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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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(Address of principal executive offices)
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(Zip Code)
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(Registrant’s telephone number, including area code)
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Title of each class | Trading Symbol(s) | Name of each exchange on which registered | |||||||||
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þ |
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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PAGE NO. | |||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||
July 1,
2022 |
July 2,
2021 |
July 1,
2022 |
July 2,
2021 |
||||||||||||||||||||
Net revenue | $ |
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$ |
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$ |
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$ |
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Cost of goods sold |
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Gross profit |
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Operating expenses: | |||||||||||||||||||||||
Research and development |
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Selling, general, and administrative |
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Amortization of intangibles |
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Restructuring, impairment, and other charges |
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Total operating expenses |
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Operating income |
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Interest expense |
(
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(
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(
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(
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|||||||||||||||||||
Other expense, net |
(
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(
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(
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(
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Income before income taxes |
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|||||||||||||||||||
Provision (benefit) for income taxes |
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(
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|||||||||||||||||||
Net income | $ |
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$ |
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$ |
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$ |
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|||||||||||||||
Earnings per share: | |||||||||||||||||||||||
Basic | $ |
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$ |
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$ |
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$ |
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|||||||||||||||
Diluted | $ |
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$ |
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$ |
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$ |
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|||||||||||||||
Weighted average shares: | |||||||||||||||||||||||
Basic |
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Diluted |
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|
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||
July 1,
2022 |
July 2,
2021 |
July 1,
2022 |
July 2,
2021 |
||||||||||||||||||||
Net income | $ |
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$ |
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$ |
