$SWKS
SKYWORKS SOLUTIONS, INC.

2010 Q2 Form 10-Q Financial Statement

#000095012310047885 Filed on May 11, 2010

View on sec.gov

Income Statement

Concept 2010 Q2 2009 Q2
Revenue $238.1M $173.0M
YoY Change 37.61% -19.61%
Cost Of Revenue $138.2M $108.1M
YoY Change 27.83% -16.06%
Gross Profit $99.85M $64.88M
YoY Change 53.92% -24.91%
Gross Profit Margin 41.95% 37.5%
Selling, General & Admin $28.00M $22.79M
YoY Change 22.84% -12.33%
% of Gross Profit 28.04% 35.14%
Research & Development $32.10M $28.60M
YoY Change 12.25% -21.87%
% of Gross Profit 32.15% 44.08%
Depreciation & Amortization $12.90M $12.90M
YoY Change 0.0% 0.78%
% of Gross Profit 12.92% 19.88%
Operating Expenses $61.50M $68.62M
YoY Change -10.37% 7.89%
Operating Profit $38.35M -$3.743M
YoY Change -1124.69% -116.42%
Interest Expense -$1.200M $1.897M
YoY Change -163.26% -211.59%
% of Operating Profit -3.13%
Other Income/Expense, Net -$200.0K -$13.00K
YoY Change 1438.46% -101.18%
Pretax Income $36.80M -$5.653M
YoY Change -750.98% -125.46%
Income Tax $9.100M $25.00K
% Of Pretax Income 24.73%
Net Earnings $27.74M -$5.678M
YoY Change -588.62% -127.7%
Net Earnings / Revenue 11.65% -3.28%
Basic Earnings Per Share $0.16 -$0.03
Diluted Earnings Per Share $0.15 -$0.03
COMMON SHARES
Basic Shares Outstanding 174.4M shares 166.0M shares
Diluted Shares Outstanding 166.0M shares

Balance Sheet

Concept 2010 Q2 2009 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $405.4M $262.0M
YoY Change 54.73% 5.65%
Cash & Equivalents $405.4M $262.0M
Short-Term Investments
Other Short-Term Assets $26.50M $20.80M
YoY Change 27.4% 28.4%
Inventory $104.4M $91.80M
Prepaid Expenses
Receivables $107.7M $112.1M
Other Receivables $0.00 $0.00
Total Short-Term Assets $644.0M $486.6M
YoY Change 32.35% -8.14%
LONG-TERM ASSETS
Property, Plant & Equipment $174.2M $163.6M
YoY Change 6.48% -4.66%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $85.10M $61.90M
YoY Change 37.48% 116.43%
Total Long-Term Assets $759.5M $727.7M
YoY Change 4.37% 2.31%
TOTAL ASSETS
Total Short-Term Assets $644.0M $486.6M
Total Long-Term Assets $759.5M $727.7M
Total Assets $1.404B $1.214B
YoY Change 15.58% -2.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $76.60M $48.10M
YoY Change 59.25% -30.49%
Accrued Expenses $29.10M $21.00M
YoY Change 38.57% -44.15%
Deferred Revenue
YoY Change
Short-Term Debt $50.00M $50.00M
YoY Change 0.0% 0.0%
Long-Term Debt Due $0.00 $50.00M
YoY Change -100.0%
Total Short-Term Liabilities $170.2M $183.3M
YoY Change -7.15% 16.83%
LONG-TERM LIABILITIES
Long-Term Debt $42.60M $47.10M
YoY Change -9.55% -76.45%
Other Long-Term Liabilities $7.600M $5.000M
YoY Change 52.0% -13.79%
Total Long-Term Liabilities $50.20M $52.10M
YoY Change -3.65% -74.68%
TOTAL LIABILITIES
Total Short-Term Liabilities $170.2M $183.3M
Total Long-Term Liabilities $50.20M $52.10M
Total Liabilities $220.4M $235.4M
YoY Change -6.37% -35.08%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.183B $978.9M
YoY Change
Total Liabilities & Shareholders Equity $1.404B $1.214B
YoY Change 15.58% -2.15%

