2024 Q4 Form 10-K Financial Statement

#000000412724000131 Filed on November 15, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2024
Revenue $1.025B $4.178B
YoY Change -15.91% -12.45%
Cost Of Revenue $595.1M $2.457B
YoY Change -19.66% -7.8%
Gross Profit $429.8M $1.721B
YoY Change -10.1% -18.34%
Gross Profit Margin 41.94% 41.19%
Selling, General & Admin $74.10M $300.8M
YoY Change 1.09% -4.2%
% of Gross Profit 17.24% 17.48%
Research & Development $163.5M $631.7M
YoY Change 11.38% 4.1%
% of Gross Profit 38.04% 36.71%
Depreciation & Amortization $115.4M $451.3M
YoY Change -19.41% 16.37%
% of Gross Profit 26.85% 26.23%
Operating Expenses $237.8M $933.4M
YoY Change 6.26% -4.98%
Operating Profit $192.0M $787.4M
YoY Change -24.5% -30.01%
Interest Expense -$6.900M -$30.70M
YoY Change -44.35% -147.67%
% of Operating Profit -3.59% -3.9%
Other Income/Expense, Net $5.800M $29.70M
YoY Change 26.09% 63.19%
Pretax Income $58.40M $636.4M
YoY Change -76.28% -41.01%
Income Tax -$2.100M $40.40M
% Of Pretax Income -3.6% 6.35%
Net Earnings $60.50M $596.0M
YoY Change -75.29% -39.36%
Net Earnings / Revenue 5.9% 14.27%
Basic Earnings Per Share $3.72
Diluted Earnings Per Share $0.37 $3.69
COMMON SHARES
Basic Shares Outstanding 159.9M shares 159.7M shares 160.1M shares
Diluted Shares Outstanding 161.5M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.574B $1.574B
YoY Change 114.34% 114.34%
Cash & Equivalents $1.574B $1.574B
Short-Term Investments $194.1M $194.1M
Other Short-Term Assets $484.7M $484.7M
YoY Change 5.12% 5.12%
Inventory $784.8M $784.8M
Prepaid Expenses $234.8M
Receivables $508.8M $508.8M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.868B $2.868B
YoY Change -9.81% -9.81%
LONG-TERM ASSETS
Property, Plant & Equipment $1.280B $1.280B
YoY Change -7.9% -19.76%
Goodwill $2.177B
YoY Change 0.0%
Intangibles $900.5M
YoY Change -26.32%
Long-Term Investments $11.40M $11.40M
YoY Change 178.05% 178.05%
Other Assets $1.058B $1.058B
YoY Change 1772.74% 325.28%
Total Long-Term Assets $5.416B $5.416B
YoY Change 3.21% 3.21%
TOTAL ASSETS
Total Short-Term Assets $2.868B $2.868B
Total Long-Term Assets $5.416B $5.416B
Total Assets $8.283B $8.283B
YoY Change -1.7% -1.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $171.8M $171.8M
YoY Change 7.91% 7.91%
Accrued Expenses $780.5M $780.5M
YoY Change 98.35% 98.35%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $952.3M $952.3M
YoY Change -0.36% -0.36%
LONG-TERM LIABILITIES
Long-Term Debt $994.3M $994.3M
YoY Change 0.14% 0.14%
Other Long-Term Liabilities $35.80M $349.6M
YoY Change -18.45% -11.58%
Total Long-Term Liabilities $994.3M $994.3M
YoY Change 2164.92% -28.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $952.3M $952.3M
Total Long-Term Liabilities $994.3M $994.3M
Total Liabilities $1.947B $1.947B
YoY Change -16.95% -16.95%
SHAREHOLDERS EQUITY
Retained Earnings $6.033B
YoY Change 2.67%
Common Stock $309.4M
YoY Change 45.74%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.337B $6.337B
YoY Change
Total Liabilities & Shareholders Equity $8.283B $8.283B
YoY Change -1.7% -1.7%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2024
OPERATING ACTIVITIES
Net Income $60.50M $596.0M
YoY Change -75.29% -39.36%
Depreciation, Depletion And Amortization $115.4M $451.3M
YoY Change -19.41% 16.37%
Cash From Operating Activities $476.1M $1.825B
YoY Change 30.26% -1.71%
INVESTING ACTIVITIES
Capital Expenditures $88.70M $183.1M
YoY Change 15.05% -12.93%
Acquisitions
YoY Change
Other Investing Activities -$182.7M -$172.8M
YoY Change 16509.09% 2558.46%
Cash From Investing Activities -$271.4M -$355.9M
YoY Change 247.06% 58.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$79.90M
YoY Change -155.8%
Debt Paid & Issued, Net $300.0M
YoY Change -66.67%
Cash From Financing Activities -99.50M -819.0M
YoY Change -65.7% -44.63%
NET CHANGE
Cash From Operating Activities 476.1M 1.825B
Cash From Investing Activities -271.4M -355.9M
Cash From Financing Activities -99.50M -819.0M
Net Change In Cash 105.2M 649.8M
YoY Change -3857.14% 325.26%
FREE CASH FLOW
Cash From Operating Activities $476.1M $1.825B
Capital Expenditures $88.70M $183.1M
Free Cash Flow $387.4M $1.642B
YoY Change 34.33% -0.27%

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CY2024 swks Amortization Of Intangible Assets Including Inventory Step Up
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CY2023 swks Amortization Of Intangible Assets Including Inventory Step Up
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CY2024 us-gaap Increase Decrease In Inventories
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CY2023 us-gaap Increase Decrease In Accounts Payable
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CY2024 us-gaap Increase Decrease In Other Operating Capital Net
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CY2023 us-gaap Increase Decrease In Other Operating Capital Net
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CY2024 us-gaap Payments To Acquire Intangible Assets
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CY2022 us-gaap Payments To Acquire Intangible Assets
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CY2024 us-gaap Payments To Acquire Marketable Securities
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CY2022 us-gaap Payments To Acquire Marketable Securities
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CY2024 us-gaap Proceeds From Sale And Maturity Of Other Investments
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CY2024 us-gaap Payments For Repurchase Of Common Stock
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CY2024 us-gaap Repayments Of Long Term Debt
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CY2024 us-gaap Net Cash Provided By Used In Financing Activities
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CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q4 us-gaap Stockholders Equity
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CY2022 us-gaap Net Income Loss