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$ |
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|||||||||||||||
Other comprehensive income (loss), net of tax: | |||||||||||||||||||||||
Fair value of investments |
|
(
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(
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(
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|||||||||||||||||||
Pension adjustments |
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|||||||||||||||||||
Comprehensive income | $ |
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$ |
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$ |
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$ |
|
As of | |||||||||||
July 1,
2022 |
October 1,
2021 |
||||||||||
ASSETS | (unaudited) | ||||||||||
Current assets: | |||||||||||
Cash and cash equivalents | $ |
|
$ |
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|||||||
Marketable securities |
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|||||||||
Receivables, net of allowances of $
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|||||||||
Inventory |
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Other current assets |
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|||||||||
Total current assets |
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|||||||||
Property, plant, and equipment, net |
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|
|||||||||
Operating lease right-of-use assets |
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|
|||||||||
Goodwill |
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|
|||||||||
Intangible assets, net |
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|||||||||
Deferred tax assets, net |
|
|
|||||||||
Marketable securities |
|
|
|||||||||
Other long-term assets |
|
|
|||||||||
Total assets | $ |
|
$ |
|
|||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||
Current liabilities: | |||||||||||
Accounts payable | $ |
|
$ |
|
|||||||
Accrued compensation and benefits |
|
|
|||||||||
Current portion of long-term debt |
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|
|||||||||
Other current liabilities |
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Total current liabilities |
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Long-term debt |
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Long-term tax liabilities |
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|||||||||
Long-term operating lease liabilities |
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Other long-term liabilities |
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|
|||||||||
Total liabilities |
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|
|||||||||
Commitments and contingencies (Note 9) | |||||||||||
Stockholders’ equity: | |||||||||||
Preferred stock, no par value:
|
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|
|||||||||
Common stock, $
|
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|||||||||
Additional paid-in capital |
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|
|||||||||
Treasury stock, at cost |
(
|
(
|
|||||||||
Retained earnings |
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|
|||||||||
Accumulated other comprehensive loss |
(
|
(
|
|||||||||
Total stockholders’ equity |
|
|
|||||||||
Total liabilities and stockholders’ equity | $ |
|
$ |
|
Nine Months Ended | |||||||||||
July 1,
2022 |
July 2,
2021 |
||||||||||
Cash flows from operating activities: | |||||||||||
Net income | $ |
|
$ |
|
|||||||
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
Share-based compensation |
|
|
|||||||||
Depreciation |
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|
|||||||||
Amortization of intangible assets, including inventory step-up |
