Skyworks Solutions, Inc. (SWKS) Financial Statements (2024 and earlier)

Company Profile

Business Address 5260 CALIFORNIA AVENUE
IRVINE, CA 92617
State of Incorp. DE
Fiscal Year End September 30
Industry (SIC) 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7371,061993586659775
Cash and cash equivalents722833820566643656
Short-term investments152291732016118
Receivables7276857641,094786798
Inventory, net of allowances, customer advances and progress billings1,2361,2571,2731,2121,102928
Inventory1,2361,2571,2731,2121,102928
Other current assets426396384338361274
Total current assets:3,1253,3993,4143,2302,9082,776
Noncurrent Assets
Operating lease, right-of-use asset207211215223208208
Property, plant and equipment1,4241,4961,5631,6051,6071,578
Long-term investments and receivables3  133
Long-term investments3  133
Intangible assets, net (including goodwill)3,4463,4983,5503,6213,7193,743
Goodwill2,1772,1772,1772,1772,1772,177
Intangible assets, net (excluding goodwill)1,2701,3221,3731,4451,5421,566
Deferred income tax assets1381198353102108
Other noncurrent assets12011812314214896
Total noncurrent assets:5,3395,4435,5335,6445,7875,736
TOTAL ASSETS:8,4648,8428,9478,8748,6958,512
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities248269272503538540
Employee-related liabilities114109122
Accounts payable160166180274320296
Accrued liabilities8810492114109122
Debt150500500499499 
Other liabilities419400454339298278
Other undisclosed current liabilities    (114)(109)(122)
Total current liabilities:8171,1691,2261,2271,226697
Noncurrent Liabilities
Long-term debt and lease obligation:    207190199
Liabilities, other than long-term debt428449482421295240
Accounts payable and accrued liabilities   140  
Liability for uncertainty in income taxes187196216214228209
Other liabilities485363686731
Operating lease, liability193200203207190199
Other undisclosed noncurrent liabilities1,3421,4911,6901,5501,6892,187
Total noncurrent liabilities:1,7691,9402,1722,1782,1742,626
Total liabilities:2,5863,1093,3983,4053,4003,323
Equity
Equity, attributable to parent5,8785,7335,5505,4695,2955,189
Common stock404040404040
Treasury stock, value     (893)(773)
Additional paid in capital10456412268218
Accumulated other comprehensive loss(6)(6)(6)(5)(5)(5)
Retained earnings5,7405,6435,5125,4225,8855,708
Total equity:5,8785,7335,5505,4695,2955,189
TOTAL LIABILITIES AND EQUITY:8,4648,8428,9478,8748,6958,512

Income Statement (P&L) ($ in millions)

9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
Revenues1,0711,1531,3291,4071,2331,336
Cost of revenue(607)(626)(692)(738)(649)(698)
Gross profit:464527638669583638
Operating expenses(233)(254)(271)(281)(258)(270)
Operating income:231273367388326367
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
851(2)(0)(2)
Interest and debt expense(16)(19)(17)(14)(11)(11)
Income from continuing operations before income taxes:222260351372314354
Income tax expense(26)(27)(41)(70)(47)(48)
Income from continuing operations:196233309302267306
Income before gain (loss) on sale of properties:302267306
Net income available to common stockholders, diluted:196233309302267306

Comprehensive Income ($ in millions)

9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
Net income:196233309302267306
Other comprehensive income (loss)   (1) 0(0)
Other undisclosed comprehensive income (loss)   (3)  
Comprehensive income:196233309299268306
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   3  
Comprehensive income, net of tax, attributable to parent:196233309302268306

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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