Lattice Semiconductor Corporation (LSCC) Financial Statements (2024 and earlier)

Company Profile

Business Address 5555 NE MOORE CT
HILLSBORO, OR 97124
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments128,317145,722131,570182,332118,081126,505
Cash and cash equivalents128,317145,722131,570182,332118,081119,051
Short-term investments      7,454
Receivables104,37394,01879,85964,58164,91760,890
Inventory, net of allowances, customer advances and progress billings98,826110,37567,59464,59954,98067,096
Inventory98,826110,37567,59464,59954,98067,096
Prepaid expense      3,300
Other undisclosed current assets36,43029,05222,32822,33124,45226,632
Total current assets:367,946379,167301,351333,843262,430284,423
Noncurrent Assets
Operating lease, right-of-use asset14,48717,59023,81822,17823,591
Property, plant and equipment49,54647,61438,09439,66639,23034,883
Intangible assets, net (including goodwill)336,332340,428345,140273,835274,491288,839
Goodwill315,358315,358315,358267,514267,514267,514
Intangible assets, net (excluding goodwill)20,97425,07029,7826,3216,97721,325
Deferred income tax assets57,762  577478
Other noncurrent assets14,82113,91418,0919,96811,79615,327
Other undisclosed noncurrent assets      215
Total noncurrent assets:472,948419,546425,143346,224349,586339,264
TOTAL ASSETS:840,894798,713726,494680,067612,016623,687
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:70,53590,50389,00866,96960,25551,763
Employee-related liabilities27,96718,028 9,365
Accounts payable34,48742,03634,59727,53044,35031,880
Accrued liabilities36,04848,46726,44421,4115,8819,585
Other undisclosed accounts payable and accrued liabilities     10,024933
Debt   17,17312,76221,4748,290
Other undisclosed current liabilities26,86536,870  18,0909,365
Total current liabilities:97,400127,373106,18179,73199,81969,418
Noncurrent Liabilities
Long-term debt and lease obligation  128,752160,008176,840146,510251,357
Long-term debt, excluding current maturities  128,752140,760157,934125,072251,357
Liabilities, other than long-term debt51,47455,42548,67239,06938,02844,455
Other liabilities40,73541,80748,67239,06938,02844,455
Operating lease, liability10,73913,61819,24818,90621,438
Total noncurrent liabilities:51,474184,177208,680215,909184,538295,812
Total liabilities:148,874311,550314,861295,640284,357365,230
Equity
Equity, attributable to parent, including:692,020487,163411,633384,427327,659258,457
Common stock1,3731,3711,3721,362  
Additional paid in capital545,586599,300701,688770,711762,213736,274
Accumulated other comprehensive loss(2,906)(2,414)(1,451)(1,748)(2,603)(2,331)
Retained earnings (accumulated deficit)147,967(111,094)(289,976)(385,898)(433,290)(476,783)
Other undisclosed equity, attributable to parent     1,3391,297
Total equity:692,020487,163411,633384,427327,659258,457
TOTAL LIABILITIES AND EQUITY:840,894798,713726,494680,067612,016623,687

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues737,154660,356515,327408,120404,093398,799
Cost of revenue(222,484)(208,306)(193,652)(162,814)(165,671)(179,261)
Cost of goods and services sold(222,484)(208,306)(193,652)(162,814)(165,671) 
Gross profit:514,670452,050321,675245,306238,422219,538
Operating expenses(302,400)(264,683)(220,859)(192,940)(179,381)(222,658)
Operating income (loss):212,270187,367100,81652,36659,041(3,120)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
545(1,109)(452)(208)(2,245)(249)
Interest and debt expense(2,967)(4,146)(2,738)(3,702)(11,731)(20,600)
Income (loss) from continuing operations before equity method investments, income taxes:209,848182,11297,62648,45645,065(23,969)
Other undisclosed income from continuing operations before income taxes5,008     
Income (loss) from continuing operations before income taxes:214,856182,11297,62648,45645,065(23,969)
Income tax expense (benefit)44,205(3,230)(1,704)(1,064)(1,572)(2,353)
Income (loss) from continuing operations:259,061178,88295,92247,39243,493(26,322)
Income (loss) before gain (loss) on sale of properties:95,92247,39243,493(26,322)
Net income (loss) available to common stockholders, diluted:259,061178,88295,92247,39243,493(26,322)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):259,061178,88295,92247,39243,493(26,322)
Other comprehensive loss      (1,271)
Comprehensive income (loss):259,061178,88295,92247,39243,493(27,593)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(492)(963)297855(272)392
Comprehensive income (loss), net of tax, attributable to parent:258,569177,91996,21948,24743,221(27,201)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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