Company Quick10K Filing
Skyworks Solutions
Price80.99 EPS5
Shares174 P/E17
MCap14,133 P/FCF15
Net Debt-851 EBIT1,015
TEV13,281 TEV/EBIT13
TTM 2019-09-27, in MM, except price, ratios
10-Q 2020-06-26 Filed 2020-07-24
10-Q 2020-03-27 Filed 2020-05-05
10-Q 2019-12-27 Filed 2020-01-24
10-K 2019-09-27 Filed 2019-11-14
10-Q 2019-06-28 Filed 2019-08-07
10-Q 2019-03-29 Filed 2019-05-03
10-Q 2018-12-28 Filed 2019-02-06
10-K 2018-09-28 Filed 2018-11-15
10-Q 2018-06-29 Filed 2018-07-20
10-Q 2018-03-30 Filed 2018-05-04
10-Q 2017-12-29 Filed 2018-02-05
10-K 2017-09-29 Filed 2017-11-13
10-Q 2017-06-30 Filed 2017-07-27
10-Q 2017-03-31 Filed 2017-05-03
10-Q 2016-12-30 Filed 2017-02-07
10-K 2016-09-30 Filed 2016-11-22
10-Q 2016-07-01 Filed 2016-08-03
10-Q 2016-04-01 Filed 2016-05-04
10-Q 2016-01-01 Filed 2016-02-03
10-K 2015-10-02 Filed 2015-11-24
10-Q 2015-07-03 Filed 2015-08-05
10-Q 2015-04-03 Filed 2015-05-06
10-Q 2015-01-02 Filed 2015-02-04
10-K 2014-10-03 Filed 2014-11-25
10-Q 2014-06-27 Filed 2014-07-30
10-Q 2014-03-28 Filed 2014-05-02
10-Q 2013-12-27 Filed 2014-01-29
10-K 2013-09-27 Filed 2013-11-18
10-Q 2013-06-28 Filed 2013-07-31
10-Q 2013-03-29 Filed 2013-05-01
10-Q 2012-12-28 Filed 2013-01-31
10-K 2012-09-28 Filed 2012-11-21
10-Q 2012-06-29 Filed 2012-08-01
10-Q 2012-03-30 Filed 2012-05-08
10-Q 2011-12-30 Filed 2012-02-07
10-K 2011-09-30 Filed 2011-11-28
10-Q 2011-07-01 Filed 2011-08-09
10-Q 2011-04-01 Filed 2011-05-11
10-K 2010-10-01 Filed 2010-11-29
10-Q 2010-07-02 Filed 2010-08-10
10-Q 2010-04-02 Filed 2010-05-11
10-Q 2010-01-01 Filed 2010-02-09
8-K 2020-07-23 Earnings, Other Events, Exhibits
8-K 2020-05-06
8-K 2020-05-04
8-K 2020-04-14
8-K 2020-03-04
8-K 2020-01-23
8-K 2019-12-17
8-K 2019-11-12
8-K 2019-08-22
8-K 2019-08-07
8-K 2019-06-04
8-K 2019-05-08
8-K 2019-05-02
8-K 2019-02-05
8-K 2019-01-30
8-K 2019-01-08
8-K 2018-11-13
8-K 2018-11-08
8-K 2018-08-03
8-K 2018-07-23
8-K 2018-07-19
8-K 2018-05-11
8-K 2018-05-03
8-K 2018-02-14
8-K 2018-02-05

SWKS 10Q Quarterly Report

Part 1. Financial Information
Item 1. Financial Statements.
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations.
Item 3. Quantitative and Qualitative Disclosures About Market Risk.
Item 4. Controls and Procedures.
Part II. Other Information
Item 1. Legal Proceedings.
Item 1A. Risk Factors.
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
Item 6. Exhibits.
EX-10.1 ex1012002esppmay2020.htm
EX-10.2 ex102nqesppmay2020.htm
EX-31.1 q320exhibit311.htm
EX-31.2 q320exhibit312.htm
EX-32.1 q320exhibit321.htm
EX-32.2 q320exhibit322.htm

