SANM FY 2015 Earnings Report — Sanmina Corporation Revenue & Financial Results | Market Cap Arena

Sanmina CorporationSANM

FY 2015 Earnings

Reported November 19, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$6.4B	—	$6.2B	—	2.6%
Op. Income	$203M	—	$200M	—	1.7%
Gross Margin	7.6%	—	7.9%	—	-0.3pp
Net Margin	5.9%	—	3.2%	—	2.7pp
EPS (Diluted)	$4.41	—	$2.27	—	94.3%
Free Cash Flow	$56M	—	$238M	—	-76.5%

Revenue Flow

Item	Amount
REVENUE	$6.4B
Cost of Revenue	$5.9B
GROSS PROFIT	$484M
R&D Expenses	$33M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$239M
Other Expenses	$0
Operating Expenses	$274M
Cost & Expenses	$6.2B
OPERATING INCOME	$203M
Interest Income	$1M
Interest Expense	$25M
Other Income/Expenses	-$27M
INCOME BEFORE TAX	$176M
Income Tax Expense	-$201M
Net Income from Continuing Ops	$377M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$377M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$377M
D&A	$2M
EBIT	$209M
EBITDA	$310M
EPS	$5
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$6.4B
Cost of Revenue	$5.9B
GROSS PROFIT	$484M
R&D Expenses	$33M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$239M
Other Expenses	$0
Operating Expenses	$274M
Cost & Expenses	$6.2B
OPERATING INCOME	$203M
Interest Income	$1M
Interest Expense	$25M
Other Income/Expenses	-$27M
INCOME BEFORE TAX	$176M
Income Tax Expense	-$201M
Net Income from Continuing Ops	$377M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$377M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$377M
D&A	$2M
EBIT	$209M
EBITDA	$310M
EPS	$5
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$377M
Depreciation & Amortization	$101M
Stock-Based Compensation	$21M
Deferred Income Tax	-$242M
Other Non-Cash Items	$280.0K
Change in Working Capital	-$82M
OPERATING CASH FLOW	$175M
Capital Expenditure	-$119M
Acquisitions (Net)	-$14M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$31M
NET CASH FROM INVESTING	-$102M
Net Debt Issuance	-$24M
Common Stock Repurchased	-$123M
Common Dividends Paid	$0
Other Financing Activities	$1M
NET CASH FROM FINANCING	-$127M
FREE CASH FLOW	$56M
Net Change in Cash	-$54M

Balance Sheet

Item	Amount
Cash & Equivalents	$412M
Short-Term Investments	$0
Net Receivables	$937M
Inventory	$919M
Other Current Assets	$130M
TOTAL CURRENT ASSETS	$2.4B
PP&E (Net)	$591M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$423M
Other Non-Current Assets	$82M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$3.5B
Account Payables	$1.0B
Short-Term Debt	$113M
Deferred Revenue	$0
Other Current Liabilities	$111M
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$424M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$168M
TOTAL NON-CURRENT LIABILITIES	$592M
TOTAL LIABILITIES	$2.0B
Common Stock	$781.0K
Additional Paid-In Capital	$6.1B
Retained Earnings	-$4.3B
Treasury Stock	-$315M
Accum. Other Comp. Income	$67M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$0
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$3.5B
Total Debt	$537M
Net Debt	$125M