SWKS FY 2014 Earnings Report — Skyworks Solutions, Inc. Revenue & Financial Results | Market Cap Arena

Skyworks Solutions, Inc.SWKS

FY 2014 Earnings

Reported November 25, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$2.3B	—	$1.8B	—	27.9%
Op. Income	$565M	—	$345M	—	63.8%
Gross Margin	44.6%	—	42.8%	—	1.9pp
Net Margin	20.0%	—	15.5%	—	4.5pp
EPS (Diluted)	$2.38	—	$1.45	—	64.1%
Free Cash Flow	$564M	—	$376M	—	50.0%

Revenue Flow

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$1.3B
GROSS PROFIT	$1.0B
R&D Expenses	$252M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$179M
Other Expenses	$26M
Operating Expenses	$458M
Cost & Expenses	$1.7B
OPERATING INCOME	$565M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$0
INCOME BEFORE TAX	$565M
Income Tax Expense	$108M
Net Income from Continuing Ops	$458M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$458M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$458M
D&A	$123M
EBIT	$566M
EBITDA	$688M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$1.3B
GROSS PROFIT	$1.0B
R&D Expenses	$252M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$179M
Other Expenses	$26M
Operating Expenses	$458M
Cost & Expenses	$1.7B
OPERATING INCOME	$565M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$0
INCOME BEFORE TAX	$565M
Income Tax Expense	$108M
Net Income from Continuing Ops	$458M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$458M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$458M
D&A	$123M
EBIT	$566M
EBITDA	$688M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$458M
Depreciation & Amortization	$123M
Stock-Based Compensation	$86M
Deferred Income Tax	$3M
Other Non-Cash Items	-$23M
Change in Working Capital	$125M
OPERATING CASH FLOW	$772M
Capital Expenditure	-$209M
Acquisitions (Net)	-$149M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$357M
Net Debt Issuance	$0
Common Stock Repurchased	-$188M
Common Dividends Paid	-$41M
Other Financing Activities	$109M
NET CASH FROM FINANCING	-$121M
FREE CASH FLOW	$564M
Net Change in Cash	$295M

Balance Sheet

Item	Amount
Cash & Equivalents	$806M
Short-Term Investments	$0
Net Receivables	$318M
Inventory	$271M
Other Current Assets	$35M
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$556M
Goodwill	$851M
Intangible Assets	$75M
Long-Term Investments	$0
Tax Assets	$51M
Other Non-Current Assets	$12M
TOTAL NON-CURRENT ASSETS	$1.5B
TOTAL ASSETS	$3.0B
Account Payables	$201M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$26M
TOTAL CURRENT LIABILITIES	$298M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$42M
Other Non-Current Liabilities	$102M
TOTAL NON-CURRENT LIABILITIES	$144M
TOTAL LIABILITIES	$441M
Common Stock	$47M
Additional Paid-In Capital	$2.2B
Retained Earnings	$795M
Treasury Stock	-$553M
Accum. Other Comp. Income	-$5M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.5B
Minority Interest	$0
TOTAL EQUITY	$2.5B
TOTAL LIABILITIES & EQUITY	$3.0B
Total Debt	$0
Net Debt	-$806M