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CY2022 us-gaap Dividends
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CY2022Q3 us-gaap Stockholders Equity
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CY2023 us-gaap Dividends
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CY2024 us-gaap Dividends
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CY2024 us-gaap Fiscal Period
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<div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Fiscal Year</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s fiscal year ends on the Friday closest to September 30. The fiscal year ended on September 27, 2024 (“fiscal 2024”), the fiscal year ended on September 29, 2023 (“fiscal 2023”), and the fiscal year ended on September 30, 2022 (“fiscal 2022”), each consisted of 52 weeks.</span></div>
CY2024 us-gaap Use Of Estimates
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<div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts of assets, liabilities, revenue, expenses, comprehensive income, and accumulated other comprehensive loss that are reported during the reporting period. The Company evaluates its estimates on an ongoing basis using historical experience and other factors, including the current economic environment. Judgment is required in determining the reserves for, and fair value of, items such as overall fair value assessments of assets and liabilities, particularly those classified as Level 2 or Level 3 in the fair value hierarchy, marketable securities, inventory, intangible assets associated with business combinations, share-based compensation, revenue reserves, loss contingencies, and income taxes. In addition, judgment is required in determining whether a potential indicator of impairment of long-lived assets, indefinite-lived intangible assets, and goodwill exists and in estimating future cash flows for any necessary impairment testing. Actual results could differ significantly from these estimates.</span></div>
CY2024 swks Debt Securities Availableforsale Noncurrent Maximum Contractual Maturity
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CY2024Q3 us-gaap Inventory Raw Materials Net Of Reserves
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CY2024Q3 us-gaap Inventory Finished Goods Net Of Reserves
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CY2024Q3 us-gaap Inventory Net
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CY2023Q3 us-gaap Inventory Net
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CY2024Q3 us-gaap Property Plant And Equipment Gross
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CY2024Q3 us-gaap Intangible Assets Gross Excluding Goodwill
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CY2024Q3 us-gaap Intangible Assets Net Excluding Goodwill
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CY2024 us-gaap Amortization Of Intangible Assets
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CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2024 us-gaap Current Federal Tax Expense Benefit
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CY2024 us-gaap Current Income Tax Expense Benefit
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CY2024 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2024 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2024 us-gaap Deferred Income Tax Expense Benefit
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CY2023 us-gaap Deferred Income Tax Expense Benefit
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CY2022 us-gaap Deferred Income Tax Expense Benefit
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CY2024 us-gaap Income Tax Expense Benefit
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CY2023 us-gaap Income Tax Expense Benefit
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CY2022 us-gaap Income Tax Expense Benefit
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CY2024 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2024 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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CY2023 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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CY2024 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2024 us-gaap Income Tax Reconciliation Tax Credits Research
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CY2022 us-gaap Income Tax Reconciliation Tax Credits Research
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CY2024 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
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CY2023 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
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CY2022 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
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CY2024 us-gaap Effective Income Tax Rate Reconciliation Gilti Amount
EffectiveIncomeTaxRateReconciliationGiltiAmount
18100000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation Gilti Amount
EffectiveIncomeTaxRateReconciliationGiltiAmount
16300000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Gilti Amount
EffectiveIncomeTaxRateReconciliationGiltiAmount
36100000 usd
CY2024 us-gaap Effective Income Tax Rate Reconciliation Fdii Amount
EffectiveIncomeTaxRateReconciliationFdiiAmount
49300000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation Fdii Amount
EffectiveIncomeTaxRateReconciliationFdiiAmount
65900000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Fdii Amount
EffectiveIncomeTaxRateReconciliationFdiiAmount
39900000 usd
CY2024 swks Effective Income Tax Rate Reconciliation162 M Limitation
EffectiveIncomeTaxRateReconciliation162MLimitation
10600000 usd
CY2023 swks Effective Income Tax Rate Reconciliation162 M Limitation
EffectiveIncomeTaxRateReconciliation162MLimitation
10900000 usd
CY2022 swks Effective Income Tax Rate Reconciliation162 M Limitation
EffectiveIncomeTaxRateReconciliation162MLimitation
