Skyworks Solutions (SWKS) FY2012 results: revenue $1.6 billion, up 10.5% on the year
Skyworks Solutions, Inc. (SWKS) reported revenue of $1.6 billion for fiscal 2012, the year ended 28 September 2012, up 10.5% on the year before. Net income was $202 million, down 10.8%, and diluted earnings per share $1.05. The figures are the company's own, from the 10-K it filed with the SEC on 21 November 2012.
Revenue
$1.6 billion
+10.5% on the year
FY2008FY2012
Operating margin
16.3%
20.8% a year earlier
FY2008FY2012
Net income
$202 million
-10.8% on the year
FY2008FY2012
Diluted EPS
$1.05
-11.8% on the year
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
1,569
1,419
1,072
+10.5%
Cost of revenue
901
799
615
+12.9%
Gross profit
667
620
457
+7.5%
Gross margin
42.5%
43.7%
42.6%
Research and development
213
169
134
+26.0%
Selling, general and administrative
158
137
118
+15.4%
Operating income
256
295
200
-13.4%
Operating margin
16.3%
20.8%
18.6%
Interest expense
0.6
1.9
4.2
-68.4%
Pre-tax income
255
294
195
-13.2%
Income tax
52.9
67.3
57.8
-21.4%
Effective tax rate
20.7%
22.9%
29.6%
Net income
202
227
137
-10.8%
Net margin
12.9%
16.0%
12.8%
Diluted EPS
$1.05
$1.19
$0.75
-11.8%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
285
366
223
-22.0%
Capital expenditure
94.1
101
88.9
-6.5%
Free cash flow
191
265
134
-27.9%
Free cash flow margin
12.2%
18.7%
12.5%
Cash from investing
-303
-350
-95.3
Cash from financing
-86.2
-59.0
-38.6
Depreciation and amortisation
102
76.5
52.7
+33.7%
Share-based compensation
72.2
58.3
40.7
+23.7%
Buybacks
12.4
70.0
0.0
-82.3%
Dividends paid
0.0
n/a
n/a
Dividend per share
$0.00
n/a
n/a
Diluted shares, weighted
192m
191m
183m
+0.6%
Shares outstanding at period end
192m
186m
180m
+3.2%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
1,905
1,609
1,317
+18.4%
Debt
0.0
26.7
74.7
Other liabilities
231
255
173
-9.2%
Total liabilities and equity
2,137
1,890
1,564
+13.0%
Fixed assets
279
251
204
+11.1%
Goodwill
801
663
486
+20.7%
Intangible assets
94.0
86.8
12.5
+8.3%
Securities held for sale or to maturity
n/a
3.2
n/a
Cash and equivalents
307
410
459
-25.1%
Receivables
298
178
175
+67.2%
Inventory
233
198
125
+17.5%
Other assets
125
99.8
102
+25.4%
Total assets
2,137
1,890
1,564
+13.0%
10-K for the year ended 28 September 2012, filed 21 November 2012: the filing.