$SWKS
SKYWORKS SOLUTIONS, INC.

2016 Q1 Form 10-Q Financial Statement

#000000412716000044 Filed on February 03, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q1
Revenue $926.8M $805.5M
YoY Change 15.06% 67.46%
Cost Of Revenue $454.7M $432.5M
YoY Change 5.13% 61.02%
Gross Profit $472.1M $373.0M
YoY Change 26.57% 75.61%
Gross Profit Margin 50.94% 46.31%
Selling, General & Admin $51.70M $47.90M
YoY Change 7.93% 14.32%
% of Gross Profit 10.95% 12.84%
Research & Development $81.50M $68.50M
YoY Change 18.98% 11.2%
% of Gross Profit 17.26% 18.36%
Depreciation & Amortization $51.50M $35.70M
YoY Change 44.26% 27.96%
% of Gross Profit 10.91% 9.57%
Operating Expenses $141.6M $126.2M
YoY Change 12.2% 14.94%
Operating Profit $330.5M $246.8M
YoY Change 33.91% 140.55%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$800.0K $700.0K
YoY Change -214.29% -800.0%
Pretax Income $418.2M $247.5M
YoY Change 68.97% 141.46%
Income Tax $62.90M $52.30M
% Of Pretax Income 15.04% 21.13%
Net Earnings $355.3M $195.2M
YoY Change 82.02% 153.84%
Net Earnings / Revenue 38.34% 24.23%
Basic Earnings Per Share $1.87 $1.03
Diluted Earnings Per Share $1.82 $1.01
COMMON SHARES
Basic Shares Outstanding 190.4M shares 188.7M shares
Diluted Shares Outstanding 194.7M shares 194.2M shares

Balance Sheet

Concept 2016 Q1 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.233B $1.050B
YoY Change 17.46% 31.6%
Cash & Equivalents $1.233B $1.050B
Short-Term Investments
Other Short-Term Assets $52.20M $24.40M
YoY Change 113.93% -36.13%
Inventory $276.4M $273.8M
Prepaid Expenses
Receivables $527.6M $242.3M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.115B $1.590B
YoY Change 32.97% 25.34%
LONG-TERM ASSETS
Property, Plant & Equipment $847.9M $610.4M
YoY Change 38.91% 77.49%
Goodwill $856.7M $851.0M
YoY Change 0.67% 6.31%
Intangibles $36.60M $66.50M
YoY Change -44.96% 27.88%
Long-Term Investments
YoY Change
Other Assets $20.30M $14.50M
YoY Change 40.0% 18.85%
Total Long-Term Assets $1.816B $1.601B
YoY Change 13.44% 26.46%
TOTAL ASSETS
Total Short-Term Assets $2.115B $1.590B
Total Long-Term Assets $1.816B $1.601B
Total Assets $3.931B $3.191B
YoY Change 23.17% 25.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $191.8M $211.0M
YoY Change -9.1% 67.73%
Accrued Expenses $57.40M $54.60M
YoY Change 5.13% 12.35%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $367.9M $332.9M
YoY Change 10.51% 82.11%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $24.60M $102.7M
YoY Change -76.05% 1456.06%
Total Long-Term Liabilities $24.60M $102.7M
YoY Change -76.05% 1456.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $367.9M $332.9M
Total Long-Term Liabilities $24.60M $102.7M
Total Liabilities $447.9M $480.9M
YoY Change -6.86% 97.74%
SHAREHOLDERS EQUITY
Retained Earnings $1.775B $965.3M
YoY Change 83.85% 75.41%
Common Stock $2.633B $2.387B
YoY Change 10.28% 8.29%
Preferred Stock
YoY Change
Treasury Stock (at cost) $916.5M $633.8M
YoY Change 44.6% 37.04%
Treasury Stock Shares
Shareholders Equity $3.483B $2.710B
YoY Change
Total Liabilities & Shareholders Equity $3.931B $3.191B
YoY Change 23.17% 25.9%

