SYNA FY 2021 Earnings Report — Synaptics Incorporated Revenue & Financial Results | Market Cap Arena

Synaptics IncorporatedSYNA

FY 2021 Earnings

Reported August 20, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$1.3B	—	$1.3B	—	0.4%
Op. Income	$147M	—	$69M	—	113.4%
Gross Margin	45.6%	—	40.7%	—	4.9pp
Net Margin	5.9%	—	8.9%	—	-3.0pp
EPS (Diluted)	$2.08	—	$3.41	—	-39.0%
Free Cash Flow	$298M	—	$206M	—	45.1%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$728M
GROSS PROFIT	$611M
R&D Expenses	$313M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$145M
Other Expenses	$6M
Operating Expenses	$464M
Cost & Expenses	$1.2B
OPERATING INCOME	$147M
Interest Income	$3M
Interest Expense	$30M
Other Income/Expenses	-$36M
INCOME BEFORE TAX	$111M
Income Tax Expense	$31M
Net Income from Continuing Ops	$80M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$80M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$80M
D&A	$140M
EBIT	$150M
EBITDA	$290M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$728M
GROSS PROFIT	$611M
R&D Expenses	$313M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$145M
Other Expenses	$6M
Operating Expenses	$464M
Cost & Expenses	$1.2B
OPERATING INCOME	$147M
Interest Income	$3M
Interest Expense	$30M
Other Income/Expenses	-$36M
INCOME BEFORE TAX	$111M
Income Tax Expense	$31M
Net Income from Continuing Ops	$80M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$80M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$80M
D&A	$140M
EBIT	$150M
EBITDA	$290M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$80M
Depreciation & Amortization	$132M
Stock-Based Compensation	$66M
Deferred Income Tax	-$5M
Other Non-Cash Items	$20M
Change in Working Capital	$27M
OPERATING CASH FLOW	$319M
Capital Expenditure	-$21M
Acquisitions (Net)	-$627M
Purchases of Investments	-$5M
Sales/Maturities of Investments	$96M
Other Investing Activities	$34M
NET CASH FROM INVESTING	-$523M
Net Debt Issuance	$281M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$34M
NET CASH FROM FINANCING	$274M
FREE CASH FLOW	$298M
Net Change in Cash	$73M

Balance Sheet

Item	Amount
Cash & Equivalents	$836M
Short-Term Investments	$0
Net Receivables	$228M
Inventory	$82M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$123M
Goodwill	$570M
Intangible Assets	$302M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$53M
TOTAL NON-CURRENT ASSETS	$1.0B
TOTAL ASSETS	$2.2B
Account Payables	$98M
Short-Term Debt	$487M
Deferred Revenue	$43M
Other Current Liabilities	$76M
TOTAL CURRENT LIABILITIES	$787M
Long-Term Debt	$394M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$27M
Other Non-Current Liabilities	$27M
TOTAL NON-CURRENT LIABILITIES	$473M
TOTAL LIABILITIES	$1.3B
Common Stock	$100.0K
Additional Paid-In Capital	$1.4B
Retained Earnings	$781M
Treasury Stock	-$1.2B
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$967M
Minority Interest	$0
TOTAL EQUITY	$967M
TOTAL LIABILITIES & EQUITY	$2.2B
Total Debt	$915M
Net Debt	$79M