LATTICE SEMICONDUCTOR CORP
For the period ended Jan 3, 2026. Filed Feb 13, 2026.
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FY2026 · Filed Feb 13, 2026
LSCC$111.25-2.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
| Year Ended | |||
|---|---|---|---|
| January 3, | December 28, | December 30, | |
| (In thousands) | 2026 | 2024 | 2023 |
| Cash flows from operating activities: | |||
| Net income | $3,084 | $61,131 | $259,061 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 35,481 | 38,737 | 34,432 |
| Stock-based compensation expense | 115,613 | 52,985 | 70,197 |
| Change in deferred income tax provision | 5,187 | (12,069) | (58,614) |
| Change in noncurrent taxes payable | (384) | (19,370) | 299 |
| Amortization of right-of-use assets | 6,834 | 7,530 | 6,764 |
| Impairment charges | 3,497 | 13,929 | — |
| Charge for expiring production materials | — | 7,019 | — |
| Other non-cash adjustments | 1,124 | 2,690 | 253 |
| Changes in assets and liabilities: | |||
| Accounts receivable, net | (21,217) | 23,313 | (10,355) |
| Inventories, net | 14,208 | (4,584) | 11,549 |
| Prepaid expenses and other assets | 5,364 | (11,065) | (6,001) |
| Accounts payable | 19,690 | 2,341 | (7,549) |
| Accrued liabilities | (19,540) | (3,515) | (12,963) |
| Accrued payroll obligations | 13,405 | (9,709) | (10,005) |
| Operating lease liabilities, current and long-term portions | (7,239) | (8,487) | (7,480) |
| Net cash provided by (used in) operating activities | 175,107 | 140,876 | 269,588 |
| Cash flows from investing activities: | |||
| Capital expenditures | (42,527) | (20,985) | (20,098) |
| Cash paid for software and intellectual property licenses | (19,781) | (16,708) | (13,152) |
| Net cash provided by (used in) investing activities | (62,308) | (37,693) | (33,250) |
| Cash flows from financing activities: | |||
| Restricted stock unit tax withholdings | (23,285) | (33,646) | (52,078) |
| Proceeds from issuance of common stock | 7,588 | 6,184 | 8,365 |
| Repurchase of common stock | (100,000) | (66,998) | (80,004) |
| Repayment of long-term debt | — | — | (130,000) |
| Net cash provided by (used in) financing activities | (115,697) | (94,460) | (253,717) |
| Effect of exchange rate change on cash | 493 | (749) | (26) |
| Net increase (decrease) in cash and cash equivalents | (2,405) | 7,974 | (17,405) |
| Beginning cash and cash equivalents | 136,291 | 128,317 | 145,722 |
| Ending cash and cash equivalents | $133,886 | $136,291 | $128,317 |
| Supplemental disclosure of cash flow information and non-cash investing and financing activities: | |||
| Interest paid | $— | $— | $3,240 |
| Income taxes paid, net of refunds | $7,768 | $8,587 | $15,754 |
| Operating lease payments | $8,330 | $9,567 | $8,344 |
| Accrued purchases of plant and equipment | $6,768 | $2,132 | $392 |
| Operating lease right-of-use assets obtained in exchange for lease obligations | $32,548 | $7,428 | $3,718 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.