2013 Q1 Form 10-Q Financial Statement

#000000412713000019 Filed on May 01, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2012 Q1
Revenue $425.2M $364.7M
YoY Change 16.59%
Cost Of Revenue $248.5M $212.4M
YoY Change 17.0%
Gross Profit $176.7M $152.3M
YoY Change 16.02%
Gross Profit Margin 41.56% 41.76%
Selling, General & Admin $39.70M $40.20M
YoY Change -1.24%
% of Gross Profit 22.47% 26.4%
Research & Development $56.30M $53.00M
YoY Change 6.23%
% of Gross Profit 31.86% 34.8%
Depreciation & Amortization $25.70M $27.50M
YoY Change -6.55%
% of Gross Profit 14.54% 18.06%
Operating Expenses $108.0M $108.5M
YoY Change -0.46%
Operating Profit $68.70M $43.80M
YoY Change 56.85%
Interest Expense $0.00 $100.0K
YoY Change -100.0%
% of Operating Profit 0.0% 0.23%
Other Income/Expense, Net -$1.400M -$300.0K
YoY Change 366.67%
Pretax Income $67.30M $43.40M
YoY Change 55.07%
Income Tax $5.600M $9.400M
% Of Pretax Income 8.32% 21.66%
Net Earnings $61.70M $34.00M
YoY Change 81.47%
Net Earnings / Revenue 14.51% 9.32%
Basic Earnings Per Share $0.33 $0.18
Diluted Earnings Per Share $0.32 $0.18
COMMON SHARES
Basic Shares Outstanding 188.7M shares 185.2M shares
Diluted Shares Outstanding 193.1M shares 191.0M shares

Balance Sheet

Concept 2013 Q1 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $458.8M $306.5M
YoY Change 49.69%
Cash & Equivalents $458.8M $307.4M
Short-Term Investments
Other Short-Term Assets $43.50M $36.95M
YoY Change 17.73%
Inventory $226.8M $196.6M
Prepaid Expenses
Receivables $234.6M $211.5M
Other Receivables $0.00 $0.00
Total Short-Term Assets $963.7M $752.3M
YoY Change 28.1%
LONG-TERM ASSETS
Property, Plant & Equipment $294.3M $252.3M
YoY Change 16.64%
Goodwill $800.5M $802.8M
YoY Change -0.29%
Intangibles $78.50M $111.1M
YoY Change -29.34%
Long-Term Investments
YoY Change
Other Assets $13.40M $13.17M
YoY Change 1.77%
Total Long-Term Assets $1.253B $1.255B
YoY Change -0.14%
TOTAL ASSETS
Total Short-Term Assets $963.7M $752.3M
Total Long-Term Assets $1.253B $1.255B
Total Assets $2.217B $2.007B
YoY Change 10.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $111.5M $136.7M
YoY Change -18.42%
Accrued Expenses $35.50M $31.40M
YoY Change 13.06%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $162.6M $242.6M
YoY Change -32.99%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $6.700M $44.44M
YoY Change -84.92%
Total Long-Term Liabilities $6.700M $44.44M
YoY Change -84.92%
TOTAL LIABILITIES
Total Short-Term Liabilities $162.6M $242.6M
Total Long-Term Liabilities $6.700M $44.44M
Total Liabilities $216.9M $287.1M
YoY Change -24.45%
SHAREHOLDERS EQUITY
Retained Earnings $229.0M -$10.12M
YoY Change -2363.74%
Common Stock $2.023B $1.890B
YoY Change 7.01%
Preferred Stock
YoY Change
Treasury Stock (at cost) $250.3M $158.8M
YoY Change 57.65%
Treasury Stock Shares
Shareholders Equity $2.000B $1.720B
YoY Change
Total Liabilities & Shareholders Equity $2.217B $2.007B
YoY Change 10.44%

Cashflow Statement

Concept 2013 Q1 2012 Q1
OPERATING ACTIVITIES
Net Income $61.70M $34.00M
YoY Change 81.47%
Depreciation, Depletion And Amortization $25.70M $27.50M
YoY Change -6.55%
Cash From Operating Activities $130.2M $117.0M
YoY Change 11.28%
INVESTING ACTIVITIES
Capital Expenditures -$25.60M -$25.80M
YoY Change -0.78%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$208.7M
YoY Change -100.0%
Cash From Investing Activities -$25.60M -$234.5M
YoY Change -89.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $30.90M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -24.20M -21.60M
YoY Change 12.04%
NET CHANGE
Cash From Operating Activities 130.2M 117.0M
Cash From Investing Activities -25.60M -234.5M
Cash From Financing Activities -24.20M -21.60M
Net Change In Cash 80.40M -139.1M
YoY Change -157.8%
FREE CASH FLOW
Cash From Operating Activities $130.2M $117.0M
Capital Expenditures -$25.60M -$25.80M
Free Cash Flow $155.8M $142.8M
YoY Change 9.1%

