SYNA FY 2008 Earnings Report — Synaptics Incorporated Revenue & Financial Results | Market Cap Arena

Synaptics IncorporatedSYNA

FY 2008 Earnings

Reported August 27, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$361M	—	$267M	—	35.3%
Op. Income	$49M	—	$30M	—	62.8%
Gross Margin	40.8%	—	39.7%	—	1.2pp
Net Margin	8.6%	—	9.9%	—	-1.3pp
EPS (Diluted)	$0.79	—	$0.63	—	25.4%
Free Cash Flow	$69M	—	$21M	—	238.1%

Revenue Flow

Item	Amount
REVENUE	$361M
Cost of Revenue	$214M
GROSS PROFIT	$147M
R&D Expenses	$50M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$48M
Other Expenses	$0
Operating Expenses	$98M
Cost & Expenses	$312M
OPERATING INCOME	$49M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$444.0K
INCOME BEFORE TAX	$49M
Income Tax Expense	$18M
Net Income from Continuing Ops	$31M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$31M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$31M
D&A	$4M
EBIT	$51M
EBITDA	$54M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$361M
Cost of Revenue	$214M
GROSS PROFIT	$147M
R&D Expenses	$50M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$48M
Other Expenses	$0
Operating Expenses	$98M
Cost & Expenses	$312M
OPERATING INCOME	$49M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$444.0K
INCOME BEFORE TAX	$49M
Income Tax Expense	$18M
Net Income from Continuing Ops	$31M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$31M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$31M
D&A	$4M
EBIT	$51M
EBITDA	$54M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$31M
Depreciation & Amortization	$5M
Stock-Based Compensation	$0
Deferred Income Tax	$597.0K
Other Non-Cash Items	$26M
Change in Working Capital	$14M
OPERATING CASH FLOW	$76M
Capital Expenditure	-$7M
Acquisitions (Net)	$0
Purchases of Investments	-$173M
Sales/Maturities of Investments	$294M
Other Investing Activities	$0
NET CASH FROM INVESTING	$115M
Net Debt Issuance	$0
Common Stock Repurchased	-$165M
Common Dividends Paid	$0
Other Financing Activities	-$457.0K
NET CASH FROM FINANCING	-$141M
FREE CASH FLOW	$69M
Net Change in Cash	$50M

Balance Sheet

Item	Amount
Cash & Equivalents	$96M
Short-Term Investments	$50M
Net Receivables	$69M
Inventory	$21M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$240M
PP&E (Net)	$22M
Goodwill	$2M
Intangible Assets	$0
Long-Term Investments	$39M
Tax Assets	$1M
Other Non-Current Assets	$1M
TOTAL NON-CURRENT ASSETS	$66M
TOTAL ASSETS	$306M
Account Payables	$28M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$7M
TOTAL CURRENT LIABILITIES	$51M
Long-Term Debt	$125M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$17M
TOTAL NON-CURRENT LIABILITIES	$142M
TOTAL LIABILITIES	$193M
Common Stock	$43.0K
Additional Paid-In Capital	$223M
Retained Earnings	$131M
Treasury Stock	-$237M
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$114M
Minority Interest	$0
TOTAL EQUITY	$114M
TOTAL LIABILITIES & EQUITY	$306M
Total Debt	$125M
Net Debt	$29M