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Delaware
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04-2302115
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(State or other jurisdiction of
incorporation or organization)
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(I.R.S. Employer Identification No.)
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20 Sylvan Road, Woburn, Massachusetts
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01801
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(Address of principal executive offices)
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(Zip Code)
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Registrant’s telephone number, including area code:
(781) 376-3000
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Large Accelerated filer
þ
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Accelerated filer
¨
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Non-accelerated filer
¨
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Smaller reporting company
¨
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Emerging growth company
¨
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(Do not check if a smaller reporting company)
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Class
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Outstanding as of April 30, 2018
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Common Stock, par value $.25 per share
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182,074,657
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PAGE NO.
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Three Months Ended
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Six Months Ended
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||||||||||||
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March 30,
2018 |
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March 31,
2017 |
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March 30,
2018 |
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March 31,
2017 |
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Net revenue
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$
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913.4
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$
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851.7
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$
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1,965.3
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$
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1,766.0
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Cost of goods sold
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454.7
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426.3
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969.8
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876.7
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Gross profit
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458.7
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425.4
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995.5
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889.3
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Operating expenses:
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Research and development
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106.7
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89.4
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204.7
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171.4
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Selling, general and administrative
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57.5
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47.8
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108.8
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98.7
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Amortization of acquisition-related intangibles
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4.1
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7.0
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8.1
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15.5
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Restructuring and other charges
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1.0
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—
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1.0
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0.6
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Total operating expenses
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169.3
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144.2
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322.6
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286.2
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Operating income
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289.4
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281.2
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672.9
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603.1
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Other income (expense), net
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2.9
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0.2
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5.0
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(0.6
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)
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Income before income taxes
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292.3
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281.4
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677.9
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602.5
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Provision for income taxes
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16.3
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56.5
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331.5
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119.8
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Net income
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$
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276.0
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$
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224.9
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$
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346.4
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$
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482.7
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Earnings per share:
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Basic
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$
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1.51
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$
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1.22
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$
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1.89
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$
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2.61
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Diluted
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$
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1.50
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$
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1.20
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$
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1.87
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$
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2.58
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Weighted average shares:
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Basic
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182.5
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184.8
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182.8
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184.8
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Diluted
|
184.3
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187.1
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184.9
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187.2
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Cash dividends declared and paid per share
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$
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0.32
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$
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0.28
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$
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0.64
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$
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0.56
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Three Months Ended
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Six Months Ended
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||||||||||||
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March 30,
2018 |
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March 31,
2017 |
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March 30,
2018 |
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March 31,
2017 |
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Net income
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$
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276.0
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$
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224.9
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$
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346.4
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$
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482.7
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Other comprehensive income
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||||||||
Change in fair value of investments
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—
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—
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—
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0.9
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||||
Foreign currency translation adjustment
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(0.3
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)
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(0.3
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)
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(0.3
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)
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0.7
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Comprehensive income
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$
