$SWKS
SKYWORKS SOLUTIONS, INC.

2010 Q3 Form 10-Q Financial Statement

#000095012310075643 Filed on August 10, 2010

View on sec.gov

Income Statement

Concept 2010 Q3 2009 Q3
Revenue $275.4M $191.2M
YoY Change 44.02%
Cost Of Revenue $157.1M $114.3M
YoY Change 37.49%
Gross Profit $118.3M $76.95M
YoY Change 53.69%
Gross Profit Margin 42.95% 40.25%
Selling, General & Admin $29.50M $24.22M
YoY Change 21.83%
% of Gross Profit 24.94% 31.47%
Research & Development $34.90M $29.70M
YoY Change 17.51%
% of Gross Profit 29.51% 38.6%
Depreciation & Amortization $13.40M $12.70M
YoY Change 5.51%
% of Gross Profit 11.33% 16.5%
Operating Expenses $65.90M $55.43M
YoY Change 18.89%
Operating Profit $52.37M $21.52M
YoY Change 143.33%
Interest Expense -$900.0K $1.999M
YoY Change -145.02%
% of Operating Profit -1.72% 9.29%
Other Income/Expense, Net $0.00 -$32.00K
YoY Change -100.0%
Pretax Income $52.70M $19.49M
YoY Change 170.4%
Income Tax $17.90M $800.0K
% Of Pretax Income 33.97% 4.1%
Net Earnings $34.74M $18.74M
YoY Change 85.36%
Net Earnings / Revenue 12.61% 9.8%
Basic Earnings Per Share $0.20 $0.11
Diluted Earnings Per Share $0.19 $110.3K
COMMON SHARES
Basic Shares Outstanding 175.5M shares 167.1M shares
Diluted Shares Outstanding 169.5M shares

Balance Sheet

Concept 2010 Q3 2009 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $383.8M $302.5M
YoY Change 26.88%
Cash & Equivalents $383.8M $302.5M
Short-Term Investments
Other Short-Term Assets $26.90M $22.10M
YoY Change 21.72%
Inventory $118.1M $89.20M
Prepaid Expenses
Receivables $154.8M $112.5M
Other Receivables $0.00 $0.00
Total Short-Term Assets $683.7M $526.3M
YoY Change 29.91%
LONG-TERM ASSETS
Property, Plant & Equipment $187.5M $158.0M
YoY Change 18.67%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $77.70M $64.00M
YoY Change 21.41%
Total Long-Term Assets $764.5M $733.0M
YoY Change 4.3%
TOTAL ASSETS
Total Short-Term Assets $683.7M $526.3M
Total Long-Term Assets $764.5M $733.0M
Total Assets $1.448B $1.259B
YoY Change 15.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $102.6M $49.60M
YoY Change 106.85%
Accrued Expenses $28.90M $23.40M
YoY Change 23.5%
Deferred Revenue
YoY Change
Short-Term Debt $50.00M $50.00M
YoY Change 0.0%
Long-Term Debt Due $0.00 $50.00M
YoY Change -100.0%
Total Short-Term Liabilities $191.1M $191.9M
YoY Change -0.42%
LONG-TERM LIABILITIES
Long-Term Debt $24.40M $47.10M
YoY Change -48.2%
Other Long-Term Liabilities $12.00M $5.400M
YoY Change 122.22%
Total Long-Term Liabilities $36.40M $52.50M
YoY Change -30.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $191.1M $191.9M
Total Long-Term Liabilities $36.40M $52.50M
Total Liabilities $227.5M $244.5M
YoY Change -6.95%
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 $1.221B $1.015B
YoY Change
Total Liabilities & Shareholders Equity $1.448B $1.259B
YoY Change 15.0%