Cashflow Statement

Concept 2010 Q2 2009 Q2
OPERATING ACTIVITIES
Net Income $27.74M -$5.678M
YoY Change -588.62% -127.7%
Depreciation, Depletion And Amortization $12.90M $12.90M
YoY Change 0.0% 0.78%
Cash From Operating Activities $60.20M $22.00M
YoY Change 173.64% -16.03%
INVESTING ACTIVITIES
Capital Expenditures -$19.60M -$5.700M
YoY Change 243.86% -60.42%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change
Cash From Investing Activities -$19.60M -$5.700M
YoY Change 243.86% -60.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -31.50M 2.000M
YoY Change -1675.0% -85.82%
NET CHANGE
Cash From Operating Activities 60.20M 22.00M
Cash From Investing Activities -19.60M -5.700M
Cash From Financing Activities -31.50M 2.000M
Net Change In Cash 9.100M 18.30M
YoY Change -50.27% -29.07%
FREE CASH FLOW
Cash From Operating Activities $60.20M $22.00M
Capital Expenditures -$19.60M -$5.700M
Free Cash Flow $79.80M $27.70M
YoY Change 188.09% -31.77%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2010Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
174449000 shares
swks Contribution Of Common Shares To Savings And Retirement Plans
ContributionOfCommonSharesToSavingsAndRetirementPlans
4430000 USD
CY2009Q4 swks Prepaids And Other Current Assets
PrepaidsAndOtherCurrentAssets
18912000 USD
swks Reacquisition Of Equity Instruments
ReacquisitionOfEquityInstruments
9253000 USD
CY2009Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
69098000 USD
CY2009Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-1380000 USD
CY2009Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1568416000 USD
CY2009Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2845000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
2560000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
292000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2395000 USD
CY2009Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1246000 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
5616000 USD
CY2009Q4 us-gaap Assets
Assets
1352591000 USD
CY2009Q4 us-gaap Assets Current
AssetsCurrent
590127000 USD
CY2008Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
225104000 USD
CY2009Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
261951000 USD
CY2009Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
364221000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
36847000 USD
CY2009 us-gaap Commitments And Contingencies2009
CommitmentsAndContingencies2009
CY2009Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.25 USD
CY2009Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
525000000 shares
CY2009Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
177873000 shares
CY2009Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
172815000 shares
CY2009Q4 us-gaap Common Stock Value
CommonStockValue
43204000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
49895000 USD
CY2009Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
22794000 USD
CY2009Q4 us-gaap Stockholders Equity
StockholdersEquity
1108779000 USD
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.11
CY2009Q4 us-gaap Inventory Net
InventoryNet
86097000 USD
CY2009Q4 us-gaap Liabilities
Liabilities
243812000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-42913000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
17230000 USD
CY2009Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
9864000 USD
CY2009Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
15831000 USD
CY2009Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
6086000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1850000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
1220000 USD
CY2009Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2009Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
28596000 USD
CY2009Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
5863000 USD
us-gaap Restructuring Charges
RestructuringCharges
15982000 USD
CY2009Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-465154000 USD
CY2009Q2 us-gaap Sales Revenue Net
SalesRevenueNet
172990000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
10853000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
383218000 USD
CY2009Q4 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
41483000 USD
us-gaap Cost Of Goods Sold
CostOfGoodsSold
234476000 USD
CY2009Q2 us-gaap Cost Of Goods Sold
CostOfGoodsSold
108115000 USD
CY2009Q4 us-gaap Debt Current
DebtCurrent
81865000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1239000 USD
CY2009Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
89163000 USD
us-gaap Depreciation
Depreciation
22815000 USD
CY2009Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.03
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
CY2009Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.03
CY2009Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
29449000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
47000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
4913000 USD
CY2009Q4 us-gaap Goodwill
Goodwill
482893000 USD
us-gaap Gross Profit
GrossProfit
148742000 USD
CY2009Q2 us-gaap Gross Profit
GrossProfit
64875000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
19179000 USD
CY2009Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-5653000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
510000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1272000 USD
CY2009Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
25000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-10429000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
8369000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1577000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-3836000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
33996000 USD
CY2009Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
18245000 USD
us-gaap Interest Expense
InterestExpense
4353000 USD
CY2009Q2 us-gaap Interest Expense
InterestExpense
1897000 USD
us-gaap Interest Paid
InterestPaid
1225000 USD
us-gaap Inventory Write Down
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3458000 USD
CY2009Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1352591000 USD
CY2009Q4 us-gaap Liabilities Current
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-19914000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
99674000 USD
us-gaap Net Income Loss
NetIncomeLoss
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CY2009Q2 us-gaap Net Income Loss
NetIncomeLoss
-5678000 USD
us-gaap Operating Expenses
OperatingExpenses
131512000 USD
CY2009Q2 us-gaap Operating Expenses
OperatingExpenses
68618000 USD
CY2009Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-3743000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1389000 USD
CY2009Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-13000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
18694000 USD
CY2009Q4 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
0 USD
CY2009Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2009Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2315000 USD
CY2009Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
162299000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
584000 USD
CY2009Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
115034000 USD
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
34125000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
63240000 USD
CY2009Q2 us-gaap Restructuring Charges
RestructuringCharges
15982000 USD
us-gaap Restructuring Costs
RestructuringCosts
955000 USD
CY2009Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
165997000 shares
CY2009Q4 us-gaap Treasury Stock Value
TreasuryStockValue
36307000 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
165981000 shares
CY2009Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
165997000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
165426000 shares

Files In Submission

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0000950123-10-047885-index-headers.html Edgar Link pending
0000950123-10-047885-index.html Edgar Link pending
0000950123-10-047885.txt Edgar Link pending
0000950123-10-047885-xbrl.zip Edgar Link pending
a56032e10vq.htm Edgar Link pending
a56032exv31w1.htm Edgar Link pending
a56032exv31w2.htm Edgar Link pending
a56032exv32w1.htm Edgar Link pending
a56032exv32w2.htm Edgar Link pending
defnref.xml Edgar Link unprocessable
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Financial_Report.xls Edgar Link pending
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R11.xml Edgar Link unprocessable
R12.xml Edgar Link unprocessable
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R6.xml Edgar Link unprocessable
R7.xml Edgar Link unprocessable
R8.xml Edgar Link unprocessable
R9.xml Edgar Link unprocessable
swks-20100402.xml Edgar Link completed
swks-20100402.xsd Edgar Link pending
swks-20100402_cal.xml Edgar Link unprocessable
swks-20100402_lab.xml Edgar Link unprocessable
swks-20100402_pre.xml Edgar Link unprocessable