Cashflow Statement

Concept 2016 Q1 2015 Q1
OPERATING ACTIVITIES
Net Income $355.3M $195.2M
YoY Change 82.02% 153.84%
Depreciation, Depletion And Amortization $51.50M $35.70M
YoY Change 44.26% 27.96%
Cash From Operating Activities $345.3M $383.2M
YoY Change -9.89% 78.9%
INVESTING ACTIVITIES
Capital Expenditures -$79.50M -$87.20M
YoY Change -8.83% 108.11%
Acquisitions $0.00
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$79.50M -$87.20M
YoY Change -8.83% 108.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $31.00M
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -76.20M -51.90M
YoY Change 46.82% 124.68%
NET CHANGE
Cash From Operating Activities 345.3M 383.2M
Cash From Investing Activities -79.50M -87.20M
Cash From Financing Activities -76.20M -51.90M
Net Change In Cash 189.6M 244.1M
YoY Change -22.33% 63.61%
FREE CASH FLOW
Cash From Operating Activities $345.3M $383.2M
Capital Expenditures -$79.50M -$87.20M
Free Cash Flow $424.8M $470.4M
YoY Change -9.69% 83.68%

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NetIncomeLoss
355300000 USD
CY2015Q1 us-gaap Operating Expenses
OperatingExpenses
126200000 USD
CY2016Q1 us-gaap Operating Expenses
OperatingExpenses
141600000 USD
CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
246800000 USD
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
330500000 USD
CY2015Q4 us-gaap Other Assets Current
OtherAssetsCurrent
65200000 USD
CY2016Q1 us-gaap Other Assets Current
OtherAssetsCurrent
52200000 USD
CY2015Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
20300000 USD
CY2016Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
20300000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
3800000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 USD
CY2015Q1 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
8500000 USD
CY2016Q1 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
8400000 USD
CY2015Q4 us-gaap Other Inventory Materials Supplies And Merchandise Under Consignment
OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment
7500000 USD
CY2016Q1 us-gaap Other Inventory Materials Supplies And Merchandise Under Consignment
OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment
6900000 USD
CY2015Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
91300000 USD
CY2016Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
113900000 USD
CY2015Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
25300000 USD
CY2016Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
24600000 USD
CY2015Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-200000 USD
CY2016Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
0 USD
CY2015Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
700000 USD
CY2016Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-800000 USD
CY2015Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
31000000 USD
CY2016Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2016Q1 us-gaap Payments For Restructuring
PaymentsForRestructuring
200000 USD
CY2015Q1 us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
24600000 USD
CY2016Q1 us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
50200000 USD
CY2015Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
49700000 USD
CY2016Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
71900000 USD
CY2015Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
87200000 USD
CY2016Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
79500000 USD
CY2015Q4 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
0
CY2016Q1 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
0
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2016Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2015Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
24000000 USD
CY2016Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
8600000 USD
CY2015Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1585400000 USD
CY2016Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1619300000 USD
CY2016Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2015Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
826400000 USD
CY2016Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
847900000 USD
CY2015Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
538000000 USD
CY2016Q1 us-gaap Receivables Net Current
ReceivablesNetCurrent
527600000 USD
CY2015Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
68500000 USD
CY2016Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
81500000 USD
CY2015Q1 us-gaap Restructuring Charges
RestructuringCharges
1300000 USD
CY2016Q1 us-gaap Restructuring Charges
RestructuringCharges
0 USD
CY2015Q4 us-gaap Restructuring Reserve
RestructuringReserve
400000 USD
CY2016Q1 us-gaap Restructuring Reserve
RestructuringReserve
200000 USD
CY2016Q1 us-gaap Restructuring Reserve Settled Without Cash1
RestructuringReserveSettledWithoutCash1
0 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1469200000 USD
CY2016Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1774700000 USD
CY2015Q1 us-gaap Sales Revenue Net
SalesRevenueNet
805500000 USD
CY2016Q1 us-gaap Sales Revenue Net
SalesRevenueNet
926800000 USD
CY2015Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
47900000 USD
CY2016Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
51700000 USD
CY2015Q1 us-gaap Share Based Compensation
ShareBasedCompensation
21700000 USD
CY2016Q1 us-gaap Share Based Compensation
ShareBasedCompensation
23300000 USD
CY2015Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
400000000 USD
CY2016Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
400000000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
3159200000 USD
CY2016Q1 us-gaap Stockholders Equity
StockholdersEquity
3482600000 USD
CY2016Q1 us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
2600000 USD
CY2015Q4 us-gaap Treasury Stock Value
TreasuryStockValue
844600000 USD
CY2016Q1 us-gaap Treasury Stock Value
TreasuryStockValue
916500000 USD
CY2015Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
194200000 shares
CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
194700000 shares
CY2015Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
188700000 shares
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
190400000 shares

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0000004127-16-000044-xbrl.zip Edgar Link pending
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swks-20160101.xml Edgar Link completed
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