SYNA FY 2013 Earnings Report — Synaptics Incorporated Revenue & Financial Results | Market Cap Arena

Synaptics IncorporatedSYNA

FY 2013 Earnings

Reported August 19, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$664M	—	$548M	—	21.0%
Op. Income	$101M	—	$68M	—	49.0%
Gross Margin	49.1%	—	46.6%	—	2.5pp
Net Margin	14.9%	—	9.9%	—	5.0pp
EPS (Diluted)	$2.89	—	$1.57	—	84.1%
Free Cash Flow	$54M	—	$91M	—	-41.1%

Revenue Flow

Item	Amount
REVENUE	$664M
Cost of Revenue	$338M
GROSS PROFIT	$326M
R&D Expenses	$145M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$80M
Other Expenses	$881.0K
Operating Expenses	$225M
Cost & Expenses	$563M
OPERATING INCOME	$101M
Interest Income	$1M
Interest Expense	$0
Other Income/Expenses	$1M
INCOME BEFORE TAX	$102M
Income Tax Expense	$3M
Net Income from Continuing Ops	$99M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$99M
Net Income Deductions	-$33.0K
BOTTOM LINE NET INCOME	$99M
D&A	$11M
EBIT	$102M
EBITDA	$113M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$664M
Cost of Revenue	$338M
GROSS PROFIT	$326M
R&D Expenses	$145M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$80M
Other Expenses	$881.0K
Operating Expenses	$225M
Cost & Expenses	$563M
OPERATING INCOME	$101M
Interest Income	$1M
Interest Expense	$0
Other Income/Expenses	$1M
INCOME BEFORE TAX	$102M
Income Tax Expense	$3M
Net Income from Continuing Ops	$99M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$99M
Net Income Deductions	-$33.0K
BOTTOM LINE NET INCOME	$99M
D&A	$11M
EBIT	$102M
EBITDA	$113M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$99M
Depreciation & Amortization	$11M
Stock-Based Compensation	$32M
Deferred Income Tax	-$890.0K
Other Non-Cash Items	-$132.0K
Change in Working Capital	-$39M
OPERATING CASH FLOW	$102M
Capital Expenditure	-$49M
Acquisitions (Net)	-$5M
Purchases of Investments	$0
Sales/Maturities of Investments	$3M
Other Investing Activities	$13M
NET CASH FROM INVESTING	-$38M
Net Debt Issuance	-$5M
Common Stock Repurchased	-$46M
Common Dividends Paid	$0
Other Financing Activities	-$900.0K
NET CASH FROM FINANCING	-$14M
FREE CASH FLOW	$54M
Net Change in Cash	$50M

Balance Sheet

Item	Amount
Cash & Equivalents	$355M
Short-Term Investments	$0
Net Receivables	$148M
Inventory	$50M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$560M
PP&E (Net)	$58M
Goodwill	$21M
Intangible Assets	$13M
Long-Term Investments	$17M
Tax Assets	$0
Other Non-Current Assets	$22M
TOTAL NON-CURRENT ASSETS	$131M
TOTAL ASSETS	$691M
Account Payables	$84M
Short-Term Debt	$0
Deferred Revenue	$16M
Other Current Liabilities	$26M
TOTAL CURRENT LIABILITIES	$150M
Long-Term Debt	$2M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$17M
TOTAL NON-CURRENT LIABILITIES	$20M
TOTAL LIABILITIES	$169M
Common Stock	$51.0K
Additional Paid-In Capital	$539M
Retained Earnings	$436M
Treasury Stock	-$460M
Accum. Other Comp. Income	$7M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$522M
Minority Interest	$0
TOTAL EQUITY	$522M
TOTAL LIABILITIES & EQUITY	$691M
Total Debt	$2M
Net Debt	-$353M