Synaptics (SYNA) FY2016 results: revenue $1.7 billion, down 2.1% on the year
Synaptics Inc. (SYNA) reported revenue of $1.7 billion for fiscal 2016, the year ended 25 June 2016, down 2.1% on the year before. Net income was $72 million, down 34.6%, and diluted earnings per share $1.91. The figures are the company's own, from the 10-K it filed with the SEC on 24 August 2018.
Revenue
$1.7 billion
-2.1% on the year
FY2009FY2016
Operating margin
4.5%
9.5% a year earlier
FY2009FY2016
Net income
$72 million
-34.6% on the year
FY2009FY2016
Diluted EPS
$1.91
-32.7% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
1,667
1,703
948
-2.1%
Cost of revenue
1,085
1,124
511
-3.5%
Gross profit
582
579
436
+0.5%
Gross margin
34.9%
34.0%
46.0%
Research and development
311
293
193
+6.1%
Selling, general and administrative
162
128
100
+26.4%
Operating income
75.2
162
72.5
-53.6%
Operating margin
4.5%
9.5%
7.6%
Interest expense
4.8
3.8
n/a
+26.3%
Pre-tax income
75.6
160
74.5
-52.8%
Income tax
3.4
49.8
27.8
-93.2%
Effective tax rate
4.5%
31.1%
37.3%
Net income
72.2
110
46.7
-34.6%
Net margin
4.3%
6.5%
4.9%
Diluted EPS
$1.91
$2.84
$1.26
-32.7%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
257
204
132
+25.7%
Capital expenditure
28.6
51.9
38.7
-44.9%
Free cash flow
228
152
92.9
+49.8%
Free cash flow margin
13.7%
8.9%
9.8%
Cash from investing
-26.6
n/a
n/a
Cash from financing
-281
n/a
n/a
Depreciation and amortisation
31.2
24.8
14.2
+25.8%
Share-based compensation
56.8
44.1
32.9
+28.8%
Buybacks
241
121
70.3
+98.4%
Diluted shares, weighted
38m
39m
37m
-2.6%
Shares outstanding at period end
35m
38m
37m
-6.2%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
705
793
701
-11.1%
Debt
236
242
0.0
-2.8%
Other liabilities
360
484
319
-25.7%
Total liabilities and equity
1,300
1,519
1,020
-14.4%
Fixed assets
113
123
80.8
-8.7%
Goodwill
207
207
61.0
0.0%
Intangible assets
160
235
82.1
-31.9%
Investments
n/a
n/a
19.8
Cash and equivalents
352
400
447
-11.9%
Receivables
253
325
195
-22.2%
Inventory
146
140
82.3
+4.4%
Other assets
69.2
89.1
52.0
-22.3%
Total assets
1,300
1,519
1,020
-14.4%
10-K for the year ended 25 June 2016, filed 24 August 2018: the filing.