21000000.0 usd
CY2024 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
18400000 usd
CY2023 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
4500000 usd
CY2022 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
11200000 usd
CY2024 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
40400000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
96000000.0 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
201400000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2024 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2024Q3 us-gaap Tax Cuts And Jobs Act Of2017 Transition Tax For Accumulated Foreign Earnings Liability Current
TaxCutsAndJobsActOf2017TransitionTaxForAccumulatedForeignEarningsLiabilityCurrent
46100000 usd
CY2024Q3 us-gaap Tax Cuts And Jobs Act Of2017 Transition Tax For Accumulated Foreign Earnings Liability Noncurrent
TaxCutsAndJobsActOf2017TransitionTaxForAccumulatedForeignEarningsLiabilityNoncurrent
57000000 usd
CY2023Q3 us-gaap Tax Cuts And Jobs Act Of2017 Transition Tax For Accumulated Foreign Earnings Liability Current
TaxCutsAndJobsActOf2017TransitionTaxForAccumulatedForeignEarningsLiabilityCurrent
34900000 usd
CY2023Q3 us-gaap Tax Cuts And Jobs Act Of2017 Transition Tax For Accumulated Foreign Earnings Liability Noncurrent
TaxCutsAndJobsActOf2017TransitionTaxForAccumulatedForeignEarningsLiabilityNoncurrent
105800000 usd
CY2024 us-gaap Income Tax Holiday Termination Date
IncomeTaxHolidayTerminationDate
September 30, 2030
CY2024 us-gaap Income Tax Holiday Aggregate Dollar Amount
IncomeTaxHolidayAggregateDollarAmount
67700000 usd
CY2023 us-gaap Income Tax Holiday Aggregate Dollar Amount
IncomeTaxHolidayAggregateDollarAmount
66000000.0 usd
CY2022 us-gaap Income Tax Holiday Aggregate Dollar Amount
IncomeTaxHolidayAggregateDollarAmount
96600000 usd
CY2024 us-gaap Income Tax Holiday Income Tax Benefits Per Share
IncomeTaxHolidayIncomeTaxBenefitsPerShare
0.42
CY2023 us-gaap Income Tax Holiday Income Tax Benefits Per Share
IncomeTaxHolidayIncomeTaxBenefitsPerShare
0.41
CY2022 us-gaap Income Tax Holiday Income Tax Benefits Per Share
IncomeTaxHolidayIncomeTaxBenefitsPerShare
0.59
CY2024Q3 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
44500000 usd
CY2023Q3 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
24100000 usd
CY2024Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
16500000 usd
CY2023Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
14400000 usd
CY2024Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Returns And Allowances
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReturnsAndAllowances
5500000 usd
CY2023Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Returns And Allowances
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReturnsAndAllowances
7000000.0 usd
CY2024Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
25300000 usd
CY2023Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
24500000 usd
CY2024Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
6400000 usd
CY2023Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
12200000 usd
CY2024Q3 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
165700000 usd
CY2023Q3 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
155700000 usd
CY2024Q3 swks Deferred Tax Asset Leasing Arrangements
DeferredTaxAssetLeasingArrangements
46100000 usd
CY2023Q3 swks Deferred Tax Asset Leasing Arrangements
DeferredTaxAssetLeasingArrangements
45600000 usd
CY2024Q3 swks Deferred Tax Assets Prepaids
DeferredTaxAssetsPrepaids
170400000 usd
CY2023Q3 swks Deferred Tax Assets Prepaids
DeferredTaxAssetsPrepaids
95300000 usd
CY2024Q3 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
50000000.0 usd
CY2023Q3 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
24400000 usd
CY2024Q3 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
4800000 usd
CY2023Q3 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
6800000 usd
CY2024Q3 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
535200000 usd
CY2023Q3 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
410000000.0 usd
CY2024Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
174100000 usd
CY2023Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
164200000 usd
CY2024Q3 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
361100000 usd
CY2023Q3 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
245800000 usd
CY2024Q3 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
22500000 usd
CY2023Q3 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
18300000 usd
CY2024Q3 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
47000000.0 usd
CY2023Q3 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
44300000 usd
CY2024Q3 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
69500000 usd
CY2023Q3 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
62600000 usd
CY2024Q3 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
291600000 usd
CY2023Q3 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
183200000 usd
CY2024Q3 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
291600000 usd
CY2023Q3 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
183200000 usd
CY2024Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
174100000 usd
CY2024Q3 swks Tax Benefit To Recognize If Valuation Allowance Is Reversed
TaxBenefitToRecognizeIfValuationAllowanceIsReversed
174100000 usd
CY2024Q3 swks Future Taxable Income To Recognize Deferred Tax Assets
FutureTaxableIncomeToRecognizeDeferredTaxAssets
1200000000 usd
CY2024 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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9900000 usd
CY2023Q3 us-gaap Unrecognized Tax Benefits
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57900000 usd
CY2024 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
18400000 usd
CY2024 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
7700000 usd
CY2024 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
7900000 usd
CY2024 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
