Synaptics (SYNA) FY2020 results: revenue $1.3 billion, down 9.4% on the year
Synaptics Inc. (SYNA) reported revenue of $1.3 billion for fiscal 2020, the year ended 27 June 2020, down 9.4% on the year before. Net income was $119 million, and diluted earnings per share $3.41. The figures are the company's own, from the 10-K it filed with the SEC on 21 August 2020.
Revenue
$1.3 billion
-9.4% on the year
FY2013FY2020
Operating margin
5.2%
-0.4% a year earlier
FY2013FY2020
Net income
$119 million
FY2013FY2020
Diluted EPS
$3.41
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
1,334
1,472
1,630
-9.4%
Cost of revenue
791
975
1,150
-18.9%
Gross profit
543
497
480
+9.3%
Gross margin
40.7%
33.8%
29.4%
Research and development
302
343
363
-11.7%
Selling, general and administrative
127
131
154
-3.3%
Operating income
68.9
-6.3
-61.9
Operating margin
5.2%
-0.4%
-3.8%
Interest expense
22.5
21.2
22.2
+6.1%
Pre-tax income
159
-20.8
-81.8
Income tax
38.6
0.3
40.5
+12,766.7%
Effective tax rate
24.2%
n/a
n/a
Net income
119
-22.9
-124
Net margin
8.9%
-1.6%
-7.6%
Diluted EPS
$3.41
-$0.66
-$3.63
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
222
154
145
+43.8%
Capital expenditure
16.3
23.7
34.1
-31.2%
Free cash flow
206
130
111
+57.5%
Free cash flow margin
15.4%
8.9%
6.8%
Cash from investing
120
-20.9
-438
Cash from financing
93.9
-107
227
Depreciation and amortisation
26.7
35.6
38.9
-25.0%
Share-based compensation
49.3
59.0
71.3
-16.4%
Buybacks
30.2
118
93.6
-74.5%
Diluted shares, weighted
35m
35m
34m
+0.6%
Shares outstanding at period end
34m
33m
35m
+2.3%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
819
657
729
+24.6%
Debt
587
468
451
+25.3%
Operating lease liabilities
14.6
n/a
n/a
Other liabilities
274
284
320
-3.8%
Total liabilities and equity
1,694
1,410
1,500
+20.1%
Fixed assets
84.3
103
118
-18.2%
Goodwill
361
373
373
-3.2%
Intangible assets
93.4
145
219
-35.5%
Cash and equivalents
763
328
301
+132.9%
Receivables
195
230
289
-15.1%
Inventory
102
159
131
-35.7%
Other assets
94.6
72.7
68.7
+30.1%
Total assets
1,694
1,410
1,500
+20.1%
10-K for the year ended 27 June 2020, filed 21 August 2020: the filing.