Skyworks Solutions (SWKS) FY2021 results: revenue $5.1 billion, up 52.3% on the year
Skyworks Solutions, Inc. (SWKS) reported revenue of $5.1 billion for fiscal 2021, the year ended 1 October 2021, up 52.3% on the year before. Net income was $1.5 billion, up 83.9%, and diluted earnings per share $8.97. The figures are the company's own, from the 10-K it filed with the SEC on 24 November 2021.
Revenue
$5.1 billion
+52.3% on the year
FY2014FY2021
Operating margin
31.6%
26.6% a year earlier
FY2014FY2021
Net income
$1.5 billion
+83.9% on the year
FY2014FY2021
Diluted EPS
$8.97
+86.9% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
1,772
1,204
1,367
+47.1%
Capital expenditure
638
389
398
+63.8%
Free cash flow
1,134
815
969
+39.1%
Free cash flow margin
22.2%
24.3%
28.7%
Cash from investing
-3,133
-581
-337
Cash from financing
1,677
-908
-912
Depreciation and amortisation
419
364
338
+15.0%
Share-based compensation
192
157
80.1
+22.5%
Buybacks
196
648
658
-69.8%
Dividends paid
341
307
274
+10.9%
Dividend per share
$2.06
$1.82
$1.58
+13.2%
Diluted shares, weighted
167m
170m
174m
-1.7%
Shares outstanding at period end
165m
166m
170m
-0.2%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
5,297
4,164
4,122
+27.2%
Debt
2,236
0.0
0.0
Operating lease liabilities
144
151
0.0
-4.1%
Other liabilities
914
792
717
+15.4%
Total liabilities and equity
8,591
5,107
4,840
+68.2%
Fixed assets
1,502
1,250
1,206
+20.2%
Goodwill
2,177
1,190
1,190
+82.9%
Intangible assets
1,699
53.5
108
+3,075.0%
Investments
144
413
231
-65.1%
Cash and equivalents
883
567
851
+55.8%
Receivables
756
358
465
+110.9%
Inventory
885
806
610
+9.8%
Other assets
545
469
179
+16.2%
Total assets
8,591
5,107
4,840
+68.2%
10-K for the year ended 1 October 2021, filed 24 November 2021: the filing.