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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments145,722131,570182,332118,081126,505111,797
Cash and cash equivalents145,722131,570182,332118,081119,051106,815
Short-term investments     7,4544,982
Receivables94,01879,85964,58164,91760,89055,104
Inventory, net of allowances, customer advances and progress billings110,37567,59464,59954,98067,09679,903
Inventory110,37567,59464,59954,98067,09679,903
Prepaid expense     3,300600
Other undisclosed current assets29,05222,32822,33124,45226,63215,967
Total current assets:379,167301,351333,843262,430284,423263,371
Noncurrent Assets
Operating lease, right-of-use asset17,59023,81822,17823,591
Property, plant and equipment47,61438,09439,66639,23034,88340,423
Intangible assets, net (including goodwill)340,428345,140273,835274,491288,839318,822
Goodwill315,358315,358267,514267,514267,514267,514
Intangible assets, net (excluding goodwill)25,07029,7826,3216,97721,32551,308
Deferred income tax assets   577478
Other noncurrent assets13,91418,0919,96811,79615,32713,147
Other undisclosed noncurrent assets     215198
Total noncurrent assets:419,546425,143346,224349,586339,264372,590
TOTAL ASSETS:798,713726,494680,067612,016623,687635,961
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:90,50389,00866,96960,25551,76354,405
Employee-related liabilities27,96718,028 9,365 
Accounts payable42,03634,59727,53044,35031,88035,350
Accrued liabilities48,46726,44421,4115,8819,58514,524
Other undisclosed accounts payable and accrued liabilities    10,0249334,531
Debt  17,17312,76221,4748,2901,508
Deferred revenue and credits17,250
Other undisclosed current liabilities36,870  18,0909,36510,484
Total current liabilities:127,373106,18179,73199,81969,41883,647
Noncurrent Liabilities
Long-term debt and lease obligation 128,752160,008176,840146,510251,357299,667
Long-term debt, excluding current maturities 128,752140,760157,934125,072251,357299,667
Liabilities, other than long-term debt55,42548,67239,06938,02844,45534,954
Other liabilities41,80748,67239,06938,02844,45534,954
Operating lease, liability13,61819,24818,90621,438
Total noncurrent liabilities:184,177208,680215,909184,538295,812334,621
Total liabilities:311,550314,861295,640284,357365,230418,268
Equity
Equity, attributable to parent, including:487,163411,633384,427327,659258,457217,693
Common stock1,3711,3721,362   
Additional paid in capital599,300701,688770,711762,213736,274695,768
Accumulated other comprehensive loss(2,414)(1,451)(1,748)(2,603)(2,331)(1,452)
Retained earnings (accumulated deficit)(111,094)(289,976)(385,898)(433,290)(476,783)(477,862)
Other undisclosed equity, attributable to parent    1,3391,2971,239
Total equity:487,163411,633384,427327,659258,457217,693
TOTAL LIABILITIES AND EQUITY:798,713726,494680,067612,016623,687635,961

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues660,356515,327408,120404,093398,799385,961
Revenue, net385,961
Cost of revenue(208,306)(193,652)(162,814)(165,671)(179,261)(235,725)
Cost of goods and services sold(208,306)(193,652)(162,814)(165,671) (164,657)
Gross profit:452,050321,675245,306238,422219,538150,236
Operating expenses(264,683)(220,859)(192,940)(179,381)(222,658)(197,856)
Operating income (loss):187,367100,81652,36659,041(3,120)(47,620)
Nonoperating expense
(Other Nonoperating expense)
(1,109)(452)(208)(2,245)(249)(3,286)
Interest and debt expense(4,146)(2,738)(3,702)(11,731)(20,600)(18,807)
Income (loss) from continuing operations before equity method investments, income taxes:182,11297,62648,45645,065(23,969)(69,713)
Other undisclosed income from continuing operations before income taxes      
Income (loss) from continuing operations before income taxes:182,11297,62648,45645,065(23,969)(69,713)
Income tax expense(3,230)(1,704)(1,064)(1,572)(2,353)(849)
Income (loss) from continuing operations:178,88295,92247,39243,493(26,322)(70,562)
Income (loss) before gain (loss) on sale of properties:95,92247,39243,493(26,322)(70,562)
Net income (loss) available to common stockholders, diluted:178,88295,92247,39243,493(26,322)(70,562)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):178,88295,92247,39243,493(26,322)(70,562)
Other comprehensive income (loss)     (1,271)2,620
Comprehensive income (loss):178,88295,92247,39243,493(27,593)(67,942)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(963)297855(272)39284
Comprehensive income (loss), net of tax, attributable to parent:177,91996,21948,24743,221(27,201)(67,858)

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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