2012 Q3 Form 10-Q Financial Statement

#000000412712000028 Filed on August 01, 2012

View on sec.gov

Income Statement

Concept 2012 Q3 2012 Q2 2011 Q3
Revenue $421.1M $389.0M $356.1M
YoY Change 18.26% 19.54% 29.31%
Cost Of Revenue $243.4M $223.7M $199.9M
YoY Change 21.79% 21.29% 27.21%
Gross Profit $177.7M $165.3M $156.2M
YoY Change 13.75% 17.25% 32.1%
Gross Profit Margin 42.2% 42.49% 43.87%
Selling, General & Admin $26.60M $37.50M $35.45M
YoY Change -24.97% 19.19% 20.17%
% of Gross Profit 14.97% 22.69% 22.69%
Research & Development $56.60M $56.10M $43.07M
YoY Change 31.42% 41.6% 23.4%
% of Gross Profit 31.85% 33.94% 27.57%
Depreciation & Amortization $25.90M $25.70M $19.20M
YoY Change 34.9% 61.64% 43.28%
% of Gross Profit 14.58% 15.55% 12.29%
Operating Expenses $91.70M $103.3M $84.00M
YoY Change 9.17% 41.66% 27.46%
Operating Profit $86.00M $62.00M $72.23M
YoY Change 19.07% -8.9% 37.93%
Interest Expense -$100.0K $0.00 $465.0K
YoY Change -121.51% -100.0% -151.67%
% of Operating Profit -0.12% 0.0% 0.64%
Other Income/Expense, Net $0.00 $100.0K -$2.000K
YoY Change -100.0% -187.72%
Pretax Income $74.70M $62.10M $71.76M
YoY Change 4.1% -7.98% 36.17%
Income Tax $13.20M $12.80M $20.21M
% Of Pretax Income 17.67% 20.61% 28.17%
Net Earnings $61.60M $49.30M $64.21M
YoY Change -4.06% -1.32% 84.85%
Net Earnings / Revenue 14.63% 12.67% 18.03%
Basic Earnings Per Share $0.33 $0.26 $0.35
Diluted Earnings Per Share $0.32 $0.26 $0.34
COMMON SHARES
Basic Shares Outstanding 190.8M shares 186.3M shares 183.8M shares
Diluted Shares Outstanding 192.5M shares 191.4M shares

Balance Sheet

Concept 2012 Q3 2012 Q2 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $307.1M $327.1M $309.6M
YoY Change -0.81% -35.07% -19.33%
Cash & Equivalents $307.1M $327.9M $410.8M
Short-Term Investments
Other Short-Term Assets $45.70M $44.73M $29.41M
YoY Change 55.38% 31.18% 9.34%
Inventory $232.9M $209.9M $198.2M
Prepaid Expenses
Receivables $297.6M $246.9M $186.1M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $883.3M $829.5M $816.3M
YoY Change 8.2% -4.92% 19.4%
LONG-TERM ASSETS
Property, Plant & Equipment $279.4M $266.0M $251.4M
YoY Change 11.15% 10.07% 34.06%
Goodwill $800.5M $805.4M $663.0M
YoY Change 20.73%
Intangibles $94.00M $102.5M $86.81M
YoY Change 8.28%
Long-Term Investments
YoY Change
Other Assets $14.20M $13.93M $11.98M
YoY Change 18.55% -78.76% -84.58%
Total Long-Term Assets $1.253B $1.260B $1.074B
YoY Change 16.69% 56.3% 40.49%
TOTAL ASSETS
Total Short-Term Assets $883.3M $829.5M $816.3M
Total Long-Term Assets $1.253B $1.260B $1.074B
Total Assets $2.137B $2.090B $1.890B
YoY Change 13.02% 24.49% 30.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $140.6M $135.6M $115.3M
YoY Change 21.95% 21.18% 12.37%
Accrued Expenses $31.30M $32.70M $28.90M
YoY Change 8.3% -0.61% 0.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $25.70M
YoY Change -100.0% -100.0% -48.6%
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $182.7M $239.6M $247.1M
YoY Change -26.06% 35.81% 29.3%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $6.600M $48.66M $34.20M
YoY Change -80.7% 87.14% 184.98%
Total Long-Term Liabilities $6.600M $48.66M $34.20M
YoY Change -80.7% 87.14% -6.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $182.7M $239.6M $247.1M
Total Long-Term Liabilities $6.600M $48.66M $34.20M
Total Liabilities $231.1M $288.2M $281.3M
YoY Change -17.84% 42.41% 23.65%
SHAREHOLDERS EQUITY
Retained Earnings $100.8M $39.20M -$101.3M
YoY Change -199.53%
Common Stock $1.968B $1.924B $1.843B
YoY Change 6.81%
Preferred Stock
YoY Change
Treasury Stock (at cost) $161.8M $160.1M $130.9M
YoY Change 23.65%
Treasury Stock Shares
Shareholders Equity $1.906B $1.802B $1.609B
YoY Change
Total Liabilities & Shareholders Equity $2.137B $2.090B $1.890B
YoY Change 13.02% 24.49% 30.53%

