Synaptics (SYNA) FY2015 results: revenue $1.7 billion, up 79.7% on the year
Synaptics Inc. (SYNA) reported revenue of $1.7 billion for fiscal 2015, the year ended 27 June 2015, up 79.7% on the year before. Net income was $110 million, up 136.5%, and diluted earnings per share $2.84. The figures are the company's own, from the 10-K it filed with the SEC on 25 August 2015.
Revenue
$1.7 billion
+79.7% on the year
FY2009FY2015
Operating margin
9.5%
7.6% a year earlier
FY2009FY2015
Net income
$110 million
+136.5% on the year
FY2009FY2015
Diluted EPS
$2.84
+125.4% on the year
FY2009FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
1,703
948
664
+79.7%
Cost of revenue
1,124
511
338
+119.8%
Gross profit
579
436
326
+32.7%
Gross margin
34.0%
46.0%
49.1%
Research and development
293
193
145
+52.2%
Selling, general and administrative
128
100
79.6
+27.9%
Operating income
162
72.5
101
+123.8%
Operating margin
9.5%
7.6%
15.2%
Interest expense
3.8
n/a
0.0
Pre-tax income
160
74.5
102
+115.2%
Income tax
49.8
27.8
2.8
+79.3%
Effective tax rate
31.1%
37.3%
2.8%
Net income
110
46.7
98.9
+136.5%
Net margin
6.5%
4.9%
14.9%
Diluted EPS
$2.84
$1.26
$2.89
+125.4%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
204
132
102
+55.1%
Capital expenditure
51.9
38.7
48.5
+34.2%
Free cash flow
152
92.9
53.6
+63.8%
Free cash flow margin
8.9%
9.8%
8.1%
Cash from investing
n/a
n/a
-37.5
Cash from financing
n/a
n/a
-14.3
Depreciation and amortisation
24.8
14.2
9.8
+74.6%
Share-based compensation
44.1
32.9
32.2
+34.0%
Buybacks
121
70.3
46.3
+72.6%
Diluted shares, weighted
39m
37m
34m
+4.8%
Shares outstanding at period end
38m
37m
33m
+1.8%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
793
701
522
+13.1%
Debt
242
0.0
2.3
Other liabilities
484
319
167
+51.6%
Total liabilities and equity
1,519
1,020
691
+48.9%
Fixed assets
123
80.8
58.0
+52.6%
Goodwill
207
61.0
20.7
+238.8%
Intangible assets
235
82.1
13.1
+186.7%
Investments
n/a
19.8
17.0
Cash and equivalents
400
447
355
-10.6%
Receivables
325
195
148
+66.4%
Inventory
140
82.3
49.9
+70.3%
Other assets
89.1
52.0
28.8
+71.4%
Total assets
1,519
1,020
691
+48.9%
10-K for the year ended 27 June 2015, filed 25 August 2015: the filing.