SYNA FY 2017 Earnings Report — Synaptics Incorporated Revenue & Financial Results | Market Cap Arena

Synaptics IncorporatedSYNA

FY 2017 Earnings

Reported August 18, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$1.7B	—	$1.7B	—	3.1%
Op. Income	$65M	—	$75M	—	-14.0%
Gross Margin	30.5%	—	34.9%	—	-4.4pp
Net Margin	2.8%	—	4.3%	—	-1.5pp
EPS (Diluted)	$1.37	—	$1.91	—	-28.3%
Free Cash Flow	$122M	—	$223M	—	-45.6%

Revenue Flow

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$1.2B
GROSS PROFIT	$524M
R&D Expenses	$292M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$138M
Other Expenses	$29M
Operating Expenses	$459M
Cost & Expenses	$1.7B
OPERATING INCOME	$65M
Interest Income	$700.0K
Interest Expense	$6M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$61M
Income Tax Expense	$12M
Net Income from Continuing Ops	$49M
Net Income from Discontinued Ops	$0
Other Adjustments	-$300.0K
NET INCOME	$49M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$49M
D&A	$93M
EBIT	$67M
EBITDA	$160M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$1.2B
GROSS PROFIT	$524M
R&D Expenses	$292M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$138M
Other Expenses	$29M
Operating Expenses	$459M
Cost & Expenses	$1.7B
OPERATING INCOME	$65M
Interest Income	$700.0K
Interest Expense	$6M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$61M
Income Tax Expense	$12M
Net Income from Continuing Ops	$49M
Net Income from Discontinued Ops	$0
Other Adjustments	-$300.0K
NET INCOME	$49M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$49M
D&A	$93M
EBIT	$67M
EBITDA	$160M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$49M
Depreciation & Amortization	$93M
Stock-Based Compensation	$62M
Deferred Income Tax	-$17M
Other Non-Cash Items	-$900.0K
Change in Working Capital	-$32M
OPERATING CASH FLOW	$153M
Capital Expenditure	-$31M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$8M
Other Investing Activities	-$18M
NET CASH FROM INVESTING	-$42M
Net Debt Issuance	-$24M
Common Stock Repurchased	-$88M
Common Dividends Paid	$0
Other Financing Activities	-$7M
NET CASH FROM FINANCING	-$94M
FREE CASH FLOW	$122M
Net Change in Cash	$16M

Balance Sheet

Item	Amount
Cash & Equivalents	$368M
Short-Term Investments	$0
Net Receivables	$255M
Inventory	$131M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$792M
PP&E (Net)	$114M
Goodwill	$207M
Intangible Assets	$101M
Long-Term Investments	$2M
Tax Assets	$0
Other Non-Current Assets	$52M
TOTAL NON-CURRENT ASSETS	$475M
TOTAL ASSETS	$1.3B
Account Payables	$136M
Short-Term Debt	$15M
Deferred Revenue	$35M
Other Current Liabilities	$45M
TOTAL CURRENT LIABILITIES	$310M
Long-Term Debt	$202M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$14M
TOTAL NON-CURRENT LIABILITIES	$216M
TOTAL LIABILITIES	$527M
Common Stock	$100.0K
Additional Paid-In Capital	$1.0B
Retained Earnings	$714M
Treasury Stock	-$980M
Accum. Other Comp. Income	$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$740M
Minority Interest	$0
TOTAL EQUITY	$740M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$217M
Net Debt	-$151M