SYNA FY 2014 Earnings Report — Synaptics Incorporated Revenue & Financial Results | Market Cap Arena

Synaptics IncorporatedSYNA

FY 2014 Earnings

Reported August 22, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$948M	—	$664M	—	42.8%
Op. Income	$73M	—	$101M	—	-28.0%
Gross Margin	46.0%	—	49.1%	—	-3.1pp
Net Margin	4.9%	—	14.9%	—	-10.0pp
EPS (Diluted)	$1.26	—	$2.89	—	-56.4%
Free Cash Flow	$93M	—	$54M	—	73.2%

Revenue Flow

Item	Amount
REVENUE	$948M
Cost of Revenue	$511M
GROSS PROFIT	$436M
R&D Expenses	$193M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$100M
Other Expenses	$71M
Operating Expenses	$364M
Cost & Expenses	$875M
OPERATING INCOME	$73M
Interest Income	$2M
Interest Expense	$0
Other Income/Expenses	$2M
INCOME BEFORE TAX	$74M
Income Tax Expense	$28M
Net Income from Continuing Ops	$47M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$47M
Net Income Deductions	-$11.0K
BOTTOM LINE NET INCOME	$47M
D&A	$22M
EBIT	$75M
EBITDA	$96M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$948M
Cost of Revenue	$511M
GROSS PROFIT	$436M
R&D Expenses	$193M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$100M
Other Expenses	$71M
Operating Expenses	$364M
Cost & Expenses	$875M
OPERATING INCOME	$73M
Interest Income	$2M
Interest Expense	$0
Other Income/Expenses	$2M
INCOME BEFORE TAX	$74M
Income Tax Expense	$28M
Net Income from Continuing Ops	$47M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$47M
Net Income Deductions	-$11.0K
BOTTOM LINE NET INCOME	$47M
D&A	$22M
EBIT	$75M
EBITDA	$96M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$47M
Depreciation & Amortization	$22M
Stock-Based Compensation	$33M
Deferred Income Tax	$12M
Other Non-Cash Items	$69M
Change in Working Capital	-$51M
OPERATING CASH FLOW	$132M
Capital Expenditure	-$39M
Acquisitions (Net)	-$20M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$58M
Net Debt Issuance	-$2M
Common Stock Repurchased	-$70M
Common Dividends Paid	$0
Other Financing Activities	$10M
NET CASH FROM FINANCING	$19M
FREE CASH FLOW	$93M
Net Change in Cash	$92M

Balance Sheet

Item	Amount
Cash & Equivalents	$447M
Short-Term Investments	$0
Net Receivables	$195M
Inventory	$82M
Other Current Assets	-$42.0K
TOTAL CURRENT ASSETS	$742M
PP&E (Net)	$81M
Goodwill	$61M
Intangible Assets	$82M
Long-Term Investments	$20M
Tax Assets	$27.0K
Other Non-Current Assets	$34M
TOTAL NON-CURRENT ASSETS	$278M
TOTAL ASSETS	$1.0B
Account Payables	$97M
Short-Term Debt	$0
Deferred Revenue	$39M
Other Current Liabilities	$90M
TOTAL CURRENT LIABILITIES	$254M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$65M
TOTAL NON-CURRENT LIABILITIES	$65M
TOTAL LIABILITIES	$319M
Common Stock	$56.0K
Additional Paid-In Capital	$740M
Retained Earnings	$483M
Treasury Stock	-$530M
Accum. Other Comp. Income	$9M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$701M
Minority Interest	$0
TOTAL EQUITY	$701M
TOTAL LIABILITIES & EQUITY	$1.0B
Total Debt	$0
Net Debt	-$447M