8100000 usd
CY2024 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
6100000 usd
CY2024Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
62300000 usd
CY2024Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
47300000 usd
CY2024Q3 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
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5700000 usd
CY2024 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
5500000 usd
CY2023 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
2900000 usd
CY2022 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
1200000 usd
CY2024Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
11700000 usd
CY2023Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
6200000 usd
CY2023 us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
1600000 usd
CY2024Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
525000000.0 shares
CY2023Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
525000000.0 shares
CY2024Q3 us-gaap Common Stock Par Or Stated Value Per Share
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0.25
CY2023Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
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CY2024Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
159900000 shares
CY2024Q3 us-gaap Common Stock Shares Issued
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159900000 shares
CY2023Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000.0 shares
CY2024Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000.0 shares
CY2024Q3 us-gaap Preferred Stock Shares Issued
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0 shares
CY2023Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2023Q4 us-gaap Common Stock Dividends Per Share Declared
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0.68
CY2023Q4 us-gaap Payments Of Dividends Common Stock
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108900000 usd
CY2022Q4 us-gaap Common Stock Dividends Per Share Declared
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0.62
CY2022Q4 us-gaap Payments Of Dividends Common Stock
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99400000 usd
CY2024Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.68
CY2024Q1 us-gaap Payments Of Dividends Common Stock
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109100000 usd
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.62
CY2023Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
98600000 usd
CY2024Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.68
CY2024Q2 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
109100000 usd
CY2023Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.62
CY2023Q2 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
98700000 usd
CY2024Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.70
CY2024Q3 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
112000000.0 usd
CY2023Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.68
CY2023Q3 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
108500000 usd
CY2024 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
2.74
CY2024 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
439100000 usd
CY2023 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
2.54
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
45400000 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
14700000 shares
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
3400000 shares
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
112.69
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
2500000 shares
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
92.24
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
1200000 shares
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
117.84
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
400000 shares
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
121.22
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
4300000 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
98.51
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
92.24
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
92.86
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
151.20
CY2024 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
180300000 usd
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
185100000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
195200000 usd
CY2024 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
18900000 usd
CY2023 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
9100000 usd
CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
20100000 usd
CY2024 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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10100000 usd
CY2023 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
14500000 usd
CY2022 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
6800000 usd
CY2024Q3 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P37Y
CY2024 us-gaap Operating Lease Cost
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35500000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
39800000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
43600000 usd
CY2024 us-gaap Variable Lease Cost
VariableLeaseCost
20600000 usd
CY2023 us-gaap Variable Lease Cost
VariableLeaseCost
19200000 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
12300000 usd
CY2024 us-gaap Operating Lease Payments
OperatingLeasePayments
35400000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
34000000.0 usd
CY2022 us-gaap Operating Lease Payments
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32000000.0 usd
CY2024 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
16200000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
11100000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
84600000 usd
CY2024Q3 us-gaap Operating Lease Liability Current
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20200000 usd
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