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|
|||||||||
Deferred income taxes |
|
(
|
|||||||||
Amortization of debt discount and issuance costs |
|
|
|||||||||
Other, net |
(
|
|
|||||||||
Changes in assets and liabilities: | |||||||||||
Receivables, net |
(
|
(
|
|||||||||
Inventory |
(
|
(
|
|||||||||
Accounts payable |
|
|
|||||||||
Other current and long-term assets and liabilities |
(
|
(
|
|||||||||
Net cash provided by operating activities |
|
|
|||||||||
Cash flows from investing activities: | |||||||||||
Capital expenditures |
(
|
(
|
|||||||||
Purchased intangibles |
(
|
(
|
|||||||||
Purchases of marketable securities |
(
|
(
|
|||||||||
Sales and maturities of marketable securities |
|
|
|||||||||
Receipts from the sales of property, plant, and equipment |
|
|
|||||||||
Net cash used in investing activities |
(
|
(
|
|||||||||
Cash flows from financing activities: | |||||||||||
Repurchase of common stock - payroll tax withholdings on equity awards |
(
|
(
|
|||||||||
Repurchase of common stock - stock repurchase program |
(
|
(
|
|||||||||
Dividends paid |
(
|
(
|
|||||||||
Net proceeds from exercise of stock options |
|
|
|||||||||
Proceeds from employee stock purchase plan |
|
|
|||||||||
Proceeds from issuance of long-term debt, net |
|
|
|||||||||
Debt financing costs |
|
(
|
|||||||||
Payments of debt |
(
|
|
|||||||||
Net cash provided by (used in) financing activities |
(
|
|
|||||||||
Net increase (decrease) in cash and cash equivalents |
(
|
|
|||||||||
Cash and cash equivalents at beginning of period |
|
|
|||||||||
Cash and cash equivalents at end of period | $ |
|
$ |
|
|||||||
Supplemental cash flow disclosures: | |||||||||||
Income taxes paid | $ |
|
$ |
|
|||||||
Interest paid | $ |
|
$ |
|
|||||||
Incentives paid in common stock
|
$ |
|
$ |
|
|||||||
Non-cash investing in capital expenditures, accrued but not paid | $ |
|
$ |
|
|||||||
Operating lease assets obtained in exchange for new lease liabilities | $ |
|
$ |
|
|||||||
Retirement of treasury stock | $ |
|
$ |
|
Shares of common stock | Par value of common stock | Shares of treasury stock | Value of treasury stock | Additional paid-in capital | Retained earnings | Accumulated other comprehensive loss |
Total stockholders
’
equity
|
||||||||||||||||||||||||||||||||||||||||
Balance at October 1, 2021 |
|
$ |
|
|
$ |
(
|
$ |
|
$ |
|
$ |
(
|
$ |
|
|||||||||||||||||||||||||||||||||
Net income | — | — | — | — | — |
|
— |
|
|||||||||||||||||||||||||||||||||||||||
Exercise and settlement of share-based awards, net of shares withheld for taxes |
|
|
|
(
|
|
— | — |
(
|
|||||||||||||||||||||||||||||||||||||||
Share-based compensation expense | — | — | — | — |
|
— | — |
|
|||||||||||||||||||||||||||||||||||||||
Stock repurchase program |
(
|
(
|
|
(
|
|
— | — |
(
|
|||||||||||||||||||||||||||||||||||||||
Dividends declared | — | — | — | — | — |
(
|
— |
(
|
|||||||||||||||||||||||||||||||||||||||
Other comprehensive income | — | — | — | — | — | — |
|
|
|||||||||||||||||||||||||||||||||||||||
Balance at December 31, 2021 |
|
$ |
|
|
$ |
(
|
$ |
|
$ |
|
$ |
(
|
$ |
|
|||||||||||||||||||||||||||||||||
Net income | — | $ | — | — | $ | — | $ | — |
|
— |
|
||||||||||||||||||||||||||||||||||||
Exercise and settlement of share-based awards, net of shares withheld for taxes |
|
|
|
(
|
|
— | — |
|
|||||||||||||||||||||||||||||||||||||||
Share-based compensation expense | — | — | — | — |
|
— | — |
|
|||||||||||||||||||||||||||||||||||||||
Stock repurchase program |
(
|
(
|
|
(
|
|
— | — |
(
|
|||||||||||||||||||||||||||||||||||||||
Dividends declared | — | — | — | — | — |
(
|
— |
(
|
|||||||||||||||||||||||||||||||||||||||
Other comprehensive loss | — | — | — | — | — | — |
(
|
(
|
|||||||||||||||||||||||||||||||||||||||
Balance at April 1, 2022 |
|
