SWKS FY 2017 Earnings Report — Skyworks Solutions, Inc. Revenue & Financial Results | Market Cap Arena

Skyworks Solutions, Inc.SWKS

FY 2017 Earnings

Reported January 26, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$3.7B	—	$3.3B	—	11.0%
Op. Income	$1.3B	—	$1.1B	—	12.1%
Gross Margin	50.4%	—	50.6%	—	-0.2pp
Net Margin	27.7%	—	30.3%	—	-2.6pp
EPS (Diluted)	$5.41	—	$5.18	—	4.4%
Free Cash Flow	$1.2B	—	$900M	—	28.4%

Revenue Flow

Item	Amount
REVENUE	$3.7B
Cost of Revenue	$1.8B
GROSS PROFIT	$1.8B
R&D Expenses	$355M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$205M
Other Expenses	$28M
Operating Expenses	$588M
Cost & Expenses	$2.4B
OPERATING INCOME	$1.3B
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$3M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$247M
Net Income from Continuing Ops	$1.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.0B
D&A	$255M
EBIT	$1.3B
EBITDA	$1.5B
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$3.7B
Cost of Revenue	$1.8B
GROSS PROFIT	$1.8B
R&D Expenses	$355M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$205M
Other Expenses	$28M
Operating Expenses	$588M
Cost & Expenses	$2.4B
OPERATING INCOME	$1.3B
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$3M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$247M
Net Income from Continuing Ops	$1.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.0B
D&A	$255M
EBIT	$1.3B
EBITDA	$1.5B
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$1.0B
Depreciation & Amortization	$255M
Stock-Based Compensation	$89M
Deferred Income Tax	$2M
Other Non-Cash Items	-$26M
Change in Working Capital	$142M
OPERATING CASH FLOW	$1.5B
Capital Expenditure	-$315M
Acquisitions (Net)	-$14M
Purchases of Investments	$12M
Sales/Maturities of Investments	$3M
Other Investing Activities	-$12M
NET CASH FROM INVESTING	-$326M
Net Debt Issuance	$0
Common Stock Repurchased	-$482M
Common Dividends Paid	-$215M
Other Financing Activities	$84M
NET CASH FROM FINANCING	-$612M
FREE CASH FLOW	$1.2B
Net Change in Cash	$533M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.6B
Short-Term Investments	$0
Net Receivables	$455M
Inventory	$494M
Other Current Assets	$69M
TOTAL CURRENT ASSETS	$2.6B
PP&E (Net)	$882M
Goodwill	$883M
Intangible Assets	$68M
Long-Term Investments	$0
Tax Assets	$67M
Other Non-Current Assets	$40M
TOTAL NON-CURRENT ASSETS	$1.9B
TOTAL ASSETS	$4.6B
Account Payables	$258M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$61M
TOTAL CURRENT LIABILITIES	$388M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$93M
Other Non-Current Liabilities	$27M
TOTAL NON-CURRENT LIABILITIES	$120M
TOTAL LIABILITIES	$508M
Common Stock	$46M
Additional Paid-In Capital	$2.9B
Retained Earnings	$3.1B
Treasury Stock	-$1.9B
Accum. Other Comp. Income	-$9M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.1B
Minority Interest	$0
TOTAL EQUITY	$4.1B
TOTAL LIABILITIES & EQUITY	$4.6B
Total Debt	$0
Net Debt	-$1.6B