Synaptics (SYNA) FY2014 results: revenue $948 million, up 42.8% on the year
Synaptics Inc. (SYNA) reported revenue of $948 million for fiscal 2014, the year ended 28 June 2014, up 42.8% on the year before. Net income was $47 million, down 52.8%, and diluted earnings per share $1.26. The figures are the company's own, from the 10-K it filed with the SEC on 22 August 2014.
Revenue
$948 million
+42.8% on the year
FY2009FY2014
Operating margin
7.6%
15.2% a year earlier
FY2009FY2014
Net income
$47 million
-52.8% on the year
FY2009FY2014
Diluted EPS
$1.26
-56.4% on the year
FY2009FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
948
664
548
+42.8%
Cost of revenue
511
338
293
+51.4%
Gross profit
436
326
256
+33.8%
Gross margin
46.0%
49.1%
46.6%
Research and development
193
145
118
+33.2%
Selling, general and administrative
100
79.6
70.0
+25.6%
Operating income
72.5
101
67.6
-28.0%
Operating margin
7.6%
15.2%
12.3%
Interest expense
n/a
0.0
0.0
Pre-tax income
74.5
102
68.5
-26.8%
Income tax
27.8
2.8
14.4
+891.8%
Effective tax rate
37.3%
2.8%
21.0%
Net income
46.7
98.9
54.1
-52.8%
Net margin
4.9%
14.9%
9.9%
Diluted EPS
$1.26
$2.89
$1.57
-56.4%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
132
102
101
+28.8%
Capital expenditure
38.7
48.5
10.4
-20.3%
Free cash flow
92.9
53.6
91.0
+73.2%
Free cash flow margin
9.8%
8.1%
16.6%
Cash from investing
n/a
-37.5
-14.9
Cash from financing
n/a
-14.3
-28.7
Depreciation and amortisation
14.2
9.8
10.4
+44.9%
Share-based compensation
32.9
32.2
34.2
+2.1%
Buybacks
70.3
46.3
61.7
+51.8%
Diluted shares, weighted
37m
34m
34m
+8.4%
Shares outstanding at period end
37m
33m
33m
+10.7%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
701
522
397
+34.4%
Debt
0.0
2.3
2.3
Other liabilities
319
167
142
+91.0%
Total liabilities and equity
1,020
691
542
+47.6%
Fixed assets
80.8
58.0
24.9
+39.3%
Goodwill
61.0
20.7
19.0
+194.9%
Intangible assets
82.1
13.1
12.8
+526.3%
Investments
19.8
17.0
15.3
+16.6%
Cash and equivalents
447
355
305
+25.9%
Receivables
195
148
104
+31.4%
Inventory
82.3
49.9
31.7
+64.8%
Other assets
52.0
28.8
28.7
+80.8%
Total assets
1,020
691
542
+47.6%
10-K for the year ended 28 June 2014, filed 22 August 2014: the filing.