
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net
-	0	-	-	-	30,000	-	-	-	4,250	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest
-1,598	20,626	14,164	11,393	33,245	10,694	31,278	-5,097	8,705	16,814	16,659	15,578	10,995	36,519	14,254	11,292	380	16,157	1,285	2,557	-14,677	21,564	20,124	9,484	-168,555	11,188	13,675	15,211	7,999	14,338	-1,317	-20,771	12,342	23,964	31,791	26,082	25,614	17,517	23,016	13,185	13,216	8,800
Income Tax Expense (Benefit)
2,795	3,379	8,966	-2,312	13,237	-1,454	6,082	-17,510	11,729	3,272	4,095	3,757	2,975	5,743	5,276	4,405	-868	5,453	1,598	2,699	764	3,941	2,226	1,617	42,253	-1,265	-5,437	434	-5,119	-2,252	-11,339	-22,980	-46	-3,015	4,653	3,500	-389	1,412	3,354	2,383	34,103	1,380
Net income before equity in net gains (losses) of equity method investments
-	17,247	5,198	13,705	-	12,148	25,196	12,413	-	13,542	12,564	11,821	-	30,776	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Equity Method Investments
0	352	168	-411	-85	17	-27	-31	-50	-204	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-4,393	17,599	5,366	13,294	19,923	12,165	25,169	12,382	-3,074	13,338	12,564	11,821	8,020	30,776	8,978	6,887	1,248	10,704	-313	-142	-15,441	17,623	17,898	7,867	-210,808	12,453	19,112	14,777	13,118	16,590	10,022	2,209	12,388	26,979	27,138	22,582	26,003	16,105	19,662	10,802	-20,887	7,420
Earnings per share:
Basic (in dollars per share)
-0.07	0.27	0.08	0.20	0.31	0.18	0.38	0.19	-0.05	0.20	0.19	0.18	0.12	0.47	0.14	0.11	0.02	0.16	0.00	0.00	-0.23	0.26	0.27	0.12	-3.12	0.18	0.28	0.22	0.20	0.25	0.15	0.03	0.19	0.41	0.41	0.35	0.41	0.26	0.32	0.18	-0.34	0.12
Diluted (in dollars per share)
-0.07	0.26	0.08	0.20	0.29	0.18	0.37	0.18	-0.06	0.20	0.19	0.18	0.12	0.46	0.14	0.11	0.01	0.16	0.00	0.00	-0.23	0.26	0.26	0.12	-3.12	0.18	0.28	0.22	0.19	0.25	0.15	0.03	0.19	0.40	0.40	0.34	0.39	0.25	0.31	0.17	-0.34	0.12
Weighted average number of shares used in computing earnings per share:
Basic (in shares)
66,041	66,387	66,519	66,105	65,527	66,014	66,063	66,324	66,312	66,194	65,763	65,839	65,716	65,549	65,299	65,144	64,878	65,117	65,920	66,713	66,762	67,162	67,208	67,300	67,523	67,792	67,614	66,956	66,371	65,996	65,587	65,282	64,856	65,440	65,547	64,552	63,506	62,493	61,933	61,420	61,030	60,493
Diluted (in shares)
66,632	67,318	67,746	67,976	68,118	68,731	68,880	68,195	67,757	67,817	67,470	67,376	66,773	66,206	65,905	65,552	65,994	65,217	65,920	66,713	67,266	67,654	67,850	67,970	67,523	68,871	69,090	68,579	67,984	67,465	67,165	67,233	66,776	67,314	68,186	67,123	66,213	64,555	63,552	63,181	61,030	61,044