FN FY 2020 Earnings Report — Fabrinet Revenue & Financial Results | Market Cap Arena

FY 2020 Earnings

Reported August 18, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$1.6B	—	$1.6B	—	3.6%
Op. Income	$117M	—	$123M	—	-4.3%
Gross Margin	11.3%	—	11.3%	—	0.0pp
Net Margin	6.9%	—	7.6%	—	-0.7pp
EPS (Diluted)	$3.01	—	$3.23	—	-6.8%
Free Cash Flow	$107M	—	$128M	—	-16.6%

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$1.5B
GROSS PROFIT	$186M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$68M
Other Expenses	$329.0K
Operating Expenses	$69M
Cost & Expenses	$1.5B
OPERATING INCOME	$117M
Interest Income	$8M
Interest Expense	$3M
Other Income/Expenses	$2M
INCOME BEFORE TAX	$119M
Income Tax Expense	$6M
Net Income from Continuing Ops	$113M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$113M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$113M
D&A	$31M
EBIT	$122M
EBITDA	$153M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$1.5B
GROSS PROFIT	$186M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$68M
Other Expenses	$329.0K
Operating Expenses	$69M
Cost & Expenses	$1.5B
OPERATING INCOME	$117M
Interest Income	$8M
Interest Expense	$3M
Other Income/Expenses	$2M
INCOME BEFORE TAX	$119M
Income Tax Expense	$6M
Net Income from Continuing Ops	$113M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$113M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$113M
D&A	$31M
EBIT	$122M
EBITDA	$153M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$113M
Depreciation & Amortization	$31M
Stock-Based Compensation	$22M
Deferred Income Tax	$1M
Other Non-Cash Items	$8M
Change in Working Capital	-$25M
OPERATING CASH FLOW	$151M
Capital Expenditure	-$44M
Acquisitions (Net)	$446.0K
Purchases of Investments	-$196M
Sales/Maturities of Investments	$191M
Other Investing Activities	-$24M
NET CASH FROM INVESTING	-$71M
Net Debt Issuance	-$10M
Common Stock Repurchased	-$21M
Common Dividends Paid	$0
Other Financing Activities	-$5M
NET CASH FROM FINANCING	-$35M
FREE CASH FLOW	$107M
Net Change in Cash	$45M

Balance Sheet

Item	Amount
Cash & Equivalents	$225M
Short-Term Investments	$263M
Net Receivables	$310M
Inventory	$310M
Other Current Assets	$22M
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$236M
Goodwill	$0
Intangible Assets	$4M
Long-Term Investments	$0
Tax Assets	$6M
Other Non-Current Assets	$202.0K
TOTAL NON-CURRENT ASSETS	$247M
TOTAL ASSETS	$1.4B
Account Payables	$252M
Short-Term Debt	$12M
Deferred Revenue	$2M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$334M
Long-Term Debt	$40M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$5M
Other Non-Current Liabilities	$23M
TOTAL NON-CURRENT LIABILITIES	$73M
TOTAL LIABILITIES	$408M
Common Stock	$385.0K
Additional Paid-In Capital	$176M
Retained Earnings	$868M
Treasury Stock	-$69M
Accum. Other Comp. Income	-$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$974M
Minority Interest	$0
TOTAL EQUITY	$974M
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$60M
Net Debt	-$166M