Synaptics (SYNA) FY2019 results: revenue $1.5 billion, down 9.7% on the year
Synaptics Inc. (SYNA) reported revenue of $1.5 billion for fiscal 2019, the year ended 29 June 2019, down 9.7% on the year before. Net income was -$23 million, and diluted earnings per share $-0.66. The figures are the company's own, from the 10-K it filed with the SEC on 23 August 2019.
Revenue
$1.5 billion
-9.7% on the year
FY2012FY2019
Operating margin
-0.4%
-3.8% a year earlier
FY2012FY2019
Net income
-$23 million
FY2012FY2019
Diluted EPS
-$0.66
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
1,472
1,630
1,718
-9.7%
Cost of revenue
975
1,150
1,195
-15.2%
Gross profit
497
480
524
+3.5%
Gross margin
33.8%
29.4%
30.5%
Research and development
343
363
292
-5.6%
Selling, general and administrative
131
154
138
-14.7%
Operating income
-6.3
-61.9
64.7
Operating margin
-0.4%
-3.8%
3.8%
Interest expense
21.2
22.2
6.0
-4.5%
Pre-tax income
-20.8
-81.8
61.3
Income tax
0.3
40.5
12.2
-99.3%
Effective tax rate
n/a
n/a
19.9%
Net income
-22.9
-124
48.8
Net margin
-1.6%
-7.6%
2.8%
Diluted EPS
-$0.66
-$3.63
$1.37
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
154
145
153
+6.3%
Capital expenditure
23.7
34.1
31.4
-30.5%
Free cash flow
130
111
122
+17.7%
Free cash flow margin
8.9%
6.8%
7.1%
Cash from investing
-20.9
-438
-42.3
Cash from financing
-107
227
-94.1
Depreciation and amortisation
35.6
38.9
33.2
-8.5%
Share-based compensation
59.0
71.3
61.8
-17.3%
Buybacks
118
93.6
88.0
+26.6%
Diluted shares, weighted
35m
34m
36m
+1.2%
Shares outstanding at period end
33m
35m
35m
-5.4%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
657
729
740
-9.9%
Debt
468
451
217
+3.9%
Other liabilities
284
320
310
-11.1%
Total liabilities and equity
1,410
1,500
1,267
-6.0%
Fixed assets
103
118
114
-12.6%
Goodwill
373
373
207
0.0%
Intangible assets
145
219
101
-33.9%
Cash and equivalents
328
301
368
+8.9%
Receivables
230
289
255
-20.4%
Inventory
159
131
131
+21.0%
Other assets
72.7
68.7
90.7
+5.8%
Total assets
1,410
1,500
1,267
-6.0%
10-K for the year ended 29 June 2019, filed 23 August 2019: the filing.