Income Statement Skyworks Solutions, Inc.

Equities

SWKS

US83088M1027

Semiconductors

Market Closed - Nasdaq Other stock markets 21:00:00 07/07/2025 BST			5-day change	1st Jan Change
76.19 ^USD	-3.26%		+2.24%	-14.08%

07-01	Mizuho Adjusts Price Target on Skyworks Solutions to $75 From $72, Maintains Neutral Rating	MT
06-30	Skyworks Solutions, Inc.(NasdaqGS:SWKS) added to Russell 2500 Value Index	CI

3b5f518fab0a6758.T6H7Ich_Y6qfDj0MNpU7UO0N1PcLwjvTLSQMldr3zIU.K8yiYocQLofwfkhaXv0NKN1dvZ1-tVWnd3Jb-ZPGisw_1c1uoxEO2MViUg

Published financial data: SKYWORKS SOLUTIONS, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: September	2020	2021	2022	2023	2024
Revenues	3.36B	5.11B	5.49B	4.77B	4.18B
Total Revenues	3.36B	5.11B	5.49B	4.77B	4.18B
Cost of Goods Sold, Total	1.72B	2.6B	2.88B	2.67B	2.46B
Gross Profit	1.64B	2.51B	2.6B	2.11B	1.72B
Selling General & Admin Expenses, Total	231M	282M	330M	314M	301M
R&D Expenses	464M	532M	618M	607M	632M
Amortization of Goodwill and Intangible Assets - (IS)	11.8M	36M	98.9M	33.2M	900K
Other Operating Expenses, Total	707M	850M	1.05B	954M	933M
Operating Income	929M	1.66B	1.56B	1.15B	787M
Interest Expense, Total	-	-13.4M	-47.9M	-64.4M	-30.7M
Interest And Investment Income	-	1.2M	-	-	-
Net Interest Expenses	-	-12.2M	-47.9M	-64.4M	-30.7M
Other Non Operating Income (Expenses)	-100K	-1.9M	-2.5M	18.2M	29.7M
EBT, Excl. Unusual Items	929M	1.65B	1.51B	1.11B	786M
Restructuring Charges	-2M	-1.8M	-10M	36.2M	-2.1M
Merger & Related Restructuring Charges	-	-40.7M	-	-	-
Gain (Loss) On Sale Of Investments	-	100K	-	-	-
Asset Writedown	-11.8M	-7.1M	-20.7M	-64.5M	-148M
Other Unusual Items	-23.4M	-	-	-	-
EBT, Incl. Unusual Items	892M	1.6B	1.48B	1.08B	636M
Income Tax Expense	76.9M	100M	201M	96M	40.4M
Earnings From Continuing Operations	815M	1.5B	1.28B	983M	596M
Net Income to Company	815M	1.5B	1.28B	983M	596M
Net Income - (IS)	815M	1.5B	1.28B	983M	596M
Net Income to Common Incl Extra Items	815M	1.5B	1.28B	983M	596M
Net Income to Common Excl. Extra Items	815M	1.5B	1.28B	983M	596M
Per Share Items
Net EPS - Basic	4.84	9.07	7.85	6.17	3.72
Basic EPS - Continuing Operations	4.84	9.07	7.85	6.17	3.72
Basic Weighted Average Shares Outstanding	168M	165M	162M	159M	160M
Net EPS - Diluted	4.8	8.97	7.81	6.13	3.69
Diluted EPS - Continuing Operations	4.8	8.97	7.81	6.13	3.69
Diluted Weighted Average Shares Outstanding	170M	167M	163M	160M	162M
Normalized Basic EPS	3.45	6.24	5.8	4.34	3.07
Normalized Diluted EPS	3.42	6.17	5.77	4.32	3.04
Dividend Per Share	1.82	2.06	2.3	2.54	2.74
Payout Ratio	37.68	22.73	29.26	41.23	73.67
Supplemental Items
EBITDA	1.26B	2.03B	2.05B	1.57B	1.05B
EBITA	941M	1.7B	1.66B	1.19B	788M
EBIT	929M	1.66B	1.56B	1.15B	787M
EBITDAR	1.29B	2.07B	2.11B	1.63B	1.11B
Effective Tax Rate - (Ratio)	8.62	6.28	13.64	8.9	6.35
Current Domestic Taxes	44.4M	87.5M	88.8M	164M	79.2M
Current Foreign Taxes	49.5M	70.7M	51.5M	74.4M	60.8M
Total Current Taxes	93.9M	158M	140M	239M	140M
Deferred Domestic Taxes	-6.8M	-45.9M	44M	-102M	-121M
Deferred Foreign Taxes	-10.2M	-11.9M	17.1M	-40.4M	21.4M
Total Deferred Taxes	-17M	-57.8M	61.1M	-143M	-99.6M
Normalized Net Income	581M	1.03B	942M	692M	492M
Non-Cash Pension Expense	-	-	-	-	-
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	464M	532M	618M	607M	632M
Net Rental Expense, Total	35.7M	37.1M	55.9M	59M	56.1M
Imputed Operating Lease Interest Expense	-	3.07M	8.87M	15.49M	10.17M
Imputed Operating Lease Depreciation	-	34.03M	47.03M	43.51M	45.93M
Stock-Based Comp., COGS (Total)	23.2M	28.9M	26.9M	20.7M	32M
Stock-Based Comp., R&D Exp. (Total)	68.7M	85.7M	93.8M	94.8M	85.5M
Stock-Based Comp., SG&A Exp. (Total)	64.7M	77.3M	74.5M	69.6M	62.8M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	157M	192M	195M	185M	180M

