Skyworks Solutions (SWKS) FY2018 results: revenue $3.9 billion, up 5.9% on the year
Skyworks Solutions, Inc. (SWKS) reported revenue of $3.9 billion for fiscal 2018, the year ended 28 September 2018, up 5.9% on the year before. Net income was $918 million, down 9.1%, and diluted earnings per share $5.01. The figures are the company's own, from the 10-K it filed with the SEC on 14 November 2019.
Revenue
$3.9 billion
+5.9% on the year
FY2011FY2018
Operating margin
34.1%
34.3% a year earlier
FY2011FY2018
Net income
$918 million
-9.1% on the year
FY2011FY2018
Diluted EPS
$5.01
-7.4% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
3,868
3,651
3,289
+5.9%
Cost of revenue
1,917
1,810
1,624
+6.0%
Gross profit
1,951
1,842
1,665
+5.9%
Gross margin
50.4%
50.4%
50.6%
Research and development
404
355
312
+13.9%
Selling, general and administrative
208
205
196
+1.6%
Operating income
1,319
1,254
1,119
+5.2%
Operating margin
34.1%
34.3%
34.0%
Pre-tax income
1,332
1,257
1,201
+6.0%
Income tax
414
247
205
+67.6%
Effective tax rate
31.1%
19.6%
17.1%
Net income
918
1,010
995
-9.1%
Net margin
23.7%
27.7%
30.3%
Diluted EPS
$5.01
$5.41
$5.18
-7.4%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
1,261
1,456
1,078
-13.4%
Capital expenditure
422
303
189
+39.2%
Free cash flow
838
1,153
888
-27.3%
Free cash flow margin
21.7%
31.6%
27.0%
Cash from investing
-1,150
-326
n/a
Cash from financing
-994
-597
n/a
Depreciation and amortisation
291
255
248
+14.1%
Share-based compensation
108
88.5
78.0
+21.8%
Buybacks
760
432
526
+75.7%
Dividends paid
243
214
201
+13.5%
Dividend per share
$1.34
$1.16
$1.06
+15.5%
Diluted shares, weighted
183m
187m
192m
-1.9%
Shares outstanding at period end
177m
183m
185m
-3.1%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
4,097
4,066
3,541
+0.8%
Debt
0.0
0.0
0.0
Other liabilities
732
508
314
+44.1%
Total liabilities and equity
4,829
4,574
3,855
+5.6%
Fixed assets
1,141
882
806
+29.3%
Goodwill
1,190
883
873
+34.7%
Intangible assets
144
67.8
67.0
+111.9%
Investments
317
0.0
n/a
Cash and equivalents
733
1,617
1,084
-54.6%
Receivables
656
455
417
+44.2%
Inventory
490
494
424
-0.7%
Other assets
158
176
184
-9.8%
Total assets
4,829
4,574
3,855
+5.6%
10-K for the year ended 28 September 2018, filed 14 November 2019: the filing.