SANM FY 2014 Earnings Report — Sanmina Corporation Revenue & Financial Results | Market Cap Arena

Sanmina CorporationSANM

FY 2014 Earnings

Reported November 13, 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	$6.2B	—	$5.9B	—	5.0%
Op. Income	$200M	—	$158M	—	26.7%
Gross Margin	7.9%	—	7.2%	—	0.6pp
Net Margin	3.2%	—	1.3%	—	1.8pp
EPS (Diluted)	$2.27	—	$0.93	—	144.1%
Free Cash Flow	$238M	—	$242M	—	-1.7%

Revenue Flow

Item	Amount
REVENUE	$6.2B
Cost of Revenue	$5.7B
GROSS PROFIT	$488M
R&D Expenses	$32M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$242M
Other Expenses	$0
Operating Expenses	$277M
Cost & Expenses	$6.0B
OPERATING INCOME	$200M
Interest Income	$2M
Interest Expense	$31M
Other Income/Expenses	-$38M
INCOME BEFORE TAX	$162M
Income Tax Expense	-$35M
Net Income from Continuing Ops	$197M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$197M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$197M
D&A	$2M
EBIT	$193M
EBITDA	$309M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$6.2B
Cost of Revenue	$5.7B
GROSS PROFIT	$488M
R&D Expenses	$32M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$242M
Other Expenses	$0
Operating Expenses	$277M
Cost & Expenses	$6.0B
OPERATING INCOME	$200M
Interest Income	$2M
Interest Expense	$31M
Other Income/Expenses	-$38M
INCOME BEFORE TAX	$162M
Income Tax Expense	-$35M
Net Income from Continuing Ops	$197M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$197M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$197M
D&A	$2M
EBIT	$193M
EBITDA	$309M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$197M
Depreciation & Amortization	$98M
Stock-Based Compensation	$19M
Deferred Income Tax	-$69M
Other Non-Cash Items	$8M
Change in Working Capital	$55M
OPERATING CASH FLOW	$307M
Capital Expenditure	-$70M
Acquisitions (Net)	-$80M
Purchases of Investments	$0
Sales/Maturities of Investments	$1M
Other Investing Activities	$6M
NET CASH FROM INVESTING	-$142M
Net Debt Issuance	-$65M
Common Stock Repurchased	-$76M
Common Dividends Paid	$0
Other Financing Activities	$21M
NET CASH FROM FINANCING	-$103M
FREE CASH FLOW	$238M
Net Change in Cash	$64M

Balance Sheet

Item	Amount
Cash & Equivalents	$467M
Short-Term Investments	$0
Net Receivables	$979M
Inventory	$893M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.5B
PP&E (Net)	$563M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$299M
TOTAL NON-CURRENT ASSETS	$862M
TOTAL ASSETS	$3.3B
Account Payables	$1.1B
Short-Term Debt	$157M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.5B
Long-Term Debt	$387M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$146M
TOTAL NON-CURRENT LIABILITIES	$532M
TOTAL LIABILITIES	$2.1B
Common Stock	$822.0K
Additional Paid-In Capital	$6.1B
Retained Earnings	-$4.7B
Treasury Stock	-$217M
Accum. Other Comp. Income	$83M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$3.3B
Total Debt	$544M
Net Debt	$77M