Qorvo, Inc. (QRVO)

Income Statement (Annual)

Financials in millions USD. Fiscal year is May - April.

Year	2022	2021	2019	2018	2017	2017	2016	2014	2013	2012
Revenue	4,645.71	4,015.31	3,239.14	3,090.33	2,973.54	3,032.57	2,610.73	1,710.97	1,148.23	964.15
Revenue Growth (YoY)	15.70%	23.96%	4.82%	3.93%	-1.95%	16.16%	52.59%	49.01%	19.09%	-
Cost of Revenue	2,359.55	2,131.74	1,917.38	1,895.14	1,826.57	1,897.06	1,561.17	1,021.66	743.3	658.33
Gross Profit	2,286.17	1,883.57	1,321.76	1,195.18	1,146.97	1,135.51	1,049.55	689.31	404.93	305.82
Selling, General & Admin	349.72	367.24	343.57	476.07	527.75	545.59	534.1	249.89	151.4	132.92
Research & Development	623.64	570.4	484.41	450.48	445.1	470.84	448.76	257.49	197.27	178.79
Other Operating Expenses	86.75	39.31	70.56	52.16	103.83	34.12	54.72	59.46	28.91	9.79
Operating Expenses	1,060.1	976.94	898.55	978.72	1,076.68	1,050.54	1,037.59	566.84	377.59	321.5
Operating Income	1,226.07	906.63	423.22	216.47	70.28	84.97	11.97	122.47	27.34	-15.68
Interest Expense / Income	63.33	75.2	60.39	43.96	59.55	58.88	23.32	1.42	5.98	6.53
Other Expense / Income	-18.34	24.05	-32.27	80.71	-6.41	-1.21	-8.49	-0.2	-2.52	3.69
Pretax Income	1,181.08	807.38	395.09	91.79	17.15	27.31	-2.86	121.24	23.87	-25.9
Income Tax	147.73	73.77	60.76	-41.33	57.43	43.86	25.98	-75.06	11.23	27.1
Net Income	1,033.35	733.61	334.33	133.13	-40.29	-16.56	-28.85	196.3	12.64	-53
Net Income Growth	40.86%	119.43%	151.14%	-	-	-	-	1452.78%	-	-
Shares Outstanding (Basic)	110	114	117	125	127	127	142	90	70	70
Shares Outstanding (Diluted)	112	116	119	127	127	127	142	93	72	70
Shares Change	-3.85%	-2.75%	-6.33%	0.32%	-0.14%	-10.44%	52.27%	29.43%	3.40%	-
EPS (Basic)	9.38	6.43	2.86	1.07	-0.32	-0.13	-0.20	2.17	0.18	-0.76
EPS (Diluted)	9.26	6.32	2.80	1.05	-0.32	-0.13	-0.20	2.11	0.18	-0.76
EPS Growth	46.52%	125.71%	166.67%	-	-	-	-	1072.22%	-	-
Free Cash Flow Per Share	7.58	9.78	6.68	4.73	4.59	1.76	2.62	1.50	0.94	0.25
Gross Margin	49.21%	46.91%	40.81%	38.67%	38.57%	37.44%	40.20%	40.29%	35.27%	31.72%
Operating Margin	26.39%	22.58%	13.07%	7.00%	2.36%	2.80%	0.46%	7.16%	2.38%	-1.63%
Profit Margin	22.24%	18.27%	10.32%	4.31%	-1.35%	-0.55%	-1.10%	11.47%	1.10%	-5.50%
Free Cash Flow Margin	17.99%	27.77%	24.13%	19.07%	19.60%	7.39%	14.26%	7.93%	5.80%	1.81%
Effective Tax Rate	12.51%	9.14%	15.38%	-45.03%	334.98%	160.64%	-	-61.91%	47.04%	-
EBITDA	1,605.83	1,338.68	924.41	798.85	790.91	790.76	695.41	339.65	104.19	53.1
EBITDA Margin	34.57%	33.34%	28.54%	25.85%	26.60%	26.08%	26.64%	19.85%	9.07%	5.51%
Depreciation & Amortization	361.42	456.1	468.93	663.1	714.22	704.58	674.95	216.99	74.34	72.46
EBIT	1,244.41	882.58	455.48	135.76	76.69	86.18	20.45	122.66	29.86	-19.37
EBIT Margin	26.79%	21.98%	14.06%	4.39%	2.58%	2.84%	0.78%	7.17%	2.60%	-2.01%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).