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)

1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments269293312308297212230
Cash and cash equivalents269293312308297212230
Receivables70627953514469
Inventory, net of allowances, customer advances and progress billings87736471666474
Inventory87736471666474
Prepaid expense2211812652
Other current assets26222217181619
Other undisclosed current assets      2
Total current assets:475461485461438341397
Noncurrent Assets
Property, plant and equipment131124118125109101115
Long-term investments and receivables  3    
Long-term investments  3    
Intangible assets, net (including goodwill)363371388402391418382
Goodwill351351351342330330280
Intangible assets, net (excluding goodwill)122037606288102
Deferred income tax assets2520
Other noncurrent assets88765794674435
Other undisclosed noncurrent assets  124570
Total noncurrent assets:607592578625573570533
TOTAL ASSETS:1,0821,0521,0631,0861,012912929
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities11099108989677109
Accounts payable50484337423532
Accrued liabilities59516561554150
Employee-related liabilities      21
Taxes payable      6
Interest and dividends payable      0
Debt  1815141919
Deferred compensation liability      1
Deferred revenue and credits131296
Deferred tax liabilities    1
Contract with customer, liability3
Other undisclosed current liabilities      (27)
Total current liabilities:11099130126123104108
Noncurrent Liabilities
Long-term debt and lease obligation179195193211227239235
Long-term debt, excluding current maturities179195193211227239235
Liabilities, other than long-term debt94785783574035
Deferred tax liabilities, net315772
Deferred income tax liabilities1 
Other liabilities93785469503433
Other undisclosed noncurrent liabilities 4     
Total noncurrent liabilities:274277250295283280270
Total liabilities:383375380421406383378
Stockholders' equity
Stockholders' equity attributable to parent699677683665605528551
Common stock1111111
Treasury stock, value(439)(388)(346)(252)(253)(266)(223)
Additional paid in capital474459457415391380372
Accumulated other comprehensive income (loss)(8)(6)(4)(1)(1)10
Retained earnings671612575502468413402
Stockholders' equity attributable to noncontrolling interest00     
Total stockholders' equity:699677683665605528551
TOTAL LIABILITIES AND EQUITY:1,0821,0521,0631,0861,012912929

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

1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
Revenues595548627588544490558
Revenue, net588544490558
Cost of revenue
(Cost of Goods and Services Sold)
(232)(211)(250)(236)(219)  
Other undisclosed gross profit     (197)(229)
Gross profit:364337377352325293329
Operating expenses(289)(285)(279)(283)(241)(263)(287)
Operating income:75529869843042
Nonoperating income (expense)034(1)(2)(2)1
Foreign currency transaction gain, before tax      1
Other nonoperating income (expense)034(1)(2)(2)0
Interest and debt expense(5)(9)   (8)(6)
Other undisclosed loss from continuing operations before equity method investments, income taxes(7)(1)(39)(8)(9) (1)
Income from continuing operations before equity method investments, income taxes:63456360732036
Income (loss) from equity method investments00(0)(0)   
Income from continuing operations before income taxes:63456360732036
Income tax expense (benefit)(3)(13)0(23)(18)(9)(9)
Net income:60326336551128
Net income attributable to noncontrolling interest00     
Net income available to common stockholders, diluted:60326336551128

Comprehensive Income ($ in millions)

1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
Net income:60326336551128
Other comprehensive income (loss)(2)(3)(2)0(2)0(0)
Comprehensive income:58296137531228
Comprehensive income, net of tax, attributable to noncontrolling interest00     
Other undisclosed comprehensive loss, net of tax, attributable to parent     (11)(28)
Comprehensive income (loss), net of tax, attributable to parent:58296137530(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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