$SWKS
SKYWORKS SOLUTIONS, INC.

2023 Q3 Form 10-Q Financial Statement

#000000412723000025 Filed on August 08, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $1.219B $1.071B
YoY Change -1.12% -19.8%
Cost Of Revenue $740.7M $607.1M
YoY Change 14.08% -13.02%
Gross Profit $478.1M $464.1M
YoY Change -18.04% -27.21%
Gross Profit Margin 39.23% 43.33%
Selling, General & Admin $73.30M $77.20M
YoY Change -4.81% -6.99%
% of Gross Profit 15.33% 16.63%
Research & Development $146.8M $148.0M
YoY Change -6.2% -7.9%
% of Gross Profit 30.7% 31.89%
Depreciation & Amortization $143.2M $148.7M
YoY Change -12.04% -9.55%
% of Gross Profit 29.95% 32.04%
Operating Expenses $223.8M $229.0M
YoY Change -13.09% -15.28%
Operating Profit $254.3M $235.1M
YoY Change -21.95% -35.99%
Interest Expense -$12.40M -$16.20M
YoY Change -209.73% -242.11%
% of Operating Profit -4.88% -6.89%
Other Income/Expense, Net $4.600M $7.600M
YoY Change -1250.0% -522.22%
Pretax Income $246.2M $222.1M
YoY Change -21.62% -37.28%
Income Tax $1.400M $26.30M
% Of Pretax Income 0.57% 11.84%
Net Earnings $244.8M $195.8M
YoY Change -8.42% -35.97%
Net Earnings / Revenue 20.09% 18.28%
Basic Earnings Per Share $1.23
Diluted Earnings Per Share $1.52 $1.22
COMMON SHARES
Basic Shares Outstanding 159.4M shares 159.2M shares
Diluted Shares Outstanding 160.0M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $734.4M $736.5M
YoY Change 11.41% -4.94%
Cash & Equivalents $718.8M $721.6M
Short-Term Investments $15.60M $14.90M
Other Short-Term Assets $461.1M $426.0M
YoY Change 27.66% 55.25%
Inventory $1.120B $1.236B
Prepaid Expenses $306.0M $295.0M
Receivables $864.3M $726.8M
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.180B $3.125B
YoY Change 9.34% 12.59%
LONG-TERM ASSETS
Property, Plant & Equipment $1.390B $1.631B
YoY Change -13.52% 3.35%
Goodwill $2.177B $2.177B
YoY Change 0.0% 0.0%
Intangibles $1.222B $1.270B
YoY Change -20.74% -18.91%
Long-Term Investments $4.100M $3.000M
YoY Change 36.67% -11.76%
Other Assets $56.50M $258.7M
YoY Change -61.8% 168.92%
Total Long-Term Assets $5.247B $5.339B
YoY Change -9.32% -6.92%
TOTAL ASSETS
Total Short-Term Assets $3.180B $3.125B
Total Long-Term Assets $5.247B $5.339B
Total Assets $8.427B $8.464B
YoY Change -3.08% -0.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $159.2M $160.1M
YoY Change -50.23% -45.97%
Accrued Expenses $393.5M $421.2M
YoY Change 30.08% 44.1%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $299.4M $150.0M
YoY Change -39.98%
Total Short-Term Liabilities $955.7M $816.9M
YoY Change -22.05% 17.27%
LONG-TERM LIABILITIES
Long-Term Debt $992.9M $1.342B
YoY Change -41.23% -38.66%
Other Long-Term Liabilities $43.90M $427.7M
YoY Change -34.67% 1284.14%
Total Long-Term Liabilities $43.90M $1.769B
YoY Change -34.67% 5625.89%
TOTAL LIABILITIES
Total Short-Term Liabilities $955.7M $816.9M
Total Long-Term Liabilities $43.90M $1.769B
Total Liabilities $2.344B $2.586B
YoY Change -31.06% -22.17%
SHAREHOLDERS EQUITY
Retained Earnings $5.876B $5.740B
YoY Change -0.15% 0.56%
Common Stock $212.3M $143.8M
YoY Change -31.0% -44.37%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.083B $5.878B
YoY Change
Total Liabilities & Shareholders Equity $8.427B $8.464B
YoY Change -3.08% -0.56%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $244.8M $195.8M
YoY Change -8.42% -35.97%
Depreciation, Depletion And Amortization $143.2M $148.7M
YoY Change -12.04% -9.55%
Cash From Operating Activities $365.5M $305.8M
YoY Change 70.95% -22.15%
INVESTING ACTIVITIES
Capital Expenditures $77.10M $35.00M
YoY Change -160.47% -125.95%
Acquisitions
YoY Change
Other Investing Activities -$1.100M $218.0M
YoY Change -101.0% 1078.38%
Cash From Investing Activities -$78.20M $183.0M
YoY Change 354.65% -257.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -290.1M -599.8M
YoY Change 38.14% 20.83%
NET CHANGE
Cash From Operating Activities 365.5M 305.8M
Cash From Investing Activities -78.20M 183.0M
Cash From Financing Activities -290.1M -599.8M
Net Change In Cash -2.800M -111.0M
YoY Change -79.1% -49.55%
FREE CASH FLOW
Cash From Operating Activities $365.5M $305.8M
Capital Expenditures $77.10M $35.00M
Free Cash Flow $288.4M $270.8M
YoY Change -15.5% -48.68%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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OperatingLeaseLiabilityCurrent
27800000 usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
18500000 usd
CY2023Q2 swks Other Miscellaneous Current Liabilities
OtherMiscellaneousCurrentLiabilities
45800000 usd
CY2022Q3 swks Other Miscellaneous Current Liabilities
OtherMiscellaneousCurrentLiabilities
45000000.0 usd
CY2023Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
418700000 usd
CY2022Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
339200000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1071200000 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1232600000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3553600000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4078600000 usd
CY2023Q2 us-gaap Gross Profit
GrossProfit
464100000 usd
CY2022Q3 us-gaap Gross Profit
GrossProfit
583300000 usd
us-gaap Gross Profit
GrossProfit
1935700000 usd
CY2023Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
148000000.0 usd
CY2022Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
156500000 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
460000000.0 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
468400000 usd
CY2023Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
77200000 usd
CY2022Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
77000000.0 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
240700000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
242100000 usd
CY2023Q2 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
4400000 usd
CY2022Q3 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
2100000 usd
us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
28000000.0 usd
us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
9300000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
26300000 usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
46800000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
94600000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
131400000 usd
CY2023Q2 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
17500000 usd
CY2023Q2 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
8800000 usd
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
60000000 usd
us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
34600000 usd
CY2023Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
true
CY2023Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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a101cicagreementgriffin.htm Edgar Link pending
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a103cicagreementterry.htm Edgar Link pending
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