$SWKS
SKYWORKS SOLUTIONS, INC.

2015 Q3 Form 10-Q Financial Statement

#000000412715000027 Filed on August 05, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2014 Q2
Revenue $810.0M $587.0M
YoY Change 34.6%
Cost Of Revenue $416.9M $322.8M
YoY Change 30.21%
Gross Profit $393.1M $264.2M
YoY Change 40.38%
Gross Profit Margin 48.53% 45.01%
Selling, General & Admin $48.60M $45.80M
YoY Change 13.65%
% of Gross Profit 12.36% 17.34%
Research & Development $76.80M $64.20M
YoY Change 13.43%
% of Gross Profit 19.54% 24.3%
Depreciation & Amortization $50.30M $29.80M
YoY Change 17.32%
% of Gross Profit 12.8% 11.28%
Operating Expenses $134.3M $115.7M
YoY Change 11.36%
Operating Profit $258.8M $148.5M
YoY Change 76.16%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $600.0K $0.00
YoY Change -100.0%
Pretax Income $259.4M $148.5M
YoY Change 75.74%
Income Tax $52.00M $37.10M
% Of Pretax Income 20.05% 24.98%
Net Earnings $207.4M $111.4M
YoY Change 69.56%
Net Earnings / Revenue 25.6% 18.98%
Basic Earnings Per Share $1.09 $0.59
Diluted Earnings Per Share $1.06 $0.58
COMMON SHARES
Basic Shares Outstanding 190.0M shares 187.5M shares
Diluted Shares Outstanding 195.4M shares 193.2M shares

Balance Sheet

Concept 2015 Q3 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.106B $893.3M
YoY Change 123.16%
Cash & Equivalents $1.106B $893.3M
Short-Term Investments
Other Short-Term Assets $57.70M $43.90M
YoY Change 1.86%
Inventory $272.7M $198.7M
Prepaid Expenses
Receivables $381.7M $251.4M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.818B $1.387B
YoY Change 44.57%
LONG-TERM ASSETS
Property, Plant & Equipment $721.6M $387.3M
YoY Change 25.26%
Goodwill $854.7M $800.5M
YoY Change 0.0%
Intangibles $53.30M $46.30M
YoY Change -35.24%
Long-Term Investments
YoY Change
Other Assets $15.10M $12.20M
YoY Change -5.43%
Total Long-Term Assets $1.700B $1.302B
YoY Change 3.44%
TOTAL ASSETS
Total Short-Term Assets $1.818B $1.387B
Total Long-Term Assets $1.700B $1.302B
Total Assets $3.518B $2.689B
YoY Change 21.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $228.2M $164.0M
YoY Change 42.36%
Accrued Expenses $77.30M $61.80M
YoY Change 78.61%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $319.0M $234.8M
YoY Change 47.67%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $101.8M $6.800M
YoY Change -1.45%
Total Long-Term Liabilities $101.8M $6.800M
YoY Change -1.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $319.0M $234.8M
Total Long-Term Liabilities $101.8M $6.800M
Total Liabilities $476.3M $299.9M
YoY Change 37.7%
SHAREHOLDERS EQUITY
Retained Earnings $1.290B $640.8M
YoY Change 117.44%
Common Stock $2.493B $2.254B
YoY Change 9.91%
Preferred Stock
YoY Change
Treasury Stock (at cost) $732.8M $504.9M
YoY Change 46.9%
Treasury Stock Shares
Shareholders Equity $3.042B $2.389B
YoY Change
Total Liabilities & Shareholders Equity $3.518B $2.689B
YoY Change 21.24%

Cashflow Statement

Concept 2015 Q3 2014 Q2
OPERATING ACTIVITIES
Net Income $207.4M $111.4M
YoY Change 69.56%
Depreciation, Depletion And Amortization $50.30M $29.80M
YoY Change 17.32%
Cash From Operating Activities $221.9M $199.0M
YoY Change 209.49%
INVESTING ACTIVITIES
Capital Expenditures -$108.1M -$67.50M
YoY Change 102.1%
Acquisitions
YoY Change
Other Investing Activities -$6.100M $0.00
YoY Change
Cash From Investing Activities -$114.2M -$67.50M
YoY Change 102.1%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -55.90M -36.00M
YoY Change -59.73%
NET CHANGE
Cash From Operating Activities 221.9M 199.0M
Cash From Investing Activities -114.2M -67.50M
Cash From Financing Activities -55.90M -36.00M
Net Change In Cash 51.80M 95.50M
YoY Change -263.25%
FREE CASH FLOW
Cash From Operating Activities $221.9M $199.0M
Capital Expenditures -$108.1M -$67.50M
Free Cash Flow $330.0M $266.5M
YoY Change 172.77%

