SYNA FY 2011 Earnings Report — Synaptics Incorporated Revenue & Financial Results | Market Cap Arena

Synaptics IncorporatedSYNA

FY 2011 Earnings

Reported August 22, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$599M	—	$515M	—	16.2%
Op. Income	$73M	—	$62M	—	16.7%
Gross Margin	41.1%	—	40.5%	—	0.6pp
Net Margin	10.7%	—	10.3%	—	0.4pp
EPS (Diluted)	$1.80	—	$1.50	—	20.0%
Free Cash Flow	$78M	—	$105M	—	-25.5%

Revenue Flow

Item	Amount
REVENUE	$599M
Cost of Revenue	$352M
GROSS PROFIT	$246M
R&D Expenses	$105M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$69M
Other Expenses	$0
Operating Expenses	$174M
Cost & Expenses	$526M
OPERATING INCOME	$73M
Interest Income	$911.0K
Interest Expense	$17.0K
Other Income/Expenses	$953.0K
INCOME BEFORE TAX	$73M
Income Tax Expense	$10M
Net Income from Continuing Ops	$64M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$64M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$64M
D&A	$11M
EBIT	$73M
EBITDA	$85M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$599M
Cost of Revenue	$352M
GROSS PROFIT	$246M
R&D Expenses	$105M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$69M
Other Expenses	$0
Operating Expenses	$174M
Cost & Expenses	$526M
OPERATING INCOME	$73M
Interest Income	$911.0K
Interest Expense	$17.0K
Other Income/Expenses	$953.0K
INCOME BEFORE TAX	$73M
Income Tax Expense	$10M
Net Income from Continuing Ops	$64M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$64M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$64M
D&A	$11M
EBIT	$73M
EBITDA	$85M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$64M
Depreciation & Amortization	$11M
Stock-Based Compensation	$34M
Deferred Income Tax	-$4M
Other Non-Cash Items	-$1M
Change in Working Capital	-$14M
OPERATING CASH FLOW	$90M
Capital Expenditure	-$12M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$3M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$8M
Net Debt Issuance	$0
Common Stock Repurchased	-$70M
Common Dividends Paid	$0
Other Financing Activities	-$261.0K
NET CASH FROM FINANCING	-$44M
FREE CASH FLOW	$78M
Net Change in Cash	$37M

Balance Sheet

Item	Amount
Cash & Equivalents	$247M
Short-Term Investments	$0
Net Receivables	$94M
Inventory	$29M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$374M
PP&E (Net)	$26M
Goodwill	$2M
Intangible Assets	$0
Long-Term Investments	$26M
Tax Assets	$0
Other Non-Current Assets	$28M
TOTAL NON-CURRENT ASSETS	$82M
TOTAL ASSETS	$456M
Account Payables	$45M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$13M
TOTAL CURRENT LIABILITIES	$93M
Long-Term Debt	$2M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$21M
TOTAL NON-CURRENT LIABILITIES	$23M
TOTAL LIABILITIES	$116M
Common Stock	$47.0K
Additional Paid-In Capital	$407M
Retained Earnings	$283M
Treasury Stock	-$352M
Accum. Other Comp. Income	$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$340M
Minority Interest	$0
TOTAL EQUITY	$340M
TOTAL LIABILITIES & EQUITY	$456M
Total Debt	$2M
Net Debt	-$245M