SANM FY 2016 Earnings Report — Sanmina Corporation Revenue & Financial Results | Market Cap Arena

Sanmina CorporationSANM

FY 2016 Earnings

Reported November 18, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$6.5B	—	$6.4B	—	1.7%
Op. Income	$225M	—	$203M	—	10.7%
Gross Margin	7.9%	—	7.6%	—	0.3pp
Net Margin	2.9%	—	5.9%	—	-3.0pp
EPS (Diluted)	$2.38	—	$4.41	—	-46.0%
Free Cash Flow	$270M	—	$56M	—	383.4%

Revenue Flow

Item	Amount
REVENUE	$6.5B
Cost of Revenue	$6.0B
GROSS PROFIT	$514M
R&D Expenses	$38M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$245M
Other Expenses	$4M
Operating Expenses	$286M
Cost & Expenses	$6.3B
OPERATING INCOME	$225M
Interest Income	$680.0K
Interest Expense	$25M
Other Income/Expenses	-$20M
INCOME BEFORE TAX	$205M
Income Tax Expense	$17M
Net Income from Continuing Ops	$188M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$188M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$188M
D&A	$112M
EBIT	$228M
EBITDA	$340M
EPS	$3
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$6.5B
Cost of Revenue	$6.0B
GROSS PROFIT	$514M
R&D Expenses	$38M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$245M
Other Expenses	$4M
Operating Expenses	$286M
Cost & Expenses	$6.3B
OPERATING INCOME	$225M
Interest Income	$680.0K
Interest Expense	$25M
Other Income/Expenses	-$20M
INCOME BEFORE TAX	$205M
Income Tax Expense	$17M
Net Income from Continuing Ops	$188M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$188M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$188M
D&A	$112M
EBIT	$228M
EBITDA	$340M
EPS	$3
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$188M
Depreciation & Amortization	$112M
Stock-Based Compensation	$27M
Deferred Income Tax	-$17M
Other Non-Cash Items	$2M
Change in Working Capital	$79M
OPERATING CASH FLOW	$390M
Capital Expenditure	-$120M
Acquisitions (Net)	-$59M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$5M
NET CASH FROM INVESTING	-$175M
Net Debt Issuance	-$107M
Common Stock Repurchased	-$142M
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	-$231M
FREE CASH FLOW	$270M
Net Change in Cash	-$14M

Balance Sheet

Item	Amount
Cash & Equivalents	$398M
Short-Term Investments	$0
Net Receivables	$974M
Inventory	$946M
Other Current Assets	$57M
TOTAL CURRENT ASSETS	$2.4B
PP&E (Net)	$618M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$514M
Other Non-Current Assets	$118M
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$3.6B
Account Payables	$1.1B
Short-Term Debt	$28M
Deferred Revenue	$0
Other Current Liabilities	$124M
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$434M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$180M
TOTAL NON-CURRENT LIABILITIES	$614M
TOTAL LIABILITIES	$2.0B
Common Stock	$730.0K
Additional Paid-In Capital	$6.1B
Retained Earnings	-$4.1B
Treasury Stock	-$457M
Accum. Other Comp. Income	$65M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.6B
Minority Interest	$0
TOTAL EQUITY	$1.6B
TOTAL LIABILITIES & EQUITY	$3.6B
Total Debt	$462M
Net Debt	$64M