TTMI FY 2021 Earnings Report — TTM Technologies, Inc. Revenue & Financial Results | Market Cap Arena

TTM Technologies, Inc.TTMI

FY 2021 Earnings

Reported March 1, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$2.2B	—	$2.1B	—	6.8%
Op. Income	$126M	—	$28M	—	348.5%
Gross Margin	16.5%	—	17.1%	—	-0.5pp
Net Margin	2.4%	—	8.4%	—	-6.0pp
EPS (Diluted)	$0.50	—	$-0.56	—	189.3%
Free Cash Flow	$95M	—	$184M	—	-48.5%

Revenue Flow

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$1.9B
GROSS PROFIT	$372M
R&D Expenses	$18M
Selling & Marketing	$63M
General & Administrative	$125M
SG&A Expenses	$188M
Other Expenses	$40M
Operating Expenses	$246M
Cost & Expenses	$2.1B
OPERATING INCOME	$126M
Interest Income	$0
Interest Expense	$45M
Other Income/Expenses	-$56M
INCOME BEFORE TAX	$70M
Income Tax Expense	$16M
Net Income from Continuing Ops	$54M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$54M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$54M
D&A	$127M
EBIT	$116M
EBITDA	$243M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$1.9B
GROSS PROFIT	$372M
R&D Expenses	$18M
Selling & Marketing	$63M
General & Administrative	$125M
SG&A Expenses	$188M
Other Expenses	$40M
Operating Expenses	$246M
Cost & Expenses	$2.1B
OPERATING INCOME	$126M
Interest Income	$0
Interest Expense	$45M
Other Income/Expenses	-$56M
INCOME BEFORE TAX	$70M
Income Tax Expense	$16M
Net Income from Continuing Ops	$54M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$54M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$54M
D&A	$127M
EBIT	$116M
EBITDA	$243M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$54M
Depreciation & Amortization	$127M
Stock-Based Compensation	$18M
Deferred Income Tax	$10M
Other Non-Cash Items	$8M
Change in Working Capital	-$40M
OPERATING CASH FLOW	$177M
Capital Expenditure	-$82M
Acquisitions (Net)	-$3M
Purchases of Investments	-$3M
Sales/Maturities of Investments	$3M
Other Investing Activities	$996.0K
NET CASH FROM INVESTING	-$84M
Net Debt Issuance	$74M
Common Stock Repurchased	-$65M
Common Dividends Paid	$0
Other Financing Activities	-$17M
NET CASH FROM FINANCING	-$7M
FREE CASH FLOW	$95M
Net Change in Cash	$86M

Balance Sheet

Item	Amount
Cash & Equivalents	$538M
Short-Term Investments	$0
Net Receivables	$711M
Inventory	$128M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$687M
Goodwill	$637M
Intangible Assets	$240M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$54M
TOTAL NON-CURRENT ASSETS	$1.6B
TOTAL ASSETS	$3.0B
Account Payables	$361M
Short-Term Debt	$4M
Deferred Revenue	$14M
Other Current Liabilities	$75M
TOTAL CURRENT LIABILITIES	$558M
Long-Term Debt	$928M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$28M
Other Non-Current Liabilities	$26M
TOTAL NON-CURRENT LIABILITIES	$1.0B
TOTAL LIABILITIES	$1.6B
Common Stock	$108.0K
Additional Paid-In Capital	$840M
Retained Earnings	$706M
Treasury Stock	-$64M
Accum. Other Comp. Income	-$27M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$0
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$3.0B
Total Debt	$964M
Net Debt	$427M