SYNA FY 2009 Earnings Report — Synaptics Incorporated Revenue & Financial Results | Market Cap Arena

Synaptics IncorporatedSYNA

FY 2009 Earnings

Reported July 13, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$473M	—	$361M	—	31.1%
Op. Income	$69M	—	$49M	—	41.1%
Gross Margin	40.5%	—	40.8%	—	-0.4pp
Net Margin	11.5%	—	8.6%	—	2.9pp
EPS (Diluted)	$1.53	—	$0.79	—	93.7%
Free Cash Flow	$72M	—	$69M	—	4.3%

Revenue Flow

Item	Amount
REVENUE	$473M
Cost of Revenue	$282M
GROSS PROFIT	$192M
R&D Expenses	$68M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$54M
Other Expenses	$0
Operating Expenses	$122M
Cost & Expenses	$404M
OPERATING INCOME	$69M
Interest Income	$3M
Interest Expense	$7M
Other Income/Expenses	-$4M
INCOME BEFORE TAX	$66M
Income Tax Expense	$11M
Net Income from Continuing Ops	$54M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$54M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$54M
D&A	$6M
EBIT	$62M
EBITDA	$69M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$473M
Cost of Revenue	$282M
GROSS PROFIT	$192M
R&D Expenses	$68M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$54M
Other Expenses	$0
Operating Expenses	$122M
Cost & Expenses	$404M
OPERATING INCOME	$69M
Interest Income	$3M
Interest Expense	$7M
Other Income/Expenses	-$4M
INCOME BEFORE TAX	$66M
Income Tax Expense	$11M
Net Income from Continuing Ops	$54M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$54M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$54M
D&A	$6M
EBIT	$62M
EBITDA	$69M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$54M
Depreciation & Amortization	$6M
Stock-Based Compensation	$24M
Deferred Income Tax	-$10M
Other Non-Cash Items	$6M
Change in Working Capital	-$18.0K
OPERATING CASH FLOW	$82M
Capital Expenditure	-$9M
Acquisitions (Net)	$0
Purchases of Investments	-$25M
Sales/Maturities of Investments	$57M
Other Investing Activities	$0
NET CASH FROM INVESTING	$23M
Net Debt Issuance	-$56M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$8M
NET CASH FROM FINANCING	-$32M
FREE CASH FLOW	$72M
Net Change in Cash	$73M

Balance Sheet

Item	Amount
Cash & Equivalents	$169M
Short-Term Investments	$23M
Net Receivables	$85M
Inventory	$15M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$295M
PP&E (Net)	$25M
Goodwill	$2M
Intangible Assets	$0
Long-Term Investments	$29M
Tax Assets	$71.0K
Other Non-Current Assets	$25M
TOTAL NON-CURRENT ASSETS	$81M
TOTAL ASSETS	$376M
Account Payables	$32M
Short-Term Debt	$63M
Deferred Revenue	$0
Other Current Liabilities	$10M
TOTAL CURRENT LIABILITIES	$136M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$18M
TOTAL NON-CURRENT LIABILITIES	$18M
TOTAL LIABILITIES	$155M
Common Stock	$44.0K
Additional Paid-In Capital	$271M
Retained Earnings	$188M
Treasury Stock	-$237M
Accum. Other Comp. Income	$129.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$221M
Minority Interest	$0
TOTAL EQUITY	$221M
TOTAL LIABILITIES & EQUITY	$376M
Total Debt	$63M
Net Debt	-$106M