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275.7
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$
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224.6
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$
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346.1
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$
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484.3
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As of
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||||||
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March 30,
2018 |
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September 29,
2017 |
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ASSETS
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(unaudited)
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Current assets:
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Cash and cash equivalents
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$
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1,881.3
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$
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1,616.8
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Receivables, net of allowance for doubtful accounts of $0.5 and $0.5, respectively
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367.2
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454.7
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Inventory
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466.4
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493.5
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Other current assets
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96.0
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68.7
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Total current assets
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2,810.9
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2,633.7
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Property, plant and equipment, net
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907.1
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882.3
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Goodwill
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883.0
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883.0
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Intangible assets, net
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62.7
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67.8
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Deferred tax assets, net
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41.2
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66.5
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Other assets
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40.2
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40.3
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Total assets
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$
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4,745.1
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$
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4,573.6
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LIABILITIES AND STOCKHOLDERS’ EQUITY
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Current liabilities:
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Accounts payable
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$
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198.4
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$
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258.4
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Accrued compensation and benefits
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66.5
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68.1
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Other current liabilities
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53.6
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61.4
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Total current liabilities
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318.5
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387.9
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Long-term tax liabilities
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321.2
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92.9
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Other long-term liabilities
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35.2
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27.1
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Total liabilities
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674.9
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507.9
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Commitments and contingencies (
Note 7
)
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Stockholders’ equity:
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Preferred stock, no par value: 25.0 shares authorized, no shares issued
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—
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—
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Common stock, $0.25 par value; 525.0 shares authorized; 228.0 shares issued and 182.1 shares outstanding at March 30, 2018, and 226.0 shares issued and 183.1 shares outstanding at September 29, 2017
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45.5
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45.8
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Additional paid-in capital
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3,002.4
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2,893.8
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Treasury stock, at cost
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(2,255.7
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)
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(1,925.0
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)
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Retained earnings
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3,286.8
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3,059.6
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Accumulated other comprehensive loss
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(8.8
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)
|
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(8.5
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)
|
||
Total stockholders’ equity
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4,070.2
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4,065.7
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|
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Total liabilities and stockholders’ equity
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$
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4,745.1
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|
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$
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4,573.6
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|
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Six Months Ended
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||||||
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March 30,
2018 |
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March 31,
2017 |
||||
Cash flows from operating activities:
|
|
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|
||||
Net income
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$
|
346.4
|
|
|
$
|
482.7
|
|
Adjustments to reconcile net income to net cash provided by operating activities:
|
|
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|
||||
Share-based compensation
|
66.8
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43.7
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|
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Depreciation
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129.6
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111.2
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|
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Amortization of intangible assets
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11.1
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|
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15.5
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|
||
Deferred income taxes
|
25.6
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0.9
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|
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Excess tax benefit from share-based compensation
|
—
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(28.2
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)
|
||
Changes in assets and liabilities net of acquired balances:
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Receivables, net
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87.5
|
|
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48.8
|
|
||
Inventory
|
26.3
|
|
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(21.3
|
)
|
||
Other current and long-term assets
|
(27.1
|
)
|
|
(18.1
|
)
|
||
Accounts payable
|
(82.2
|
)
|
|
53.2
|
|
||
Other current and long-term liabilities
|
211.0
|
|
|
36.2
|
|
||
Net cash provided by operating activities
|
795.0
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|
724.6
|
|
||
Cash flows from investing activities:
|
|
|
|
||||
Capital expenditures
|
(118.5
|
)
|
|
(105.0
|
)
|
||
Payments for acquisitions, net of cash acquired
|
—
|
|
|
(13.7
|
)
|
||
Purchased intangibles
|
(6.0
|
)
|
|
—
|
|
||
Maturity of investments
|
—
|
|
|
3.2
|
|
||
Net cash used in investing activities
|
(124.5
|
)
|
|
(115.5
|
)
|
||
Cash flows from financing activities:
|
|
|
|
||||
Excess tax benefit from share-based compensation
|
—
|
|
|
28.2
|
|
||
Repurchase of common stock - payroll tax withholdings on equity awards
|
(46.5
|
)
|
|
(44.6
|
)
|
||
Repurchase of common stock - stock repurchase program
|
(284.2
|
)
|
|
(201.7
|
)
|
||
Dividends paid
|
(117.5
|
)
|
|
(104.1
|
)
|
||
Net proceeds from exercise of stock options
|
32.3
|
|
|
31.9
|
|
||
Contribution of common shares to employee savings plan
|
9.9
|
|
|
7.2
|
|
||
Payments of contingent consideration
|
—
|
|
|
(2.9
|
)
|
||
Net cash used in financing activities
|
(406.0
|
)
|
|
(286.0
|
)
|
||
Net increase in cash and cash equivalents
|
264.5
|
|
|
323.1
|
|
||
Cash and cash equivalents at beginning of period
|
1,616.8
|
|
|
1,083.8
|
|
||
Cash and cash equivalents at end of period
|
$
|
1,881.3
|
|
|
$
|
1,406.9
|
|
Supplemental cash flow disclosures:
|
|
|
|
||||
Income taxes paid
|
$
|
76.2
|
|
|
$
|
82.0
|
|
•
|
Level 1 - Quoted prices in active markets for identical assets or liabilities.
