SWKS FY 2020 Earnings Report — Skyworks Solutions, Inc. Revenue & Financial Results | Market Cap Arena

Skyworks Solutions, Inc.SWKS

FY 2020 Earnings

Reported November 16, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$3.4B	—	$3.4B	—	-0.6%
Op. Income	$892M	—	$952M	—	-6.3%
Gross Margin	48.1%	—	47.5%	—	0.6pp
Net Margin	24.3%	—	25.3%	—	-1.0pp
EPS (Diluted)	$4.80	—	$4.89	—	-1.8%
Free Cash Flow	$806M	—	$944M	—	-14.6%

Revenue Flow

Item	Amount
REVENUE	$3.4B
Cost of Revenue	$1.7B
GROSS PROFIT	$1.6B
R&D Expenses	$464M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$231M
Other Expenses	$26M
Operating Expenses	$721M
Cost & Expenses	$2.5B
OPERATING INCOME	$892M
Interest Income	$10M
Interest Expense	$0
Other Income/Expenses	-$100.0K
INCOME BEFORE TAX	$892M
Income Tax Expense	$77M
Net Income from Continuing Ops	$815M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$815M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$815M
D&A	$364M
EBIT	$892M
EBITDA	$1.3B
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$3.4B
Cost of Revenue	$1.7B
GROSS PROFIT	$1.6B
R&D Expenses	$464M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$231M
Other Expenses	$26M
Operating Expenses	$721M
Cost & Expenses	$2.5B
OPERATING INCOME	$892M
Interest Income	$10M
Interest Expense	$0
Other Income/Expenses	-$100.0K
INCOME BEFORE TAX	$892M
Income Tax Expense	$77M
Net Income from Continuing Ops	$815M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$815M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$815M
D&A	$364M
EBIT	$892M
EBITDA	$1.3B
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$815M
Depreciation & Amortization	$364M
Stock-Based Compensation	$157M
Deferred Income Tax	-$15M
Other Non-Cash Items	$16M
Change in Working Capital	-$132M
OPERATING CASH FLOW	$1.2B
Capital Expenditure	-$399M
Acquisitions (Net)	$399M
Purchases of Investments	-$791M
Sales/Maturities of Investments	$608M
Other Investing Activities	-$399M
NET CASH FROM INVESTING	-$581M
Net Debt Issuance	$0
Common Stock Repurchased	-$681M
Common Dividends Paid	-$307M
Other Financing Activities	$80M
NET CASH FROM FINANCING	-$908M
FREE CASH FLOW	$806M
Net Change in Cash	-$285M

Balance Sheet

Item	Amount
Cash & Equivalents	$567M
Short-Term Investments	$408M
Net Receivables	$359M
Inventory	$806M
Other Current Assets	$178M
TOTAL CURRENT ASSETS	$2.3B
PP&E (Net)	$1.4B
Goodwill	$1.2B
Intangible Assets	$54M
Long-Term Investments	$5M
Tax Assets	$55M
Other Non-Current Assets	$68M
TOTAL NON-CURRENT ASSETS	$2.8B
TOTAL ASSETS	$5.1B
Account Payables	$227M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$142M
TOTAL CURRENT LIABILITIES	$448M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$343M
TOTAL NON-CURRENT LIABILITIES	$494M
TOTAL LIABILITIES	$943M
Common Stock	$41M
Additional Paid-In Capital	$3.4B
Retained Earnings	$4.8B
Treasury Stock	-$4.1B
Accum. Other Comp. Income	-$8M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.2B
Minority Interest	$0
TOTAL EQUITY	$4.2B
TOTAL LIABILITIES & EQUITY	$5.1B
Total Debt	$179M
Net Debt	-$388M