Fiscal Period: September	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	567M	883M	566M	719M	1.37B
Short Term Investments	408M	137M	20.3M	15.6M	194M
Total Cash And Short Term Investments	975M	1.02B	586M	734M	1.56B
Accounts Receivable, Total	394M	756M	1.09B	864M	509M
Total Receivables	394M	756M	1.09B	864M	509M
Inventory	806M	885M	1.21B	1.12B	785M
Prepaid Expenses	-	-	242M	306M	235M
Other Current Assets, Total	143M	204M	95.2M	155M	250M
Total Current Assets	2.32B	2.87B	3.23B	3.18B	3.34B
Gross Property Plant And Equipment	3.35B	3.88B	4.33B	4.38B	4.4B
Accumulated Depreciation	-1.93B	-2.21B	-2.51B	-2.78B	-2.93B
Net Property Plant And Equipment	1.42B	1.67B	1.83B	1.6B	1.47B
Long-term Investments	5.2M	7.1M	500K	4.1M	11.4M
Goodwill	1.19B	2.18B	2.18B	2.18B	2.18B
Other Intangibles, Total	53.5M	1.7B	1.44B	1.22B	900M
Deferred Tax Assets Long-Term	55.3M	120M	52.7M	192M	304M
Other Long-Term Assets, Total	67.9M	55.7M	142M	56.5M	78.3M
Total Assets	5.11B	8.59B	8.87B	8.43B	8.28B
Liabilities
Accounts Payable, Total	227M	236M	274M	159M	172M
Accrued Expenses, Total	114M	135M	114M	94.3M	128M
Current Portion of Long-Term Debt	-	-	499M	299M	-
Current Portion of Leases	28.2M	33M	18.5M	28.3M	20.2M
Current Income Taxes Payable	-	88.6M	48.8M	58.8M	52.5M
Unearned Revenue Current, Total	20.3M	120M	227M	271M	192M
Other Current Liabilities	59.5M	45.9M	45M	44.8M	38.1M
Total Current Liabilities	448M	658M	1.23B	956M	603M
Long-Term Debt	-	2.24B	1.69B	993M	994M
Long-Term Leases	151M	144M	207M	189M	186M
Pension & Other Post Retirement Benefits	-	-	-	-	-
Other Non Current Liabilities	343M	255M	281M	207M	164M
Total Liabilities	942M	3.29B	3.4B	2.34B	1.95B
Common Stock, Total	41.4M	41.3M	40M	39.9M	40M
Additional Paid In Capital	3.4B	79.6M	11.9M	172M	269M
Retained Earnings	4.82B	5.19B	5.42B	5.88B	6.03B
Treasury Stock	-4.09B	-1.7M	-	-	-
Comprehensive Income and Other	-7.8M	-7.9M	-4.8M	-5.6M	-5.6M
Total Common Equity	4.16B	5.3B	5.47B	6.08B	6.34B
Total Equity	4.16B	5.3B	5.47B	6.08B	6.34B
Total Liabilities And Equity	5.11B	8.59B	8.87B	8.43B	8.28B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	166M	165M	160M	160M	160M
ECS Total Common Shares Outstanding	166M	165M	160M	160M	160M
Book Value / Share	25.15	32.05	34.14	38.14	39.63
Tangible Book Value	2.92B	1.42B	1.85B	2.68B	3.26B
Tangible Book Value Per Share	17.64	8.6	11.53	16.83	20.38
Total Debt	179M	2.41B	2.41B	1.51B	1.2B
Net Debt	-801M	1.39B	1.83B	771M	-374M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	-	-	-	-
Debt Equivalent Oper. Leases	286M	297M	447M	472M	449M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	37.8M	62.2M	81.3M	57.2M	30.3M
Inventories - Work In Process, Total	566M	596M	805M	747M	520M
Inventories - Finished Goods, Total	202M	227M	326M	316M	234M
Land - (BS)	11.8M	11.9M	11.9M	11.8M	11.9M
Buildings, Total	425M	471M	556M	588M	610M
Machinery, Total	2.6B	3.05B	3.39B	3.46B	3.5B
Full Time Employees	10K	11K	11.15K	9.75K	10.1K
Accumulated Allowance for Doubtful Accounts (Supple)	600K	700K	800K	800K	900K

