$SWKS
SKYWORKS SOLUTIONS, INC.

2016 Q2 Form 10-Q Financial Statement

#000000412716000049 Filed on May 04, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $775.1M $762.1M
YoY Change 1.71% 29.83%
Cost Of Revenue $384.7M $409.9M
YoY Change -6.15% 26.98%
Gross Profit $390.4M $352.2M
YoY Change 10.85% 33.31%
Gross Profit Margin 50.37% 46.21%
Selling, General & Admin $44.00M $47.40M
YoY Change -7.17% 3.49%
% of Gross Profit 11.27% 13.46%
Research & Development $79.80M $75.50M
YoY Change 5.7% 17.6%
% of Gross Profit 20.44% 21.44%
Depreciation & Amortization $62.10M $47.10M
YoY Change 31.85% 58.05%
% of Gross Profit 15.91% 13.37%
Operating Expenses $132.7M $132.3M
YoY Change 0.3% 14.35%
Operating Profit $257.7M $219.9M
YoY Change 17.19% 48.08%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$2.600M $600.0K
YoY Change -533.33%
Pretax Income $255.1M $220.5M
YoY Change 15.69% 48.48%
Income Tax $47.00M $54.00M
% Of Pretax Income 18.42% 24.49%
Net Earnings $208.1M $166.5M
YoY Change 24.98% 49.46%
Net Earnings / Revenue 26.85% 21.85%
Basic Earnings Per Share $1.09 $0.88
Diluted Earnings Per Share $1.08 $0.85
COMMON SHARES
Basic Shares Outstanding 190.2M shares 189.9M shares
Diluted Shares Outstanding 193.3M shares 195.2M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.178B $1.054B
YoY Change 11.7% 18.01%
Cash & Equivalents $1.178B $1.054B
Short-Term Investments
Other Short-Term Assets $77.30M $71.40M
YoY Change 8.26% 62.64%
Inventory $333.7M $276.2M
Prepaid Expenses
Receivables $538.5M $277.1M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.127B $1.679B
YoY Change 26.69% 21.02%
LONG-TERM ASSETS
Property, Plant & Equipment $837.7M $655.8M
YoY Change 27.74% 69.33%
Goodwill $856.7M $851.0M
YoY Change 0.67% 6.31%
Intangibles $37.00M $58.20M
YoY Change -36.43% 25.7%
Long-Term Investments
YoY Change
Other Assets $43.20M $14.70M
YoY Change 193.88% 20.49%
Total Long-Term Assets $1.831B $1.634B
YoY Change 12.05% 25.56%
TOTAL ASSETS
Total Short-Term Assets $2.127B $1.679B
Total Long-Term Assets $1.831B $1.634B
Total Assets $3.958B $3.313B
YoY Change 19.47% 23.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $180.7M $231.0M
YoY Change -21.77% 40.85%
Accrued Expenses $54.60M $57.80M
YoY Change -5.54% -6.47%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $324.7M $298.6M
YoY Change 8.74% 27.17%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $30.40M $102.5M
YoY Change -70.34% 1407.35%
Total Long-Term Liabilities $30.40M $102.5M
YoY Change -70.34% 1407.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $324.7M $298.6M
Total Long-Term Liabilities $30.40M $102.5M
Total Liabilities $414.9M $449.7M
YoY Change -7.74% 49.95%
SHAREHOLDERS EQUITY
Retained Earnings $1.934B $1.107B
YoY Change 74.68% 72.74%
Common Stock $2.670B $2.447B
YoY Change 9.14% 8.55%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.052B $682.3M
YoY Change 54.2% 35.14%
Treasury Stock Shares
Shareholders Equity $3.543B $2.864B
YoY Change
Total Liabilities & Shareholders Equity $3.958B $3.313B
YoY Change 19.47% 23.22%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $208.1M $166.5M
YoY Change 24.98% 49.46%
Depreciation, Depletion And Amortization $62.10M $47.10M
YoY Change 31.85% 58.05%
Cash From Operating Activities $154.5M $155.0M
YoY Change -0.32% -22.11%
INVESTING ACTIVITIES
Capital Expenditures -$37.40M -$84.00M
YoY Change -55.48% 24.44%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$18.10M
YoY Change -100.0%
Cash From Investing Activities -$37.40M -$102.1M
YoY Change -63.37% 51.26%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -172.8M -48.60M
YoY Change 255.56% 35.0%
NET CHANGE
Cash From Operating Activities 154.5M 155.0M
Cash From Investing Activities -37.40M -102.1M
Cash From Financing Activities -172.8M -48.60M
Net Change In Cash -55.70M 4.300M
YoY Change -1395.35% -95.5%
FREE CASH FLOW
Cash From Operating Activities $154.5M $155.0M
Capital Expenditures -$37.40M -$84.00M
Free Cash Flow $191.9M $239.0M
YoY Change -19.71% -10.32%