Facts In Submission

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760100000 USD
CY2014Q2 us-gaap Net Income Loss
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us-gaap Net Income Loss
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OperatingExpenses
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us-gaap Operating Expenses
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331500000 USD
CY2015Q3 us-gaap Operating Expenses
OperatingExpenses
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us-gaap Operating Expenses
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392800000 USD
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OperatingIncomeLoss
148500000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
367100000 USD
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
258800000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
725500000 USD
CY2014Q4 us-gaap Other Assets Current
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CY2014Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
11900000 USD
CY2015Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
15100000 USD
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OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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25200000 USD
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8200000 USD
CY2015Q3 us-gaap Other Inventory Materials Supplies And Merchandise Under Consignment
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us-gaap Other Noncash Income Expense
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us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2015Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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CY2015Q3 us-gaap Payments For Restructuring
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CY2015Q3 us-gaap Payments Of Dividends Common Stock
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us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
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us-gaap Payments Of Ordinary Dividends
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20900000 USD
us-gaap Payments Of Ordinary Dividends
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73800000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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19700000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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53400000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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0 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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24200000 USD
us-gaap Payments To Acquire Productive Assets
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125700000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
279300000 USD
CY2014Q4 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
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CY2015Q3 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
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CY2014Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2015Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2014Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2015Q3 us-gaap Preferred Stock Value
PreferredStockValue
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us-gaap Proceeds From Stock Options Exercised
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58100000 USD
us-gaap Proceeds From Stock Options Exercised
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46900000 USD
CY2014Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1177100000 USD
CY2015Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1446200000 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
555900000 USD
CY2015Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
721600000 USD
CY2014Q4 us-gaap Receivables Net Current
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317600000 USD
CY2015Q3 us-gaap Receivables Net Current
ReceivablesNetCurrent
381700000 USD
CY2014Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
64200000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
184200000 USD
CY2015Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
76800000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
220800000 USD
CY2014Q2 us-gaap Restructuring Charges
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0 USD
us-gaap Restructuring Charges
RestructuringCharges
0 USD
CY2015Q3 us-gaap Restructuring Charges
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500000 USD
us-gaap Restructuring Charges
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2900000 USD
CY2014Q4 us-gaap Restructuring Reserve
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500000 USD
CY2015Q2 us-gaap Restructuring Reserve
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CY2015Q3 us-gaap Restructuring Reserve
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900000 USD
CY2015Q3 us-gaap Restructuring Reserve Settled Without Cash1
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0 USD
us-gaap Restructuring Reserve Settled Without Cash1
RestructuringReserveSettledWithoutCash1
0 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
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794900000 USD
CY2015Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1289600000 USD
CY2014Q2 us-gaap Sales Revenue Net
SalesRevenueNet
587000000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
1573200000 USD
CY2015Q3 us-gaap Sales Revenue Net
SalesRevenueNet
810000000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
2377600000 USD
CY2014Q2 us-gaap Selling General And Administrative Expense
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45800000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
128800000 USD
CY2015Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
48600000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
143900000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
62400000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
74400000 USD
CY2014Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
300000000 USD
CY2015Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
173700000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
2532400000 USD
CY2015Q3 us-gaap Stockholders Equity
StockholdersEquity
3042000000 USD
CY2015Q3 us-gaap Treasury Stock Acquired Average Cost Per Share
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94.34
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
78.91
CY2015Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
500000 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1600000 shares
CY2014Q4 us-gaap Treasury Stock Value
TreasuryStockValue
553100000 USD
CY2015Q3 us-gaap Treasury Stock Value
TreasuryStockValue
732800000 USD
CY2015Q3 us-gaap Treasury Stock Value Acquired Par Value Method
TreasuryStockValueAcquiredParValueMethod
47200000 USD
us-gaap Treasury Stock Value Acquired Par Value Method
TreasuryStockValueAcquiredParValueMethod
126300000 USD
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
193200000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
192200000 shares
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
195400000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
194900000 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
187500000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
187000000 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
190000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
189500000 shares

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