$ |
|
|
$ |
(
|
$ |
|
$ |
|
$ |
(
|
$ |
|
|||||||||||||||||||||||||||||||||
Net income | — | — | — | — | — |
|
— |
|
|||||||||||||||||||||||||||||||||||||||
Exercise and settlement of share-based awards, net of shares withheld for taxes |
|
|
|
(
|
|
— | — |
(
|
|||||||||||||||||||||||||||||||||||||||
Share-based compensation expense | — | — | — | — |
|
— | — |
|
|||||||||||||||||||||||||||||||||||||||
Dividends declared | — | — | — | — | — |
(
|
— |
(
|
|||||||||||||||||||||||||||||||||||||||
Stock repurchase program |
(
|
(
|
|
(
|
|
— | — |
(
|
|||||||||||||||||||||||||||||||||||||||
Other comprehensive income | — | — | — | — | — | — |
|
|
|||||||||||||||||||||||||||||||||||||||
Balance at July 1, 2022 |
|
$ |
|
|
$ |
(
|
$ |
|
$ |
|
$ |
(
|
$ |
|
|||||||||||||||||||||||||||||||||
Balance at October 2, 2020 |
|
$ |
|
|
$ |
(
|
$ |
|
$ |
|
$ |
(
|
$ |
|
|||||||||||||||||||||||||||||||||
Net income | — | — | — | — | — |
|
— |
|
|||||||||||||||||||||||||||||||||||||||
Exercise and settlement of share-based awards, net of shares withheld for taxes |
|
|
|
(
|
|
— | — |
(
|
|||||||||||||||||||||||||||||||||||||||
Share-based compensation expense | — | — | — | — |
|
— | — |
|
|||||||||||||||||||||||||||||||||||||||
Stock repurchase program |
(
|
(
|
|
(
|
|
— | — |
(
|
|||||||||||||||||||||||||||||||||||||||
Dividends declared | — | — | — | — | — |
(
|
— |
(
|
|||||||||||||||||||||||||||||||||||||||
Other comprehensive income | — | — | — | — | — | — |
|
|
|||||||||||||||||||||||||||||||||||||||
Balance at January 1, 2021 |
|
$ |
|
|
$ |
(
|
$ |
|
$ |
|
$ |
(
|
$ |
|
|||||||||||||||||||||||||||||||||
Net income | — | — | — | — | — |
|
— |
|
|||||||||||||||||||||||||||||||||||||||
Exercise and settlement of share-based awards, net of shares withheld for taxes |
|
|
|
(
|
|
— | — |
|
|||||||||||||||||||||||||||||||||||||||
Share-based compensation expense | — | — | — | — |
|
— | — |
|
|||||||||||||||||||||||||||||||||||||||
Dividends declared | — | — | — | — | — |
(
|
— |
(
|
|||||||||||||||||||||||||||||||||||||||
Other comprehensive loss | — | — | — | — | — | — |
(
|
(
|
|||||||||||||||||||||||||||||||||||||||
Balance at April 2, 2021 |
|
$ |
|
|
$ |
(
|
$ |
|
$ |
|
$ |
(
|
$ |
|
|||||||||||||||||||||||||||||||||
Net income | — | — | — | — | — |
|
— |
|
|||||||||||||||||||||||||||||||||||||||
Exercise and settlement of share-based awards, net of shares withheld for taxes |
|
|
|
(
|
|
— | — |
(
|
Share-based compensation expense | — | — | — | — |
|
— | — |
|
|||||||||||||||||||||||||||||||||||||||
Retirement of treasury stock | — | — |
(
|
|
(
|
(
|
— |
|
|||||||||||||||||||||||||||||||||||||||
Dividends declared | — | — | — | — | — |
(
|
— |
(
|
|||||||||||||||||||||||||||||||||||||||
Other comprehensive loss | — | — | — | — | — | — |
(
|
(
|
|||||||||||||||||||||||||||||||||||||||
Balance at July 2, 2021 |
|
$ |
|
|
$ |
(
|
$ |
|
$ |
|
$ |
(
|
$ |
|
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||
July 1,
2022 |
July 2,
2021 |
July 1,
2022 |
July 2,
2021 |
||||||||||||||||||||
United States | $ |
|
$ |
|
$ |
|
$ |
|
|||||||||||||||
China |
|
|
|
|
|||||||||||||||||||
South Korea |
|
|
|
|
|||||||||||||||||||
Taiwan |
|
|
|
|
|||||||||||||||||||
Europe, Middle East, and Africa |
|
|
|
|
|||||||||||||||||||
Other Asia-Pacific |
|
|
|
|
|||||||||||||||||||
Total net revenue | $ |
|
$ |
|
$ |
|
$ |
|
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||
July 1,
2022 |
July 2,
2021 |
July 1,
2022 |
July 2,
2021 |
||||||||||||||||||||
Distributors | $ |
|
$ |
|
$ |
|
$ |
|
|||||||||||||||
Direct customers |
|
|
|
|
|||||||||||||||||||
Total net revenue | $ |
|
$ |
|
$ |
|
$ |
|
Current | Noncurrent | ||||||||||||||||||||||
July 1,
2022 |
October 1,
2021 |
July 1,
2022 |
October 1,
2021 |
||||||||||||||||||||
U.S. Treasury and government | $ |
