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Press Release: Synaptics Reports Second Quarter -4-

· 02/04/2021 16:01
===== ===== ===== ===== GAAP net income per share - diluted $ 1.36 $ 0.58 $ 1.29 $ 0.70 Recovery on supply commitment - (0.05) (0.02) (0.09) Acquisition/divestiture & integration related costs 1.22 0.37 2.25 0.90 Share-based compensation 0.64 0.44 1.23 0.77 Restructuring costs 0.02 0.39 0.17 0.58 Retention program costs 0.03 0.10 0.14 0.22 Amortization prepaid development costs 0.07 - 0.11 - Gain on sale of audio technology assets (0.94) - (0.94) - In-process research and development charge - - - 0.11 Other non-cash items 0.14 0.14 0.27 0.27 Equity investment loss 0.01 0.01 0.03 0.03 Non-GAAP tax adjustments (0.25) 0.06 (0.40) (0.23) Non-GAAP net income per share - diluted $ 2.30 $ 2.04 $ 4.13 $ 3.26 ===== ===== ===== ===== SYNAPTICS INCORPORATED CONDENSED CONSOLIDATED CASH FlOWS (In millions) (Unaudited) Six Months Ended December 31, ---------------------- 2020 2019 Net income $ 46.8 $ 23.8 Non-cash operating items 75.2 81.6 Changes in working capital (44.1) 14.6 Provided by operations 77.9 120.0 ------ ----- Acquisitions & investments (628.0) (2.5) Gain on sale of audio technology assets 34.2 - Fixed asset & intangible asset purchases (12.2) (8.2) Proceeds from maturities of short-term investments 88.0 - Used in investing (518.0) (10.7) ------ ----- Treasury shares purchased - (17.0) Equity compensation, net (14.6) 4.8 Used in financing (14.6) (12.2) ------ ----- Effect of exchange rate changes on cash and cash equivalents 1.2 (0.1) Net change in cash and cash equivalents (453.5) 97.0 ------ ----- Cash and cash equivalents at beginning of period 763.4 327.8 Cash and cash equivalents at end of period $ 309.9 $424.8 ====== ===== Cash paid for taxes $ 27.1 $ 7.9 ====== ===== Cash refund on taxes $ 0.3 $ 1.3 ====== =====

(END) Dow Jones Newswires

February 04, 2021 16:01 ET (21:01 GMT)