|
•
|
Level 2 - Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets with insufficient volume or infrequent transactions (less active markets), or model-driven valuations in which all significant inputs are observable or can be derived principally from, or corroborated with, observable market data.
|
•
|
Level 3 - Fair value is derived from valuation techniques in which one or more significant inputs are unobservable, including assumptions and judgments made by the Company.
|
|
As of March 30, 2018
|
|
As of September 29, 2017
|
||||||||||||||||||||||||||||
|
|
|
Fair Value Measurements
|
|
|
|
Fair Value Measurements
|
||||||||||||||||||||||||
|
Total
|
|
Level 1
|
|
Level 2
|
|
Level 3
|
|
Total
|
|
Level 1
|
|
Level 2
|
|
Level 3
|
||||||||||||||||
Assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||
Money market funds
|
$
|
688.2
|
|
|
$
|
688.2
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
592.6
|
|
|
$
|
592.6
|
|
|
$
|
—
|
|
|
$
|
—
|
|
Total
|
$
|
688.2
|
|
|
$
|
688.2
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
592.6
|
|
|
$
|
592.6
|
|
|
$
|
—
|
|
|
$
|
—
|
|
Liabilities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||
Contingent consideration liability recorded for business combinations
|
$
|
9.1
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
9.1
|
|
|
$
|
11.9
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
11.9
|
|
Total
|
$
|
9.1
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
9.1
|
|
|
$
|
11.9
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
11.9
|
|
|
Contingent consideration
|
||
Balance as of September 29, 2017
|
$
|
11.9
|
|
Decreases to contingent consideration liability recorded for business combinations
|
(2.8
|
)
|
|
Balance as of March 30, 2018
|
$
|
9.1
|
|
|
As of
|
||||||
|
March 30,
2018 |
|
September 29,
2017 |
||||
Raw materials
|
$
|
19.0
|
|
|
$
|
24.6
|
|
Work-in-process
|
262.5
|
|
|
330.6
|
|
||
Finished goods
|
173.9
|
|
|
123.0
|
|
||
Finished goods held on consignment by customers
|
11.0
|
|
|
15.3
|
|
||
Total inventory
|
$
|
466.4
|
|
|
$
|
493.5
|
|
|
As of
|
||||||
|
March 30,
2018 |
|
September 29,
2017 |
||||
Land and improvements
|
$
|
11.6
|
|
|
$
|
11.6
|
|
Buildings and improvements
|
172.3
|
|
|
137.8
|
|
||
Furniture and fixtures
|
31.2
|
|
|
29.5
|
|
||
Machinery and equipment
|
1,834.7
|
|
|
1,715.3
|
|
||
Construction in progress
|
149.0
|
|
|
164.8
|
|
||
Total property, plant and equipment, gross
|
2,198.8
|
|
|
2,059.0
|
|
||
Accumulated depreciation
|
(1,291.7
|
)
|
|
(1,176.7
|
)
|
||
Total property, plant and equipment, net
|
$
|
907.1
|
|
|
$
|
882.3
|
|
|
|
As of
|
|
As of
|
||||||||||||||||||||
|
Weighted Average Amortization Period (Years) |
March 30, 2018
|
|
September 29, 2017
|
||||||||||||||||||||
|
Gross
Carrying Amount |
|
