SYNA FY 2012 Earnings Report — Synaptics Incorporated Revenue & Financial Results | Market Cap Arena

Synaptics IncorporatedSYNA

FY 2012 Earnings

Reported August 24, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$548M	—	$599M	—	-8.4%
Op. Income	$68M	—	$73M	—	-6.8%
Gross Margin	46.6%	—	41.1%	—	5.5pp
Net Margin	9.9%	—	10.7%	—	-0.8pp
EPS (Diluted)	$1.57	—	$1.80	—	-12.8%
Free Cash Flow	$91M	—	$78M	—	16.5%

Revenue Flow

Item	Amount
REVENUE	$548M
Cost of Revenue	$293M
GROSS PROFIT	$256M
R&D Expenses	$118M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$70M
Other Expenses	$0
Operating Expenses	$188M
Cost & Expenses	$481M
OPERATING INCOME	$68M
Interest Income	$922.0K
Interest Expense	$17.0K
Other Income/Expenses	$982.0K
INCOME BEFORE TAX	$69M
Income Tax Expense	$14M
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	$10M
EBIT	$68M
EBITDA	$78M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$548M
Cost of Revenue	$293M
GROSS PROFIT	$256M
R&D Expenses	$118M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$70M
Other Expenses	$0
Operating Expenses	$188M
Cost & Expenses	$481M
OPERATING INCOME	$68M
Interest Income	$922.0K
Interest Expense	$17.0K
Other Income/Expenses	$982.0K
INCOME BEFORE TAX	$69M
Income Tax Expense	$14M
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	$10M
EBIT	$68M
EBITDA	$78M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$54M
Depreciation & Amortization	$10M
Stock-Based Compensation	$34M
Deferred Income Tax	-$741.0K
Other Non-Cash Items	$1M
Change in Working Capital	$2M
OPERATING CASH FLOW	$101M
Capital Expenditure	-$10M
Acquisitions (Net)	-$15M
Purchases of Investments	$0
Sales/Maturities of Investments	$10M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$15M
Net Debt Issuance	$0
Common Stock Repurchased	-$62M
Common Dividends Paid	$0
Other Financing Activities	-$2M
NET CASH FROM FINANCING	-$29M
FREE CASH FLOW	$91M
Net Change in Cash	$58M

Balance Sheet

Item	Amount
Cash & Equivalents	$305M
Short-Term Investments	$0
Net Receivables	$104M
Inventory	$32M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$446M
PP&E (Net)	$25M
Goodwill	$19M
Intangible Assets	$13M
Long-Term Investments	$15M
Tax Assets	$0
Other Non-Current Assets	$23M
TOTAL NON-CURRENT ASSETS	$95M
TOTAL ASSETS	$542M
Account Payables	$55M
Short-Term Debt	$0
Deferred Revenue	$13M
Other Current Liabilities	$15M
TOTAL CURRENT LIABILITIES	$106M
Long-Term Debt	$2M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$37M
TOTAL NON-CURRENT LIABILITIES	$39M
TOTAL LIABILITIES	$145M
Common Stock	$49.0K
Additional Paid-In Capital	$472M
Retained Earnings	$337M
Treasury Stock	-$414M
Accum. Other Comp. Income	$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$397M
Minority Interest	$0
TOTAL EQUITY	$397M
TOTAL LIABILITIES & EQUITY	$542M
Total Debt	$2M
Net Debt	-$303M