Skyworks Solutions (SWKS) FY2023 results: revenue $4.8 billion, down 13.0% on the year
Skyworks Solutions, Inc. (SWKS) reported revenue of $4.8 billion for fiscal 2023, the year ended 29 September 2023, down 13.0% on the year before. Net income was $983 million, down 22.9%, and diluted earnings per share $6.13. The figures are the company's own, from the 10-K it filed with the SEC on 15 November 2024.
Revenue
$4.8 billion
-13.0% on the year
FY2016FY2023
Operating margin
23.6%
27.8% a year earlier
FY2016FY2023
Net income
$983 million
-22.9% on the year
FY2016FY2023
Diluted EPS
$6.13
-21.5% on the year
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
1,856
1,425
1,772
+30.3%
Capital expenditure
210
489
638
-57.0%
Free cash flow
1,646
935
1,134
+76.0%
Free cash flow margin
34.5%
17.0%
22.2%
Cash from investing
-224
-379
-3,133
Cash from financing
-1,479
-1,363
1,677
Depreciation and amortisation
614
683
419
-10.1%
Share-based compensation
185
195
192
-5.2%
Buybacks
175
887
196
-80.2%
Dividends paid
405
373
341
+8.6%
Dividend per share
$2.54
$2.30
$2.06
+10.4%
Diluted shares, weighted
160m
163m
167m
-1.8%
Shares outstanding at period end
160m
160m
165m
-0.4%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
6,083
5,469
5,297
+11.2%
Debt
1,292
2,189
2,236
-41.0%
Operating lease liabilities
189
207
144
-8.8%
Other liabilities
863
1,009
914
-14.5%
Total liabilities and equity
8,427
8,874
8,591
-5.0%
Fixed assets
1,390
1,605
1,502
-13.4%
Goodwill
2,177
2,177
2,177
0.0%
Intangible assets
1,222
1,445
1,699
-15.4%
Investments
19.7
20.8
144
-5.3%
Cash and equivalents
719
566
883
+27.0%
Receivables
864
1,094
756
-21.0%
Inventory
1,120
1,212
885
-7.6%
Other assets
915
755
545
+21.3%
Total assets
8,427
8,874
8,591
-5.0%
10-K for the year ended 29 September 2023, filed 15 November 2024: the filing.