SWKS FY 2010 Earnings Report — Skyworks Solutions, Inc. Revenue & Financial Results | Market Cap Arena

Skyworks Solutions, Inc.SWKS

FY 2010 Earnings

Reported January 31, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$1.1B	—	—	—	—
Op. Income	$200M	—	—	—	—
Gross Margin	42.6%	—	—	—	—
Net Margin	12.8%	—	—	—	—
EPS (Diluted)	$0.75	—	—	—	—
Free Cash Flow	$134M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$615M
GROSS PROFIT	$457M
R&D Expenses	$134M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$118M
Other Expenses	$5M
Operating Expenses	$257M
Cost & Expenses	$872M
OPERATING INCOME	$200M
Interest Income	$0
Interest Expense	$4M
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$195M
Income Tax Expense	$58M
Net Income from Continuing Ops	$137M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$137M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$137M
D&A	$55M
EBIT	$199M
EBITDA	$255M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$615M
GROSS PROFIT	$457M
R&D Expenses	$134M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$118M
Other Expenses	$5M
Operating Expenses	$257M
Cost & Expenses	$872M
OPERATING INCOME	$200M
Interest Income	$0
Interest Expense	$4M
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$195M
Income Tax Expense	$58M
Net Income from Continuing Ops	$137M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$137M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$137M
D&A	$55M
EBIT	$199M
EBITDA	$255M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$137M
Depreciation & Amortization	$53M
Stock-Based Compensation	$41M
Deferred Income Tax	$39M
Other Non-Cash Items	$9M
Change in Working Capital	-$55M
OPERATING CASH FLOW	$223M
Capital Expenditure	-$89M
Acquisitions (Net)	-$6M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$95M
Net Debt Issuance	-$81M
Common Stock Repurchased	-$4M
Common Dividends Paid	$0
Other Financing Activities	$6M
NET CASH FROM FINANCING	-$39M
FREE CASH FLOW	$134M
Net Change in Cash	$89M

Balance Sheet

Item	Amount
Cash & Equivalents	$453M
Short-Term Investments	$0
Net Receivables	$175M
Inventory	$125M
Other Current Assets	$36M
TOTAL CURRENT ASSETS	$790M
PP&E (Net)	$204M
Goodwill	$486M
Intangible Assets	$13M
Long-Term Investments	$0
Tax Assets	$61M
Other Non-Current Assets	$11M
TOTAL NON-CURRENT ASSETS	$774M
TOTAL ASSETS	$1.6B
Account Payables	$112M
Short-Term Debt	$50M
Deferred Revenue	$0
Other Current Liabilities	$7M
TOTAL CURRENT LIABILITIES	$204M
Long-Term Debt	$25M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$18M
TOTAL NON-CURRENT LIABILITIES	$43M
TOTAL LIABILITIES	$247M
Common Stock	$45M
Additional Paid-In Capital	$1.6B
Retained Earnings	-$328M
Treasury Stock	-$41M
Accum. Other Comp. Income	-$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$0
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$75M
Net Debt	-$379M