Fiscal Period: September	2020	2021	2022	2023	2024
Net Income	815M	1.5B	1.28B	983M	596M
Depreciation & Amortization - CF	318M	332M	394M	388M	265M
Amortization of Goodwill and Intangible Assets - (CF)	11.8M	36M	98.9M	33.2M	900K
Depreciation & Amortization, Total	330M	368M	493M	421M	266M
Amortization of Deferred Charges, Total - (CF)	-	1.1M	4M	4M	2.5M
Asset Writedown & Restructuring Costs	11.8M	7.1M	20.7M	64.5M	148M
Stock-Based Compensation (CF)	157M	192M	195M	185M	180M
Tax Benefit from Stock Options	-	-	-	-	-
Other Operating Activities, Total	24.6M	9.2M	264M	38M	68.4M
Change In Accounts Receivable	71.7M	-398M	-338M	230M	355M
Change In Inventories	-190M	-41.2M	-337M	90.8M	330M
Change In Accounts Payable	61.1M	59.6M	31.3M	-87.1M	10.4M
Change in Other Net Operating Assets	-75.8M	75.5M	-184M	-72.5M	-132M
Cash from Operations	1.2B	1.77B	1.42B	1.86B	1.82B
Capital Expenditure	-389M	-638M	-489M	-210M	-157M
Sale of Property, Plant, and Equipment	-	-	7.7M	-	-
Cash Acquisitions	-	-2.75B	-	-	-
Sale (Purchase) of Intangible assets	-9.1M	-14.3M	-20.3M	-25.8M	-26.1M
Investment in Marketable and Equity Securities, Total	-183M	270M	123M	5.2M	-184M
Other Investing Activities, Total	-	-	-	6.5M	11.6M
Cash from Investing	-581M	-3.13B	-379M	-224M	-356M
Long-Term Debt Issued, Total	-	2.49B	-	-	-
Total Debt Issued	-	2.49B	-	-	-
Long-Term Debt Repaid, Total	-	-250M	-50M	-900M	-300M
Total Debt Repaid	-	-250M	-50M	-900M	-300M
Issuance of Common Stock	79.9M	36.4M	35.8M	37.2M	33.7M
Repurchase of Common Stock	-681M	-251M	-975M	-211M	-114M
Common Dividends Paid	-307M	-341M	-373M	-405M	-439M
Common & Preferred Stock Dividends Paid	-307M	-341M	-373M	-405M	-439M
Other Financing Activities, Total	-	-5.8M	-	-	-
Cash from Financing	-908M	1.68B	-1.36B	-1.48B	-819M
Net Change in Cash	-285M	316M	-317M	153M	650M
Supplemental Items
Cash Interest Paid	-	2.2M	44.4M	62.3M	28.3M
Cash Income Tax Paid (Refund)	111M	184M	230M	229M	181M
Levered Free Cash Flow	552M	642M	412M	1.17B	1.36B
Unlevered Free Cash Flow	552M	650M	438M	1.21B	1.38B
Change In Net Working Capital	117M	297M	715M	-117M	-621M
Net Debt Issued / Repaid	-	2.24B	-50M	-900M	-300M

