Skyworks Solutions (SWKS) FY2017 results: revenue $3.7 billion, up 11.0% on the year
Skyworks Solutions, Inc. (SWKS) reported revenue of $3.7 billion for fiscal 2017, the year ended 29 September 2017, up 11.0% on the year before. Net income was $1.0 billion, up 1.5%, and diluted earnings per share $5.41. The figures are the company's own, from the 10-K it filed with the SEC on 14 November 2019.
Revenue
$3.7 billion
+11.0% on the year
FY2010FY2017
Operating margin
34.3%
34.0% a year earlier
FY2010FY2017
Net income
$1.0 billion
+1.5% on the year
FY2010FY2017
Diluted EPS
$5.41
+4.4% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
3,651
3,289
3,258
+11.0%
Cost of revenue
1,810
1,624
1,704
+11.4%
Gross profit
1,842
1,665
1,554
+10.6%
Gross margin
50.4%
50.6%
47.7%
Research and development
355
312
303
+13.7%
Selling, general and administrative
205
196
191
+4.4%
Operating income
1,254
1,119
1,023
+12.1%
Operating margin
34.3%
34.0%
31.4%
Pre-tax income
1,257
1,201
1,024
+4.7%
Income tax
247
205
225
+20.2%
Effective tax rate
19.6%
17.1%
22.0%
Net income
1,010
995
798
+1.5%
Net margin
27.7%
30.3%
24.5%
Diluted EPS
$5.41
$5.18
$4.10
+4.4%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
1,456
1,078
993
+35.1%
Capital expenditure
303
189
430
+60.2%
Free cash flow
1,153
888
563
+29.8%
Free cash flow margin
31.6%
27.0%
17.3%
Cash from investing
-326
n/a
n/a
Cash from financing
-597
n/a
n/a
Depreciation and amortisation
255
248
196
+2.8%
Share-based compensation
88.5
78.0
99.8
+13.5%
Buybacks
432
526
237
-17.8%
Dividends paid
214
201
124
+6.7%
Dividend per share
$1.16
$1.06
$0.65
+9.4%
Diluted shares, weighted
187m
192m
195m
-2.8%
Shares outstanding at period end
183m
185m
190m
-1.0%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
4,066
3,541
3,159
+14.8%
Debt
0.0
0.0
0.0
Other liabilities
508
314
560
+61.8%
Total liabilities and equity
4,574
3,855
3,719
+18.6%
Fixed assets
882
806
826
+9.4%
Goodwill
883
873
857
+1.1%
Intangible assets
67.8
67.0
45.0
+1.2%
Investments
0.0
n/a
n/a
Cash and equivalents
1,617
1,084
1,084
+49.2%
Receivables
455
417
538
+9.1%
Inventory
494
424
268
+16.4%
Other assets
176
184
102
-4.8%
Total assets
4,574
3,855
3,719
+18.6%
10-K for the year ended 29 September 2017, filed 14 November 2019: the filing.