Synaptics (SYNA) FY2017 results: revenue $1.7 billion, up 3.1% on the year
Synaptics Inc. (SYNA) reported revenue of $1.7 billion for fiscal 2017, the year ended 24 June 2017, up 3.1% on the year before. Net income was $49 million, down 32.4%, and diluted earnings per share $1.37. The figures are the company's own, from the 10-K it filed with the SEC on 24 August 2018.
Revenue
$1.7 billion
+3.1% on the year
FY2010FY2017
Operating margin
3.8%
4.5% a year earlier
FY2010FY2017
Net income
$49 million
-32.4% on the year
FY2010FY2017
Diluted EPS
$1.37
-28.3% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
1,718
1,667
1,703
+3.1%
Cost of revenue
1,195
1,085
1,124
+10.1%
Gross profit
524
582
579
-10.0%
Gross margin
30.5%
34.9%
34.0%
Research and development
292
311
293
-6.1%
Selling, general and administrative
138
162
128
-14.9%
Operating income
64.7
75.2
162
-14.0%
Operating margin
3.8%
4.5%
9.5%
Interest expense
6.0
4.8
3.8
+25.0%
Pre-tax income
61.3
75.6
160
-18.9%
Income tax
12.2
3.4
49.8
+258.8%
Effective tax rate
19.9%
4.5%
31.1%
Net income
48.8
72.2
110
-32.4%
Net margin
2.8%
4.3%
6.5%
Diluted EPS
$1.37
$1.91
$2.84
-28.3%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
153
257
204
-40.4%
Capital expenditure
31.4
28.6
51.9
+9.8%
Free cash flow
122
228
152
-46.7%
Free cash flow margin
7.1%
13.7%
8.9%
Cash from investing
-42.3
-26.6
n/a
Cash from financing
-94.1
-281
n/a
Depreciation and amortisation
33.2
31.2
24.8
+6.4%
Share-based compensation
61.8
56.8
44.1
+8.8%
Buybacks
88.0
241
121
-63.4%
Diluted shares, weighted
36m
38m
39m
-6.1%
Shares outstanding at period end
35m
35m
38m
-1.6%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
740
705
793
+5.0%
Debt
217
236
242
-7.9%
Other liabilities
310
360
484
-14.0%
Total liabilities and equity
1,267
1,300
1,519
-2.6%
Fixed assets
114
113
123
+1.0%
Goodwill
207
207
207
0.0%
Intangible assets
101
160
235
-37.0%
Cash and equivalents
368
352
400
+4.4%
Receivables
255
253
325
+1.0%
Inventory
131
146
140
-10.2%
Other assets
90.7
69.2
89.1
+31.1%
Total assets
1,267
1,300
1,519
-2.6%
10-K for the year ended 24 June 2017, filed 24 August 2018: the filing.