|
$ |
|
$ |
|
$ |
|
|||||||||||||||
Corporate bonds and notes |
|
|
|
|
|||||||||||||||||||
Municipal bonds |
|
|
|
|
|||||||||||||||||||
Total marketable securities | $ |
|
$ |
|
$ |
|
$ |
|
As of | |||||||||||||||||||||||||||||||||||||||||||||||
July 1, 2022 | October 1, 2021 | ||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements | Fair Value Measurements | ||||||||||||||||||||||||||||||||||||||||||||||
Total
|
Level 1
|
Level 2
|
Level 3
|
Total
|
Level 1
|
Level 2
|
Level 3
|
||||||||||||||||||||||||||||||||||||||||
Assets | |||||||||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents* | $ |
|
$ |
|
$ |
|
$ |
|
$ |
|
$ |
|
$ |
|
$ |
|
|||||||||||||||||||||||||||||||
U.S. Treasury and government securities |
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||||||||
Corporate bonds and notes |
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||||||||
Municipal bonds |
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||||||||
Total assets at fair value | $ |
|
$ |
|
$ |
|
$ |
|
$ |
|
$ |
|
$ |
|
$ |
|
As of | |||||||||||||||||||||||
July 1,
2022 |
October 1,
2021 |
||||||||||||||||||||||
Carrying Amount | Estimated Fair Value | Carrying Amount | Estimated Fair Value | ||||||||||||||||||||
0.90% Senior Notes due 2023 | $ |
|
$ |
|
$ |
|
$ |
|
|||||||||||||||
1.80% Senior Notes due 2026 |
|
|
|
|
|||||||||||||||||||
3.00% Senior Notes due 2031 |
|
|
|
|
|||||||||||||||||||
Total debt | $ |
|
$ |
|
$ |
|
$ |
|
As of | |||||||||||
July 1,
2022 |
October 1,
2021 |
||||||||||
Raw materials | $ |
|
$ |
|
|||||||
Work-in-process |
|
|
|||||||||
Finished goods |
|
|
|||||||||
Finished goods held on consignment by customers |
|
|
|||||||||
Total inventory | $ |
|
$ |
|
As of | |||||||||||
July 1,
2022 |
October 1,
2021 |
||||||||||
Land and improvements | $ |
|
$ |
|
|||||||
Buildings and improvements |
|
|
|||||||||
Furniture and fixtures |
|
|
|||||||||
Machinery and equipment |
|
|
|||||||||
Construction in progress |
|
|
|||||||||
Total property, plant, and equipment, gross |
|
|
|||||||||
Accumulated depreciation |
(
|
(
|
|||||||||
Total property, plant, and equipment, net | $ |
|
$ |
|
As of | As of | |||||||||||||||||||||||||||||||||||||
Weighted
Average Amortization Period (Years) |
July 1, 2022 | October 1, 2021 | ||||||||||||||||||||||||||||||||||||
|
Gross
Carrying
Amount
|
Accumulated
Amortization
|
Net
Carrying
Amount
|
Gross
Carrying Amount
|
Accumulated
Amortization
|
Net
Carrying
Amount
|
||||||||||||||||||||||||||||||||
Customer relationships and backlog |
|
|
(
|
|
|
(
|
|
|||||||||||||||||||||||||||||||
Developed technology and other |
|
|
(
|
|
|
(
|
|
|||||||||||||||||||||||||||||||
Technology licenses |
|
|
(
|
|
|
(
|
|
|||||||||||||||||||||||||||||||
In-process research and development |
|
|
|
|
|
|
||||||||||||||||||||||||||||||||
Total intangible assets | $ |
|
$ |
(
|
$ |
|
$ |
|
$ |
(
|
$ |
|
Remaining 2022 | 2023 | 2024 | 2025 | 2026 | Thereafter | ||||||||||||||||||||||||||||||
Amortization expense | $ |
|
$ |
|
$ |
|
$ |
|
$ |
|
$ |
|
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||
July 1,
2022 |
July 2,
2021 |
July 1,
2022 |
July 2,
2021 |
||||||||||||||||||||
United States income taxes |
|
(
|
|
|
|||||||||||||||||||
Foreign income taxes |
|
|
|
|
|||||||||||||||||||
Provision (benefit) for income taxes | $ |
|
$ |
(
|
$ |
|
$ |
|
|||||||||||||||
Effective tax rate |
|
% |
(
|
% |
|
% |
|
% |
2022 | 2021 | ||||||||||||||||||||||
Per Share | Total Amount | Per Share | Total Amount | ||||||||||||||||||||
First quarter | $ |
|
$ |
|
$ |
|
$ |
|
|||||||||||||||
Second quarter |
|
|
|
|
|||||||||||||||||||
Third quarter |
|
|
|
|
|||||||||||||||||||
Total dividends | $ |
|
$ |
|
$ |
|
$ |
|
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||
July 1,
