SWKS FY 2021 Earnings Report — Skyworks Solutions, Inc. Revenue & Financial Results | Market Cap Arena

Skyworks Solutions, Inc.SWKS

FY 2021 Earnings

Reported November 24, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$5.1B	—	$3.4B	—	52.3%
Op. Income	$1.6B	—	$892M	—	80.8%
Gross Margin	49.2%	—	48.1%	—	1.1pp
Net Margin	29.3%	—	24.3%	—	5.0pp
EPS (Diluted)	$8.97	—	$4.80	—	86.9%
Free Cash Flow	$1.1B	—	$806M	—	38.9%

Revenue Flow

Item	Amount
REVENUE	$5.1B
Cost of Revenue	$2.6B
GROSS PROFIT	$2.5B
R&D Expenses	$532M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$323M
Other Expenses	$45M
Operating Expenses	$900M
Cost & Expenses	$3.5B
OPERATING INCOME	$1.6B
Interest Income	$1M
Interest Expense	$13M
Other Income/Expenses	-$14M
INCOME BEFORE TAX	$1.6B
Income Tax Expense	$100M
Net Income from Continuing Ops	$1.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.5B
D&A	$437M
EBIT	$1.6B
EBITDA	$2.0B
EPS	$9
EPS Diluted	$9

Income Statement

Item	Amount
REVENUE	$5.1B
Cost of Revenue	$2.6B
GROSS PROFIT	$2.5B
R&D Expenses	$532M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$323M
Other Expenses	$45M
Operating Expenses	$900M
Cost & Expenses	$3.5B
OPERATING INCOME	$1.6B
Interest Income	$1M
Interest Expense	$13M
Other Income/Expenses	-$14M
INCOME BEFORE TAX	$1.6B
Income Tax Expense	$100M
Net Income from Continuing Ops	$1.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.5B
D&A	$437M
EBIT	$1.6B
EBITDA	$2.0B
EPS	$9
EPS Diluted	$9

Cash Flow Statement

Item	Amount
Net Income	$1.5B
Depreciation & Amortization	$437M
Stock-Based Compensation	$192M
Deferred Income Tax	-$60M
Other Non-Cash Items	$8M
Change in Working Capital	-$304M
OPERATING CASH FLOW	$1.8B
Capital Expenditure	-$652M
Acquisitions (Net)	-$2.8B
Purchases of Investments	-$501M
Sales/Maturities of Investments	$771M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$3.1B
Net Debt Issuance	$2.2B
Common Stock Repurchased	-$251M
Common Dividends Paid	-$341M
Other Financing Activities	$31M
NET CASH FROM FINANCING	$1.7B
FREE CASH FLOW	$1.1B
Net Change in Cash	$316M

Balance Sheet

Item	Amount
Cash & Equivalents	$883M
Short-Term Investments	$137M
Net Receivables	$756M
Inventory	$885M
Other Current Assets	$97M
TOTAL CURRENT ASSETS	$2.9B
PP&E (Net)	$1.7B
Goodwill	$2.2B
Intangible Assets	$1.7B
Long-Term Investments	$7M
Tax Assets	$120M
Other Non-Current Assets	$56M
TOTAL NON-CURRENT ASSETS	$5.7B
TOTAL ASSETS	$8.6B
Account Payables	$236M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$181M
TOTAL CURRENT LIABILITIES	$659M
Long-Term Debt	$2.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$255M
TOTAL NON-CURRENT LIABILITIES	$2.6B
TOTAL LIABILITIES	$3.3B
Common Stock	$41M
Additional Paid-In Capital	$80M
Retained Earnings	$5.2B
Treasury Stock	-$2M
Accum. Other Comp. Income	-$8M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.3B
Minority Interest	$0
TOTAL EQUITY	$5.3B
TOTAL LIABILITIES & EQUITY	$8.6B
Total Debt	$2.4B
Net Debt	$1.5B