Fabrinet (FN) FY2015 results: revenue $774 million, up 14.1% on the year
Fabrinet (FN) reported revenue of $774 million for fiscal 2015, the year ended 26 June 2015, up 14.1% on the year before. Net income was $44 million, down 52.4%, and diluted earnings per share $1.21. The figures are the company's own, from the 10-K it filed with the SEC on 19 August 2015.
Revenue
$774 million
+14.1% on the year
FY2010FY2015
Operating margin
6.1%
13.5% a year earlier
FY2010FY2015
Net income
$44 million
-52.4% on the year
FY2010FY2015
Diluted EPS
$1.21
-53.1% on the year
FY2010FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
774
678
642
+14.1%
Cost of revenue
686
604
572
+13.6%
Gross profit
87.8
74.2
69.4
+18.2%
Gross margin
11.3%
11.0%
10.8%
Selling, general and administrative
39.5
27.7
23.8
+42.6%
Operating income
47.2
91.3
70.8
-48.4%
Operating margin
6.1%
13.5%
11.0%
Interest expense
0.6
0.7
1.0
-13.6%
Pre-tax income
47.6
93.2
71.9
-48.9%
Income tax
4.0
1.4
2.9
+176.9%
Effective tax rate
8.4%
1.5%
4.1%
Net income
43.6
91.7
69.0
-52.4%
Net margin
5.6%
13.5%
10.8%
Diluted EPS
$1.21
$2.58
$1.98
-53.1%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
52.6
66.5
48.8
-20.9%
Capital expenditure
51.4
10.8
10.8
+374.4%
Free cash flow
1.2
55.7
38.0
-97.8%
Free cash flow margin
0.2%
8.2%
5.9%
Cash from investing
n/a
27.0
-5.9
Cash from financing
n/a
-8.2
-9.1
Depreciation and amortisation
12.9
10.7
10.2
+21.5%
Share-based compensation
8.0
5.5
5.1
+44.7%
Diluted shares, weighted
36m
36m
35m
+1.1%
Shares outstanding at period end
35m
35m
35m
+0.8%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
479
427
325
+12.2%
Debt
40.5
16.5
28.9
+145.5%
Other liabilities
153
121
109
+26.3%
Total liabilities and equity
673
565
464
+19.1%
Fixed assets
141
97.2
97.2
+44.6%
Intangible assets
0.1
0.1
0.2
+90.3%
Investments
143
n/a
n/a
Cash and equivalents
113
233
150
-51.6%
Receivables
135
101
118
+33.4%
Inventory
131
125
89.0
+4.9%
Other assets
10.3
8.0
9.1
+28.4%
Total assets
673
565
464
+19.1%
10-K for the year ended 26 June 2015, filed 19 August 2015: the filing.