Synaptics (SYNA) FY2021 results: revenue $1.3 billion, up 0.4% on the year
Synaptics Inc. (SYNA) reported revenue of $1.3 billion for fiscal 2021, the year ended 26 June 2021, up 0.4% on the year before. Net income was $80 million, down 33.0%, and diluted earnings per share $2.08. The figures are the company's own, from the 10-K it filed with the SEC on 23 August 2021.
Revenue
$1.3 billion
+0.4% on the year
FY2014FY2021
Operating margin
11.0%
5.2% a year earlier
FY2014FY2021
Net income
$80 million
-33.0% on the year
FY2014FY2021
Diluted EPS
$2.08
-39.0% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Revenue
1,340
1,334
1,472
+0.4%
Cost of revenue
728
791
975
-7.9%
Gross profit
611
543
497
+12.5%
Gross margin
45.6%
40.7%
33.8%
Research and development
313
302
343
+3.6%
Selling, general and administrative
145
127
131
+14.1%
Operating income
147
68.9
-6.3
+113.4%
Operating margin
11.0%
5.2%
-0.4%
Interest expense
29.5
22.5
21.2
+31.1%
Pre-tax income
120
159
-20.8
-24.7%
Income tax
31.4
38.6
0.3
-18.7%
Effective tax rate
26.1%
24.2%
n/a
Net income
79.6
119
-22.9
-33.0%
Net margin
5.9%
8.9%
-1.6%
Diluted EPS
$2.08
$3.41
-$0.66
-39.0%
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
319
222
154
+43.9%
Capital expenditure
21.1
16.3
23.7
+29.4%
Free cash flow
298
206
130
+45.1%
Free cash flow margin
22.3%
15.4%
8.9%
Cash from investing
-523
120
-20.9
Cash from financing
274
93.9
-107
+191.9%
Depreciation and amortisation
21.6
26.7
35.6
-19.1%
Share-based compensation
66.1
49.3
59.0
+34.1%
Buybacks
0.0
30.2
118
Diluted shares, weighted
38m
35m
35m
+10.1%
Shares outstanding at period end
35m
34m
33m
+3.5%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
967
819
657
+18.1%
Debt
882
587
468
+50.3%
Operating lease liabilities
24.0
14.6
n/a
+64.4%
Other liabilities
354
274
284
+29.5%
Total liabilities and equity
2,227
1,694
1,410
+31.5%
Fixed assets
91.2
84.3
103
+8.2%
Goodwill
570
361
373
+58.0%
Intangible assets
302
93.4
145
+222.8%
Investments
0.0
n/a
n/a
Cash and equivalents
836
763
328
+9.5%
Receivables
228
195
230
+16.9%
Inventory
82.0
102
159
-19.6%
Other assets
118
94.6
72.7
+24.2%
Total assets
2,227
1,694
1,410
+31.5%
10-K for the year ended 26 June 2021, filed 23 August 2021: the filing.