Fiscal Period: September	2020	2021	2022	2023	2024
Profitability
Return on Assets	11.68	15.17	11.15	8.33	5.89
Return on Total Capital	13.72	17.24	12.49	9.32	6.51
Return On Equity %	19.67	31.67	23.69	17.02	9.6
Return on Common Equity	19.67	31.67	23.69	17.02	9.6
Margin Analysis
Gross Profit Margin %	48.76	49.18	47.48	44.16	41.19
SG&A Margin	6.9	5.52	6.01	6.58	7.2
EBITDA Margin %	37.52	39.74	37.39	32.99	25.21
EBITA Margin %	28.04	33.24	30.2	24.86	18.87
EBIT Margin %	27.68	32.54	28.4	24.17	18.85
Income From Continuing Operations Margin %	24.28	29.33	23.25	20.59	14.27
Net Income Margin %	24.28	29.33	23.25	20.59	14.27
Net Avail. For Common Margin %	24.28	29.33	23.25	20.59	14.27
Normalized Net Income Margin	17.3	20.16	17.17	14.5	11.76
Levered Free Cash Flow Margin	16.46	12.57	7.51	24.55	32.54
Unlevered Free Cash Flow Margin	16.46	12.72	7.98	25.31	32.94
Asset Turnover
Asset Turnover	0.67	0.75	0.63	0.55	0.5
Fixed Assets Turnover	2.56	3.31	3.14	2.79	2.72
Receivables Turnover (Average Receivables)	7.81	9.17	5.93	4.87	6.09
Inventory Turnover (Average Inventory)	2.43	3.07	2.75	2.29	2.58
Short Term Liquidity
Current Ratio	5.17	4.35	2.63	3.33	5.54
Quick Ratio	3.05	2.7	1.37	1.67	3.44
Operating Cash Flow to Current Liabilities	2.69	2.69	1.16	1.94	3.03
Days Sales Outstanding (Average Receivables)	47.48	39.71	61.39	74.68	59.81
Days Outstanding Inventory (Average Inventory)	152.73	118.52	132.47	159.24	141.06
Average Days Payable Outstanding	40.42	31.49	28.94	30.66	28.39
Cash Conversion Cycle (Average Days)	159.8	126.74	164.91	203.26	172.49
Long Term Solvency
Total Debt/Equity	4.3	45.56	44.15	24.81	18.94
Total Debt / Total Capital	4.12	31.3	30.63	19.88	15.93
LT Debt/Equity	3.62	44.93	34.68	19.43	18.62
Long-Term Debt / Total Capital	3.47	30.87	24.06	15.56	15.66
Total Liabilities / Total Assets	18.46	38.34	38.37	27.82	23.5
EBIT / Interest Expense	-	124.05	32.52	17.91	25.65
EBITDA / Interest Expense	-	154.3	43.99	25.36	36.13
(EBITDA - Capex) / Interest Expense	-	106.7	33.77	22.1	31.02
Total Debt / EBITDA	0.14	1.17	1.15	0.92	1.08
Net Debt / EBITDA	-0.62	0.67	0.87	0.47	-0.34
Total Debt / (EBITDA - Capex)	0.2	1.69	1.49	1.06	1.26
Net Debt / (EBITDA - Capex)	-0.88	0.97	1.13	0.54	-0.39
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-0.62	52.25	7.37	-13	-12.46
Gross Profit, 1 Yr. Growth %	-2.01	55.77	3.66	-19.08	-18.34
EBITDA, 1 Yr. Growth %	-7.58	64.32	1.01	-23.24	-33.11
