Synaptics incorporated (SYNA)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09
Net revenue

328,100

388,300

339,900

295,100

334,000

425,500

417,600

388,500

394,000

430,400

417,400

426,500

444,200

461,300

386,200

323,900

402,500

470,500

470,000

478,900

477,600

463,700

282,800

314,859

204,271

205,763

222,607

230,195

163,324

143,040

127,041

137,607

131,705

145,470

133,446

143,366

142,406

159,581

153,185

145,763

116,212

133,323

119,592

Cost of revenue

192,500

229,000

213,700

204,700

218,000

275,700

276,700

260,900

271,100

315,200

303,000

299,700

309,500

322,600

262,800

215,800

258,100

305,300

306,200

311,600

313,300

336,900

162,500

175,013

111,841

111,218

113,328

115,078

82,241

74,010

66,471

74,203

69,525

76,747

72,186

82,778

84,790

94,543

90,357

86,516

68,910

79,492

71,270

Gross margin

135,600

159,300

126,200

90,400

116,000

149,800

140,900

127,600

122,900

115,200

114,400

126,800

134,700

138,700

123,400

108,100

144,400

165,200

163,800

167,300

164,300

126,800

120,300

139,846

92,430

94,545

109,279

115,117

81,083

69,030

60,570

63,404

62,180

68,723

61,260

60,588

57,616

65,038

62,828

59,247

47,302

53,831

48,322

Operating expenses:
Research and development

75,800

77,000

86,000

84,300

82,600

84,200

90,000

90,200

93,700

92,200

87,100

73,800

71,600

73,500

73,400

78,200

73,900

78,600

80,500

79,700

78,700

77,300

57,500

56,915

49,412

45,931

40,442

40,901

36,740

34,257

32,802

30,476

29,415

29,837

28,226

27,487

25,956

26,640

24,920

22,923

21,212

22,442

19,975

Selling, general, and administrative

31,600

31,500

27,500

26,700

34,200

35,600

33,900

38,400

37,900

37,400

40,300

32,600

38,100

32,300

34,600

36,900

43,600

41,000

40,200

39,400

35,800

22,000

30,700

30,175

25,856

22,845

21,124

21,501

20,183

19,008

18,908

17,584

18,031

17,721

16,709

16,799

17,244

18,958

15,548

15,053

14,635

16,575

13,764

Acquired intangibles amortization

2,900

3,000

2,900

2,900

3,000

2,900

2,900

4,300

1,400

3,000

4,100

2,400

2,400

2,400

4,500

4,600

4,700

4,600

4,700

4,700

4,600

4,600

300

215

262

261

262

237

262

261

240

-

-

-

-

-

-

-

-

-

-

-

-

Change in contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,100

-4,300

2,700

-500

-6,700

-7,100

-4,500

13,169

53,043

3,430

258

200

237

576

287

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring costs

6,300

13,300

6,600

7,300

0

2,100

8,300

3,400

2,200

6,600

-200

0

300

1,700

5,300

6,700

0

0

1,900

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Litigation settlement charge

-

-

-

-

-

-

-

-

-

-

-

-

10,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

116,600

124,800

123,000

123,700

119,800

124,800

135,100

136,300

135,200

139,200

131,300

108,800

122,400

109,900

117,800

133,100

123,300

119,900

130,000

123,300

112,400

96,800

84,000

100,474

128,573

72,467

62,086

61,339

57,422

54,102

52,237

48,060

47,446

47,558

44,935

44,286

43,200

45,598

40,468

37,976

35,847

39,017

33,739

Operating income

19,000

34,500

3,200

-33,300

-3,800

25,000

5,800

-8,700

-12,300

-24,000

-16,900

18,000

12,300

28,800

5,600

-25,000

21,100

45,300

33,800

44,000

51,900

30,000

36,300

39,372

-36,143

22,078

47,193

53,778

23,661

14,928

8,333

15,344

14,734

21,165

16,325

16,302

14,416

19,440

22,360

21,271

11,455

14,814

14,583

Interest and other expense, net

-3,200

-2,300

-3,600

14,400

-4,300

-4,300

-1,900

17,700

-4,700

-4,700

-6,000

2,500

-1,500

600

-900

3,900

800

-800

-800

2,700

-1,000

-700

600

-

516

476

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

-

-

-

5

4

-

4

5

4

4

4

5

4

5

4

968

1,423

Impairment recovery on investments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18