Skyworks Solutions Earnings 2020-06-26

Balance SheetIncome StatementCash Flow
4.93.92.92.01.00.02012201420172020
Assets, Equity
1.10.90.70.40.20.02012201420172020
Rev, G Profit, Net Income
0.60.30.1-0.2-0.4-0.72012201420172020
Ops, Inv, Fin

swks-20200626
0000004127FALSE2020Q310/2June 26, 20200.90.825.025.00.250.25525.0525.0232.1230.2167.1170.1P1YP1YP3MP3MP0Y00000041272019-09-282020-06-26xbrli:shares00000041272020-07-17iso4217:USDxbrli:sharesiso4217:USD00000041272020-03-282020-06-2600000041272019-03-302019-06-2800000041272018-09-292019-06-2800000041272020-06-2600000041272019-09-270000004127us-gaap:CommonStockMember2019-09-270000004127us-gaap:TreasuryStockMember2019-09-270000004127us-gaap:AdditionalPaidInCapitalMember2019-09-270000004127us-gaap:RetainedEarningsMember2019-09-270000004127us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-09-270000004127us-gaap:RetainedEarningsMember2019-09-282019-12-2700000041272019-09-282019-12-270000004127us-gaap:CommonStockMember2019-09-282019-12-270000004127us-gaap:TreasuryStockMember2019-09-282019-12-270000004127us-gaap:AdditionalPaidInCapitalMember2019-09-282019-12-270000004127us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-09-282019-12-270000004127us-gaap:CommonStockMember2019-12-270000004127us-gaap:TreasuryStockMember2019-12-270000004127us-gaap:AdditionalPaidInCapitalMember2019-12-270000004127us-gaap:RetainedEarningsMember2019-12-270000004127us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-12-2700000041272019-12-270000004127us-gaap:RetainedEarningsMember2019-12-282020-03-2700000041272019-12-282020-03-270000004127us-gaap:CommonStockMember2019-12-282020-03-270000004127us-gaap:TreasuryStockMember2019-12-282020-03-270000004127us-gaap:AdditionalPaidInCapitalMember2019-12-282020-03-270000004127us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-12-282020-03-270000004127us-gaap:CommonStockMember2020-03-270000004127us-gaap:TreasuryStockMember2020-03-270000004127us-gaap:AdditionalPaidInCapitalMember2020-03-270000004127us-gaap:RetainedEarningsMember2020-03-270000004127us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-03-2700000041272020-03-270000004127us-gaap:RetainedEarningsMember2020-03-282020-06-260000004127us-gaap:CommonStockMember2020-03-282020-06-260000004127us-gaap:TreasuryStockMember2020-03-282020-06-260000004127us-gaap:AdditionalPaidInCapitalMember2020-03-282020-06-260000004127us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-03-282020-06-260000004127us-gaap:CommonStockMember2020-06-260000004127us-gaap:TreasuryStockMember2020-06-260000004127us-gaap:AdditionalPaidInCapitalMember2020-06-260000004127us-gaap:RetainedEarningsMember2020-06-260000004127us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-06-260000004127us-gaap:CommonStockMember2018-09-280000004127us-gaap:TreasuryStockMember2018-09-280000004127us-gaap:AdditionalPaidInCapitalMember2018-09-280000004127us-gaap:RetainedEarningsMember2018-09-280000004127us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-09-2800000041272018-09-280000004127us-gaap:RetainedEarningsMember2018-09-292018-12-2800000041272018-09-292018-12-280000004127us-gaap:CommonStockMember2018-09-292018-12-280000004127us-gaap:TreasuryStockMember2018-09-292018-12-280000004127us-gaap:AdditionalPaidInCapitalMember2018-09-292018-12-280000004127us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-09-292018-12-280000004127us-gaap:CommonStockMember2018-12-280000004127us-gaap:TreasuryStockMember2018-12-280000004127us-gaap:AdditionalPaidInCapitalMember2018-12-280000004127us-gaap:RetainedEarningsMember2018-12-280000004127us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-12-2800000041272018-12-280000004127us-gaap:RetainedEarningsMember2018-12-292019-03-2900000041272018-12-292019-03-290000004127us-gaap:CommonStockMember2018-12-292019-03-290000004127us-gaap:TreasuryStockMember2018-12-292019-03-290000004127us-gaap:AdditionalPaidInCapitalMember2018-12-292019-03-290000004127us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-12-292019-03-290000004127us-gaap:CommonStockMember2019-03-290000004127us-gaap:TreasuryStockMember2019-03-290000004127us-gaap:AdditionalPaidInCapitalMember2019-03-290000004127us-gaap:RetainedEarningsMember2019-03-290000004127us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-03-2900000041272019-03-290000004127us-gaap:RetainedEarningsMember2019-03-302019-06-280000004127us-gaap:CommonStockMember2019-03-302019-06-280000004127us-gaap:TreasuryStockMember2019-03-302019-06-280000004127us-gaap:AdditionalPaidInCapitalMember2019-03-302019-06-280000004127us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-03-302019-06-280000004127us-gaap:CommonStockMember2019-06-280000004127us-gaap:TreasuryStockMember2019-06-280000004127us-gaap:AdditionalPaidInCapitalMember2019-06-280000004127us-gaap:RetainedEarningsMember2019-06-280000004127us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-06-2800000041272019-06-280000004127us-gaap:AccountingStandardsUpdate201602Member2019-09-280000004127country:US2020-03-282020-06-260000004127country:US2019-03-302019-06-280000004127country:US2019-09-282020-06-260000004127country:US2018-09-292019-06-280000004127country:CN2020-03-282020-06-260000004127country:CN2019-03-302019-06-280000004127country:CN2019-09-282020-06-260000004127country:CN2018-09-292019-06-280000004127country:KR2020-03-282020-06-260000004127country:KR2019-03-302019-06-280000004127country:KR2019-09-282020-06-260000004127country:KR2018-09-292019-06-280000004127country:TW2020-03-282020-06-260000004127country:TW2019-03-302019-06-280000004127country:TW2019-09-282020-06-260000004127country:TW2018-09-292019-06-280000004127us-gaap:EMEAMember2020-03-282020-06-260000004127us-gaap:EMEAMember2019-03-302019-06-280000004127us-gaap:EMEAMember2019-09-282020-06-260000004127us-gaap:EMEAMember2018-09-292019-06-280000004127swks:AsiaOtherMember2020-03-282020-06-260000004127swks:AsiaOtherMember2019-03-302019-06-280000004127swks:AsiaOtherMember2019-09-282020-06-260000004127swks:AsiaOtherMember2018-09-292019-06-28xbrli:pure0000004127us-gaap:AccountsReceivableMember2019-09-282020-06-260000004127us-gaap:AccountsReceivableMember2018-09-292019-06-280000004127us-gaap:OtherCurrentAssetsMemberus-gaap:USTreasuryAndGovernmentMember2020-06-260000004127us-gaap:OtherCurrentAssetsMemberus-gaap:USTreasuryAndGovernmentMember2019-09-270000004127us-gaap:USTreasuryAndGovernmentMemberus-gaap:OtherNoncurrentAssetsMember2020-06-260000004127us-gaap:USTreasuryAndGovernmentMemberus-gaap:OtherNoncurrentAssetsMember2019-09-270000004127us-gaap:OtherCurrentAssetsMemberus-gaap:CorporateDebtSecuritiesMember2020-06-260000004127us-gaap:OtherCurrentAssetsMemberus-gaap:CorporateDebtSecuritiesMember2019-09-270000004127us-gaap:CorporateDebtSecuritiesMemberus-gaap:OtherNoncurrentAssetsMember2020-06-260000004127us-gaap:CorporateDebtSecuritiesMemberus-gaap:OtherNoncurrentAssetsMember2019-09-270000004127us-gaap:OtherCurrentAssetsMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2020-06-260000004127us-gaap:OtherCurrentAssetsMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2019-09-270000004127us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:OtherNoncurrentAssetsMember2020-06-260000004127us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:OtherNoncurrentAssetsMember2019-09-270000004127us-gaap:OtherCurrentAssetsMember2020-06-260000004127us-gaap:OtherCurrentAssetsMember2019-09-270000004127us-gaap:OtherNoncurrentAssetsMember2020-06-260000004127us-gaap:OtherNoncurrentAssetsMember2019-09-270000004127us-gaap:USTreasuryAndGovernmentMember2020-06-260000004127us-gaap:CorporateDebtSecuritiesMember2020-06-260000004127us-gaap:USStatesAndPoliticalSubdivisionsMember2019-09-270000004127us-gaap:FairValueMeasurementsRecurringMember2020-06-260000004127us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2020-06-260000004127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2020-06-260000004127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-06-260000004127us-gaap:FairValueMeasurementsRecurringMember2019-09-270000004127us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2019-09-270000004127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2019-09-270000004127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-09-270000004127us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasuryAndGovernmentMember2020-06-260000004127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueInputsLevel2Member2020-06-260000004127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueInputsLevel3Member2020-06-260000004127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasuryAndGovernmentMember2019-09-270000004127us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasuryAndGovernmentMember2019-09-270000004127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueInputsLevel2Member2019-09-270000004127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueInputsLevel3Member2019-09-270000004127us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMember2020-06-260000004127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Member2020-06-260000004127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Member2020-06-260000004127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMember2019-09-270000004127us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMember2019-09-270000004127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Member2019-09-270000004127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Member2019-09-270000004127us-gaap:USStatesAndPoliticalSubdivisionsMember2020-06-260000004127us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2020-06-260000004127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueInputsLevel2Member2020-06-260000004127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueInputsLevel3Member2020-06-260000004127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2019-09-270000004127us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2019-09-270000004127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueInputsLevel2Member2019-09-270000004127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueInputsLevel3Member2019-09-270000004127us-gaap:LandAndLandImprovementsMember2020-06-260000004127us-gaap:LandAndLandImprovementsMember2019-09-270000004127us-gaap:BuildingAndBuildingImprovementsMember2020-06-260000004127us-gaap:BuildingAndBuildingImprovementsMember2019-09-270000004127us-gaap:FurnitureAndFixturesMember2020-06-260000004127us-gaap:FurnitureAndFixturesMember2019-09-270000004127us-gaap:MachineryAndEquipmentMember2020-06-260000004127us-gaap:MachineryAndEquipmentMember2019-09-270000004127us-gaap:ConstructionInProgressMember2020-06-260000004127us-gaap:ConstructionInProgressMember2019-09-270000004127us-gaap:CustomerRelationshipsMember2019-09-282020-06-260000004127us-gaap:CustomerRelationshipsMember2020-06-260000004127us-gaap:CustomerRelationshipsMember2019-09-270000004127us-gaap:TechnologyBasedIntangibleAssetsMember2019-09-282020-06-260000004127us-gaap:TechnologyBasedIntangibleAssetsMember2020-06-260000004127us-gaap:TechnologyBasedIntangibleAssetsMember2019-09-270000004127us-gaap:TradeNamesMember2019-09-282020-06-260000004127us-gaap:TradeNamesMember2020-06-260000004127us-gaap:TradeNamesMember2019-09-270000004127us-gaap:LicensingAgreementsMember2019-09-282020-06-260000004127us-gaap:LicensingAgreementsMember2020-06-260000004127us-gaap:LicensingAgreementsMember2019-09-270000004127us-gaap:InProcessResearchAndDevelopmentMember2020-06-260000004127us-gaap:InProcessResearchAndDevelopmentMember2019-09-270000004127us-gaap:CostOfSalesMember2020-06-260000004127us-gaap:OperatingExpenseMember2020-06-260000004127us-gaap:InProcessResearchAndDevelopmentMember2019-09-282020-06-2600000041272019-01-302019-01-3000000041272019-01-300000004127us-gaap:DividendDeclaredMemberus-gaap:SubsequentEventMember2020-07-232020-07-230000004127us-gaap:DividendDeclaredMemberus-gaap:SubsequentEventMember2020-09-010000004127us-gaap:DividendDeclaredMemberus-gaap:SubsequentEventMember2020-09-012020-09-010000004127us-gaap:DividendDeclaredMemberus-gaap:SubsequentEventMember2020-08-112020-08-110000004127us-gaap:CostOfSalesMember2020-03-282020-06-260000004127us-gaap:CostOfSalesMember2019-03-302019-06-280000004127us-gaap:CostOfSalesMember2019-09-282020-06-260000004127us-gaap:CostOfSalesMember2018-09-292019-06-280000004127us-gaap:ResearchAndDevelopmentExpenseMember2020-03-282020-06-260000004127us-gaap:ResearchAndDevelopmentExpenseMember2019-03-302019-06-280000004127us-gaap:ResearchAndDevelopmentExpenseMember2019-09-282020-06-260000004127us-gaap:ResearchAndDevelopmentExpenseMember2018-09-292019-06-280000004127us-gaap:SellingGeneralAndAdministrativeExpensesMember2020-03-282020-06-260000004127us-gaap:SellingGeneralAndAdministrativeExpensesMember2019-03-302019-06-280000004127us-gaap:SellingGeneralAndAdministrativeExpensesMember2019-09-282020-06-260000004127us-gaap:SellingGeneralAndAdministrativeExpensesMember2018-09-292019-06-28
Table of Contents
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q

