SEMTECH CORP SMTC Income Statement

Semtech corp (SMTC)

Income statement / TTM

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
547,512	569,517	602,056	628,121	627,196	607,804	584,558	574,474	587,847	587,264	574,145	556,929	544,272	522,850	501,475	491,276	490,219	502,004	535,084	555,114	557,885	554,025	546,161	565,429	594,977	619,046	638,898	624,592	578,827	532,256	495,322	474,872	480,601	492,839	492,020	474,993	454,502	413,379	356,571	0	0	0
Cost of sales
210,828	218,243	230,468	241,293	250,174	244,248	238,145	235,949	235,876	237,196	232,431	225,676	219,410	211,936	202,042	198,042	197,109	205,283	218,621	226,006	229,093	229,542	227,593	234,374	244,719	249,683	256,153	268,030	264,215	245,937	232,389	207,744	194,956	196,852	195,619	189,880	186,196	173,708	154,569	0	0	0
Cost of sales - lower of cost or market write-down
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-
Gross Profit
336,684	351,274	371,588	386,828	377,022	363,556	346,413	338,525	351,971	350,068	341,714	331,253	324,862	310,914	299,433	293,234	293,110	296,721	316,463	329,108	328,792	309,436	303,521	316,008	335,211	369,363	382,745	356,562	314,612	286,319	262,933	267,128	285,645	295,987	296,401	285,113	268,306	239,671	202,002	0	0	0
Operating costs and expenses:
Selling, general and administrative
163,106	142,771	148,563	142,217	145,246	152,848	149,829	155,537	148,146	146,873	145,421	139,008	138,708	140,274	135,905	136,879	140,677	134,029	135,202	132,951	127,134	121,584	120,513	122,281	125,379	136,344	141,141	139,046	149,070	138,017	127,481	118,742	100,629	97,933	108,324	110,758	110,404	105,288	86,528	0	0	0
Product development and engineering
107,368	106,944	107,421	109,947	109,047	105,449	105,933	105,286	105,070	106,449	104,418	103,311	102,500	106,062	107,317	109,231	113,737	119,756	121,302	121,236	119,371	122,192	125,739	130,691	137,437	129,591	130,997	130,485	120,009	109,385	96,520	86,135	80,577	79,759	77,670	72,846	69,624	61,574	53,765	0	0	0
Intangible amortization
16,546	19,549	22,259	24,831	26,649	27,374	28,347	28,542	27,867	26,698	25,531	25,184	25,301	25,428	25,450	25,299	25,059	25,074	25,189	25,456	25,718	25,878	26,804	27,571	0	0	0	-	29,244	0	0	0	-	-	-	-	-	-	-	-	0	0
Loss (gain) on disposition of business operations
-	-	-	-	-	-	-	-	-375	102	25,138	25,138	25,513	25,036	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangible asset impairments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	700	0	0	0	-	-	-	-	-	-	-	-	-	-
Goodwill impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-
Changes in the fair value of contingent earn-out obligations
-2,345	-2,313	-10,680	-11,580	-9,419	-9,231	-712	0	-	0	0	-	-215	-3,230	-17,416	-16,557	-16,362	-13,522	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangible amortization and impairments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	10,853	11,082	8,915	9,217	9,520	0	0	0	-	-
Restructuring charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	-	1,285	4,087	4,087	4,087	3,086	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-
Total operating costs and expenses
284,675	266,951	267,563	265,415	271,523	279,956	287,101	293,257	285,350	280,053	250,179	242,183	240,781	238,972	247,692	254,852	263,111	283,630	299,460	293,116	286,535	420,137	423,767	433,854	444,128	299,128	306,194	301,753	299,023	271,244	244,204	219,206	192,059	188,774	194,909	192,821	189,548	174,381	145,708	0	0	0
Operating Income (Loss)
52,009	84,323	104,025	121,413	105,499	83,600	59,312	45,268	66,621	70,015	91,535	89,070	84,081	71,942	51,741	38,382	29,999	13,091	17,003	35,992	42,257	-110,701	-120,246	-117,846	-108,917	70,235	76,551	54,809	15,589	15,075	18,729	47,922	93,586	107,213	101,492	92,292	78,758	65,290	56,294	0	0	0
Interest Income (Expense), Nonoperating, Net
-9,106	-9,704	-9,876	-9,479	-9,202	-8,601	-8,278	-8,107	-7,963	-13,410	-13,268	-13,276	-9,300	-15,514	-11,660	-7,723	-7,819	-4,666	-5,168	-5,480	-5,927	6,149	6,505	15,501	0	0	0	-	14,363	10,209	6,037	1,843	0	0	0	0	-	-	-	-	-	-
Interest and amortization of debt discount and expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Nonoperating Income (Expense)
2,893	4,809	5,347	4,676	3,823	581	4,916	4,170	3,348	3,831	-2,376	-2,308	-1,721	-1,519	-1,606	-1,353	-1,801	-581	412	-50	165	-533	-1,008	-861	-1,390	-1,546	-2,358	-1,998	-977	-274	1,526	1,247	593	238	-488	-63	574	1,644	1,923	0	0	0
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net
-	0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest
44,585	79,428	69,496	86,610	70,120	45,580	51,700	37,081	57,756	60,046	79,751	77,346	73,060	62,445	42,083	29,114	20,379	5,322	10,729	29,568	36,495	-117,383	-127,759	-134,208	-128,481	48,073	51,223	36,231	249	4,592	14,218	47,326	94,179	107,451	101,004	92,229	79,332	66,934	58,217	0	0	0
Income Tax Expense (Benefit)
12,828	23,270	18,437	15,553	355	-1,153	3,573	1,586	22,853	14,099	16,570	17,751	18,399	14,556	14,266	10,588	8,882	10,514	9,002	9,630	8,548	50,037	44,831	37,168	35,985	-11,387	-12,374	-18,276	-41,690	-36,617	-37,380	-21,388	5,092	4,749	9,176	7,877	6,760	41,252	41,220	0	0	0
Net income before equity in net gains (losses) of equity method investments
-	0	0	0	-	0	0	0	-	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Equity Method Investments
109	24	-311	-506	-126	-91	-312	-285	-254	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
31,866	56,182	50,748	70,551	69,639	46,642	47,815	35,210	34,649	45,743	63,181	59,595	54,661	47,889	27,817	18,526	11,497	-5,192	1,727	19,938	27,947	-167,420	-172,590	-171,376	-164,466	59,460	63,597	54,507	41,939	41,209	51,598	68,714	89,087	102,702	91,828	84,352	72,572	25,682	16,997	0	0	0
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