SWKS FY 2012 Earnings Report — Skyworks Solutions, Inc. Revenue & Financial Results | Market Cap Arena

Skyworks Solutions, Inc.SWKS

FY 2012 Earnings

Reported January 28, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$1.6B	—	$1.4B	—	10.6%
Op. Income	$256M	—	$295M	—	-13.4%
Gross Margin	42.5%	—	43.7%	—	-1.2pp
Net Margin	12.9%	—	16.0%	—	-3.1pp
EPS (Diluted)	$1.05	—	$1.19	—	-11.8%
Free Cash Flow	$191M	—	$265M	—	-27.9%

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$902M
GROSS PROFIT	$667M
R&D Expenses	$213M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$158M
Other Expenses	$41M
Operating Expenses	$412M
Cost & Expenses	$1.3B
OPERATING INCOME	$256M
Interest Income	$0
Interest Expense	$667.0K
Other Income/Expenses	-$700.0K
INCOME BEFORE TAX	$255M
Income Tax Expense	$53M
Net Income from Continuing Ops	$202M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$202M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$202M
D&A	$103M
EBIT	$263M
EBITDA	$366M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$902M
GROSS PROFIT	$667M
R&D Expenses	$213M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$158M
Other Expenses	$41M
Operating Expenses	$412M
Cost & Expenses	$1.3B
OPERATING INCOME	$256M
Interest Income	$0
Interest Expense	$667.0K
Other Income/Expenses	-$700.0K
INCOME BEFORE TAX	$255M
Income Tax Expense	$53M
Net Income from Continuing Ops	$202M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$202M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$202M
D&A	$103M
EBIT	$263M
EBITDA	$366M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$202M
Depreciation & Amortization	$103M
Stock-Based Compensation	$72M
Deferred Income Tax	$13M
Other Non-Cash Items	$4M
Change in Working Capital	-$109M
OPERATING CASH FLOW	$285M
Capital Expenditure	-$94M
Acquisitions (Net)	-$230M
Purchases of Investments	$0
Sales/Maturities of Investments	$21M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$303M
Net Debt Issuance	-$48M
Common Stock Repurchased	-$31M
Common Dividends Paid	$0
Other Financing Activities	-$7M
NET CASH FROM FINANCING	-$86M
FREE CASH FLOW	$191M
Net Change in Cash	-$104M

Balance Sheet

Item	Amount
Cash & Equivalents	$307M
Short-Term Investments	$0
Net Receivables	$298M
Inventory	$233M
Other Current Assets	$46M
TOTAL CURRENT ASSETS	$883M
PP&E (Net)	$279M
Goodwill	$801M
Intangible Assets	$94M
Long-Term Investments	$0
Tax Assets	$65M
Other Non-Current Assets	$14M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$2.1B
Account Payables	$141M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$11M
TOTAL CURRENT LIABILITIES	$183M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$7M
TOTAL NON-CURRENT LIABILITIES	$48M
TOTAL LIABILITIES	$231M
Common Stock	$48M
Additional Paid-In Capital	$1.9B
Retained Earnings	$101M
Treasury Stock	-$162M
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.9B
Minority Interest	$0
TOTAL EQUITY	$1.9B
TOTAL LIABILITIES & EQUITY	$2.1B
Total Debt	$0
Net Debt	-$307M