2012 Q4 Form 10-Q Financial Statement

#000000412713000006 Filed on January 31, 2013

View on sec.gov

Income Statement

Concept 2012 Q4 2011 Q4
Revenue $453.7M $393.8M
YoY Change 15.21% 17.51%
Cost Of Revenue $261.1M $221.9M
YoY Change 17.67% 18.92%
Gross Profit $192.6M $171.8M
YoY Change 12.11% 15.66%
Gross Profit Margin 42.45% 43.63%
Selling, General & Admin $38.10M $42.91M
YoY Change -11.21% 40.2%
% of Gross Profit 19.78% 24.98%
Research & Development $58.10M $46.94M
YoY Change 23.77% 21.79%
% of Gross Profit 30.17% 27.32%
Depreciation & Amortization $18.50M $17.27M
YoY Change 7.1% 27.12%
% of Gross Profit 9.61% 10.05%
Operating Expenses $106.0M $96.88M
YoY Change 9.41% 36.08%
Operating Profit $86.60M $74.97M
YoY Change 15.52% -3.07%
Interest Expense $11.00K $481.0K
YoY Change -97.71% -10.43%
% of Operating Profit 0.01% 0.64%
Other Income/Expense, Net $200.0K $175.0K
YoY Change 14.29% -353.62%
Pretax Income $86.80M $74.66M
YoY Change 16.26% -2.7%
Income Tax $20.30M $17.54M
% Of Pretax Income 23.39% 23.49%
Net Earnings $66.50M $57.10M
YoY Change 16.46% -6.19%
Net Earnings / Revenue 14.66% 14.5%
Basic Earnings Per Share $0.35 $0.31
Diluted Earnings Per Share $0.34 $0.30
COMMON SHARES
Basic Shares Outstanding 189.4M shares 184.0M shares
Diluted Shares Outstanding 194.0M shares 189.7M shares

Balance Sheet

Concept 2012 Q4 2011 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $377.5M $445.6M
YoY Change -15.28% -1.7%
Cash & Equivalents $377.5M $445.6M
Short-Term Investments
Other Short-Term Assets $39.52M $33.31M
YoY Change 18.61% 10.35%
Inventory $229.5M $177.5M
Prepaid Expenses
Receivables $252.1M $199.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $899.6M $856.3M
YoY Change 5.05% 8.42%
LONG-TERM ASSETS
Property, Plant & Equipment $287.3M $240.4M
YoY Change 19.49% 17.63%
Goodwill $800.5M $664.0M
YoY Change 20.56% 36.75%
Intangibles $85.85M $80.20M
YoY Change 7.05% 541.15%
Long-Term Investments
YoY Change
Other Assets $14.39M $13.06M
YoY Change 10.18% 17.03%
Total Long-Term Assets $1.252B $1.058B
YoY Change 18.26% 36.7%
TOTAL ASSETS
Total Short-Term Assets $899.6M $856.3M
Total Long-Term Assets $1.252B $1.058B
Total Assets $2.151B $1.915B
YoY Change 12.35% 22.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $111.4M $96.03M
YoY Change 15.97% -14.23%
Accrued Expenses $30.80M $28.10M
YoY Change 9.61% -21.29%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $17.10M
YoY Change -100.0% -65.8%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $155.7M $212.5M
YoY Change -26.74% 4.0%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $6.801M $38.47M
YoY Change -82.32% 109.18%
Total Long-Term Liabilities $6.801M $38.47M
YoY Change -82.32% 109.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $155.7M $212.5M
Total Long-Term Liabilities $6.801M $38.47M
Total Liabilities $207.1M $251.0M
YoY Change -17.46% 1.42%
SHAREHOLDERS EQUITY
Retained Earnings $167.3M -$44.15M
YoY Change -478.93% -86.53%
Common Stock $1.997B $1.868B
YoY Change 6.92% 10.75%
Preferred Stock
YoY Change
Treasury Stock (at cost) $218.7M $158.6M
YoY Change 37.89% 289.53%
Treasury Stock Shares
Shareholders Equity $1.944B $1.664B
YoY Change
Total Liabilities & Shareholders Equity $2.151B $1.915B
YoY Change 12.35% 22.41%

Cashflow Statement

Concept 2012 Q4 2011 Q4
OPERATING ACTIVITIES
Net Income $66.50M $57.10M
YoY Change 16.46% -6.19%
Depreciation, Depletion And Amortization $18.50M $17.27M
YoY Change 7.1% 27.12%
Cash From Operating Activities $147.7M $77.23M
YoY Change 91.22% 19.14%
INVESTING ACTIVITIES
Capital Expenditures -$26.40M -$6.400M
YoY Change 312.5% -78.16%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $800.0K $0.00
YoY Change -100.0%
Cash From Investing Activities -$25.62M -$6.424M
YoY Change 298.75% -82.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $41.70M $12.41M
YoY Change 236.15% -31.89%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$50.82M -$35.26M
YoY Change 44.13% 13.54%
NET CHANGE
Cash From Operating Activities $147.7M $77.23M
Cash From Investing Activities -$25.62M -$6.424M
Cash From Financing Activities -$50.82M -$35.26M
Net Change In Cash $71.25M $35.55M
YoY Change 100.41% -1209.87%
FREE CASH FLOW
Cash From Operating Activities $147.7M $77.23M
Capital Expenditures -$26.40M -$6.400M
Free Cash Flow $174.1M $83.63M
YoY Change 108.15% -11.15%