(Mark One)
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 26, 2020
OR
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from __________to__________

Commission file number 001-05560
Skyworks Solutions, Inc.
(Exact name of registrant as specified in its charter)
Delaware04-2302115
(State or other jurisdiction of incorporation or organization)
(I.R.S. Employer Identification No.)
5260 California AvenueIrvineCalifornia92617
(Address of principal executive offices)
(Zip Code)
(949)
231-3000
(Registrant’s telephone number, including area code)


Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, par value $0.25 per shareSWKSNasdaq Global Select Market
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.   þ Yes ¨ No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).  þ Yes ¨ No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filerþ
Accelerated filer
Non-accelerated filer
 Smaller reporting company Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes þ No

As of July 17, 2020, the registrant had 167,036,087 shares of common stock, par value $0.25 per share, outstanding.

1


SKYWORKS SOLUTIONS, INC.

QUARTERLY REPORT ON FORM 10-Q
FOR THE QUARTER ENDED JUNE 26, 2020

TABLE OF CONTENTS
PAGE NO.
1

Table of Contents
PART 1. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS.
SKYWORKS SOLUTIONS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited, in millions, except per share amounts)
Three Months EndedNine Months Ended
June 26,
2020
June 28,
2019
June 26,
2020
June 28,
2019
Net revenue$736.8  $767.0  $2,398.9  $2,549.4  
Cost of goods sold402.7  454.5  1,244.9  1,351.6  
Gross profit334.1  312.5  1,154.0  1,197.8  
Operating expenses:
Research and development117.0  100.6  337.9  317.3  
Selling, general and administrative55.0  46.8  169.1  142.5  
Amortization of intangibles2.8  5.5  9.0  18.6  
Restructuring, impairment and other charges11.8    13.8  1.3  
Total operating expenses186.6  152.9  529.8  479.7  
Operating income147.5  159.6  624.2  718.1  
Other income (expense), net(3.5) 2.3  1.4  8.9  
Income before income taxes144.0  161.9  625.6  727.0  
Provision for income taxes14.3  17.8  57.7  84.0  
Net income$129.7  $144.1  $567.9  $643.0  
Earnings per share:
Basic$0.78  $0.83  $3.36  $3.69  
Diluted$0.77  $0.83  $3.33  $3.67  
Weighted average shares:
Basic167.0  172.6  169.1  174.3  
Diluted168.3  173.4  170.3  175.2  
Cash dividends declared and paid per share$0.44  $0.38  $1.32  $1.14  
        
See accompanying Notes to Consolidated Financial Statements.


2

Table of Contents
SKYWORKS SOLUTIONS, INC.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(Unaudited, in millions)
Three Months EndedNine Months Ended
June 26,
2020
June 28,
2019
June 26,
2020
June 28,
2019
Net income$129.7  $144.1  $567.9  $643.0  
Other comprehensive income, net of tax
Fair value of investments(0.1) 0.3  0.3  0.5  
Pension adjustments      0.5  
Comprehensive income$129.6  $144.4  $568.2  $644.0  
See accompanying Notes to Consolidated Financial Statements.

