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LSCC Price Correlated With Financials For Lattice Semiconductor

Free historical financial statements for Lattice Semiconductor Corp. See how revenue, income, cash flow, and balance sheet financials have changed over 43 quarters since 2012. Compare with LSCC stock chart to see long term trends.

LSCC Stock Compared to Quarterly

LSCC Income Statement

Revenue, Net:172509000
Revenue Per Share:1.2567
Cost of Goods & Services Sold:null
Selling, General & Admin Expense:null
Research & Development Expense:null
Total Operating Expenses:null
Operating Income:null
Income Taxes:400000
Net Income:46359000
Earnings Per Share, Basic:0.34
Shares Outstanding, Basic Avg:137267000

LSCC Cash Flow

Operating Activities Net Income:
Change in Accounts Receiveable:7066000
Net Cash from Operations:63907000
Net Cash from Operations Per Share:0.4656
Repurchases/Buybacks Common Stock:39976000
Net Cash from Financing Activities:-54919000
Property, Plant & Equipment Purchases:4163000
Net Cash from Investing Activities:-7117000
Net Change in Cash & Equivalents:884000

LSCC Balance Sheet

Cash and Cash Equivalents:118766000
Accounts Receivable, Net:100446000
Total Current Assets:340308000
Property, Plant & Equipment, Net:45217000
Total Assets:758945000
Accounts Payable:43635000
Current Portion of Long-Term Debt:0
Total Short-Term Liabilities:110278000
Long Term Debt, Non-Current Portion:148685000
Total Liabilities:317214000

Major Holders (from 13F filings)

Investment Type
Value (x$1000)
increase or decrease
Blackrock Inc.
17,662,129 sh
559,530 sh
Vanguard Group Inc
13,796,609 sh
451,263 sh
Artisan Partners Limited Partnership
9,941,581 sh
243,980 sh
Neuberger Berman Group LLC
6,493,186 sh
-299,600 sh
Invesco Ltd.
4,487,488 sh
-42,001 sh
State Street Corp
4,265,437 sh
104,418 sh
Alliancebernstein L.P.
3,428,634 sh
-615,510 sh
2,717,358 sh
708,603 sh
Polar Capital Holdings Plc
2,557,602 sh
-497,797 sh
Geode Capital Management, LLC
2,195,747 sh
50,678 sh
Citadel Advisors LLC
2,055,304 sh
1,971,204 sh
Goldman Sachs Group Inc
2,010,483 sh
191,317 sh
Franklin Resources Inc
1,790,519 sh
116,834 sh
Clearbridge Investments, LLC
1,741,081 sh
8,871 sh
Robecosam Ag
1,731,000 sh
200,000 sh
Dimensional Fund Advisors LP
1,720,413 sh
-28,541 sh
Price T Rowe Associates Inc /Md/
1,579,486 sh
-10,330,018 sh
Macquarie Group Ltd
1,383,140 sh
-348,471 sh
Bank Of New York Mellon Corp
1,346,975 sh
31,012 sh
Charles Schwab Investment Management Inc
1,274,371 sh
48,607 sh
Note 1 - Basis of Presentation and Significant Accounting Policies

Basis of Presentation and Use of Estimates

The accompanying Consolidated Financial Statements have been prepared in accordance with U.S. Generally Accepted Accounting Principles ("U.S. GAAP") and pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC"). They include the accounts of Lattice and its subsidiaries after the elimination of all intercompany balances and transactions.

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and judgments affecting the amounts reported in our consolidated financial statements and the accompanying notes. We base our estimates and judgments on historical experience, knowledge of current conditions, and our beliefs of what could occur in the future considering available information. While we believe that our estimates, assumptions, and judgments are reasonable, they are based on information available when made, and because of the uncertainty inherent in these matters, the actual results that we experience may differ materially from these estimates under different assumptions or conditions. We evaluate our estimates and judgments on an ongoing basis.

Certain prior year balances have been reclassified to conform to the current year’s presentation.

Fiscal Reporting Periods

We report based on a 52 or 53 -week fiscal year ending on the Saturday closest to December 31. Our fiscal 2021 was a 52 -week year that ended on January 1, 2022. Our fiscal 2020 was a 53 -week year that ended on January 2, 2021, and our fiscal 2019 was a 52 -week year that ended on December 28, 2019. All references to quarterly or annual financial results are references to the results for the relevant fiscal period.

Concentrations of Risk

Potential exposure to concentrations of risk may impact revenue, accounts receivable, a nd supply of wafers for our new products.

Distributors have historically accounted for a significant portion of our total revenue. Our two largest distributor groups, the Weikeng Group ("Weikeng") and Arrow Electronics, Inc. ("Arrow"), each account for more than 10% of our total revenue and our net accounts receivable. Revenue attributable to distributors as a percentage of total revenue is presented in the following table:

Year Ended
January 1, January 2, December 28,
2022 2021 2019
Weikeng Group 37 % 35 % 30 %
Arrow Electronics Inc. 27 25 25
Other distributors 23 23 27
Revenue attributable to distributors 87 % 83 % 82 %

At January 1, 2022 and January 2, 2021, Weikeng accounted for 59% and 47%, respectively, and Arrow accounted for 28% and 45%, respectively, of net accounts receivable.

Concentration of credit risk with respect to accounts receivable is mitigated by our credit and collection process including active management of collections, credit limits, routine credit evaluations for essentially all customers, and secure transactions with letters of credit or advance payments where appropriate. We regularly review our allowance for doubtful accounts and the aging of our accounts receivable.

We rely on a limited number of foundries for our wafer purchases. We seek to mitigate the concentration of supply risk by establishing, maintaining and managing multiple foundry relationships; however, certain of our products are sourced from a single foundry and changing from one foundry to another can have a significant cost, or create delays in production or shipments, among other factors.

Cash and Cash Equivalents

We consider all investments that are readily convertible into cash and that have original maturities of three months or less to be cash equivalents. Cash equivalents consist primarily of highly liquid investments in time deposits or money market accounts and are carried at cost, which approximates fair value. Deposits with financial institutions at times exceed Federal Deposit Insurance Corporation insurance limits.

Foreign Exchange and

Data imported from Lattice Semiconductor Corp SEC filings. Check original filings before making any investment decision.