FN FY 2021 Earnings Report — Fabrinet Revenue & Financial Results | Market Cap Arena

FY 2021 Earnings

Reported August 17, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$1.9B	—	$1.6B	—	14.5%
Op. Income	$151M	—	$117M	—	28.4%
Gross Margin	11.8%	—	11.3%	—	0.4pp
Net Margin	7.9%	—	6.9%	—	1.0pp
EPS (Diluted)	$3.95	—	$3.01	—	31.2%
Free Cash Flow	$74M	—	$107M	—	-30.8%

Revenue Flow

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$1.7B
GROSS PROFIT	$221M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$71M
Other Expenses	$43.0K
Operating Expenses	$71M
Cost & Expenses	$1.7B
OPERATING INCOME	$151M
Interest Income	$4M
Interest Expense	$1M
Other Income/Expenses	-$269.0K
INCOME BEFORE TAX	$150M
Income Tax Expense	$2M
Net Income from Continuing Ops	$148M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$148M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$148M
D&A	$36M
EBIT	$152M
EBITDA	$188M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$1.7B
GROSS PROFIT	$221M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$71M
Other Expenses	$43.0K
Operating Expenses	$71M
Cost & Expenses	$1.7B
OPERATING INCOME	$151M
Interest Income	$4M
Interest Expense	$1M
Other Income/Expenses	-$269.0K
INCOME BEFORE TAX	$150M
Income Tax Expense	$2M
Net Income from Continuing Ops	$148M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$148M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$148M
D&A	$36M
EBIT	$152M
EBITDA	$188M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$148M
Depreciation & Amortization	$36M
Stock-Based Compensation	$25M
Deferred Income Tax	-$3M
Other Non-Cash Items	$2M
Change in Working Capital	-$87M
OPERATING CASH FLOW	$122M
Capital Expenditure	-$48M
Acquisitions (Net)	$90.0K
Purchases of Investments	-$244M
Sales/Maturities of Investments	$259M
Other Investing Activities	$22M
NET CASH FROM INVESTING	-$9M
Net Debt Issuance	-$12M
Common Stock Repurchased	-$19M
Common Dividends Paid	$0
Other Financing Activities	-$12M
NET CASH FROM FINANCING	-$43M
FREE CASH FLOW	$74M
Net Change in Cash	$70M

Balance Sheet

Item	Amount
Cash & Equivalents	$303M
Short-Term Investments	$245M
Net Receivables	$348M
Inventory	$422M
Other Current Assets	$23M
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$248M
Goodwill	$0
Intangible Assets	$4M
Long-Term Investments	$0
Tax Assets	$9M
Other Non-Current Assets	$2M
TOTAL NON-CURRENT ASSETS	$264M
TOTAL ASSETS	$1.6B
Account Payables	$347M
Short-Term Debt	$12M
Deferred Revenue	$2M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$444M
Long-Term Debt	$27M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$5M
Other Non-Current Liabilities	$23M
TOTAL NON-CURRENT LIABILITIES	$59M
TOTAL LIABILITIES	$504M
Common Stock	$388.0K
Additional Paid-In Capital	$189M
Retained Earnings	$1.0B
Treasury Stock	-$87M
Accum. Other Comp. Income	-$6M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$46M
Net Debt	-$257M