46

-7

20

79

-10

0

-10

0

0

0

443

Interest income, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

426

-

193

225

218

223

231

251

200

232

242

226

211

205

200

241

331

Income/(loss) before provision/(benefit) for income taxes and equity investment loss

15,800

32,200

-400

-37,300

-8,100

20,700

3,900

-13,200

-17,000

-28,700

-22,900

16,400

10,800

29,400

4,700

-23,800

21,900

44,500

33,000

43,100

50,900

29,300

36,900

39,959

-35,627

22,549

47,619

54,151

23,854

15,148

8,547

15,598

15,007

21,404

16,541

16,569

14,664

19,661

22,577

21,471

11,651

14,087

13,048

Provision/(benefit) for income taxes

10,200

12,000

-4,900

8,400

-15,300

7,500

-300

-12,100

-3,900

53,300

3,200

-1,700

6,300

6,600

1,000

-16,700

1,400

9,500

9,200

11,800

19,400

8,300

10,300

5,476

4,429

5,215

12,680

8,864

-12,592

4,034

2,494

3,298

3,561

4,021

3,526

2,646

1,168

1,983

3,878

2,143

45

1,860

3,244

Equity investment loss

-600

-400

-500

-500

-500

-400

-400

-400

-600

-400

-400

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

5,000

19,800

4,000

-46,200

6,700

12,800

3,800

-1,500

-13,700

-82,400

-26,500

17,800

4,500

22,800

3,700

-7,100

20,500

35,000

23,800

31,300

31,500

21,000

26,600

34,483

-40,056

17,334

34,939

45,287

36,446

11,114

6,053

12,300

11,446

17,383

13,015

13,923

13,496

17,678

18,699

19,328

11,606

12,227

9,804

Net income per share:
Basic

0.15

0.59

0.12

-1.33

0.19

0.37

0.11

-0.02

-0.40

-2.42

-0.79

0.51

0.13

0.65

0.11

-0.20

0.56

0.96

0.65

0.84

0.86

0.57

0.72

0.89

-1.12

0.51

1.06

1.38

1.13

0.34

0.18

0.37

0.34

0.53

0.40

0.41

0.40

0.52

0.54

0.57

0.35

0.36

0.29

Diluted

0.14

0.58

0.12

-1.32

0.19

0.36

0.11

-0.02

-0.40

-2.42

-0.79

0.50

0.13

0.64

0.10

-0.18

0.54

0.93

0.62

0.79

0.82

0.55

0.68

0.90

-1.12

0.48

1.00

1.31

1.07

0.33

0.18

0.34

0.33

0.51

0.39

0.40

0.38

0.50

0.52

0.55

0.33

0.35

0.27

Shares used in computing net income per share:
Basic

34,000

33,500

33,000

34,400

34,400

34,500

35,100

34,700

34,500

34,100

33,500

34,500

34,800

35,100

34,800

36,400

36,800

36,400

36,800

37,400

36,700

36,500

37,000

36,567

35,685

33,990

32,958

33,147

32,234

32,478

32,941

33,287

33,389

32,569

32,875

33,820

33,992

33,954

34,402

33,866

33,526

33,611

34,341

Diluted

35,000

34,400

33,600

32,200

35,000

35,100

36,100

34,700

34,500

34,100

33,500

35,500

35,400

35,900

35,600

37,800

37,900

37,700

38,200

39,700

38,500

38,200

39,200

41,636

35,685

36,059

35,020

35,338

34,135

33,313

34,014

34,779

35,179

34,005

33,777

35,210

35,346

35,360

35,900

35,693

35,095

34,936

35,968