Cashflow Statement

Concept 2010 Q3 2009 Q3
OPERATING ACTIVITIES
Net Income $34.74M $18.74M
YoY Change 85.36%
Depreciation, Depletion And Amortization $13.40M $12.70M
YoY Change 5.51%
Cash From Operating Activities $36.50M $43.60M
YoY Change -16.28%
INVESTING ACTIVITIES
Capital Expenditures -$25.30M -$5.600M
YoY Change 351.79%
Acquisitions
YoY Change
Other Investing Activities -$5.000M -$7.900M
YoY Change -36.71%
Cash From Investing Activities -$30.30M -$13.40M
YoY Change 126.12%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -27.80M 10.40M
YoY Change -367.31%
NET CHANGE
Cash From Operating Activities 36.50M 43.60M
Cash From Investing Activities -30.30M -13.40M
Cash From Financing Activities -27.80M 10.40M
Net Change In Cash -21.60M 40.60M
YoY Change -153.2%
FREE CASH FLOW
Cash From Operating Activities $36.50M $43.60M
Capital Expenditures -$25.30M -$5.600M
Free Cash Flow $61.80M $49.20M
YoY Change 25.61%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
us-gaap Inventory Write Down
InventoryWriteDown
3458000 USD
CY2009Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1352591000 USD
CY2009Q4 us-gaap Liabilities Current
LiabilitiesCurrent
196243000 USD
CY2010Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
175495000 shares
swks Contribution Of Common Shares To Savings And Retirement Plans
ContributionOfCommonSharesToSavingsAndRetirementPlans
5457000 USD
swks Reacquisition Of Equity Instruments
ReacquisitionOfEquityInstruments
9253000 USD
CY2009Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
69098000 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
3747000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3943000 USD
CY2009Q4 us-gaap Assets
Assets
1352591000 USD
CY2008Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
225104000 USD
CY2009Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
302504000 USD
CY2009Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
364221000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
77400000 USD
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 Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
41483000 USD
us-gaap Cost Of Goods Sold
CostOfGoodsSold
348739000 USD
CY2009Q3 us-gaap Cost Of Goods Sold
CostOfGoodsSold
114263000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1196000 USD
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.22
CY2009Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.11
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.22
CY2009Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
29449000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-228000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
4913000 USD
CY2009Q4 us-gaap Goodwill
Goodwill
482893000 USD
CY2009Q3 us-gaap Interest Expense
InterestExpense
1999000 USD
us-gaap Interest Paid
InterestPaid
1511000 USD
us-gaap Gross Profit
GrossProfit
225692000 USD
CY2009Q3 us-gaap Gross Profit
GrossProfit
76950000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
38669000 USD
CY2009Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
19490000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2022000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-33321000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-12535000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1241000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-4012000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-33537000 USD
CY2009Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
18245000 USD
us-gaap Interest Expense
InterestExpense
6352000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
143265000 USD
us-gaap Net Income Loss
NetIncomeLoss
36647000 USD
CY2009Q3 us-gaap Net Income Loss
NetIncomeLoss
18740000 USD
us-gaap Operating Expenses
OperatingExpenses
186941000 USD
CY2009Q3 us-gaap Operating Expenses
OperatingExpenses
55429000 USD
CY2009Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
21521000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1357000 USD
CY2009Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-32000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
24262000 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 Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
100000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
12744000 USD
CY2009Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
162299000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
779000 USD
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
34125000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
92906000 USD
us-gaap Restructuring Costs
RestructuringCosts
955000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
574431000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
74110000 USD
CY2009Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
24215000 USD
CY2009Q4 us-gaap Stockholders Equity
StockholdersEquity
1108779000 USD
CY2009Q4 us-gaap Treasury Stock Value
TreasuryStockValue
36307000 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
167180000 shares
CY2009Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
169525000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
165971000 shares
CY2009Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
167062000 shares

Files In Submission

Name View Source Status
0000950123-10-075643-index-headers.html Edgar Link pending
0000950123-10-075643-index.html Edgar Link pending
0000950123-10-075643.txt Edgar Link pending
0000950123-10-075643-xbrl.zip Edgar Link pending
a56124e10vq.htm Edgar Link pending
a56124exv31w1.htm Edgar Link pending
a56124exv31w2.htm Edgar Link pending
a56124exv32w1.htm Edgar Link pending
a56124exv32w2.htm Edgar Link pending
defnref.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
R1.xml Edgar Link unprocessable
R10.xml Edgar Link unprocessable
R11.xml Edgar Link unprocessable
R12.xml Edgar Link unprocessable
R13.xml Edgar Link unprocessable
R14.xml Edgar Link unprocessable
R15.xml Edgar Link unprocessable
R16.xml Edgar Link unprocessable
R17.xml Edgar Link unprocessable
R18.xml Edgar Link unprocessable
R2.xml Edgar Link unprocessable
R3.xml Edgar Link unprocessable
R4.xml Edgar Link unprocessable
R5.xml Edgar Link unprocessable
R6.xml Edgar Link unprocessable
R7.xml Edgar Link unprocessable
R8.xml Edgar Link unprocessable
R9.xml Edgar Link unprocessable
swks-20100702.xml Edgar Link completed
swks-20100702.xsd Edgar Link pending
swks-20100702_cal.xml Edgar Link unprocessable
swks-20100702_lab.xml Edgar Link unprocessable
swks-20100702_pre.xml Edgar Link unprocessable