Synaptics (SYNA) FY2012 results: revenue $548 million, down 8.4% on the year
Synaptics Inc. (SYNA) reported revenue of $548 million for fiscal 2012, the year ended 30 June 2012, down 8.4% on the year before. Net income was $54 million, down 15.1%, and diluted earnings per share $1.57. The figures are the company's own, from the 10-K it filed with the SEC on 27 August 2012.
Revenue
$548 million
-8.4% on the year
FY2009FY2012
Operating margin
12.3%
12.1% a year earlier
FY2009FY2012
Net income
$54 million
-15.1% on the year
FY2009FY2012
Diluted EPS
$1.57
-12.8% on the year
FY2009FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
548
599
515
-8.4%
Cost of revenue
293
352
306
-17.0%
Gross profit
256
246
209
+3.9%
Gross margin
46.6%
41.1%
40.5%
Research and development
118
105
86.6
+12.3%
Selling, general and administrative
70.0
68.5
60.0
+2.2%
Operating income
67.6
72.5
62.1
-6.8%
Operating margin
12.3%
12.1%
12.1%
Interest expense
0.0
0.0
2.4
0.0%
Pre-tax income
68.5
73.5
60.3
-6.7%
Income tax
14.4
9.7
7.3
+48.9%
Effective tax rate
21.0%
13.2%
12.1%
Net income
54.1
63.8
53.0
-15.1%
Net margin
9.9%
10.7%
10.3%
Diluted EPS
$1.57
$1.80
$1.50
-12.8%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
101
89.7
114
+13.0%
Capital expenditure
10.4
11.6
9.1
-10.5%
Free cash flow
91.0
78.1
105
+16.5%
Free cash flow margin
16.6%
13.1%
20.4%
Cash from investing
-14.9
-8.4
15.6
Cash from financing
-28.7
-44.0
-88.8
Depreciation and amortisation
10.4
11.2
8.7
-6.8%
Share-based compensation
34.2
33.9
35.4
+0.7%
Buybacks
61.7
70.2
44.5
-12.1%
Diluted shares, weighted
34m
35m
35m
-2.9%
Shares outstanding at period end
33m
33m
34m
-1.7%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
397
340
287
+16.7%
Debt
2.3
2.3
2.3
0.0%
Other liabilities
142
114
126
+25.0%
Total liabilities and equity
542
456
415
+18.7%
Fixed assets
24.9
26.2
25.8
-5.0%
Goodwill
19.0
1.9
1.9
+885.7%
Intangible assets
12.8
n/a
n/a
Investments
15.3
25.9
28.0
-40.8%
Cash and equivalents
305
247
210
+23.4%
Receivables
104
93.8
102
+11.0%
Inventory
31.7
28.9
18.7
+9.8%
Other assets
28.7
32.4
28.9
-11.4%
Total assets
542
456
415
+18.7%
10-K for the year ended 30 June 2012, filed 27 August 2012: the filing.