Company Information

  

Address: 7628 THORNDIKE ROAD  
City: GREENSBORO 
State: NC 
Zip Code: 27409 
Telephone: (336) 664-1233 

Description of Business

Primary SIC Code: 3674
(As filed with the SEC)  

Qorvo® is a product and technology leader at the forefront of the growing global demand for always-on broadband connectivity. We combine a broad portfolio of innovative radio frequency ("RF") solutions, highly differentiated semiconductor technologies, systems-level expertise and global manufacturing scale to supply a diverse group of customers in expanding markets, including smartphones and other mobile devices, defense and aerospace, Wi-Fi customer premises equipment ("CPE"), cellular base stations, and multiple Internet of Things ("IoT") applications including the smart home and connected car. Within these markets, our products enable a broad range of leading-edge applications - from very-high-power wired and wireless infrastructure solutions to ultra-low-power smart home solutions. Our products and technologies help people around the world connect with each other, access broadband data and critical networks, transact mobile commerce and interact through social media.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
06/20191.64NA40.62
03/20191.05NA68.31
12/20180.46NA132.02
09/2018-0.34NAN/E
06/2018-0.32NAN/E
03/2018-0.32NAN/E
12/20170.22NA302.73
09/2017-0.14NAN/E

Key Financial Ratios and Statistics

FYE: 03/30

Profitability 2019 Leverage 2019
Net Inc/Comm Equity0.03Total Liab/Total Assets0.25
Net Inc/Total Assets0.02Total Liab/Inv Cap0.27
Net Inc/Inv Cap0.02Total Liab/Comm Equity0.31
Pretax Inc/Net Sales0.03Interest Coverage Ratio3.09
Net Inc/Net Sales0.04Curr Debt/EquityNA
Cash Flow/Net Sales0.26LTD/Equity0.21
SG&A/NetSales0.17Total Debt/Equity0.21
Asset Utilization   Liquidity  
Net Receivables Turnover7.82Quick Ratio2.69
Inventory Turnover3.85Current Ratio3.87
Inventory Day Sales0.01Net Rec/Curr Assets0.24
Net Sales/Work Cap2.47Inv/Curr Assets0.30
Net Sales/PP&E2.26  

Income Statement (Millions)

  6/29/2019 3/30/2019 12/29/2018 9/29/2018
Total Revenues(Net Sales) 775.60 680.88 832.33 884.44
Cost of Goods Sold 481.31 414.31 493.97 530.93
Selling & Admin Exps 120.14 89.68 147.22 146.29
Operating Income 55.23 64.05 81.16 90.48
Interest Exp 11.86 10.36 9.56 9.69
Pretax Income 45.20 50.20 70.89 32.84
Other Income 1.84 -3.49 -0.71 -47.95
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 39.54 61.52 69.52 32.08

Balance Sheet (Millions)

Assets 6/29/2019 3/30/2019 12/29/2018 9/29/2018
Cash & Short Term Investments 629.60 711.04 649.71 557.92
Receivables - Total 343.22 400.11 442.80 530.16
Inventories - Total 517.76 511.79 464.95 474.53
Total Current Assets 1,556.83 1,684.84 1,615.54 1,619.77
Net Property, Plant & Equipment 1,309.47 1,366.51 1,397.59 1,401.87
Total Assets 5,926.38 5,808.02 5,806.29 5,947.06
Liabilities        
Accounts Payable 393.38 393.82 366.84 410.51
Debt in Current Liabilities 1.73 NA NA NA
Total Current Liabilities 452.15 435.61 413.93 462.38
Long-Term Debt 1,018.61 919.27 714.40 735.10
Total Liabilities 1,589.04 1,448.35 1,228.97 1,314.92
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock 0.00 0.00 0.00 0.00
Common Stock 4,625.57 4,687.46 4,966.06 5,089.33
Retained Earnings -281.54 -321.15 -382.67 -452.19
Treasury Stock NA NA NA NA
Total Stockholders' Equity 4,337.34 4,359.68 4,577.32 4,632.14
Total Liabilities and Stockholders' Equity 5,926.38 5,808.02 5,806.29 5,947.06

Cash Flow Summary (Millions)

Categories 6/29/2019 3/30/2019 12/29/2018 9/29/2018
Net Cash Provided by Operating Activities 257.12 187.35 333.22 214.54
Net Cash Provided by Investing Activities -342.13 -42.09 -72.71 -22.80
Net Cash Provided by Financing Activities 3.87 -85.14 -168.57 32.34

Annual Summary Data (Millions)

Year Sales Net Income EPS
03/20151,710.97196.302.17
03/20162,610.73-28.84-0.20
03/20173,032.57-16.56-0.13
03/20182,973.54-40.29-0.32
03/20193,090.32133.121.05
Growth Rates15.93----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/19481112,12795.20




Report Date : 8/13/2019

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