Fabrinet (FN) FY2014 results: revenue $678 million, up 5.7% on the year
Fabrinet (FN) reported revenue of $678 million for fiscal 2014, the year ended 27 June 2014, up 5.7% on the year before. Net income was $92 million, up 33.0%, and diluted earnings per share $2.58. The figures are the company's own, from the 10-K it filed with the SEC on 16 October 2014.
Revenue
$678 million
+5.7% on the year
FY2010FY2014
Operating margin
13.5%
11.0% a year earlier
FY2010FY2014
Net income
$92 million
+33.0% on the year
FY2010FY2014
Diluted EPS
$2.58
+30.3% on the year
FY2010FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
678
642
565
+5.7%
Cost of revenue
604
572
503
+5.5%
Gross profit
74.2
69.4
61.9
+6.9%
Gross margin
11.0%
10.8%
11.0%
Selling, general and administrative
27.7
23.8
23.5
+16.3%
Operating income
91.3
70.8
-60.8
+29.0%
Operating margin
13.5%
11.0%
-10.8%
Interest expense
0.7
1.0
0.4
-29.4%
Pre-tax income
93.2
71.9
-58.4
+29.6%
Income tax
1.4
2.9
-2.0
-51.1%
Effective tax rate
1.5%
4.1%
n/a
Net income
91.7
69.0
-56.5
+33.0%
Net margin
13.5%
10.8%
-10.0%
Diluted EPS
$2.58
$1.98
-$1.64
+30.3%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
66.5
48.8
2.3
+36.5%
Capital expenditure
10.8
10.8
35.5
+0.4%
Free cash flow
55.7
38.0
-33.3
+46.8%
Free cash flow margin
8.2%
5.9%
-5.9%
Cash from investing
27.0
-5.9
-37.4
Cash from financing
-8.2
-9.1
23.2
Depreciation and amortisation
10.7
10.2
9.7
+4.4%
Share-based compensation
5.5
5.1
4.6
+8.8%
Diluted shares, weighted
36m
35m
34m
+2.1%
Shares outstanding at period end
35m
35m
34m
+1.5%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
427
325
251
+31.2%
Debt
16.5
28.9
38.6
-42.9%
Other liabilities
121
109
172
+10.9%
Total liabilities and equity
565
464
461
+21.8%
Fixed assets
97.2
97.2
97.9
+0.0%
Intangible assets
0.1
0.2
0.4
-56.1%
Cash and equivalents
233
150
116
+55.9%
Receivables
101
118
128
-14.6%
Inventory
125
89.0
103
+40.0%
Other assets
8.0
9.1
16.1
-11.4%
Total assets
565
464
461
+21.8%
10-K for the year ended 27 June 2014, filed 16 October 2014: the filing.