SYNA FY 2020 Earnings Report — Synaptics Incorporated Revenue & Financial Results | Market Cap Arena

Synaptics IncorporatedSYNA

FY 2020 Earnings

Reported August 21, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$1.3B	—	$1.5B	—	-9.4%
Op. Income	$69M	—	-$6M	—	1193.7%
Gross Margin	40.7%	—	33.8%	—	6.9pp
Net Margin	8.9%	—	-1.6%	—	10.5pp
EPS (Diluted)	$3.41	—	$-0.66	—	616.7%
Free Cash Flow	$206M	—	$131M	—	57.5%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$791M
GROSS PROFIT	$543M
R&D Expenses	$303M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$127M
Other Expenses	$45M
Operating Expenses	$474M
Cost & Expenses	$1.3B
OPERATING INCOME	$69M
Interest Income	$8M
Interest Expense	$23M
Other Income/Expenses	$91M
INCOME BEFORE TAX	$159M
Income Tax Expense	$39M
Net Income from Continuing Ops	$121M
Net Income from Discontinued Ops	$0
Other Adjustments	-$2M
NET INCOME	$119M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$119M
D&A	$78M
EBIT	$182M
EBITDA	$260M
EPS	$4
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$791M
GROSS PROFIT	$543M
R&D Expenses	$303M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$127M
Other Expenses	$45M
Operating Expenses	$474M
Cost & Expenses	$1.3B
OPERATING INCOME	$69M
Interest Income	$8M
Interest Expense	$23M
Other Income/Expenses	$91M
INCOME BEFORE TAX	$159M
Income Tax Expense	$39M
Net Income from Continuing Ops	$121M
Net Income from Discontinued Ops	$0
Other Adjustments	-$2M
NET INCOME	$119M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$119M
D&A	$78M
EBIT	$182M
EBITDA	$260M
EPS	$4
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$119M
Depreciation & Amortization	$78M
Stock-Based Compensation	$49M
Deferred Income Tax	$3M
Other Non-Cash Items	-$79M
Change in Working Capital	$52M
OPERATING CASH FLOW	$222M
Capital Expenditure	-$16M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$136M
NET CASH FROM INVESTING	$120M
Net Debt Issuance	$100M
Common Stock Repurchased	-$30M
Common Dividends Paid	$0
Other Financing Activities	-$10M
NET CASH FROM FINANCING	$94M
FREE CASH FLOW	$206M
Net Change in Cash	$436M

Balance Sheet

Item	Amount
Cash & Equivalents	$763M
Short-Term Investments	$0
Net Receivables	$195M
Inventory	$102M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$84M
Goodwill	$361M
Intangible Assets	$93M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$78M
TOTAL NON-CURRENT ASSETS	$616M
TOTAL ASSETS	$1.7B
Account Payables	$61M
Short-Term Debt	$0
Deferred Revenue	$29M
Other Current Liabilities	$63M
TOTAL CURRENT LIABILITIES	$244M
Long-Term Debt	$587M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$29M
TOTAL NON-CURRENT LIABILITIES	$631M
TOTAL LIABILITIES	$875M
Common Stock	$100.0K
Additional Paid-In Capital	$1.3B
Retained Earnings	$701M
Treasury Stock	-$1.2B
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$819M
Minority Interest	$0
TOTAL EQUITY	$819M
TOTAL LIABILITIES & EQUITY	$1.7B
Total Debt	$601M
Net Debt	-$162M