FN FY 2011 Earnings Report — Fabrinet Revenue & Financial Results | Market Cap Arena

FY 2011 Earnings

Reported August 31, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$744M	—	$506M	—	47.0%
Op. Income	$70M	—	$48M	—	45.3%
Gross Margin	12.7%	—	12.7%	—	0.0pp
Net Margin	8.7%	—	8.8%	—	-0.1pp
EPS (Diluted)	$1.87	—	$1.41	—	32.6%
Free Cash Flow	$19M	—	$9M	—	104.1%

Revenue Flow

Item	Amount
REVENUE	$744M
Cost of Revenue	$649M
GROSS PROFIT	$95M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$25M
Other Expenses	$0
Operating Expenses	$25M
Cost & Expenses	$674M
OPERATING INCOME	$70M
Interest Income	$494.0K
Interest Expense	$357.0K
Other Income/Expenses	-$1M
INCOME BEFORE TAX	$69M
Income Tax Expense	$5M
Net Income from Continuing Ops	$64M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$64M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$64M
D&A	$9M
EBIT	$69M
EBITDA	$78M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$744M
Cost of Revenue	$649M
GROSS PROFIT	$95M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$25M
Other Expenses	$0
Operating Expenses	$25M
Cost & Expenses	$674M
OPERATING INCOME	$70M
Interest Income	$494.0K
Interest Expense	$357.0K
Other Income/Expenses	-$1M
INCOME BEFORE TAX	$69M
Income Tax Expense	$5M
Net Income from Continuing Ops	$64M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$64M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$64M
D&A	$9M
EBIT	$69M
EBITDA	$78M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$64M
Depreciation & Amortization	$9M
Stock-Based Compensation	$3M
Deferred Income Tax	-$939.0K
Other Non-Cash Items	$774.0K
Change in Working Capital	-$36M
OPERATING CASH FLOW	$41M
Capital Expenditure	-$22M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$1M
NET CASH FROM INVESTING	-$24M
Net Debt Issuance	-$4M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$2M
NET CASH FROM FINANCING	$24M
FREE CASH FLOW	$19M
Net Change in Cash	$42M

Balance Sheet

Item	Amount
Cash & Equivalents	$127M
Short-Term Investments	$448.0K
Net Receivables	$118M
Inventory	$106M
Other Current Assets	$4M
TOTAL CURRENT ASSETS	$358M
PP&E (Net)	$75M
Goodwill	$0
Intangible Assets	$892.0K
Long-Term Investments	$1M
Tax Assets	$2M
Other Non-Current Assets	$681.0K
TOTAL NON-CURRENT ASSETS	$80M
TOTAL ASSETS	$438M
Account Payables	$93M
Short-Term Debt	$4M
Deferred Revenue	$0
Other Current Liabilities	$1M
TOTAL CURRENT LIABILITIES	$118M
Long-Term Debt	$12M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$6M
TOTAL NON-CURRENT LIABILITIES	$18M
TOTAL LIABILITIES	$136M
Common Stock	$342.0K
Additional Paid-In Capital	$60M
Retained Earnings	$241M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$302M
Minority Interest	$0
TOTAL EQUITY	$302M
TOTAL LIABILITIES & EQUITY	$438M
Total Debt	$16M
Net Debt	-$111M