28300000 usd
CY2024Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
185900000 usd
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
188700000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
206100000 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
217000000.0 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
20000000.0 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
32400000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
31000000.0 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
28400000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
26100000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
102400000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
240300000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
34200000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
206100000 usd
CY2024Q3 us-gaap Operating Lease Liability Current
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20200000 usd
CY2024Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
185900000 usd
CY2024Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P11Y10M24D
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P12Y3M18D
CY2024Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.037
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.036
CY2024 us-gaap Net Income Loss
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596000000.0 usd
CY2023 us-gaap Net Income Loss
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982800000 usd
CY2022 us-gaap Net Income Loss
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1275200000 usd
CY2024 us-gaap Weighted Average Number Of Shares Outstanding Basic
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160100000 shares
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
159400000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
162400000 shares
CY2024 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1400000 shares
CY2023 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
900000 shares
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
900000 shares
CY2024 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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161500000 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
160300000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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163300000 shares
CY2024 us-gaap Earnings Per Share Basic
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3.72
CY2023 us-gaap Earnings Per Share Basic
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6.17
CY2022 us-gaap Earnings Per Share Basic
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7.85
CY2024 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.69
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.13
CY2022 us-gaap Earnings Per Share Diluted
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7.81
CY2024 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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100000 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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700000 shares
CY2024 us-gaap Revenues
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CY2023 us-gaap Revenues
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4772400000 usd
CY2022 us-gaap Revenues
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5485500000 usd
CY2024 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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4178000000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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4772400000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5485500000 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1280300000 usd
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1390100000 usd
CY2024Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
234800000 usd
CY2023Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
306000000.0 usd
CY2024Q3 swks Other Miscellaneous Current Assets
OtherMiscellaneousCurrentAssets
249900000 usd
CY2023Q3 swks Other Miscellaneous Current Assets
OtherMiscellaneousCurrentAssets
155100000 usd
CY2024Q3 us-gaap Other Assets Current
OtherAssetsCurrent
484700000 usd
CY2023Q3 us-gaap Other Assets Current
OtherAssetsCurrent
461100000 usd
CY2024Q3 us-gaap Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
192200000 usd
CY2023Q3 us-gaap Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
270900000 usd
CY2024Q3 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
52500000 usd
CY2023Q3 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
58800000 usd
CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
20200000 usd
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
28300000 usd
CY2024Q3 swks Other Miscellaneous Current Liabilities
OtherMiscellaneousCurrentLiabilities
38100000 usd
CY2023Q3 swks Other Miscellaneous Current Liabilities
OtherMiscellaneousCurrentLiabilities
44800000 usd
CY2024Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
303000000.0 usd
CY2023Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
402800000 usd
CY2024Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
-5700000 usd
CY2023Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
-7700000 usd
CY2024Q3 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
994300000 usd
CY2023Q3 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
1292300000 usd
CY2024Q3 us-gaap Debt Current
DebtCurrent
0 usd
CY2023Q3 us-gaap Debt Current
DebtCurrent
299400000 usd
CY2024Q3 us-gaap Long Term Debt
LongTermDebt
994300000 usd
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
992900000 usd
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024 dei Auditor Firm
AuditorFirmId
185

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exhibit107-optionagreement.htm Edgar Link pending
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swks-20240927_htm.xml Edgar Link completed