Semtech Corporation (SMTC) Financial Statements (2024 and earlier)

Company Profile

Business Address 200 FLYNN ROAD
CAMARILLO, CA 93012-8790
State of Incorp. DE
Fiscal Year End January 31
Industry (SIC) 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

1/31/2024
1/31/2023
1/31/2022
1/31/2021
1/31/2020
1/31/2019
1/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments235,510279,601268,891293,324312,120307,923
Cash and cash equivalents235,510279,601268,891293,324312,120307,923
Receivables161,69571,50770,43361,92779,22353,183
Inventory, net of allowances, customer advances and progress billings207,704114,00387,49473,01063,67971,067
Inventory207,704114,00387,49473,01063,67971,067
Prepaid expense6,2435,98322,08310,7188,40611,809
Other current assets111,63431,20125,82721,75721,87617,250
Total current assets:722,786502,295474,728460,736485,304461,232
Noncurrent Assets
Property, plant and equipment169,293134,940130,934124,418118,488124,586
Long-term investments and receivables     2,700 
Long-term investments     2,700 
Intangible assets, net (including goodwill)1,496,805357,945362,887371,153387,699402,104
Goodwill1,281,703351,141351,141351,141351,141341,897
Intangible assets, net (excluding goodwill)215,1026,80411,74620,01236,55860,207
Deferred income tax assets63,78327,80325,48320,094
Other noncurrent assets116,961107,92888,07076,03257,02893,618
Other undisclosed noncurrent assets     11,6624,236
Total noncurrent assets:1,846,842628,616607,374591,697577,577624,544
TOTAL ASSETS:2,569,6281,130,9111,082,1021,052,4331,062,8811,085,776
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities353,751128,399109,57398,641108,20698,040
Accounts payable100,67650,69550,18948,00943,18337,208
Accrued liabilities253,07577,70459,38450,63265,02360,832
Debt     18,26915,410
Deferred revenue and credits12,758
Contract with customer, liability3,439
Other undisclosed current liabilities 43,104     
Total current liabilities:396,855128,399109,57398,641129,914126,208
Noncurrent Liabilities
Long-term debt and lease obligation1,296,966171,676179,195194,743192,845211,114
Long-term debt, excluding current maturities1,296,966171,676179,195194,743192,845211,114
Liabilities, other than long-term debt119,77293,06194,38178,24957,44183,441
Deferred tax liabilities, net3,36314,682
Deferred income tax liabilities5,0651,132976 
Other liabilities114,70791,92993,40578,24954,07868,759
Other undisclosed noncurrent liabilities    3,600  
Total noncurrent liabilities:1,416,738264,737273,576276,592250,286294,555
Total liabilities:1,813,593393,136383,149375,233380,200420,763
Equity
Equity, attributable to parent755,852737,584698,743676,954682,681665,013
Common stock785785785785785785
Treasury stock, value(577,907)(549,942)(438,798)(387,851)(346,218)(251,974)
Additional paid in capital471,374491,956473,728458,579456,791415,056
Accumulated other comprehensive income (loss)3,360(2,075)(8,168)(6,166)(3,607)(1,200)
Retained earnings (accumulated deficit)858,240796,860671,196611,607574,930502,346
Equity, attributable to noncontrolling interest183191210246  
Total equity:756,035737,775698,953677,200682,681665,013
TOTAL LIABILITIES AND EQUITY:2,569,6281,130,9111,082,1021,052,4331,062,8811,085,776

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

1/31/2024
1/31/2023
1/31/2022
1/31/2021
1/31/2020
1/31/2019
1/31/2018
Revenues756,533740,858595,117547,512627,196587,847
Revenue, net587,847
Cost of revenue
(Cost of Goods and Services Sold)
(277,975)(274,777)(231,568)(210,828)(250,174)(235,876)
Gross profit:478,558466,081363,549336,684377,022351,971
Operating expenses(385,759)(321,064)(288,593)(284,675)(278,545)(283,235)
Operating income (loss):92,799145,01774,95652,00998,47768,736
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(1,331)4801242,8933,823(902)
Interest and debt expense(17,646)(4,610)(4,854)(9,106)  
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes4,645(1,818)(7,251)(1,211)(39,202)(7,963)
Income (loss) from continuing operations before equity method investments, income taxes:78,467139,06962,97544,58563,09859,871
Income (loss) from equity method investments2492,115329109(126)(254)
Income (loss) from continuing operations before income taxes:78,716141,18463,30444,69462,97259,617
Income tax expense (benefit)(17,344)(15,539)(3,437)(12,828)84(23,191)
Income (loss) from continuing operations:61,372125,64559,86731,86663,05636,426
Income before gain (loss) on sale of properties:125,64559,86731,86663,05636,426
Net income (loss):61,372125,64559,86731,86663,05636,426
Net income (loss) attributable to noncontrolling interest819365  
Net income (loss) available to common stockholders, diluted:61,380125,66459,90331,87163,05636,426

Comprehensive Income ($ in thousands)

1/31/2024
1/31/2023
1/31/2022
1/31/2021
1/31/2020
1/31/2019
1/31/2018
Net income (loss):61,372125,64559,86731,86663,05636,426
Other comprehensive income (loss)5,4356,093(2,002)(2,559)(2,407)94
Comprehensive income (loss):66,807131,73857,86529,30760,64936,520
Comprehensive income (loss), net of tax, attributable to noncontrolling interest819365  
Comprehensive income (loss), net of tax, attributable to parent:66,815131,75757,90129,31260,64936,520

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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