2022 |
July 2,
2021 |
July 1,
2022 |
July 2,
2021 |
||||||||||||||||||||
Cost of goods sold | $ |
|
$ |
|
$ |
|
$ |
|
|||||||||||||||
Research and development |
|
|
|
|
|||||||||||||||||||
Selling, general, and administrative |
|
|
|
|
|||||||||||||||||||
Total share-based compensation | $ |
|
$ |
|
$ |
|
$ |
|
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||
July 1,
2022 |
July 2,
2021 |
July 1,
2022 |
July 2,
2021 |
||||||||||||||||||||
Net income | $ |
|
$ |
|
$ |
|
$ |
|
|||||||||||||||
Weighted average shares outstanding – basic |
|
|
|
|
|||||||||||||||||||
Dilutive effect of equity-based awards |
|
|
|
|
|||||||||||||||||||
Weighted average shares outstanding – diluted |
|
|
|
|
|||||||||||||||||||
Net income per share – basic | $ |
|
$ |
|
$ |
|
$ |
|
|||||||||||||||
Net income per share – diluted | $ |
|
$ |
|
$ |
|
$ |
|
|||||||||||||||
Anti-dilutive common stock equivalents |
|
|
|
|
As of | |||||||||||
July 1,
2022 |
October 1,
2021 |
||||||||||
Accrued taxes | $ |
|
$ |
|
|||||||
Short-term operating lease liabilities |
|
|
|||||||||
Accrued customer liabilities |
|
|
|||||||||
Other |
|
|
|||||||||
Total other current liabilities | $ |
|
$ |
|
As of | |||||||||||
July 1,
2022 |
October 1,
2021 |
||||||||||
Prepaid expenses | $ |
|
$ |
|
|||||||
Other |
|
|
|||||||||
Total other current assets | $ |
|
$ |
|
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||
July 1,
2022 |
July 2,
2021 |
July 1,
2022 |
July 2,
2021 |
||||||||||||||||||||
Net revenue | 100.0 | % | 100.0 | % | 100.0 | % | 100.0 | % | |||||||||||||||
Cost of goods sold | 52.7 | 50.0 | 52.5 | 50.0 | |||||||||||||||||||
Gross profit | 47.3 | 50.0 | 47.5 | 50.0 | |||||||||||||||||||
Operating expenses: | |||||||||||||||||||||||
Research and development | 12.7 | 11.7 | 11.5 | 10.1 | |||||||||||||||||||
Selling, general, and administrative | 6.2 | 7.6 | 5.9 | 5.8 | |||||||||||||||||||
Amortization of intangibles | 1.8 | 0.2 | 1.9 | 0.2 | |||||||||||||||||||
Restructuring, impairment, and other charges | 0.2 | 0.1 | 0.2 | 0.1 | |||||||||||||||||||
Total operating expenses | 20.9 | 19.6 | 19.5 | 16.2 | |||||||||||||||||||
Operating income | 26.4 | 30.4 | 27.9 | 33.8 | |||||||||||||||||||
Interest expense | (0.9) | (0.2) | (0.8) | (0.1) | |||||||||||||||||||
Other expense, net | — | (0.1) | — | — | |||||||||||||||||||
Income before income taxes | 25.5 | 30.1 | 27.1 | 33.7 | |||||||||||||||||||
Provision (benefit) for income taxes | 3.8 | (0.2) | 3.2 | 2.8 | |||||||||||||||||||
Net income | 21.7 | % | 30.3 | % | 23.9 | % | 30.9 | % |
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||
July 1,
2022 |
Change |
July 2,
2021 |
July 1,
2022 |
Change |
July 2,
2021 |
||||||||||||||||||
(dollars in millions) | |||||||||||||||||||||||
Net revenue | $ |
|
10.4% | $ |
|
$ |
|
7.4% | $ |
|
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||
July 1,
2022 |
Change |
July 2,
2021 |
July 1,
2022 |
Change |
July 2,
2021 |
||||||||||||||||||
(dollars in millions) | |||||||||||||||||||||||
Gross profit | $ |
|
4.4% | $ |
|
$ | 1,935.7 | 1.9% | $ |
|
|||||||||||||
% of net revenue | 47.3 | % | 50.0 | % | 47.5 | % | 50.0 | % |
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||
July 1,
2022 |
Change |
July 2,
2021 |
July 1,
2022 |
Change |
July 2,
2021 |
||||||||||||||||||
(dollars in millions) | |||||||||||||||||||||||
Research and development | $ |
|
19.6 | % | $ |
|
$ |
|
22.3 | % | $ |
|
|||||||||||
% of net revenue | 12.7 | % | 11.7 | % | 11.5 | % | 10.1 | % |
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||
July 1,
2022 |
Change |
July 2,
2021 |
July 1,
2022 |
Change |
July 2,
2021 |
||||||||||||||||||
(dollars in millions) | |||||||||||||||||||||||
Selling, general, and administrative | $ |
|
(9.5) | % | $ |
|
$ |
|
9.1 | % | $ |
|
|||||||||||