EBITA, 1 Yr. Growth %	-10.19	85.12	-2.46	-28.38	-33.56
EBIT, 1 Yr. Growth %	-9.36	83.56	-6.29	-25.96	-31.73
Earnings From Cont. Operations, 1 Yr. Growth %	-4.55	83.89	-14.89	-22.93	-39.36
Net Income, 1 Yr. Growth %	-4.55	83.89	-14.89	-22.93	-39.36
Normalized Net Income, 1 Yr. Growth %	-10.16	82.04	-8.55	-26.55	-28.97
Diluted EPS Before Extra, 1 Yr. Growth %	-1.84	86.88	-12.93	-21.51	-39.8
Accounts Receivable, 1 Yr. Growth %	-15.41	110.93	44.67	-21	-41.13
Inventory, 1 Yr. Growth %	32.2	9.8	36.96	-7.62	-29.91
Net Property, Plant and Equip., 1 Yr. Growth %	17.57	17.66	9.6	-12.71	-7.75
Total Assets, 1 Yr. Growth %	5.52	68.22	3.3	-5.04	-1.7
Tangible Book Value, 1 Yr. Growth %	3.41	-51.32	29.95	45.26	21.45
Common Equity, 1 Yr. Growth %	1.02	27.21	3.25	11.22	4.18
Cash From Operations, 1 Yr. Growth %	-11.91	47.11	-19.6	30.31	-1.71
Capital Expenditures, 1 Yr. Growth %	-2.26	63.79	-23.27	-57.03	-25.34
Levered Free Cash Flow, 1 Yr. Growth %	-18.05	19.51	-35.9	184.55	16.02
Unlevered Free Cash Flow, 1 Yr. Growth %	-18.05	20.86	-32.62	175.97	13.92
Dividend Per Share, 1 Yr. Growth %	15.19	13.19	11.65	10.43	7.87
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-6.86	23	27.85	-3.35	-12.73
Gross Profit, 2 Yr. CAGR %	-8.41	25.16	27.07	-8.42	-18.71
EBITDA, 2 Yr. CAGR %	-11.59	25.16	28.83	-11.05	-28.34
EBITA, 2 Yr. CAGR %	-16.16	31.55	34.38	-15.4	-31.02
EBIT, 2 Yr. CAGR %	-16.11	31.67	31.15	-15.67	-28.9
Earnings From Cont. Operations, 2 Yr. CAGR %	-5.81	32.49	25.1	-19.01	-31.64
Net Income, 2 Yr. CAGR %	-5.81	32.49	25.1	-19.01	-31.64
Normalized Net Income, 2 Yr. CAGR %	-16.52	30.5	29.02	-17.01	-27.77
Diluted EPS Before Extra, 2 Yr. CAGR %	-2.12	35.44	27.56	-17.33	-31.26
Accounts Receivable, 2 Yr. CAGR %	-22.53	27.48	74.69	6.91	-31.8
Inventory, 2 Yr. CAGR %	28.23	20.48	22.63	12.48	-19.53
Net Property, Plant and Equip., 2 Yr. CAGR %	11.46	17.61	13.56	-2.19	-10.26
Total Assets, 2 Yr. CAGR %	2.84	33.23	31.82	-0.96	-3.38
Tangible Book Value, 2 Yr. CAGR %	2.81	-29.05	-20.47	37.39	32.82
Common Equity, 2 Yr. CAGR %	0.82	13.36	14.6	7.16	7.64
Cash From Operations, 2 Yr. CAGR %	-2.25	13.84	8.75	2.35	13.17
Capital Expenditures, 2 Yr. CAGR %	-3.97	26.53	12.11	-42.58	-43.36
Levered Free Cash Flow, 2 Yr. CAGR %	-2.14	0.78	-12.48	37.81	81.7
Unlevered Free Cash Flow, 2 Yr. CAGR %	-2.14	1.35	-9.76	39.11	77.31
Dividend Per Share, 2 Yr. CAGR %	16.54	14.18	12.42	11.04	9.15
