XML 28 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements Of Cash Flows (USD $)
In Millions, unless otherwise specified
6 Months Ended
Apr. 03, 2015
Mar. 28, 2014
Cash flows from operating activities:    
Net income $ 361.7us-gaap_NetIncomeLoss $ 171.4us-gaap_NetIncomeLoss
Adjustments to reconcile net income to net cash provided by operating activities:    
Share-based compensation 48.4us-gaap_ShareBasedCompensation 39.6us-gaap_ShareBasedCompensation
Depreciation 74.5us-gaap_Depreciation 42.4us-gaap_Depreciation
Amortization of intangible assets 16.8us-gaap_OtherDepreciationAndAmortization 12.8us-gaap_OtherDepreciationAndAmortization
Contribution of common shares to savings and retirement plans 11.2swks_ContributionOfCommonSharesToSavingsAndRetirementPlansRelatedExpense 8.7swks_ContributionOfCommonSharesToSavingsAndRetirementPlansRelatedExpense
Deferred income taxes (3.7)us-gaap_DeferredIncomeTaxesAndTaxCredits (0.8)us-gaap_DeferredIncomeTaxesAndTaxCredits
Excess tax benefit from share-based compensation (40.7)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities (23.9)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
Other 0.7us-gaap_OtherNoncashIncomeExpense 0.4us-gaap_OtherNoncashIncomeExpense
Changes in assets and liabilities net of acquired balances:    
Receivables, net 40.5us-gaap_IncreaseDecreaseInReceivables 76.4us-gaap_IncreaseDecreaseInReceivables
Inventory (4.9)us-gaap_IncreaseDecreaseInInventories 12.6us-gaap_IncreaseDecreaseInInventories
Other current and long-term assets (23.6)us-gaap_IncreaseDecreaseInOtherOperatingAssets 8.5us-gaap_IncreaseDecreaseInOtherOperatingAssets
Accounts payable 30.4us-gaap_IncreaseDecreaseInAccountsPayable (0.7)us-gaap_IncreaseDecreaseInAccountsPayable
Other current and long-term liabilities 26.9us-gaap_IncreaseDecreaseInOtherOperatingLiabilities 25.6us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
Net cash provided by operating activities 538.2us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 373.0us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash flows from investing activities:    
Capital expenditures (171.2)us-gaap_PaymentsToAcquireProductiveAssets (58.2)us-gaap_PaymentsToAcquireProductiveAssets
Payments for acquisitions, net of cash acquired (18.1)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired 0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Net cash used in investing activities (189.3)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (58.2)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash flows from financing activities:    
Excess tax benefit from share-based compensation 40.7us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 23.9us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Repurchase of common stock - payroll tax withholding on equity awards (50.1)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation (18.6)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation
Repurchase of common stock - stock repurchase program (79.1)us-gaap_PaymentsForRepurchaseOfCommonStock (78.6)us-gaap_PaymentsForRepurchaseOfCommonStock
Dividends paid (49.3)us-gaap_PaymentsOfOrdinaryDividends 0us-gaap_PaymentsOfOrdinaryDividends
Net proceeds from exercise of stock options 37.3us-gaap_ProceedsFromStockOptionsExercised 45.2us-gaap_ProceedsFromStockOptionsExercised
Net cash used in financing activities (100.5)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (28.1)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Net increase in cash and cash equivalents 248.4us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 286.7us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of period 805.8us-gaap_CashAndCashEquivalentsAtCarryingValue 511.1us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period 1,054.2us-gaap_CashAndCashEquivalentsAtCarryingValue 797.8us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental cash flow disclosures:    
Income taxes paid $ 69.2us-gaap_IncomeTaxesPaid $ 23.3us-gaap_IncomeTaxesPaid