Synaptics (SYNA) FY2013 results: revenue $664 million, up 21.0% on the year
Synaptics Inc. (SYNA) reported revenue of $664 million for fiscal 2013, the year ended 29 June 2013, up 21.0% on the year before. Net income was $99 million, up 82.7%, and diluted earnings per share $2.89. The figures are the company's own, from the 10-K it filed with the SEC on 19 August 2013.
Revenue
$664 million
+21.0% on the year
FY2009FY2013
Operating margin
15.2%
12.3% a year earlier
FY2009FY2013
Net income
$99 million
+82.7% on the year
FY2009FY2013
Diluted EPS
$2.89
+84.1% on the year
FY2009FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
664
548
599
+21.0%
Cost of revenue
338
293
352
+15.4%
Gross profit
326
256
246
+27.5%
Gross margin
49.1%
46.6%
41.1%
Research and development
145
118
105
+22.7%
Selling, general and administrative
79.6
70.0
68.5
+13.7%
Operating income
101
67.6
72.5
+49.0%
Operating margin
15.2%
12.3%
12.1%
Interest expense
0.0
0.0
0.0
0.0%
Pre-tax income
102
68.5
73.5
+48.4%
Income tax
2.8
14.4
9.7
-80.6%
Effective tax rate
2.8%
21.0%
13.2%
Net income
98.9
54.1
63.8
+82.7%
Net margin
14.9%
9.9%
10.7%
Diluted EPS
$2.89
$1.57
$1.80
+84.1%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
102
101
89.7
+0.8%
Capital expenditure
48.5
10.4
11.6
+368.4%
Free cash flow
53.6
91.0
78.1
-41.1%
Free cash flow margin
8.1%
16.6%
13.1%
Cash from investing
-37.5
-14.9
-8.4
Cash from financing
-14.3
-28.7
-44.0
Depreciation and amortisation
9.8
10.4
11.2
-5.9%
Share-based compensation
32.2
34.2
33.9
-5.7%
Buybacks
46.3
61.7
70.2
-25.1%
Diluted shares, weighted
34m
34m
35m
-0.6%
Shares outstanding at period end
33m
33m
33m
+1.2%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
522
397
340
+31.5%
Debt
2.3
2.3
2.3
0.0%
Other liabilities
167
142
114
+17.3%
Total liabilities and equity
691
542
456
+27.7%
Fixed assets
58.0
24.9
26.2
+133.0%
Goodwill
20.7
19.0
1.9
+8.9%
Intangible assets
13.1
12.8
n/a
+2.4%
Investments
17.0
15.3
25.9
+10.8%
Cash and equivalents
355
305
247
+16.5%
Receivables
148
104
93.8
+42.6%
Inventory
49.9
31.7
28.9
+57.7%
Other assets
28.8
28.7
32.4
+0.3%
Total assets
691
542
456
+27.7%
10-K for the year ended 29 June 2013, filed 19 August 2013: the filing.