LATTICE SEMICONDUCTOR CORP
For the period ended Dec 28, 2024. Filed Feb 14, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 14, 2025
LSCC$111.25-2.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
| Year Ended | |||
|---|---|---|---|
| December 28, | December 30, | December 31, | |
| (In thousands) | 2024 | 2023 | 2022 |
| Cash flows from operating activities: | |||
| Net income | $61,131 | $259,061 | $178,882 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 38,737 | 34,432 | 29,323 |
| Stock-based compensation expense | 52,985 | 70,197 | 55,530 |
| Change in deferred income tax provision | (12,069) | (58,614) | (1,420) |
| Change in noncurrent taxes payable | (19,370) | 299 | (3) |
| Amortization of right-of-use assets | 7,530 | 6,764 | 6,512 |
| Impairment of acquired intangible assets | 13,929 | — | — |
| Charge for expiring production materials | 7,019 | — | 6,002 |
| Write-off of non-recoverable cost-method investment | 2,023 | — | — |
| Impairment of operating lease right-of-use asset | 384 | — | 1,149 |
| Other non-cash adjustments | 283 | 253 | 754 |
| Changes in assets and liabilities: | |||
| Accounts receivable, net | 23,313 | (10,355) | (14,159) |
| Inventories, net | (4,584) | 11,549 | (42,781) |
| Prepaid expenses and other assets | (11,065) | (6,001) | (6,276) |
| Accounts payable | 2,341 | (7,549) | 7,439 |
| Accrued liabilities | (3,515) | (12,963) | 15,410 |
| Accrued payroll obligations | (9,709) | (10,005) | 8,903 |
| Operating lease liabilities, current and long-term portions | (8,487) | (7,480) | (6,459) |
| Net cash provided by (used in) operating activities | 140,876 | 269,588 | 238,806 |
| Cash flows from investing activities: | |||
| Capital expenditures | (20,985) | (20,098) | (23,338) |
| Cash paid for software and intellectual property licenses | (16,708) | (13,152) | (11,594) |
| Net cash provided by (used in) investing activities | (37,693) | (33,250) | (34,932) |
| Cash flows from financing activities: | |||
| Restricted stock unit tax withholdings | (33,646) | (52,078) | (54,946) |
| Proceeds from issuance of common stock | 6,184 | 8,365 | 7,159 |
| Repurchase of common stock | (66,998) | (80,004) | (110,132) |
| Proceeds from long-term debt, net of issuance costs | — | — | 148,597 |
| Repayment of long-term debt | — | (130,000) | (178,750) |
| Net cash provided by (used in) financing activities | (94,460) | (253,717) | (188,072) |
| Effect of exchange rate change on cash | (749) | (26) | (1,650) |
| Net increase (decrease) in cash and cash equivalents | 7,974 | (17,405) | 14,152 |
| Beginning cash and cash equivalents | 128,317 | 145,722 | 131,570 |
| Ending cash and cash equivalents | $136,291 | $128,317 | $145,722 |
| Supplemental disclosure of cash flow information and non-cash investing and financing activities: | |||
| Interest paid | $— | $3,240 | $3,973 |
| Income taxes paid, net of refunds | $8,587 | $15,754 | $4,621 |
| Operating lease payments | $9,567 | $8,344 | $7,419 |
| Accrued purchases of plant and equipment | $2,132 | $392 | $1,357 |
| Operating lease right-of-use assets obtained in exchange for lease obligations | $7,428 | $3,718 | $2,134 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.