Accumulated Amortization |
|
Net
Carrying Amount |
|
Gross
Carrying Amount |
|
Accumulated Amortization |
|
Net
Carrying Amount |
|||||||||||||
Customer relationships
|
5
|
$
|
78.5
|
|
|
$
|
(65.7
|
)
|
|
$
|
12.8
|
|
|
$
|
78.5
|
|
|
$
|
(63.4
|
)
|
|
$
|
15.1
|
|
Developed technology and other
|
5
|
150.2
|
|
|
(116.4
|
)
|
|
33.8
|
|
|
150.2
|
|
|
(110.9
|
)
|
|
39.3
|
|
||||||
Trademarks
|
3
|
1.6
|
|
|
(0.5
|
)
|
|
1.1
|
|
|
1.6
|
|
|
(0.3
|
)
|
|
1.3
|
|
||||||
Internally developed software
|
3
|
18.0
|
|
|
(3.0
|
)
|
|
15.0
|
|
|
12.1
|
|
|
—
|
|
|
12.1
|
|
||||||
Total intangible assets
|
|
$
|
248.3
|
|
|
$
|
(185.6
|
)
|
|
$
|
62.7
|
|
|
$
|
242.4
|
|
|
$
|
(174.6
|
)
|
|
$
|
67.8
|
|
|
Remaining 2018
|
|
2019
|
|
2020
|
|
2021
|
|
2022
|
|
Thereafter
|
||||||||||||
Amortization expense
|
$
|
10.7
|
|
|
$
|
20.1
|
|
|
$
|
17.4
|
|
|
$
|
8.5
|
|
|
$
|
0.5
|
|
|
$
|
5.5
|
|
|
Three Months Ended
|
|
Six Months Ended
|
||||||||||||
|
March 30,
2018 |
|
March 31,
2017 |
|
March 30,
2018 |
|
March 31,
2017 |
||||||||
United States income taxes
|
$
|
7.8
|
|
|
$
|
51.7
|
|
|
$
|
312.7
|
|
|
$
|
108.2
|
|
Foreign income taxes
|
8.5
|
|
|
4.8
|
|
|
18.8
|
|
|
11.6
|
|
||||
Provision for income taxes
|
$
|
16.3
|
|
|
$
|
56.5
|
|
|
$
|
331.5
|
|
|
$
|
119.8
|
|
|
|
|
|
|
|
|
|
||||||||
Effective tax rate
|
5.6
|
%
|
|
20.1
|
%
|
|
48.9
|
%
|
|
19.9
|
%
|
|
Per share
|
|
Total Amount
|
||||
First quarter
|
$
|
0.32
|
|
|
$
|
58.8
|
|
Second quarter
|
0.32
|
|
|
58.5
|
|
||
Total
|
$
|
0.64
|
|
|
$
|
117.3
|
|
|
Three Months Ended
|
|
Six Months Ended
|
||||||||||||
|
March 30,
2018 |
|
March 31,
2017 |
|
March 30,
2018 |
|
March 31,
2017 |
||||||||
Cost of goods sold
|
$
|
4.2
|
|
|
$
|
3.4
|
|
|
$
|
8.3
|
|
|
$
|
7.2
|
|
Research and development
|
14.5
|
|
|
8.5
|
|
|
25.7
|
|
|
16.8
|
|
||||
Selling, general and administrative
|
22.3
|
|
|
10.2
|
|
|
32.8
|
|
|
19.7
|
|
||||
Total share-based compensation
|
$
|
41.0
|
|
|
$
|
22.1
|
|
|
$
|
66.8
|
|
|
$
|
43.7
|
|
|
Three Months Ended
|
|
Six Months Ended
|
||||||||||||
|
March 30,
2018 |
|
March 31,
2017 |
|
March 30,
2018 |
|
March 31,
2017 |
||||||||
Net income
|
$
|
276.0
|
|
|
$
|
224.9
|
|
|
$
|
346.4
|
|
|
$
|
482.7
|
|
|
|
|
|
|
|
|
|
||||||||
Weighted average shares outstanding – basic
|
182.5
|
|
|
184.8
|
|
|
182.8
|
|
|
184.8
|
|
||||
Dilutive effect of equity based awards
|
1.8
|
|
|
2.3
|
|
|
2.1
|
|
|
2.4
|
|
||||
Weighted average shares outstanding – diluted
|
184.3
|
|
|
187.1
|
|
|
184.9
|
|
|
187.2
|
|
||||
|
|
|
|
|
|
|
|
||||||||
Net income per share – basic
|
$
|
1.51
|
|
|
$
|
1.22
|
|
|
$
|
1.89
|
|
|
$
|
2.61
|
|
Net income per share – diluted
|
$
|
1.50
|
|
|
$
|
1.20
|
|
|
$
|
1.87
|
|
|
$
|
2.58
|
|
|
|
|
|
|
|
|
|
||||||||
Anti-dilutive common stock equivalents
|
0.1
