SANM Q4 2016 Earnings Report — Sanmina Corporation Revenue & Financial Results | Market Cap Arena

Sanmina CorporationSANM

Q4 2016 Earnings

Reported November 18, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2016	Q3 2016	Q4 2015	QoQ Change	YoY Change
Revenue	$1.7B	$1.7B	—	-0.2%	—
Op. Income	$55M	$55M	—	0.9%	—
Gross Margin	7.6%	7.6%	—	0.1pp	—
Net Margin	6.1%	1.8%	—	4.3pp	—
EPS (Diluted)	$1.30	$0.38	—	242.1%	—
Free Cash Flow	$67M	$55M	—	22.5%	—

Revenue Flow

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$1.5B
GROSS PROFIT	$127M
R&D Expenses	$9M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$61M
Other Expenses	$3M
Operating Expenses	$71M
Cost & Expenses	$1.6B
OPERATING INCOME	$55M
Interest Income	$196.0K
Interest Expense	$6M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$52M
Income Tax Expense	-$49M
Net Income from Continuing Ops	$101M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$101M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$101M
D&A	$918.0K
EBIT	$59M
EBITDA	$88M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$1.5B
GROSS PROFIT	$127M
R&D Expenses	$9M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$61M
Other Expenses	$3M
Operating Expenses	$71M
Cost & Expenses	$1.6B
OPERATING INCOME	$55M
Interest Income	$196.0K
Interest Expense	$6M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$52M
Income Tax Expense	-$49M
Net Income from Continuing Ops	$101M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$101M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$101M
D&A	$918.0K
EBIT	$59M
EBITDA	$88M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$101M
Depreciation & Amortization	$30M
Stock-Based Compensation	$9M
Deferred Income Tax	-$49M
Other Non-Cash Items	$1M
Change in Working Capital	$12M
OPERATING CASH FLOW	$103M
Capital Expenditure	-$36M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$552.0K
NET CASH FROM INVESTING	-$35M
Net Debt Issuance	-$55M
Common Stock Repurchased	-$28M
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	-$79M
FREE CASH FLOW	$67M
Net Change in Cash	-$11M

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