Skyworks Solutions (SWKS) FY2016 results: revenue $3.3 billion, up 0.9% on the year
Skyworks Solutions, Inc. (SWKS) reported revenue of $3.3 billion for fiscal 2016, the year ended 30 September 2016, up 0.9% on the year before. Net income was $995 million, up 24.7%, and diluted earnings per share $5.18. The figures are the company's own, from the 10-K it filed with the SEC on 22 November 2016.
Revenue
$3.3 billion
+0.9% on the year
FY2009FY2016
Operating margin
34.0%
31.4% a year earlier
FY2009FY2016
Net income
$995 million
+24.7% on the year
FY2009FY2016
Diluted EPS
$5.18
+26.3% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
3,289
3,258
2,292
+0.9%
Cost of revenue
1,624
1,704
1,269
-4.7%
Gross profit
1,665
1,554
1,023
+7.1%
Gross margin
50.6%
47.7%
44.6%
Research and development
312
303
252
+3.0%
Selling, general and administrative
196
191
179
+2.4%
Operating income
1,119
1,023
565
+9.3%
Operating margin
34.0%
31.4%
24.7%
Pre-tax income
1,201
1,024
565
+17.3%
Income tax
205
225
108
-8.8%
Effective tax rate
17.1%
22.0%
19.0%
Net income
995
798
458
+24.7%
Net margin
30.3%
24.5%
20.0%
Diluted EPS
$5.18
$4.10
$2.38
+26.3%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
1,078
993
772
+8.6%
Capital expenditure
189
430
209
-56.0%
Free cash flow
888
563
564
+57.9%
Free cash flow margin
27.0%
17.3%
24.6%
Depreciation and amortisation
248
196
123
+26.6%
Share-based compensation
78.0
99.8
86.0
-21.8%
Buybacks
526
237
166
+121.5%
Dividends paid
201
124
41.7
+61.9%
Dividend per share
$1.06
$0.65
$0.22
+63.1%
Diluted shares, weighted
192m
195m
193m
-1.4%
Shares outstanding at period end
185m
190m
189m
-2.8%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
3,541
3,159
2,532
+12.1%
Debt
0.0
0.0
0.0
Other liabilities
314
560
441
-43.9%
Total liabilities and equity
3,855
3,719
2,974
+3.7%
Fixed assets
806
826
556
-2.4%
Goodwill
873
857
851
+1.9%
Intangible assets
67.0
45.0
75.0
+48.9%
Cash and equivalents
1,084
1,084
1,084
0.0%
Receivables
417
538
318
-22.6%
Inventory
424
268
271
+58.3%
Other assets
184
102
n/a
+81.5%
Total assets
3,855
3,719
2,974
+3.7%
10-K for the year ended 30 September 2016, filed 22 November 2016: the filing.