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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 41 quarters since 2012. Compare with LSCC stock chart to see long term trends.

LSCC Stock Compared to Quarterly

LSCC Income Statement

Revenue, Net:150515000
Revenue Per Share:1.0938
Cost of Goods & Services Sold:49748000
Gross Profit:100767000
Selling, General & Admin Expense:28771000
Research & Development Expense:32555000
Total Operating Expenses:63004000
Operating Income:37763000
Income Taxes:955000
Net Income:36078000
Earnings Per Share, Basic:0.26
Shares Outstanding, Basic Avg:137610858

LSCC Cash Flow

Operating Activities Net Income:
Change in Accounts Receiveable:3196000
Net Cash from Operations:43205000
Net Cash from Operations Per Share:0.314
Repurchases/Buybacks Common Stock:15000000
Net Cash from Financing Activities:-44403000
Property, Plant & Equipment Purchases:4426000
Net Cash from Investing Activities:-7130000
Net Change in Cash & Equivalents:-8581000

LSCC Balance Sheet

Cash and Cash Equivalents:122989000
Accounts Receivable, Net:83055000
Total Current Assets:299185000
Property, Plant & Equipment, Net:39626000
Total Assets:720926000
Accounts Payable:38491000
Current Portion of Long-Term Debt:17182000
Total Short-Term Liabilities:99063000
Long Term Debt, Non-Current Portion:136461000
Total Liabilities:299371000

Insider Trading

SEC Form 4
Elashmawi Esam   VP Corp, Mktg & Strategy
10,570 sh at $47
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.