TTMI FY 2019 Earnings Report — TTM Technologies, Inc. Revenue & Financial Results | Market Cap Arena

TTM Technologies, Inc.TTMI

FY 2019 Earnings

Reported February 25, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$2.1B	—	$2.2B	—	-4.7%
Op. Income	$110M	—	$119M	—	-7.9%
Gross Margin	17.7%	—	18.0%	—	-0.3pp
Net Margin	1.9%	—	7.8%	—	-5.8pp
EPS (Diluted)	$0.39	—	$1.30	—	-70.0%
Free Cash Flow	$169M	—	$123M	—	37.7%

Revenue Flow

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.8B
GROSS PROFIT	$377M
R&D Expenses	$18M
Selling & Marketing	$69M
General & Administrative	$129M
SG&A Expenses	$198M
Other Expenses	$51M
Operating Expenses	$268M
Cost & Expenses	$2.0B
OPERATING INCOME	$110M
Interest Income	$0
Interest Expense	$82M
Other Income/Expenses	-$75M
INCOME BEFORE TAX	$34M
Income Tax Expense	$2M
Net Income from Continuing Ops	$32M
Net Income from Discontinued Ops	$9M
Other Adjustments	$0
NET INCOME	$41M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$41M
D&A	$220M
EBIT	$116M
EBITDA	$336M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.8B
GROSS PROFIT	$377M
R&D Expenses	$18M
Selling & Marketing	$69M
General & Administrative	$129M
SG&A Expenses	$198M
Other Expenses	$51M
Operating Expenses	$268M
Cost & Expenses	$2.0B
OPERATING INCOME	$110M
Interest Income	$0
Interest Expense	$82M
Other Income/Expenses	-$75M
INCOME BEFORE TAX	$34M
Income Tax Expense	$2M
Net Income from Continuing Ops	$32M
Net Income from Discontinued Ops	$9M
Other Adjustments	$0
NET INCOME	$41M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$41M
D&A	$220M
EBIT	$116M
EBITDA	$336M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$41M
Depreciation & Amortization	$220M
Stock-Based Compensation	$17M
Deferred Income Tax	-$12M
Other Non-Cash Items	$12M
Change in Working Capital	$34M
OPERATING CASH FLOW	$312M
Capital Expenditure	-$143M
Acquisitions (Net)	$7M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$136M
Net Debt Issuance	-$30M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$2M
NET CASH FROM FINANCING	-$32M
FREE CASH FLOW	$169M
Net Change in Cash	$144M

Balance Sheet

Item	Amount
Cash & Equivalents	$400M
Short-Term Investments	$0
Net Receivables	$758M
Inventory	$122M
Other Current Assets	$39M
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$1.0B
Goodwill	$775M
Intangible Assets	$332M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$64M
TOTAL NON-CURRENT ASSETS	$2.2B
TOTAL ASSETS	$3.6B
Account Payables	$330M
Short-Term Debt	$250M
Deferred Revenue	$4M
Other Current Liabilities	$258M
TOTAL CURRENT LIABILITIES	$947M
Long-Term Debt	$1.2B
Deferred Revenue NC	-$25M
Deferred Tax Liabilities	$25M
Other Non-Current Liabilities	$94M
TOTAL NON-CURRENT LIABILITIES	$1.3B
TOTAL LIABILITIES	$2.3B
Common Stock	$106.0K
Additional Paid-In Capital	$815M
Retained Earnings	$474M
Treasury Stock	$0
Accum. Other Comp. Income	-$10M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$0
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$3.6B
Total Debt	$1.5B
Net Debt	$1.1B