SWKS FY 2019 Earnings Report — Skyworks Solutions, Inc. Revenue & Financial Results | Market Cap Arena

Skyworks Solutions, Inc.SWKS

FY 2019 Earnings

Reported January 27, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$3.4B	—	$3.9B	—	-12.7%
Op. Income	$952M	—	$1.3B	—	-27.8%
Gross Margin	47.5%	—	50.4%	—	-2.9pp
Net Margin	25.3%	—	23.7%	—	1.5pp
EPS (Diluted)	$4.89	—	$5.01	—	-2.4%
Free Cash Flow	$944M	—	$830M	—	13.8%

Revenue Flow

Item	Amount
REVENUE	$3.4B
Cost of Revenue	$1.8B
GROSS PROFIT	$1.6B
R&D Expenses	$424M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$198M
Other Expenses	$29M
Operating Expenses	$652M
Cost & Expenses	$2.4B
OPERATING INCOME	$952M
Interest Income	$19M
Interest Expense	$0
Other Income/Expenses	$9M
INCOME BEFORE TAX	$961M
Income Tax Expense	$107M
Net Income from Continuing Ops	$854M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$854M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$854M
D&A	$372M
EBIT	$961M
EBITDA	$1.3B
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$3.4B
Cost of Revenue	$1.8B
GROSS PROFIT	$1.6B
R&D Expenses	$424M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$198M
Other Expenses	$29M
Operating Expenses	$652M
Cost & Expenses	$2.4B
OPERATING INCOME	$952M
Interest Income	$19M
Interest Expense	$0
Other Income/Expenses	$9M
INCOME BEFORE TAX	$961M
Income Tax Expense	$107M
Net Income from Continuing Ops	$854M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$854M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$854M
D&A	$372M
EBIT	$961M
EBITDA	$1.3B
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$854M
Depreciation & Amortization	$372M
Stock-Based Compensation	$80M
Deferred Income Tax	-$6M
Other Non-Cash Items	$14M
Change in Working Capital	$55M
OPERATING CASH FLOW	$1.4B
Capital Expenditure	-$423M
Acquisitions (Net)	$423M
Purchases of Investments	-$361M
Sales/Maturities of Investments	$447M
Other Investing Activities	-$423M
NET CASH FROM INVESTING	-$337M
Net Debt Issuance	$0
Common Stock Repurchased	-$680M
Common Dividends Paid	-$274M
Other Financing Activities	$42M
NET CASH FROM FINANCING	-$913M
FREE CASH FLOW	$944M
Net Change in Cash	$118M

Balance Sheet

Item	Amount
Cash & Equivalents	$851M
Short-Term Investments	$203M
Net Receivables	$465M
Inventory	$610M
Other Current Assets	$105M
TOTAL CURRENT ASSETS	$2.2B
PP&E (Net)	$1.2B
Goodwill	$1.2B
Intangible Assets	$108M
Long-Term Investments	$28M
Tax Assets	$41M
Other Non-Current Assets	$33M
TOTAL NON-CURRENT ASSETS	$2.6B
TOTAL ASSETS	$4.8B
Account Payables	$191M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$108M
TOTAL CURRENT LIABILITIES	$374M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$312M
Other Non-Current Liabilities	$31M
TOTAL NON-CURRENT LIABILITIES	$343M
TOTAL LIABILITIES	$717M
Common Stock	$43M
Additional Paid-In Capital	$3.2B
Retained Earnings	$4.3B
Treasury Stock	-$3.4B
Accum. Other Comp. Income	-$8M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.1B
Minority Interest	$0
TOTAL EQUITY	$4.1B
TOTAL LIABILITIES & EQUITY	$4.8B
Total Debt	$0
Net Debt	-$851M