% of net revenue | 6.2 | % | 7.6 | % | 5.9 | % | 5.8 | % |
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||
July 1,
2022 |
Change |
July 2,
2021 |
July 1,
2022 |
Change |
July 2,
2021 |
||||||||||||||||||
(dollars in millions) | |||||||||||||||||||||||
Amortization of intangibles | $ |
|
812.5 | % | $ |
|
$ |
|
874.7 | % | $ |
|
|||||||||||
% of net revenue | 1.8 | % | 0.2 | % | 1.9 | % | 0.2 | % |
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||
July 1,
2022 |
Change |
July 2,
2021 |
July 1,
2022 |
Change |
July 2,
2021 |
||||||||||||||||||
(dollars in millions) | |||||||||||||||||||||||
Interest expense | $ |
(
|
334.6 | % | $ |
(
|
$ |
(
|
1,192.3 | % | $ |
(
|
|||||||||||
% of net revenue | (0.9) | % | (0.2) | % | (0.8) | % | (0.1) | % |
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||
July 1,
2022 |
Change |
July 2,
2021 |
July 1,
2022 |
Change |
July 2,
2021 |
||||||||||||||||||
(dollars in millions) | |||||||||||||||||||||||
Provision (benefit) for income taxes | $ |
|
(3,025.0) | % | $ |
(
|
$ |
|
18.9 | % | $ |
|
|||||||||||
% of net revenue | 3.8 | % | (0.2) | % | 3.2 | % | 2.8 | % |
Nine Months Ended | |||||||||||
(in millions) |
July 1,
2022 |
July 2,
2021 |
|||||||||
Cash and cash equivalents at beginning of period | $ | 882.9 | $ | 566.7 | |||||||
Net cash provided by operating activities | 1,188.3 | 1,373.7 | |||||||||
Net cash used in investing activities | (231.6) | (101.0) | |||||||||
Net cash provided by (used in) financing activities | (1,196.6) | 1,005.6 | |||||||||
Cash and cash equivalents at end of period | $ | 643.0 | $ | 2,845.0 |
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) | |||||||||||||
04/02/22 - 04/29/22 | 754,212 | (2) | $124.90 | 750,000 | $1.2 billion | ||||||||||||
04/30/22 - 05/27/22 | 256,907 | (3) | $101.57 | 250,000 | $1.2 billion | ||||||||||||
05/28/22 - 07/01/22 | 3,685 | (4) | $107.27 | — | $1.2 billion | ||||||||||||
Total | 1,014,804 | 1,000,000 |
Exhibit
Number
|
Exhibit Description | Form | Incorporated by Reference | Filed Herewith | ||||||||||||||||
File No. | Exhibit | Filing Date | ||||||||||||||||||
31.1 | X | |||||||||||||||||||
31.2 | X | |||||||||||||||||||
32.1 | X | |||||||||||||||||||
32.2 | X | |||||||||||||||||||
101.INS | Inline XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. | |||||||||||||||||||
101.SCH | Inline XBRL Taxonomy Extension Schema Document | X | ||||||||||||||||||
101.CAL | Inline XBRL Taxonomy Extension Calculation Linkbase Document | X | ||||||||||||||||||
101.DEF | Inline XBRL Taxonomy Extension Definition Linkbase Document | X | ||||||||||||||||||
101.LAB | Inline XBRL Taxonomy Extension Label Linkbase Document | X | ||||||||||||||||||
101.PRE | Inline XBRL Taxonomy Extension Presentation Linkbase Document | X | ||||||||||||||||||
104 | Cover Page Interactive Data File (formatted as inline XBRL with applicable taxonomy extension information contained in Exhibits 101) |
SKYWORKS SOLUTIONS, INC. | |||||||||||
Date: | August 4, 2022 | By: | /s/ Liam K. Griffin | ||||||||
Liam K. Griffin | |||||||||||
Chairman, Chief Executive Officer and President | |||||||||||
(Principal Executive Officer) | |||||||||||
By: | /s/ Kris Sennesael | ||||||||||
Kris Sennesael | |||||||||||
Senior Vice President and Chief Financial Officer | |||||||||||
(Principal Accounting and Financial Officer) |
No information found
* THE VALUE IS THE MARKET VALUE AS OF THE LAST DAY OF THE QUARTER FOR WHICH THE 13F WAS FILED.
FUND | NUMBER OF SHARES | VALUE ($) | PUT OR CALL |
---|
DIRECTORS | AGE | BIO | OTHER DIRECTOR MEMBERSHIPS |
---|
No information found
Customers
Customer name | Ticker |
---|---|
IES Holdings, Inc. | IESC |
Unisys Corporation | UIS |
No Suppliers Found
Price
Yield
Owner | Position | Direct Shares | Indirect Shares |
---|