SYNA FY 2022 Earnings Report — Synaptics Incorporated Revenue & Financial Results | Market Cap Arena

Synaptics IncorporatedSYNA

FY 2022 Earnings

Reported August 19, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$1.7B	—	$1.3B	—	29.9%
Op. Income	$350M	—	$147M	—	138.4%
Gross Margin	54.2%	—	45.6%	—	8.6pp
Net Margin	14.8%	—	5.9%	—	8.9pp
EPS (Diluted)	$6.33	—	$2.08	—	204.3%
Free Cash Flow	$402M	—	$298M	—	34.7%

Revenue Flow

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$797M
GROSS PROFIT	$943M
R&D Expenses	$367M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$168M
Other Expenses	$57M
Operating Expenses	$593M
Cost & Expenses	$1.4B
OPERATING INCOME	$350M
Interest Income	$3M
Interest Expense	$30M
Other Income/Expenses	-$28M
INCOME BEFORE TAX	$322M
Income Tax Expense	$65M
Net Income from Continuing Ops	$258M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$258M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$258M
D&A	$148M
EBIT	$351M
EBITDA	$498M
EPS	$7
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$797M
GROSS PROFIT	$943M
R&D Expenses	$367M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$168M
Other Expenses	$57M
Operating Expenses	$593M
Cost & Expenses	$1.4B
OPERATING INCOME	$350M
Interest Income	$3M
Interest Expense	$30M
Other Income/Expenses	-$28M
INCOME BEFORE TAX	$322M
Income Tax Expense	$65M
Net Income from Continuing Ops	$258M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$258M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$258M
D&A	$148M
EBIT	$351M
EBITDA	$498M
EPS	$7
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$258M
Depreciation & Amortization	$148M
Stock-Based Compensation	$101M
Deferred Income Tax	-$30M
Other Non-Cash Items	$6M
Change in Working Capital	-$19M
OPERATING CASH FLOW	$463M
Capital Expenditure	-$61M
Acquisitions (Net)	-$496M
Purchases of Investments	-$6M
Sales/Maturities of Investments	$24M
Other Investing Activities	$26M
NET CASH FROM INVESTING	-$483M
Net Debt Issuance	$80M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$81M
NET CASH FROM FINANCING	$14M
FREE CASH FLOW	$402M
Net Change in Cash	-$12M

Balance Sheet

Item	Amount
Cash & Equivalents	$824M
Short-Term Investments	$52M
Net Receivables	$323M
Inventory	$170M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$124M
Goodwill	$807M
Intangible Assets	$390M
Long-Term Investments	$0
Tax Assets	$4M
Other Non-Current Assets	$130M
TOTAL NON-CURRENT ASSETS	$1.5B
TOTAL ASSETS	$2.9B
Account Payables	$142M
Short-Term Debt	$6M
Deferred Revenue	$89M
Other Current Liabilities	$91M
TOTAL CURRENT LIABILITIES	$463M
Long-Term Debt	$976M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$53M
Other Non-Current Liabilities	$49M
TOTAL NON-CURRENT LIABILITIES	$1.1B
TOTAL LIABILITIES	$1.6B
Common Stock	$100.0K
Additional Paid-In Capital	$924M
Retained Earnings	$1.0B
Treasury Stock	-$695M
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$0
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$2.9B
Total Debt	$1.0B
Net Debt	$217M