Cashflow Statement

Concept 2012 Q3 2012 Q2 2011 Q3
OPERATING ACTIVITIES
Net Income $61.60M $49.30M $64.21M
YoY Change -4.06% -1.32% 84.85%
Depreciation, Depletion And Amortization $25.90M $25.70M $19.20M
YoY Change 34.9% 61.64% 43.28%
Cash From Operating Activities $50.30M $40.70M $86.00M
YoY Change -41.51% -55.86% 135.62%
INVESTING ACTIVITIES
Capital Expenditures -$30.70M -$31.20M -$20.10M
YoY Change 52.74% -3.41% -20.55%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 -$245.3M
YoY Change -100.0% -100.0% 4806.0%
Cash From Investing Activities -$30.70M -$31.20M -$265.5M
YoY Change -88.44% -4.59% 776.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -40.40M 11.20M -14.60M
YoY Change 176.71% -296.49% -47.48%
NET CHANGE
Cash From Operating Activities 50.30M 40.70M 86.00M
Cash From Investing Activities -30.70M -31.20M -265.5M
Cash From Financing Activities -40.40M 11.20M -14.60M
Net Change In Cash -20.80M 20.70M -194.1M
YoY Change -89.28% -61.52% 798.61%
FREE CASH FLOW
Cash From Operating Activities $50.30M $40.70M $86.00M
Capital Expenditures -$30.70M -$31.20M -$20.10M
Free Cash Flow $81.00M $71.90M $106.1M
YoY Change -23.66% -42.25% 71.68%

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CY2011Q3 us-gaap Retained Earnings Accumulated Deficit
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us-gaap Sales Revenue Net
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount
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CY2012Q2 us-gaap Stockholders Equity
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CY2011Q3 us-gaap Stockholders Equity
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us-gaap Treasury Stock Acquired Average Cost Per Share
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us-gaap Treasury Stock Shares Acquired
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CY2011Q3 us-gaap Treasury Stock Value
TreasuryStockValue
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CY2012Q2 us-gaap Treasury Stock Value
TreasuryStockValue
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CY2012Q2 us-gaap Unrecognized Tax Benefits
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52100000 USD
CY2012Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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CY2012Q2 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2012Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2012Q2 us-gaap Valuation Allowance Amount
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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swks Contribution Of Common Shares To Savings And Retirement Plans Related Expense
ContributionOfCommonSharesToSavingsAndRetirementPlansRelatedExpense
9202000 USD
swks Contribution Of Common Shares To Savings And Retirement Plans Related Expense
ContributionOfCommonSharesToSavingsAndRetirementPlansRelatedExpense
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swks Convertible Debt Premium Paid Upon Retirement
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DebtOfferingNumberOfTranches
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swks Effective Interest Expense Recognized
EffectiveInterestExpenseRecognized
428000 USD
swks Effective Interest Expense Recognized
EffectiveInterestExpenseRecognized
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CY2012Q2 swks Effective Interest Expense Recognized
EffectiveInterestExpenseRecognized
0 USD
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EffectiveInterestExpenseRecognized
339000 USD
swks Fair Value Adjustment Of Contingent Consideration
FairValueAdjustmentOfContingentConsideration
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swks Fair Value Adjustment Of Contingent Consideration
FairValueAdjustmentOfContingentConsideration
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CY2011Q3 swks Fiscal Period Number Of Weeks In Fiscal Quarter
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P13W
CY2012Q2 swks Fiscal Period Number Of Weeks In Fiscal Quarter
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P13W
CY2011 swks Fiscal Period Number Of Weeks In Fiscal Year
FiscalPeriodNumberOfWeeksInFiscalYear
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CY2012 swks Fiscal Period Number Of Weeks In Fiscal Year
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CY2012Q2 swks Future Taxable Income To Recognize Deferred Tax Assets
FutureTaxableIncomeToRecognizeDeferredTaxAssets
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CY2012Q2 swks Intangible Assets Excluding Goodwill Accumulated Amortization
IntangibleAssetsExcludingGoodwillAccumulatedAmortization
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CY2011Q3 swks Intangible Assets Excluding Goodwill Accumulated Amortization
IntangibleAssetsExcludingGoodwillAccumulatedAmortization
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IntangibleAssetsGrossExcludingGoodwill
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CY2011Q3 swks Intangible Assets Gross Excluding Goodwill
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dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--09-28
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
dei Document Period End Date
DocumentPeriodEndDate
2012-06-29
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000004127
CY2012Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
190841047 shares
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
Skyworks Solutions, Inc.
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes

Files In Submission

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0000004127-12-000028-index.html Edgar Link pending
0000004127-12-000028.txt Edgar Link pending
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Financial_Report.xls Edgar Link pending
q31210qjune292012.htm Edgar Link pending
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report.css Edgar Link pending
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swks-20120629_cal.xml Edgar Link unprocessable
swks-20120629_def.xml Edgar Link unprocessable
swks-20120629_lab.xml Edgar Link unprocessable
swks-20120629_pre.xml Edgar Link unprocessable