3

Table of Contents
SKYWORKS SOLUTIONS, INC.
CONSOLIDATED BALANCE SHEETS
(In millions, except per share amounts)
As of
June 26,
2020
September 27,
2019
ASSETS(unaudited)
Current assets:
Cash and cash equivalents$791.3  $851.3  
Marketable securities 347.0  203.3  
Receivables, net of allowance of $0.9 and $0.8, respectively
346.1  465.3  
Inventory698.2  609.7  
Other current assets154.8  105.0  
Total current assets2,337.4  2,234.6  
Property, plant and equipment, net1,206.9  1,205.6  
Operating lease right-of-use assets172.7    
Goodwill1,189.8  1,189.8  
Intangible assets, net62.9  107.9  
Deferred tax assets, net42.6  40.8  
Marketable securities24.1  27.6  
Other long-term assets36.0  33.3  
Total assets$5,072.4  $4,839.6  
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable$200.9  $190.5  
Accrued compensation and benefits94.6  76.0  
Other current liabilities105.6  107.5  
Total current liabilities401.1  374.0  
Long-term tax liabilities300.6  312.4  
Long-term operating lease liabilities155.8    
Other long-term liabilities32.5  30.9  
Total liabilities890.0  717.3  
Commitments and contingencies (Note 9)
Stockholders’ equity:
Preferred stock, no par value: 25.0 shares authorized, no shares issued
    
Common stock, $0.25 par value: 525.0 shares authorized; 232.1 shares issued and 167.1 shares outstanding at June 26, 2020, and 230.2 shares issued and 170.1 shares outstanding at September 27, 2019
41.8  42.5  
Additional paid-in capital3,351.5  3,188.0  
Treasury stock, at cost(3,860.3) (3,412.9) 
Retained earnings4,657.0  4,312.6  
Accumulated other comprehensive loss(7.6) (7.9) 
Total stockholders’ equity4,182.4  4,122.3  
Total liabilities and stockholders’ equity$5,072.4  $4,839.6  
See accompanying Notes to Consolidated Financial Statements.
4

Table of Contents
SKYWORKS SOLUTIONS, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(In millions)
Shares of common stockPar value of common stockShares of treasury stockValue of treasury stockAdditional paid-in capitalRetained earningsAccumulated other comprehensive loss
Total stockholders equity
Balance at September 27, 2019170.1  $42.5  60.1  $(3,412.9) $3,188.0  $4,312.6  $(7.9) $4,122.3  
Net income—  —  —  —  —  257.1  —  257.1  
Exercise and settlement of share-based awards, net of shares withheld for taxes1.1  0.3  0.3  (26.7) 34.6  —  —  8.2  
Share-based compensation expense—  —  —  —  29.1  —  —  29.1  
Stock repurchase program(0.7) (0.2) 0.7  (74.2) 0.2  —  —  (74.2) 
Dividends declared—  —  —  —  —  (75.1) —  (75.1) 
Other comprehensive loss—  —  —  —  —  —  (0.1) (0.1) 
Balance at December 27, 2019170.5  $42.6  61.1  $(3,513.8) $3,251.9  $4,494.6  $(8.0) $4,267.3  
Net income—  $—  —  $—  $—  181.1  —  181.1  
Exercise and settlement of share-based awards and related tax benefit, net of shares withheld for taxes0.3  0.1    (2.0) 20.4  —  —  18.5  
Share-based compensation expense—  —  —  —  34.1  —  —  34.1  
Stock repurchase program(3.2) (0.8) 3.2  (283.8) 0.8  —  —  (283.8) 
Dividends declared—  —  —  —  —  (74.9) —  (74.9) 
Other comprehensive income—  —  —  —  —  —  0.5  0.5  
Balance at March 27, 2020167.6  $41.9  64.3  $(3,799.6) $3,307.2  $4,600.8  $(7.5) $4,142.8  
Net income—  —  —  —  —  129.7  —  129.7  
Exercise and settlement of share-based awards and related tax benefit, net of shares withheld for taxes0.2  0.1    (2.2) 8.9  —  —  6.8  
Share-based compensation expense—  —  —  —  35.2  —  —  35.2  
Stock repurchase program(0.7) (0.2) 0.7  (58.5) 0.2  —  —  (58.5) 
Dividends declared—  —  —  —  —  (73.5) —  (73.5) 
Other comprehensive loss—  —  —  —  —  —  (0.1) (0.1) 
Balance at June 26, 2020167.1  $41.8  65.0  $(3,860.3) $3,351.5  $4,657.0  $(7.6) $4,182.4  
Balance at September 28, 2018177.4  $44.4  51.0  $(2,732.5) $3,061.0  $3,732.9  $(8.8) $4,097.0  
Net income284.9  284.9  
Exercise and settlement of share-based awards, net of shares withheld for taxes0.7  0.1  0.2  (19.6) 5.1  —  —  (14.4) 
Share-based compensation expense—  —  —  —  21.3  —  —  21.3  
Stock repurchase program(4.0) (1.0) 4.0  (284.0) 1.0  —  —  (284.0) 
Dividends declared—  —  —  —  —  (67.1) —  (67.1) 
Other comprehensive income—  —  —  —  —  —  0.6  0.6  
Balance at December 28, 2018174.1  $43.5  55.2  $(3,036.1) $3,088.4  $3,950.7  $(8.2) $4,038.3  
Net income214.0  214.0  
Exercise and settlement of share-based awards and related tax benefit, net of shares withheld for taxes0.3  0.1  0.1  (1.5) 15.5  —  —  14.2  
Share-based compensation expense—  —  —  —  21.8  —  —  21.8  
Stock repurchase program(1.7) (0.4) 1.7  (141.5) 0.5  —  —  (141.5) 
Dividends declared—  —  —  —  —  (66.0) —  (66.0) 
Other comprehensive income—  —  —  —  —  —  0.1  0.1  
5

