Lattice Semiconductor Corporation (LSCC) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments131,570182,332118,081126,505111,797116,860102,574
Cash and cash equivalents131,570182,332118,081119,051106,815106,55284,606
Short-term investments   7,4544,98210,30817,968
Receivables79,85964,58164,91760,89055,10499,63788,471
Inventory, net of allowances, customer advances and progress billings67,59464,59954,98067,09679,90379,16875,896
Inventory67,59464,59954,98067,09679,90379,16875,896
Prepaid expense   3,300600  
Other undisclosed current assets22,32822,33124,45226,63215,96719,03518,922
Total current assets:301,351333,843262,430284,423263,371314,700285,863
Noncurrent Assets
Operating lease, right-of-use asset23,81822,17823,591
Property, plant and equipment38,09439,66639,23034,88340,42349,48151,852
Intangible assets, net (including goodwill)345,140273,835274,491288,839318,822388,621430,132
Goodwill315,358267,514267,514267,514267,514269,758267,549
Intangible assets, net (excluding goodwill)29,7826,3216,97721,32551,308118,863162,583
Deferred income tax assets 577478
Other noncurrent assets18,0919,96811,79615,32713,14713,70917,495
Other undisclosed noncurrent assets   215198372578
Total noncurrent assets:425,143346,224349,586339,264372,590452,183500,057
TOTAL ASSETS:726,494680,067612,016623,687635,961766,883785,920
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:89,00866,96960,25551,76354,40580,93374,298
Accounts payable34,59727,53044,35031,88035,35037,800 
Accrued liabilities26,44421,4115,8819,58514,52443,133 
Employee-related liabilities27,96718,028 9,365  9,463
Other undisclosed accounts payable and accrued liabilities  10,0249334,531 64,835
Debt17,17312,76221,4748,2901,50833,7677,557
Deferred revenue and credits17,25032,25717,866
Other undisclosed current liabilities  18,0909,36510,48410,59311,456
Total current liabilities:106,18179,73199,81969,41883,647157,550111,177
Noncurrent Liabilities
Long-term debt and lease obligation160,008176,840146,510251,357299,667300,855330,870
Long-term debt, excluding current maturities140,760157,934125,072251,357299,667300,855330,870
Operating lease, liability19,24818,90621,438
Liabilities, other than long-term debt48,67239,06938,02844,45534,95438,04838,353
Other liabilities48,67239,06938,02844,45534,95438,04838,353
Total noncurrent liabilities:208,680215,909184,538295,812334,621338,903369,223
Total liabilities:314,861295,640284,357365,230418,268496,453480,400
Stockholders' equity
Stockholders' equity attributable to parent, including:411,633384,427327,659258,457217,693270,430305,520
Common stock1,3721,362     
Additional paid in capital701,688770,711762,213736,274695,768680,315660,089
Accumulated other comprehensive loss(1,451)(1,748)(2,603)(2,331)(1,452)(4,156)(2,910)
Accumulated deficit(289,976)(385,898)(433,290)(476,783)(477,862)(406,945)(352,846)
Other undisclosed stockholders' equity attributable to parent  1,3391,2971,2391,2161,187
Total stockholders' equity:411,633384,427327,659258,457217,693270,430305,520
TOTAL LIABILITIES AND EQUITY:726,494680,067612,016623,687635,961766,883785,920

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues515,327408,120404,093398,799385,961427,054405,966
Revenue, net385,961427,054405,966
Cost of revenue(193,652)(162,814)(165,671)(179,261)(235,725)(237,633)(208,507)
Cost of goods and services sold(193,652)(162,814)(165,671) (164,657)(179,983)(184,914)
Gross profit:321,675245,306238,422219,538150,236189,421197,459
Operating expenses(220,859)(192,940)(179,381)(222,658)(197,856)(216,120)(304,691)
Operating income (loss):100,81652,36659,041(3,120)(47,620)(26,699)(107,232)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(452)(208)(2,245)(249)(3,286)4,303(832)
Interest and debt expense(2,738)(3,702)(11,731)(20,600)(18,807)(20,327)(18,389)
Income (loss) from continuing operations before equity method investments, income taxes:97,62648,45645,065(23,969)(69,713)(42,723)(126,453)
Loss from equity method investments     (1,459)(492)
Income (loss) from continuing operations before income taxes:97,62648,45645,065(23,969)(69,713)(44,182)(126,945)
Income tax expense(1,704)(1,064)(1,572)(2,353)(849)(9,917)(32,540)
Net income (loss):95,92247,39243,493(26,322)(70,562)(54,099)(159,485)
Net income attributable to noncontrolling interest      252
Net income (loss) available to common stockholders, diluted:95,92247,39243,493(26,322)(70,562)(54,099)(159,233)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):95,92247,39243,493(26,322)(70,562)(54,099)(159,485)
Other comprehensive income (loss)   (1,271)2,620(1,303)(1,243)
Other undisclosed comprehensive income     57217
Comprehensive income (loss):95,92247,39243,493(27,593)(67,942)(55,345)(160,511)
Comprehensive income, net of tax, attributable to noncontrolling interest      252
Other undisclosed comprehensive income (loss), net of tax, attributable to parent297855(272)39284  
Comprehensive income (loss), net of tax, attributable to parent:96,21948,24743,221(27,201)(67,858)(55,345)(160,259)

Statements sources

The financial statements are based on the company's filings with the 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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