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CY2013Q1 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
0
CY2012Q3 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
0
CY2012Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2013Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2013Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2012Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2012Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2013Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
800000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
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20900000 USD
us-gaap Proceeds From Stock Options Exercised
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us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
8000000 USD
CY2013Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
799500000 USD
CY2012Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
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CY2013Q1 us-gaap Property Plant And Equipment Net
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294300000 USD
CY2012Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
279400000 USD
CY2013Q1 us-gaap Receivables Net Current
ReceivablesNetCurrent
234600000 USD
CY2012Q3 us-gaap Receivables Net Current
ReceivablesNetCurrent
297600000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
48100000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
0 USD
CY2013Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
56300000 USD
CY2012Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
53000000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
114400000 USD
us-gaap Research And Development Expense
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us-gaap Restructuring Charges
RestructuringCharges
6600000 USD
us-gaap Restructuring Charges
RestructuringCharges
6400000 USD
CY2013Q1 us-gaap Restructuring Charges
RestructuringCharges
4800000 USD
CY2012Q1 us-gaap Restructuring Charges
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CY2013Q1 us-gaap Restructuring Reserve
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CY2012Q3 us-gaap Restructuring Reserve
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CY2012Q4 us-gaap Restructuring Reserve
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us-gaap Restructuring Reserve Settled With Cash
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CY2013Q1 us-gaap Restructuring Reserve Settled With Cash
RestructuringReserveSettledWithCash
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us-gaap Restructuring Reserve Settled Without Cash
RestructuringReserveSettledWithoutCash
0 USD
CY2013Q1 us-gaap Restructuring Reserve Settled Without Cash
RestructuringReserveSettledWithoutCash
0 USD
CY2013Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
229000000 USD
CY2012Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
100800000 USD
CY2012Q1 us-gaap Sales Revenue Net
SalesRevenueNet
364700000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
878900000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
758400000 USD
CY2013Q1 us-gaap Sales Revenue Net
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425200000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
77800000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
83200000 USD
CY2013Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
39700000 USD
CY2012Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
40200000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
35100000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
36000000 USD
us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount
127500000 USD
CY2013Q1 us-gaap Stockholders Equity
StockholdersEquity
2000000000 USD
CY2012Q3 us-gaap Stockholders Equity
StockholdersEquity
1905500000 USD
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
21.91
CY2013Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
21.89
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
3300000 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
800000 shares
CY2013Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1400000 shares
CY2012Q3 us-gaap Treasury Stock Value
TreasuryStockValue
161800000 USD
CY2013Q1 us-gaap Treasury Stock Value
TreasuryStockValue
250300000 USD
CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
193100000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
193600000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
190300000 shares
CY2012Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
191000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
184600000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
189100000 shares
CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
188700000 shares
CY2012Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
185200000 shares
swks Contribution Of Common Shares To Savings And Retirement Plans Related Expense
ContributionOfCommonSharesToSavingsAndRetirementPlansRelatedExpense
8000000 USD
swks Contribution Of Common Shares To Savings And Retirement Plans Related Expense
ContributionOfCommonSharesToSavingsAndRetirementPlansRelatedExpense
8700000 USD
CY2012Q1 swks Fiscal Period Number Of Weeks In Fiscal Quarter
FiscalPeriodNumberOfWeeksInFiscalQuarter
P13W
CY2013Q1 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
CY2012Q3 swks Intangible Assets Excluding Goodwill Accumulated Amortization
IntangibleAssetsExcludingGoodwillAccumulatedAmortization
81700000 USD
CY2013Q1 swks Intangible Assets Excluding Goodwill Accumulated Amortization
IntangibleAssetsExcludingGoodwillAccumulatedAmortization
96700000 USD
CY2012Q3 swks Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
175700000 USD
CY2013Q1 swks Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
175200000 USD
CY2012Q4 swks Stock Repurchase Authorized Dollar Amount
StockRepurchaseAuthorizedDollarAmount
200000000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--09-27
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Period End Date
DocumentPeriodEndDate
2013-03-29
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000004127
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2013Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
191193425 shares
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

Name View Source Status
0000004127-13-000019-index-headers.html Edgar Link pending
0000004127-13-000019-index.html Edgar Link pending
0000004127-13-000019.txt Edgar Link pending
0000004127-13-000019-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
q21310qmar292013.htm Edgar Link pending
q213exhibit10a-directorcas.htm Edgar Link pending
q213exhibit10bdirectorplan.htm Edgar Link pending
q213exhibit311.htm Edgar Link pending
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report.css Edgar Link pending
Show.js Edgar Link pending
swks-20130329.xml Edgar Link completed
swks-20130329.xsd Edgar Link pending
swks-20130329_cal.xml Edgar Link unprocessable
swks-20130329_def.xml Edgar Link unprocessable
swks-20130329_lab.xml Edgar Link unprocessable
swks-20130329_pre.xml Edgar Link unprocessable