|
|
|
1.0
|
|
|
0.2
|
|
|
1.2
|
|
|
Three Months Ended
|
|
Six Months Ended
|
||||||||
|
March 30,
2018 |
|
March 31,
2017 |
|
March 30,
2018 |
|
March 31,
2017 |
||||
Net revenue
|
100.0
|
%
|
|
100.0
|
%
|
|
100.0
|
%
|
|
100.0
|
%
|
Cost of goods sold
|
49.8
|
|
|
50.1
|
|
|
49.3
|
|
|
49.6
|
|
Gross profit
|
50.2
|
|
|
49.9
|
|
|
50.7
|
|
|
50.4
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
||
Research and development
|
11.7
|
|
|
10.5
|
|
|
10.4
|
|
|
9.7
|
|
Selling, general and administrative
|
6.3
|
|
|
5.6
|
|
|
5.5
|
|
|
5.6
|
|
Amortization of acquisition-related intangibles
|
0.4
|
|
|
0.8
|
|
|
0.4
|
|
|
0.9
|
|
Restructuring and other charges
|
0.1
|
|
|
—
|
|
|
0.1
|
|
|
—
|
|
Total operating expenses
|
18.5
|
|
|
16.9
|
|
|
16.4
|
|
|
16.2
|
|
Operating income
|
31.7
|
|
|
33.0
|
|
|
34.3
|
|
|
34.2
|
|
Other income (expense), net
|
0.3
|
|
|
—
|
|
|
0.2
|
|
|
—
|
|
Income before income taxes
|
32.0
|
|
|
33.0
|
|
|
34.5
|
|
|
34.2
|
|
Provision for income taxes
|
1.8
|
|
|
6.6
|
|
|
16.9
|
|
|
6.8
|
|
Net income
|
30.2
|
%
|
|
26.4
|
%
|
|
17.6
|
%
|
|
27.4
|
%
|
•
|
Net revenue increased by 11% to $1,965 million for the six months ended
March 30, 2018
, as compared with the corresponding period in fiscal year 2017. This increase in revenue was primarily driven by our success in capturing a higher share of the increasing radio frequency and analog content per device as smartphone models continue to evolve, the increasing number of applications for the Internet of Things, and our expanding analog product portfolio supporting new vertical markets including automotive, industrial, medical and military.
|
•
|
Our ending cash and cash equivalents balance increased approximately 16% to $1,881 million as of
March 30, 2018
, from $1,617 million as of September 29, 2017. This increase in cash and cash equivalents was primarily the result of cash generated from operations of $795 million, partially offset by the repurchase of 2.7 million shares of common stock for $284 million, dividend payments of $118 million, and capital expenditures of $119 million during the six months ended March 30, 2018.
|
|
Three Months Ended
|
|
Six Months Ended
|
||||||||||||
|
March 30,
2018 |
Change
|
March 31,
2017 |
|
March 30,
2018 |
Change
|
March 31,
2017 |
||||||||
(dollars in millions)
|
|
|
|
|
|
|
|
||||||||
Net revenue
|
$
|
913.4
|
|
7.2%
|
$
|
851.7
|
|
|
$
|
1,965.3
|
|
11.3%
|
$
|
1,766.0
|
|
|
Three Months Ended
|
|
Six Months Ended
|
||||||||||||
|
March 30,
2018 |
Change
|
March 31,
2017 |
|
March 30,
2018 |
Change
|
March 31,
2017 |
||||||||
(dollars in millions)
|
|
|
|
|
|
|
|
||||||||
Gross profit
|
$
|
458.7
|
|
7.8%
|
$
|
425.4
|
|
|
$
|
995.5
|
|
11.9%
|
$
|
889.3
|
|
% of net revenue
|
50.2
|
%
|
|
49.9
|
%
|
|
50.7
|
%
|
|
50.4
|
