Synaptics (SYNA) FY2018 results: revenue $1.6 billion, down 5.1% on the year
Synaptics Inc. (SYNA) reported revenue of $1.6 billion for fiscal 2018, the year ended 30 June 2018, down 5.1% on the year before. Net income was -$124 million, and diluted earnings per share $-3.63. The figures are the company's own, from the 10-K it filed with the SEC on 24 August 2018.
Revenue
$1.6 billion
-5.1% on the year
FY2011FY2018
Operating margin
-3.8%
3.8% a year earlier
FY2011FY2018
Net income
-$124 million
FY2011FY2018
Diluted EPS
-$3.63
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
1,630
1,718
1,667
-5.1%
Cost of revenue
1,150
1,195
1,085
-3.7%
Gross profit
480
524
582
-8.3%
Gross margin
29.4%
30.5%
34.9%
Research and development
363
292
311
+24.3%
Selling, general and administrative
154
138
162
+11.9%
Operating income
-61.9
64.7
75.2
Operating margin
-3.8%
3.8%
4.5%
Interest expense
22.2
6.0
4.8
+270.0%
Pre-tax income
-81.8
61.3
75.6
Income tax
40.5
12.2
3.4
+232.0%
Effective tax rate
n/a
19.9%
4.5%
Net income
-124
48.8
72.2
Net margin
-7.6%
2.8%
4.3%
Diluted EPS
-$3.63
$1.37
$1.91
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
145
153
257
-5.2%
Capital expenditure
34.1
31.4
28.6
+8.6%
Free cash flow
111
122
228
-8.7%
Free cash flow margin
6.8%
7.1%
13.7%
Cash from investing
-438
-42.3
-26.6
Cash from financing
227
-94.1
-281
Depreciation and amortisation
38.9
33.2
31.2
+17.2%
Share-based compensation
71.3
61.8
56.8
+15.4%
Buybacks
93.6
88.0
241
+6.4%
Diluted shares, weighted
34m
36m
38m
-3.9%
Shares outstanding at period end
35m
35m
35m
+1.8%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
729
740
705
-1.5%
Debt
451
217
236
+107.7%
Other liabilities
320
310
360
+3.3%
Total liabilities and equity
1,500
1,267
1,300
+18.4%
Fixed assets
118
114
113
+3.5%
Goodwill
373
207
207
+80.3%
Intangible assets
219
101
160
+117.0%
Cash and equivalents
301
368
352
-18.2%
Receivables
289
255
253
+13.3%
Inventory
131
131
146
-0.2%
Other assets
68.7
90.7
69.2
-24.3%
Total assets
1,500
1,267
1,300
+18.4%
10-K for the year ended 30 June 2018, filed 24 August 2018: the filing.