SYNAPTICS Inc
For the period ended Jun 29, 2024. Filed Aug 23, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Aug 23, 2024
SYNA$117.70+0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in millions)
| Fiscal Year | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities | |||
| Net income | $125.6 | $73.6 | $257.5 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Share-based compensation costs | 118.8 | 122.0 | 100.8 |
| Depreciation and amortization | 27.6 | 27.4 | 24.0 |
| Acquired intangibles amortization | 81.6 | 130.4 | 123.5 |
| Deferred taxes | (288.8) | (25.9) | (29.7) |
| Intangible asset impairment charge | 16.0 | — | — |
| Other | 25.0 | 27.4 | 5.5 |
| Changes in operating assets and liabilities, net of acquisitions: | |||
| Accounts receivable, net | 22.4 | 161.3 | (81.1) |
| Inventories, net | 6.5 | 24.6 | (54.2) |
| Prepaid expenses and other current assets | 7.2 | (6.1) | 6.9 |
| Other assets | (21.5) | 9.4 | 15.0 |
| Accounts payable | 38.9 | (95.6) | 23.2 |
| Accrued compensation | (18.1) | (45.4) | 5.3 |
| Income taxes payable | (19.1) | (15.6) | 48.6 |
| Other accrued liabilities | 13.8 | (56.0) | 17.4 |
| Net cash provided by operating activities | 135.9 | 331.5 | 462.7 |
| Cash flows from investing activities | |||
| Proceeds from sale of assets | — | — | 55.9 |
| Acquisition of business, net of cash and cash equivalents acquired | — | (15.5) | (501.1) |
| Advance payment on intangible assets | (120.3) | — | (30.0) |
| Proceeds from maturity of investments | 26.5 | 21.4 | — |
| Proceeds from sale of investments | — | 22.2 | 24.4 |
| Purchases of short-term investments | (16.6) | — | (5.8) |
| Purchases of property and equipment | (33.8) | (34.2) | (31.1) |
| Purchase of intangible assets | (13.5) | — | — |
| Proceeds from sale of equity method investment | — | — | 5.0 |
| Other | — | 0.1 | — |
| Net cash used in investing activities | (157.7) | (6.0) | (482.7) |
| Cash flows from financing activities | |||
| Proceeds from issuance of debt | — | — | 600.0 |
| Payment of debt issuance costs | — | — | (11.2) |
| Proceeds from issuance of shares | 15.9 | 17.6 | 15.2 |
| Payroll taxes related to net share settlement of share-based awards | (36.9) | (54.5) | (67.3) |
| Repurchases of common stock | — | (183.5) | — |
| Repayment of debt | (7.5) | (6.0) | (3.0) |
| Payment for redemption of convertible notes | — | — | (505.6) |
| Refundable deposit paid to vendor | — | — | (16.6) |
| Other | 3.4 | 5.1 | 2.8 |
| Net cash (used in)/provided by financing activities | (25.1) | (221.3) | 14.3 |
| Effect of exchange rate changes on cash and cash equivalents | (0.9) | (3.5) | (6.6) |
| Net (decrease)/increase in cash and cash equivalents | (47.8) | 100.7 | (12.3) |
| Cash and cash equivalents, beginning of period | 924.7 | 824.0 | 836.3 |
| Cash and cash equivalents, end of period | $876.9 | $924.7 | $824.0 |
| Supplemental disclosures of cash flow information | |||
| Cash paid for taxes, net of refunds | $55.2 | $91.4 | $38.3 |
| Cash paid for interest | $63.4 | $51.9 | $25.0 |
| Supplemental disclosures of non-cash transactions | |||
| Purchases of property and equipment in current liabilities | $4.3 | $2.2 | $3.6 |
| Receipt of intangible assets from advance payments | $74.0 | $30.0 | $— |
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.