SWKS FY 2023 Earnings Report — Skyworks Solutions, Inc. Revenue & Financial Results | Market Cap Arena

Skyworks Solutions, Inc.SWKS

FY 2023 Earnings

Reported November 17, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$4.8B	—	$5.5B	—	-13.0%
Op. Income	$1.1B	—	$1.5B	—	-26.3%
Gross Margin	44.2%	—	47.5%	—	-3.3pp
Net Margin	20.6%	—	23.2%	—	-2.7pp
EPS (Diluted)	$6.13	—	$7.81	—	-21.5%
Free Cash Flow	$1.6B	—	$915M	—	77.1%

Revenue Flow

Item	Amount
REVENUE	$4.8B
Cost of Revenue	$2.7B
GROSS PROFIT	$2.1B
R&D Expenses	$607M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$314M
Other Expenses	$62M
Operating Expenses	$982M
Cost & Expenses	$3.6B
OPERATING INCOME	$1.1B
Interest Income	$0
Interest Expense	$64M
Other Income/Expenses	-$46M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$96M
Net Income from Continuing Ops	$983M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$983M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$983M
D&A	$614M
EBIT	$1.1B
EBITDA	$1.8B
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$4.8B
Cost of Revenue	$2.7B
GROSS PROFIT	$2.1B
R&D Expenses	$607M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$314M
Other Expenses	$62M
Operating Expenses	$982M
Cost & Expenses	$3.6B
OPERATING INCOME	$1.1B
Interest Income	$0
Interest Expense	$64M
Other Income/Expenses	-$46M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$96M
Net Income from Continuing Ops	$983M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$983M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$983M
D&A	$614M
EBIT	$1.1B
EBITDA	$1.8B
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$983M
Depreciation & Amortization	$614M
Stock-Based Compensation	$185M
Deferred Income Tax	-$151M
Other Non-Cash Items	$65M
Change in Working Capital	$161M
OPERATING CASH FLOW	$1.9B
Capital Expenditure	-$236M
Acquisitions (Net)	$0
Purchases of Investments	-$289M
Sales/Maturities of Investments	$294M
Other Investing Activities	$7M
NET CASH FROM INVESTING	-$224M
Net Debt Issuance	-$900M
Common Stock Repurchased	-$211M
Common Dividends Paid	-$405M
Other Financing Activities	$37M
NET CASH FROM FINANCING	-$1.5B
FREE CASH FLOW	$1.6B
Net Change in Cash	$153M

Balance Sheet

Item	Amount
Cash & Equivalents	$719M
Short-Term Investments	$16M
Net Receivables	$864M
Inventory	$1.1B
Other Current Assets	$155M
TOTAL CURRENT ASSETS	$3.2B
PP&E (Net)	$1.6B
Goodwill	$2.2B
Intangible Assets	$1.2B
Long-Term Investments	$4M
Tax Assets	$192M
Other Non-Current Assets	$57M
TOTAL NON-CURRENT ASSETS	$5.2B
TOTAL ASSETS	$8.4B
Account Payables	$159M
Short-Term Debt	$299M
Deferred Revenue	$0
Other Current Liabilities	$139M
TOTAL CURRENT LIABILITIES	$956M
Long-Term Debt	$993M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$207M
TOTAL NON-CURRENT LIABILITIES	$1.4B
TOTAL LIABILITIES	$2.3B
Common Stock	$40M
Additional Paid-In Capital	$172M
Retained Earnings	$5.9B
Treasury Stock	$0
Accum. Other Comp. Income	-$6M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$6.1B
Minority Interest	$0
TOTAL EQUITY	$6.1B
TOTAL LIABILITIES & EQUITY	$8.4B
Total Debt	$1.5B
Net Debt	$791M