Table of Contents
Balance at March 29, 2019172.7  $43.2  57.0  $(3,179.1) $3,126.2  $4,098.7  $(8.1) $4,080.9  
Net income—  —  —  —  —  144.1  —  144.1  
Exercise and settlement of share-based awards and related tax benefit, net of shares withheld for taxes0.2      (0.7) 7.8  —  —  7.1  
Share-based compensation expense—  —  —  —  19.0  —  —  19.0  
Stock repurchase program(1.2) (0.3) 1.2  (85.8) 0.2  —  —  (85.8) 
Dividends declared—  —  —  —  —  (65.7) —  (65.7) 
Other comprehensive income—  —  —  —  —  —  0.3  0.3  
Balance at June 28, 2019171.6  $42.9  58.2  $(3,265.6) $3,153.3  $4,177.1  $(7.8) $4,099.9  
See accompanying Notes to Consolidated Financial Statements.

6

Table of Contents

SKYWORKS SOLUTIONS, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited, in millions)
Nine Months Ended
June 26,
2020
June 28,
2019
Cash flows from operating activities:
Net income$567.9  $643.0  
Adjustments to reconcile net income to net cash provided by operating activities:
Share-based compensation111.6  58.6  
Depreciation238.2  235.4  
Amortization of intangible assets, including inventory step-up35.4  43.3  
Deferred income taxes(1.8) (12.1) 
Asset impairment charges11.8    
Changes in fair value of contingent consideration—  (3.1) 
Other, net2.8  0.1  
Changes in assets and liabilities:
Receivables, net119.2  98.0  
Inventory(83.5) (89.7) 
Accounts payable12.7  (24.5) 
Other current and long-term assets and liabilities(76.8) 1.4  
Net cash provided by operating activities937.5  950.4  
Cash flows from investing activities:
Capital expenditures(243.5) (314.0) 
Purchased intangibles(7.6) (11.8) 
Purchases of marketable securities(439.9) (243.7) 
Sales and maturities of marketable securities300.0  334.4  
Net cash used in investing activities(391.0) (235.1) 
Cash flows from financing activities:
Repurchase of common stock - payroll tax withholdings on equity awards(30.9) (21.6) 
Repurchase of common stock - stock repurchase program(416.5) (511.3) 
Dividends paid(223.5) (198.8) 
Net proceeds from exercise of stock options52.2  14.6  
Proceeds from employee stock purchase plan12.2  11.3  
Net cash used in financing activities(606.5) (705.8) 
Net increase (decrease) in cash and cash equivalents(60.0) 9.5  
Cash and cash equivalents at beginning of period851.3  733.3  
Cash and cash equivalents at end of period$791.3  $