Facts In Submission

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CY2011Q4 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
46941000 USD
CY2012Q4 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
58054000 USD
CY2012Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
817000 USD
CY2012Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
817000 USD
CY2012Q4 us-gaap Restructuring Charges
RestructuringCharges
1644000 USD
CY2011Q4 us-gaap Restructuring Charges
RestructuringCharges
720000 USD
CY2012Q3 us-gaap Restructuring Reserve
RestructuringReserve
1728000 USD
CY2012Q4 us-gaap Restructuring Reserve
RestructuringReserve
2302000 USD
CY2012Q4 us-gaap Restructuring Reserve Accrual Adjustment
RestructuringReserveAccrualAdjustment
0 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
167295000 USD
CY2012Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
100803000 USD
CY2011Q4 us-gaap Sales Revenue Net
SalesRevenueNet
393740000 USD
CY2012Q4 us-gaap Sales Revenue Net
SalesRevenueNet
453723000 USD
CY2012Q4 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
21.93
CY2012Q4 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1900000 shares
CY2011Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
42909000 USD
CY2012Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
38128000 USD
CY2012Q4 us-gaap Share Based Compensation
ShareBasedCompensation
17696000 USD
CY2011Q4 us-gaap Share Based Compensation
ShareBasedCompensation
15750000 USD
CY2012Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount
158300000 USD
CY2012Q3 us-gaap Stockholders Equity
StockholdersEquity
1905475000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
1943969000 USD
CY2012Q4 us-gaap Treasury Stock Value
TreasuryStockValue
218720000 USD
CY2012Q3 us-gaap Treasury Stock Value
TreasuryStockValue
161839000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
55900000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
300000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
3600000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
42600000 USD
CY2012Q4 us-gaap Valuation Allowance Amount
ValuationAllowanceAmount
46800000 USD
CY2011Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
189682000 shares
CY2012Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
194001000 shares
CY2011Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
183956000 shares
CY2012Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
189377000 shares
CY2011Q4 swks Contribution Of Common Shares To Savings And Retirement Plans Related Expense
ContributionOfCommonSharesToSavingsAndRetirementPlansRelatedExpense
1011000 USD
CY2012Q4 swks Contribution Of Common Shares To Savings And Retirement Plans Related Expense
ContributionOfCommonSharesToSavingsAndRetirementPlansRelatedExpense
1223000 USD
CY2011Q4 swks Fiscal Period Number Of Weeks In Fiscal Quarter
FiscalPeriodNumberOfWeeksInFiscalQuarter
P13W
CY2012Q4 swks Fiscal Period Number Of Weeks In Fiscal Quarter
FiscalPeriodNumberOfWeeksInFiscalQuarter
P13W
CY2013 swks Fiscal Period Number Of Weeks In Fiscal Year
FiscalPeriodNumberOfWeeksInFiscalYear
P52W
CY2012 swks Fiscal Period Number Of Weeks In Fiscal Year
FiscalPeriodNumberOfWeeksInFiscalYear
P52W
CY2012Q4 swks Future Taxable Income To Recognize Deferred Tax Assets
FutureTaxableIncomeToRecognizeDeferredTaxAssets
208700000 USD
CY2012Q3 swks Intangible Assets Excluding Goodwill Accumulated Amortization
IntangibleAssetsExcludingGoodwillAccumulatedAmortization
81685000 USD
CY2012Q4 swks Intangible Assets Excluding Goodwill Accumulated Amortization
IntangibleAssetsExcludingGoodwillAccumulatedAmortization
89841000 USD
CY2012Q3 swks Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
175695000 USD
CY2012Q4 swks Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
175695000 USD
CY2012Q4 swks Stock Repurchase Authorized Dollar Amount
StockRepurchaseAuthorizedDollarAmount
200000000 USD
CY2012Q4 dei Amendment Flag
AmendmentFlag
false
CY2012Q4 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--09-27
CY2012Q4 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2012Q4 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2012Q4 dei Document Period End Date
DocumentPeriodEndDate
2012-12-28
CY2012Q4 dei Document Type
DocumentType
10-Q
CY2012Q4 dei Entity Central Index Key
EntityCentralIndexKey
0000004127
CY2013Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
191983618 shares
CY2012Q4 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2012Q4 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2012Q4 dei Entity Registrant Name
EntityRegistrantName
Skyworks Solutions, Inc.
CY2012Q4 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2012Q4 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes

Files In Submission

Name View Source Status
0000004127-13-000006-index-headers.html Edgar Link pending
0000004127-13-000006-index.html Edgar Link pending
0000004127-13-000006.txt Edgar Link pending
0000004127-13-000006-xbrl.zip Edgar Link pending
a2005long-termincentivepla.htm Edgar Link pending
a2005long-termincentiveupd.htm Edgar Link pending
amendednon-qualifiedespppl.htm Edgar Link pending
amendedqualifiedesppplanex.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
fy13eipfirsthalfex10a.htm Edgar Link pending
q11310qdec282012.htm Edgar Link pending
q113exhibit311.htm Edgar Link pending
q113exhibit312.htm Edgar Link pending
q113exhibit321.htm Edgar Link pending
q113exhibit322.htm Edgar Link pending
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report.css Edgar Link pending
Show.js Edgar Link pending
swks-20121228.xml Edgar Link completed
swks-20121228.xsd Edgar Link pending
swks-20121228_cal.xml Edgar Link unprocessable
swks-20121228_def.xml Edgar Link unprocessable
swks-20121228_lab.xml Edgar Link unprocessable
swks-20121228_pre.xml Edgar Link unprocessable
swks.jpg Edgar Link pending