SYNA FY 2007 Earnings Report — Synaptics Incorporated Revenue & Financial Results | Market Cap Arena

Synaptics IncorporatedSYNA

FY 2007 Earnings

Reported September 6, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$267M	—	$185M	—	44.6%
Op. Income	$30M	—	$19M	—	55.3%
Gross Margin	39.7%	—	44.9%	—	-5.2pp
Net Margin	9.9%	—	7.4%	—	2.5pp
EPS (Diluted)	$0.63	—	$0.34	—	85.3%
Free Cash Flow	$21M	—	$22M	—	-5.6%

Revenue Flow

Item	Amount
REVENUE	$267M
Cost of Revenue	$161M
GROSS PROFIT	$106M
R&D Expenses	$39M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$36M
Other Expenses	$0
Operating Expenses	$76M
Cost & Expenses	$237M
OPERATING INCOME	$30M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$8M
INCOME BEFORE TAX	$38M
Income Tax Expense	$12M
Net Income from Continuing Ops	$27M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$27M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$27M
D&A	$2M
EBIT	$40M
EBITDA	$33M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$267M
Cost of Revenue	$161M
GROSS PROFIT	$106M
R&D Expenses	$39M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$36M
Other Expenses	$0
Operating Expenses	$76M
Cost & Expenses	$237M
OPERATING INCOME	$30M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$8M
INCOME BEFORE TAX	$38M
Income Tax Expense	$12M
Net Income from Continuing Ops	$27M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$27M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$27M
D&A	$2M
EBIT	$40M
EBITDA	$33M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$27M
Depreciation & Amortization	$3M
Stock-Based Compensation	$0
Deferred Income Tax	-$115.0K
Other Non-Cash Items	$15M
Change in Working Capital	-$19M
OPERATING CASH FLOW	$26M
Capital Expenditure	-$6M
Acquisitions (Net)	$0
Purchases of Investments	-$281M
Sales/Maturities of Investments	$269M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$18M
Net Debt Issuance	$0
Common Stock Repurchased	-$32M
Common Dividends Paid	$0
Other Financing Activities	$10M
NET CASH FROM FINANCING	-$986.0K
FREE CASH FLOW	$21M
Net Change in Cash	$7M

Balance Sheet

Item	Amount
Cash & Equivalents	$46M
Short-Term Investments	$219M
Net Receivables	$57M
Inventory	$12M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$338M
PP&E (Net)	$19M
Goodwill	$2M
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$14M
TOTAL NON-CURRENT ASSETS	$35M
TOTAL ASSETS	$373M
Account Payables	$22M
Short-Term Debt	$2M
Deferred Revenue	$0
Other Current Liabilities	$3M
TOTAL CURRENT LIABILITIES	$38M
Long-Term Debt	$125M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$2M
TOTAL NON-CURRENT LIABILITIES	$127M
TOTAL LIABILITIES	$165M
Common Stock	$30.0K
Additional Paid-In Capital	$181M
Retained Earnings	$100M
Treasury Stock	-$72M
Accum. Other Comp. Income	-$139.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$208M
Minority Interest	$0
TOTAL EQUITY	$208M
TOTAL LIABILITIES & EQUITY	$373M
Total Debt	$127M
Net Debt	$81M