FN FY 2014 Earnings Report — Fabrinet Revenue & Financial Results | Market Cap Arena

FY 2014 Earnings

Reported October 16, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$678M	—	$642M	—	5.7%
Op. Income	$91M	—	$71M	—	29.0%
Gross Margin	11.0%	—	10.8%	—	0.1pp
Net Margin	13.5%	—	10.8%	—	2.8pp
EPS (Diluted)	$2.58	—	$1.98	—	30.3%
Free Cash Flow	$56M	—	$38M	—	46.8%

Revenue Flow

Item	Amount
REVENUE	$678M
Cost of Revenue	$604M
GROSS PROFIT	$74M
R&D Expenses	$0
Selling & Marketing	$25M
General & Administrative	$3M
SG&A Expenses	$28M
Other Expenses	-$45M
Operating Expenses	-$17M
Cost & Expenses	$587M
OPERATING INCOME	$91M
Interest Income	$2M
Interest Expense	$713.0K
Other Income/Expenses	$2M
INCOME BEFORE TAX	$93M
Income Tax Expense	$1M
Net Income from Continuing Ops	$92M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$92M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$92M
D&A	$11M
EBIT	$94M
EBITDA	$105M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$678M
Cost of Revenue	$604M
GROSS PROFIT	$74M
R&D Expenses	$0
Selling & Marketing	$25M
General & Administrative	$3M
SG&A Expenses	$28M
Other Expenses	-$45M
Operating Expenses	-$17M
Cost & Expenses	$587M
OPERATING INCOME	$91M
Interest Income	$2M
Interest Expense	$713.0K
Other Income/Expenses	$2M
INCOME BEFORE TAX	$93M
Income Tax Expense	$1M
Net Income from Continuing Ops	$92M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$92M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$92M
D&A	$11M
EBIT	$94M
EBITDA	$105M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$92M
Depreciation & Amortization	$11M
Stock-Based Compensation	$6M
Deferred Income Tax	$65.0K
Other Non-Cash Items	-$38M
Change in Working Capital	-$4M
OPERATING CASH FLOW	$67M
Capital Expenditure	-$11M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$38M
NET CASH FROM INVESTING	$27M
Net Debt Issuance	-$12M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$327.0K
NET CASH FROM FINANCING	-$8M
FREE CASH FLOW	$56M
Net Change in Cash	$84M

Balance Sheet

Item	Amount
Cash & Equivalents	$233M
Short-Term Investments	$0
Net Receivables	$101M
Inventory	$125M
Other Current Assets	$4M
TOTAL CURRENT ASSETS	$464M
PP&E (Net)	$97M
Goodwill	$0
Intangible Assets	$72.0K
Long-Term Investments	$0
Tax Assets	$2M
Other Non-Current Assets	$989.0K
TOTAL NON-CURRENT ASSETS	$100M
TOTAL ASSETS	$565M
Account Payables	$95M
Short-Term Debt	$6M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$121M
Long-Term Debt	$11M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1M
Other Non-Current Liabilities	$6M
TOTAL NON-CURRENT LIABILITIES	$17M
TOTAL LIABILITIES	$138M
Common Stock	$352.0K
Additional Paid-In Capital	$81M
Retained Earnings	$346M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$427M
Minority Interest	$0
TOTAL EQUITY	$427M
TOTAL LIABILITIES & EQUITY	$565M
Total Debt	$17M
Net Debt	-$217M