SWKS Q1 2017 Earnings Report — Skyworks Solutions, Inc. Revenue & Financial Results | Market Cap Arena

Skyworks Solutions, Inc.SWKS

Q1 2017 Earnings

Reported February 7, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2017	Q4 2016	Q1 2016	QoQ Change	YoY Change
Revenue	$914M	$835M	—	9.4%	—
Op. Income	$322M	$292M	—	10.3%	—
Gross Margin	50.7%	50.8%	—	-0.1pp	—
Net Margin	28.2%	29.5%	—	-1.3pp	—
EPS (Diluted)	$1.38	$1.31	—	5.3%	—
Free Cash Flow	$446M	$434M	—	2.8%	—

Revenue Flow

Item	Amount
REVENUE	$914M
Cost of Revenue	$450M
GROSS PROFIT	$464M
R&D Expenses	$82M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$51M
Other Expenses	$9M
Operating Expenses	$142M
Cost & Expenses	$592M
OPERATING INCOME	$322M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$800.0K
INCOME BEFORE TAX	$321M
Income Tax Expense	$63M
Net Income from Continuing Ops	$258M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$258M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$258M
D&A	$64M
EBIT	$323M
EBITDA	$386M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$914M
Cost of Revenue	$450M
GROSS PROFIT	$464M
R&D Expenses	$82M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$51M
Other Expenses	$9M
Operating Expenses	$142M
Cost & Expenses	$592M
OPERATING INCOME	$322M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$800.0K
INCOME BEFORE TAX	$321M
Income Tax Expense	$63M
Net Income from Continuing Ops	$258M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$258M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$258M
D&A	$64M
EBIT	$323M
EBITDA	$386M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$258M
Depreciation & Amortization	$64M
Stock-Based Compensation	$22M
Deferred Income Tax	$1M
Other Non-Cash Items	-$22M
Change in Working Capital	$173M
OPERATING CASH FLOW	$496M
Capital Expenditure	-$50M
Acquisitions (Net)	-$14M
Purchases of Investments	$0
Sales/Maturities of Investments	$3M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$61M
Net Debt Issuance	$0
Common Stock Repurchased	-$151M
Common Dividends Paid	-$52M
Other Financing Activities	$35M
NET CASH FROM FINANCING	-$169M
FREE CASH FLOW	$446M
Net Change in Cash	$267M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.4B
Short-Term Investments	$0
Net Receivables	$368M
Inventory	$423M
Other Current Assets	$57M
TOTAL CURRENT ASSETS	$2.2B
PP&E (Net)	$802M
Goodwill	$880M
Intangible Assets	$75M
Long-Term Investments	$0
Tax Assets	$54M
Other Non-Current Assets	$56M
TOTAL NON-CURRENT ASSETS	$1.9B
TOTAL ASSETS	$4.1B
Account Payables	$162M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$85M
TOTAL CURRENT LIABILITIES	$303M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$72M
Other Non-Current Liabilities	$30M
TOTAL NON-CURRENT LIABILITIES	$102M
TOTAL LIABILITIES	$405M
Common Stock	$46M
Additional Paid-In Capital	$2.7B
Retained Earnings	$2.5B
Treasury Stock	-$1.6B
Accum. Other Comp. Income	-$9M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.7B
Minority Interest	$0
TOTAL EQUITY	$3.7B
TOTAL LIABILITIES & EQUITY	$4.1B
Total Debt	$0
Net Debt	-$1.4B