MACOM Technology Solutions Holdings, Inc. (MTSI) Financial Statements (2024 and earlier)

Company Profile

Business Address 100 CHELMSFORD STREET
LOWELL, MA 01851
State of Incorp. DE
Fiscal Year End September 30
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
12/31/2022
MRQ
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments594,732586,532344,902333,152176,745192,897
Cash and cash equivalents126,155119,952156,537129,44175,51994,676
Short-term investments468,577466,580188,365203,711101,22698,221
Receivables112,039101,55184,57047,12486,451114,976
Inventory, net of allowances, customer advances and progress billings121,335114,96082,69991,584107,880122,837
Inventory121,335114,96082,69991,584107,880122,837
Disposal group, including discontinued operation      4,840
Other undisclosed current assets19,52710,0409,3659,65927,50623,311
Total current assets:847,633813,083521,536481,519398,582458,861
Noncurrent Assets
Property, plant and equipment118,945123,701120,526118,866132,647149,923
Intangible assets, net (including goodwill), including:356,593362,671398,925445,910428,952773,307
Goodwill312,152311,417314,240315,012314,727314,076
Intangible assets, net (excluding goodwill)44,44151,25484,685130,898181,228512,785
Other undisclosed intangible assets, net (including goodwill)     (67,003)(53,554)
Deferred income tax assets229,253237,41539,51641,935 
Other noncurrent assets35,28832,44738,30040,45310,96513,484
Other undisclosed noncurrent assets  2,50015,34217,745134,42886,920
Total noncurrent assets:740,079758,734612,609664,909706,9921,023,634
TOTAL ASSETS:1,587,7121,571,8171,134,1451,146,4281,105,5741,482,495
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities92,75096,20892,08686,69764,73091,896
Accounts payable35,64730,73328,71223,04324,82241,951
Accrued liabilities57,10365,47563,37463,65439,90849,945
Debt1,0341,0069588,2537,9697,352
Deferred revenue and credits7,757
Other undisclosed current liabilities     2,137 
Total current liabilities:93,78497,21493,04494,95074,836107,005
Noncurrent Liabilities
Long-term debt and lease obligation593,093592,952520,134652,172684,778687,395
Long-term debt, excluding current maturities566,332565,920492,097652,172655,272658,372
Capital lease obligations29,50629,023
Finance lease, liability26,76127,03228,037  
Liabilities, other than long-term debt28,79129,35940,51144,85427,5685,902
Contract with customer, liability8,500 
Other liabilities28,79129,35940,51144,85419,0685,902
Other undisclosed noncurrent liabilities9,5009,5448,72054,3064,49613,518
Total noncurrent liabilities:631,384631,855569,365751,332716,842706,815
Total liabilities:725,168729,069662,409846,282791,678813,820
Equity
Equity, attributable to parent862,544842,748471,736300,146313,896668,675
Common stock717069676665
Treasury stock, value(330)(330)(330)(330)(330)(330)
Additional paid in capital1,190,1371,203,1451,269,6011,135,1271,101,5761,074,728
Accumulated other comprehensive income (loss)(2,567)(5,851)4,1505,0094,3582,188
Accumulated deficit(324,767)(354,286)(801,754)(839,727)(791,774)(407,976)
Total equity:862,544842,748471,736300,146313,896668,675
TOTAL LIABILITIES AND EQUITY:1,587,7121,571,8171,134,1451,146,4281,105,5741,482,495

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

9/30/2023
12/31/2022
TTM
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Revenues695,653675,170606,920530,037499,708570,398
Revenue, net570,398
Cost of revenue
(Cost of Goods and Services Sold)
(273,260)(268,989)(265,065)(259,871)(279,000)(324,692)
Gross profit:422,393406,181341,855270,166220,708245,706
Operating expenses(278,205)(273,507)(260,853)(266,778)(601,084)(352,226)
Operating income (loss):144,188132,67481,0023,388(380,376)(106,520)
Nonoperating income (expense)(2,221)110,446(38,057)(44,950)(42,777)(48,715)
Other nonoperating income (expense)(217)114,746(6,334)(4,622)(7,739)(45,023)
Interest and debt expense(2,606)(4,300)(4,400)(27,380)(35,803)(31,338)
Income (loss) from continuing operations before equity method investments, income taxes:139,361238,82038,545(68,942)(458,956)(186,573)
Other undisclosed income from continuing operations before income taxes2,6064,3004,40027,38035,80331,338
Income (loss) from continuing operations before income taxes:141,967243,12042,945(41,562)(423,153)(155,235)
Income tax expense (benefit)188,680196,835(4,972)(4,516)39,35521,473
Income (loss) from continuing operations:330,647439,95537,973(46,078)(383,798)(133,762)
Income (loss) before gain (loss) on sale of properties:301,128439,95537,973(46,078)(383,798)(139,977)
Loss from discontinued operations      (6,215)
Net income (loss) attributable to parent:330,647439,95537,973(46,078)(383,798)(139,977)
Other undisclosed net loss available to common stockholders, basic      (27,646)
Net income (loss) available to common stockholders, diluted:330,647439,95537,973(46,078)(383,798)(167,623)

Comprehensive Income ($ in thousands)

9/30/2023
12/31/2022
TTM
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Net income (loss):330,647439,95537,973(46,078)(383,798)(139,977)
Other comprehensive income (loss)(5,776)(10,001)(859)6512,170(789)
Comprehensive income (loss), net of tax, attributable to parent:324,871429,95437,114(45,427)(381,628)(140,766)

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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