← SKYWORKS SOLUTIONS, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $995.2m | $1.0b | $918.4m | $853.6m | $814.8m | $1.5b | $1.3b | $982.8m | $596.0m | $477.1m | |
| Depreciation and amortization | $33.4m | $27.6m | $26.7m | $56.7m | $46.0m | $104.5m | $295.7m | $387.8m | $264.8m | $278.7m | |
| Depreciation | $214.4m | $227.2m | $272.5m | $314.9m | $318.3m | $332.2m | $394.4m | $387.8m | $264.8m | $278.7m | |
| Amortization of Debt Issuance Costs and Discounts | — | — | — | $0 | $0 | $1.1m | $4.0m | $4.0m | $2.5m | $1.9m | |
| Amortization of Intangible Assets | $33.4m | $27.6m | $18.3m | $22.6m | $11.8m | $36.0m | $288.4m | $225.9m | $186.5m | $184.3m | |
| Deferred Income Tax Expense (Benefit) | ($2.3m) | $6.4m | $34.5m | ($1.3m) | ($17.0m) | ($57.8m) | $61.1m | ($142.9m) | ($99.6m) | ($55.3m) | |
| Share-based Payment Arrangement, Noncash Expense | $78.0m | $88.5m | $107.8m | $80.1m | $156.6m | $191.9m | $195.2m | $185.1m | $180.3m | $232.4m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $73.3m | $49.2m | $48.0m | $22.8m | $33.1m | $55.2m | $88.5m | $35.9m | $36.3m | $44.4m | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | — | — | — | $180.3m | $232.4m | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | — | — | — | — | — | $0 | $0 | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | $9.8m | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $205.4m | $246.8m | $413.7m | $107.4m | $76.9m | $100.4m | $201.4m | $96.0m | $40.4m | $49.6m | |
| Operating Lease, Expense | — | — | — | — | $28.1m | $33.9m | $43.6m | $39.8m | — | — | |
| Other Nonoperating Income (Expense) | ($6.6m) | $3.2m | $12.8m | $9.0m | ($100k) | ($600k) | ($2.5m) | $18.2m | $29.7m | $53.8m | |
| Changes in operating assets and liabilities: | |||||||||||
| Non-cash transactions: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Inventories | $147.3m | $69.2m | ($11.9m) | $119.6m | $190.4m | $41.2m | $337.3m | ($90.8m) | ($330.4m) | ($41.8m) | |
| Increase (Decrease) in Accounts Payable | ($181.5m) | $147.8m | ($126.0m) | ($33.0m) | $61.1m | $59.6m | $31.3m | ($87.1m) | $10.4m | $67.1m | |
| Goodwill | $873.3m | $883.0m | $1.2b | $1.2b | $1.2b | $2.2b | $2.2b | $2.2b | $2.2b | $2.2b | |
| Investment Income, Interest | — | — | — | — | — | $1.2m | — | — | — | — | |
| Operating Expenses | $546.5m | $588.0m | $631.4m | $651.8m | $721.1m | $899.7m | $1.1b | $982.3m | $1.1b | $1.2b | |
| Payments of Financing Costs | — | — | — | — | — | $5.8m | $0 | $0 | — | — | |
| Proceeds from Stock Options Exercised | $28.1m | $53.8m | $38.8m | $22.1m | $57.1m | $11.6m | $6.4m | $5.1m | $1.1m | $0 | |
| Net Cash Provided by (Used in) Operating Activities | $1.1b | $1.5b | $1.3b | $1.4b | $1.2b | $1.8b | $1.4b | $1.9b | $1.8b | $1.3b | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $189.3m | $303.3m | $422.3m | $398.4m | $389.4m | $637.8m | $489.4m | $210.3m | $157.0m | $195.0m | |
| Property, plant and equipment acquisitions funded by liabilities | — | — | — | — | $389.4m | $637.8m | $489.4m | $210.3m | $157.0m | $195.0m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $55.6m | $13.7m | $404.0m | $0 | $0 | — | — | — | — | — | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | — | — | — | — | ($6.5m) | ($11.6m) | ($6.1m) | |
| Net Cash Provided by (Used in) Investing Activities | ($250.9m) | ($325.9m) | ($1.2b) | ($336.9m) | ($581.4m) | ($3.1b) | ($378.9m) | ($224.4m) | ($355.9m) | ($234.0m) | |
| Cash flows from financing activities: | |||||||||||
| Repayments of Long-term Debt | — | — | — | — | — | $250.0m | $50.0m | $900.0m | $300.0m | $0 | |
| Proceeds from Issuance of Common Stock | — | — | — | $19.7m | $22.8m | $24.8m | $29.4m | $32.1m | $32.6m | $33.1m | |
| Payments for Repurchase of Common Stock | $525.6m | $432.3m | $759.5m | $657.6m | $647.5m | $195.6m | $886.8m | $175.3m | $77.3m | $830.2m | |
| Payments of Ordinary Dividends, Common Stock | $200.8m | $214.2m | $243.2m | $273.9m | $307.0m | $340.6m | $373.1m | $405.2m | $439.1m | $432.6m | |
| Net Cash Provided by (Used in) Financing Activities | ($804.6m) | ($612.4m) | ($993.7m) | ($912.5m) | ($907.7m) | $1.7b | ($1.4b) | ($1.5b) | ($819.0m) | ($1.3b) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $40.2m | $533.0m | — | $118.0m | ($284.6m) | $316.2m | ($316.9m) | $152.8m | $649.8m | ($207.3m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | $566.0m | $718.8m | $1.4b | $1.2b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | $0 | $0 | $2.2m | $44.4m | $62.3m | $28.3m | $25.4m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.