Semtech Corporation (SMTC) financial statements (2021 and earlier)

Company profile

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

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

1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
1/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments293312308297212230243
Cash and cash equivalents293312308297212230243
Receivables62795351446966
Inventory, net of allowances, customer advances and progress billings73647166647460
Inventory73647166647460
Prepaid expense11812652 
Deferred costs      2
Prepaid expense and other current assets21
Other current assets222217181619 
Other undisclosed current assets     21
Total current assets:461485461438341397394
Noncurrent Assets
Property, plant and equipment124118125109101115110
Long-term investments and receivables 3    9
Long-term investments 3    9
Intangible assets, net (including goodwill)371388402391418382418
Goodwill351351342330330280277
Intangible assets, net (excluding goodwill)2037606288102141
Deferred income tax assets20
Other noncurrent assets765794674435 
Prepaid expense and other noncurrent assets23
Other undisclosed noncurrent assets 124570(5)
Total noncurrent assets:592578625573570533555
TOTAL ASSETS:1,0521,0631,0861,012912929949
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9910898967710948
Accounts payable484337423532 
Accrued liabilities51656155415044
Employee-related liabilities     21 
Taxes payable     64
Interest and dividends payable     0 
Debt 181514191919
Deferred compensation liability     11
Deferred revenue and credits1312967
Deferred tax liabilities    11
Contract with customer, liability3
Other undisclosed current liabilities     (27)35
Total current liabilities:99130126123104108111
Noncurrent Liabilities
Long-term debt and lease obligation195193211227239235273
Long-term debt, excluding current maturities195193211227239235273
Liabilities, other than long-term debt78578357403529
Deferred tax liabilities, net3157724
Other liabilities78546950343325
Other undisclosed noncurrent liabilities4      
Total noncurrent liabilities:277250295283280270302
Total liabilities:375380421406383378413
Stockholders' equity
Stockholders' equity attributable to parent677683665605528551536
Common stock1111111
Treasury stock, value(388)(346)(252)(253)(266)(223)(201)
Additional paid in capital459457415391380372362
Accumulated other comprehensive income (loss)(6)(4)(1)(1)100
Retained earnings612575502468413402374
Stockholders' equity attributable to noncontrolling interest0      
Total stockholders' equity:677683665605528551536
TOTAL LIABILITIES AND EQUITY:1,0521,0631,0861,012912929949

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

1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
1/31/2014
Revenues548627588544490558595
Revenue, net588544490558595
Cost of revenue
(Cost of Goods and Services Sold)
(211)(250)(236)(219)  (15)
Other undisclosed gross profit    (197)(229)(245)
Gross profit:337377352325293329335
Operating expenses(285)(279)(283)(241)(263)(287)(444)
Operating income (loss):529869843042(109)
Nonoperating income (expense)34(1)(2)(2)1(0)
Investment income, nonoperating     00
Foreign currency transaction gain (loss), before tax     1(1)
Other nonoperating income (expense)34(1)(2)(2)0(1)
Interest and debt expense(9)   (8)(6)(25)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(1)(39)(8)(9) (1)6
Income (loss) from continuing operations before equity method investments, income taxes:456360732036(128)
Income (loss) from equity method investments0(0)(0)    
Income (loss) from continuing operations before income taxes:456360732036(128)
Income tax expense (benefit)(13)0(23)(18)(9)(9)(36)
Net income (loss):326336551128(164)
Net income attributable to noncontrolling interest0      
Net income (loss) available to common stockholders, diluted:326336551128(164)

Comprehensive Income ($ in millions)

1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
1/31/2014
Net income (loss):326336551128(164)
Other comprehensive income (loss)(3)(2)0(2)0(0)(0)
Comprehensive income (loss):296137531228(165)
Comprehensive income, net of tax, attributable to noncontrolling interest0      
Other undisclosed comprehensive income (loss), net of tax, attributable to parent    (11)(28)164
Comprehensive income (loss), net of tax, attributable to parent:296137530(0)(0)

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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