Facts In Submission

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463900000 USD
CY2016Q2 us-gaap Liabilities Current
LiabilitiesCurrent
324700000 USD
CY2015Q4 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
71000000 USD
CY2016Q2 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
59800000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-100500000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-249000000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-189300000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-116900000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
538200000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
499800000 USD
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
166500000 USD
us-gaap Net Income Loss
NetIncomeLoss
361700000 USD
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
208100000 USD
us-gaap Net Income Loss
NetIncomeLoss
563400000 USD
CY2015Q2 us-gaap Operating Expenses
OperatingExpenses
132300000 USD
us-gaap Operating Expenses
OperatingExpenses
258500000 USD
CY2016Q2 us-gaap Operating Expenses
OperatingExpenses
132700000 USD
us-gaap Operating Expenses
OperatingExpenses
274300000 USD
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
219900000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
466700000 USD
CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
257700000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
588200000 USD
CY2015Q4 us-gaap Other Assets Current
OtherAssetsCurrent
65200000 USD
CY2016Q2 us-gaap Other Assets Current
OtherAssetsCurrent
77300000 USD
CY2015Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
20300000 USD
CY2016Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
43200000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
-800000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
3000000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
300000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
300000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
16800000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
17000000 USD
CY2015Q4 us-gaap Other Inventory Materials Supplies And Merchandise Under Consignment
OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment
7500000 USD
CY2016Q2 us-gaap Other Inventory Materials Supplies And Merchandise Under Consignment
OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment
8400000 USD
CY2015Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
91300000 USD
CY2016Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
89400000 USD
CY2015Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
25300000 USD
CY2016Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
30400000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-700000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-200000 USD
CY2015Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
600000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1300000 USD
CY2016Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2600000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-3400000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
79100000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
135100000 USD
CY2016Q2 us-gaap Payments For Restructuring
PaymentsForRestructuring
0 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
200000 USD
CY2016Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
49800000 USD
CY2016Q2 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
49300000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
99100000 USD
us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
49300000 USD
us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
99400000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
50100000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
72400000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
18100000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
171200000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
116900000 USD
CY2015Q4 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
0
CY2016Q2 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
0
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2016Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2015Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
37300000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
16300000 USD
CY2015Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1585400000 USD
CY2016Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1695700000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
826400000 USD
CY2016Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
837700000 USD
CY2015Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
538000000 USD
CY2016Q2 us-gaap Receivables Net Current
ReceivablesNetCurrent
538500000 USD
CY2015Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
75500000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
144000000 USD
CY2016Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
79800000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
161300000 USD
CY2015Q2 us-gaap Restructuring Charges
RestructuringCharges
1100000 USD
us-gaap Restructuring Charges
RestructuringCharges
2400000 USD
CY2016Q2 us-gaap Restructuring Charges
RestructuringCharges
300000 USD
us-gaap Restructuring Charges
RestructuringCharges
300000 USD
CY2015Q4 us-gaap Restructuring Reserve
RestructuringReserve
400000 USD
CY2016Q1 us-gaap Restructuring Reserve
RestructuringReserve
200000 USD
CY2016Q2 us-gaap Restructuring Reserve
RestructuringReserve
500000 USD
CY2016Q2 us-gaap Restructuring Reserve Settled Without Cash1
RestructuringReserveSettledWithoutCash1
0 USD
us-gaap Restructuring Reserve Settled Without Cash1
RestructuringReserveSettledWithoutCash1
0 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1469200000 USD
CY2016Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1933500000 USD
CY2015Q2 us-gaap Sales Revenue Net
SalesRevenueNet
762100000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
1567600000 USD
CY2016Q2 us-gaap Sales Revenue Net
SalesRevenueNet
775100000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
1701900000 USD
CY2015Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
47400000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
95300000 USD
CY2016Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
44000000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
95700000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
48400000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
40400000 USD
CY2015Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
400000000 USD
CY2016Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
264900000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
3159200000 USD
CY2016Q2 us-gaap Stockholders Equity
StockholdersEquity
3543300000 USD
us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
2600000 USD
CY2016Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
67.55
CY2016Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2000000 shares
CY2015Q4 us-gaap Treasury Stock Value
TreasuryStockValue
844600000 USD
CY2016Q2 us-gaap Treasury Stock Value
TreasuryStockValue
1052100000 USD
CY2016Q2 us-gaap Treasury Stock Value Acquired Par Value Method
TreasuryStockValueAcquiredParValueMethod
135100000 USD
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
195200000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
194700000 shares
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
193300000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
194000000 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
189900000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
189300000 shares
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
190200000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
190300000 shares

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0000004127-16-000049-xbrl.zip Edgar Link pending
ex1012008dltip.htm Edgar Link pending
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