%
|
|
Three Months Ended
|
|
Six Months Ended
|
||||||||||||
|
March 30,
2018 |
Change
|
March 31,
2017 |
|
March 30,
2018 |
Change
|
March 31,
2017 |
||||||||
(dollars in millions)
|
|
|
|
|
|
|
|
||||||||
Research and development
|
$
|
106.7
|
|
19.4%
|
$
|
89.4
|
|
|
$
|
204.7
|
|
19.4%
|
$
|
171.4
|
|
% of net revenue
|
11.7
|
%
|
|
10.5
|
%
|
|
10.4
|
%
|
|
9.7
|
%
|
|
Three Months Ended
|
|
Six Months Ended
|
||||||||||||
|
March 30,
2018 |
Change
|
March 31,
2017 |
|
March 30,
2018 |
Change
|
March 31,
2017 |
||||||||
(dollars in millions)
|
|
|
|
|
|
|
|
||||||||
Selling, general and administrative
|
$
|
57.5
|
|
20.3%
|
$
|
47.8
|
|
|
$
|
108.8
|
|
10.2%
|
$
|
98.7
|
|
% of net revenue
|
6.3
|
%
|
|
5.6
|
%
|
|
5.5
|
%
|
|
5.6
|
%
|
|
Three Months Ended
|
|
Six Months Ended
|
||||||||||||
|
March 30,
2018 |
Change
|
March 31,
2017 |
|
March 30,
2018 |
Change
|
March 31,
2017 |
||||||||
(dollars in millions)
|
|
|
|
|
|
|
|
||||||||
Amortization of acquisition-related intangibles
|
$
|
4.1
|
|
(41.4)%
|
$
|
7.0
|
|
|
$
|
8.1
|
|
(47.7)%
|
$
|
15.5
|
|
% of net revenue
|
0.4
|
%
|
|
0.8
|
%
|
|
0.4
|
%
|
|
0.9
|
%
|
|
Three Months Ended
|
|
Six Months Ended
|
||||||||||||||
|
March 30,
2018 |
Change
|
March 31,
2017 |
|
March 30,
2018 |
Change
|
March 31,
2017 |
||||||||||
(dollars in millions)
|
|
|
|
|
|
|
|
||||||||||
Restructuring and other charges
|
$
|
1.0
|
|
100.0
|
%
|
$
|
—
|
|
|
$
|
1.0
|
|
66.7
|
%
|
$
|
0.6
|
|
% of net revenue
|
0.1
|
%
|
|
—
|
%
|
|
0.1
|
%
|
|
—
|
%
|
|
Three Months Ended
|
|
Six Months Ended
|
||||||||||||
|
March 30,
2018 |
Change
|
March 31,
2017 |
|
March 30,
2018 |
Change
|
March 31,
2017 |
||||||||
(dollars in millions)
|
|
|
|
|
|
|
|
||||||||
Provision for income taxes
|
$
|
16.3
|
|
(71.2)%
|
$
|
56.5
|
|
|
$
|
331.5
|
|
176.7%
|
$
|
119.8
|
|
% of net revenue
|
1.8
|
%
|
|
6.6
|
%
|
|
16.9
|
%
|
|
6.8
|
%
|
|
Six Months Ended
|
||||||
(in millions)
|
March 30,
2018 |
|
March 31,
2017 |
||||
Cash and cash equivalents at beginning of period
|
$
|
1,616.8
|
|
|
$
|
1,083.8
|
|
Net cash provided by operating activities
|
795.0
|
|
|
724.6
|
|
||
Net cash used in investing activities
|
(124.5
|
)
|
|
(115.5
|
)
|
||
Net cash used in financing activities
|
(406.0
|
)
|
|
(286.0
|
)
|
||
Cash and cash equivalents at end of period
|
$
|
1,881.3
|
|
|
$
|
1,406.9
|
|
•
|
$284.2 million
related to our repurchase of
2.7 million
shares of our common stock pursuant to the stock repurchase programs approved by our Board of Directors on January 31, 2018, and January 19, 2017;
|
•
|
$117.5 million
related to the payment of cash dividends on our common stock; and
|
•
|
$46.5 million
related to the minimum statutory payroll tax withholdings payments on the vesting of employee performance and restricted stock awards.
