Semtech Corp.
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $587.8M | $544.3M | $490.2M | $557.9M | $595.0M | $578.8M | $480.6M | $454.5M |
| Cost of Revenue | $235.9M | $219.4M | $197.1M | $229.1M | — | $264.2M | $195.0M | $186.2M |
| Gross Profit | $352.0M | $324.9M | $293.1M | $328.8M | $335.2M | $314.6M | $285.6M | $268.3M |
| Gross Margin | 59.9% | 59.7% | 59.8% | 58.9% | 56.3% | 54.4% | 59.4% | 59.0% |
| Operating Expenses | ||||||||
| Research & Development | $105.1M | $102.5M | $113.7M | $119.4M | $137.4M | $120.0M | $80.6M | $69.6M |
| SG&A Expense | $148.1M | $138.7M | $140.7M | $127.1M | $126.0M | $149.1M | $100.6M | $110.4M |
| Operating Income | $66.6M | $84.1M | $30.0M | $42.3M | $-108.9M | $15.6M | $93.6M | $78.8M |
| Operating Margin | 11.3% | 15.4% | 6.1% | 7.6% | -18.3% | 2.7% | 19.5% | 17.3% |
| Interest Expense | $7.4M | — | $7.8M | $5.9M | $18.2M | $14.4M | $0 | $0 |
| Pretax Income | $57.8M | $73.1M | $20.4M | $36.5M | $-128.5M | $249.0K | $94.2M | $79.3M |
| Income Tax Expense | $22.9M | $18.4M | $8.9M | $8.5M | $36.0M | $-41.7M | $5.1M | $6.8M |
| Net Income | $34.6M | $54.7M | $11.5M | $27.9M | $-164.5M | $41.9M | $89.1M | $72.6M |
| Net Margin | 5.9% | 10.0% | 2.3% | 5.0% | -27.6% | 7.2% | 18.5% | 16.0% |
| EPS (Basic) | $0.52 | $0.84 | $0.18 | $0.42 | $-2.44 | $0.64 | $1.37 | $1.16 |
| EPS (Diluted) | $0.51 | $0.83 | $0.17 | $0.41 | $-2.44 | $0.62 | $1.32 | $1.12 |
| Shares Outstanding (Basic) | 66.0M | 65.4M | 65.7M | 67.1M | 67.5M | 65.8M | 65.1M | 62.3M |
| Shares Outstanding (Diluted) | 67.6M | 66.1M | 66.0M | 67.7M | 67.5M | 67.5M | 67.4M | 64.5M |
| Dividends Per Share | — | — | — | — | — | — | — | — |