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-2.78	9.72	17.55	12.46	-6.49
Gross Profit, 3 Yr. CAGR %	-3.87	8.8	17.54	9.32	-11.85
EBITDA, 3 Yr. CAGR %	-5.83	8.02	16.53	8.41	-19.11
EBITA, 3 Yr. CAGR %	-9.77	8.26	19.07	8.95	-21.94
EBIT, 3 Yr. CAGR %	-9.49	7.99	17.56	8.39	-21.4
Earnings From Cont. Operations, 3 Yr. CAGR %	-6.91	17.72	14.32	6.45	-26.46
Net Income, 3 Yr. CAGR %	-6.91	17.72	14.32	6.45	-26.46
Normalized Net Income, 3 Yr. CAGR %	-9.57	7.33	15.91	6.93	-21.21
Diluted EPS Before Extra, 3 Yr. CAGR %	-3.91	21.43	16.89	8.49	-25.63
Accounts Receivable, 3 Yr. CAGR %	-4.7	4.86	32.97	34.09	-12.37
Inventory, 3 Yr. CAGR %	17.76	21.77	25.74	11.58	-3.93
Net Property, Plant and Equip., 3 Yr. CAGR %	17.12	13.49	14.88	4.02	-4.08
Total Assets, 3 Yr. CAGR %	3.74	21.17	22.4	18.17	-1.21
Tangible Book Value, 3 Yr. CAGR %	-2.12	-19.87	-13.19	-2.78	31.86
Common Equity, 3 Yr. CAGR %	0.8	8.94	9.88	13.46	6.16
Cash From Operations, 3 Yr. CAGR %	-6.13	12.02	1.38	15.51	0.98
Capital Expenditures, 3 Yr. CAGR %	8.69	14.73	7.1	-18.56	-37.33
Levered Free Cash Flow, 3 Yr. CAGR %	-14.71	3.67	-13.33	29.66	30.13
Unlevered Free Cash Flow, 3 Yr. CAGR %	-14.71	4.06	-11.55	30.98	30.15
Dividend Per Share, 3 Yr. CAGR %	16.2	15.41	13.33	11.75	9.98
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	0.59	9.21	8.48	4.29	4.35
Gross Profit, 5 Yr. CAGR %	1.03	8.57	7.17	1.56	1.42
EBITDA, 5 Yr. CAGR %	0.6	8.17	6.35	-0.46	-4.07
EBITA, 5 Yr. CAGR %	-2.36	7.98	5.28	-2.38	-4.29
EBIT, 5 Yr. CAGR %	-1.98	8.15	4.45	-2.67	-3.86
Earnings From Cont. Operations, 5 Yr. CAGR %	0.41	8.53	4.77	1.36	-6.93
Net Income, 5 Yr. CAGR %	0.41	8.53	4.77	1.36	-6.93
Normalized Net Income, 5 Yr. CAGR %	-1.99	8.09	3.71	-3.64	-4.07
Diluted EPS Before Extra, 5 Yr. CAGR %	3.2	11.61	7.62	4.12	-5.48
Accounts Receivable, 5 Yr. CAGR %	-6.06	12.66	19.2	5.68	1.8
Inventory, 5 Yr. CAGR %	24.64	15.86	19.69	17.96	5.18
Net Property, Plant and Equip., 5 Yr. CAGR %	11.39	15.64	15.68	6.94	4.07
Total Assets, 5 Yr. CAGR %	6.55	17.38	14.17	11.78	11.35
Tangible Book Value, 5 Yr. CAGR %	5.29	-11.38	-9.92	-0.58	2.91
Common Equity, 5 Yr. CAGR %	5.68	8.39	6.11	8.22	8.98
Cash From Operations, 5 Yr. CAGR %	3.94	10.46	-0.44	8.05	5.94
Capital Expenditures, 5 Yr. CAGR %	-1.97	27.5	10.04	-13.02	-16.99
Levered Free Cash Flow, 5 Yr. CAGR %	4.23	3.94	-14.29	15.24	16.54
Unlevered Free Cash Flow, 5 Yr. CAGR %	4.23	4.18	-13.23	15.94	16.82
Dividend Per Share, 5 Yr. CAGR %	22.87	14.21	14.67	13.64	11.64