|
Period
|
Total Number of Shares Purchased
|
Average Price Paid per Share
|
Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (1)
|
Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (1)
|
12/30/17-01/26/18
|
2,151(2)
|
$99.32
|
—
|
$1.7 million
|
01/27/18-02/23/18
|
78,487(3)
|
$100.05
|
73,500
|
$992.7 million
|
02/24/18-03/30/18
|
958,781(4)
|
$109.98
|
950,000
|
$888.2 million
|
Total
|
1,039,419
|
|
1,023,500
|
|
Exhibit
Number
|
Exhibit Description
|
Form
|
Incorporated by Reference
|
Filed Herewith
|
||
File No.
|
Exhibit
|
Filing Date
|
||||
|
|
|
|
|
|
|
10.1
|
|
|
|
|
|
X
|
|
|
|
|
|
|
|
10.2
|
|
|
|
|
X
|
|
|
|
|
|
|
|
|
31.1
|
|
|
|
|
X
|
|
|
|
|
|
|
|
|
31.2
|
|
|
|
|
X
|
|
|
|
|
|
|
|
|
32.1
|
|
|
|
|
X
|
|
|
|
|
|
|
|
|
32.2
|
|
|
|
|
X
|
|
|
|
|
|
|
|
|
101.INS
|
XBRL Instance Document
|
|
|
|
|
X
|
|
|
|
|
|
|
|
101.SCH
|
XBRL Taxonomy Extension Schema Document
|
|
|
|
|
X
|
|
|
|
|
|
|
|
101.CAL
|
XBRL Taxonomy Extension Calculation Linkbase Document
|
|
|
|
|
X
|
|
|
|
|
|
|
|
101.DEF
|
XBRL Taxonomy Extension Definition Linkbase Document
|
|
|
|
|
X
|
|
|
|
|
|
|
|
101.LAB
|
XBRL Taxonomy Extension Label Linkbase Document
|
|
|
|
|
X
|
|
|
|
|
|
|
|
101.PRE
|
XBRL Taxonomy Extension Presentation Linkbase Document
|
|
|
|
|
X
|
|
|
|
|
|
|
SKYWORKS SOLUTIONS, INC.
|
|
|
|
|
|
Date:
|
May 4, 2018
|
By:
|
/s/ Liam K. Griffin
|
|
|
|
Liam K. Griffin
|
|
|
|
President and Chief Executive Officer
|
|
|
|
(Principal Executive Officer)
|
|
|
|
|
|
|
By:
|
/s/ Kris Sennesael
|
|
|
|
Kris Sennesael
|
|
|
|
Senior Vice President and Chief Financial Officer
|
|
|
|
(Principal Accounting and Financial Officer)
|
1.
|
I have reviewed this quarterly report on Form 10-Q of Skyworks Solutions, Inc.;
|
2.
|
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
|
3.
|
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
|
4.
|
The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
|
a)
|
designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
|
b)
|
designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
|
c)
|
evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
|
d)
|
disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
|
5.
|
The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
|
a)
|
all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
|
b)
|
any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
|
Date:
|
May 4, 2018
|
|
|
|
/s/ Liam K. Griffin
|
|
Liam K. Griffin
|
|
President and Chief Executive Officer
|
1.
|
I have reviewed this quarterly report on Form 10-Q of Skyworks Solutions, Inc.;
|
2.
|
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
|
3.
|
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
|
4.
|
The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
|
a)
|
designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
|
b)
|
designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
|
c)
|
evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
|
d)
|
disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
|
5.
|
The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
|
a)
|
all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
|
b)
|
any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
|
Date:
|
May 4, 2018
|
|
|
|
/s/ Kris Sennesael
|
|
Kris Sennesael
|
|
Executive Vice President and Chief Financial Officer
|
(1)
|
The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
|
(2)
|
The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.
|
/s/ Liam K. Griffin
|
Liam K. Griffin
President and Chief Executive Officer
|
May 4, 2018
|
(1)
|
The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
|
(2)
|
The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.
|
/s/ Kris Sennesael
|
Kris Sennesael
Senior Vice President and Chief Financial Officer
|
May 4, 2018
|