Fabrinet (FN) FY2016 results: revenue $977 million, up 26.3% on the year
Fabrinet (FN) reported revenue of $977 million for fiscal 2016, the year ended 24 June 2016, up 26.3% on the year before. Net income was $62 million, up 41.8%, and diluted earnings per share $1.68. The figures are the company's own, from the 10-K it filed with the SEC on 17 August 2016.
Revenue
$977 million
+26.3% on the year
FY2010FY2016
Operating margin
7.1%
6.1% a year earlier
FY2010FY2016
Net income
$62 million
+41.8% on the year
FY2010FY2016
Diluted EPS
$1.68
+38.8% on the year
FY2010FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
977
774
678
+26.3%
Cost of revenue
857
686
604
+25.0%
Gross profit
120
87.8
74.2
+36.2%
Gross margin
12.2%
11.3%
11.0%
Selling, general and administrative
49.8
39.5
27.7
+26.1%
Operating income
69.8
47.2
91.3
+48.0%
Operating margin
7.1%
6.1%
13.5%
Interest expense
1.6
0.6
0.7
+154.7%
Pre-tax income
68.2
47.6
93.2
+43.3%
Income tax
6.3
4.0
1.4
+59.0%
Effective tax rate
9.3%
8.4%
1.5%
Net income
61.9
43.6
91.7
+41.8%
Net margin
6.3%
5.6%
13.5%
Diluted EPS
$1.68
$1.21
$2.58
+38.8%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
47.1
52.6
66.5
-10.5%
Capital expenditure
40.6
51.4
10.8
-21.0%
Free cash flow
6.5
1.2
55.7
+425.8%
Free cash flow margin
0.7%
0.2%
8.2%
Cash from investing
-39.6
n/a
27.0
Cash from financing
22.9
n/a
-8.2
Depreciation and amortisation
17.4
12.9
10.7
+34.1%
Share-based compensation
9.9
8.0
5.5
+23.7%
Diluted shares, weighted
37m
36m
36m
+2.5%
Shares outstanding at period end
36m
35m
35m
+2.0%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
554
479
427
+15.8%
Debt
60.4
40.5
16.5
+49.2%
Other liabilities
242
153
121
+57.9%
Total liabilities and equity
856
673
565
+27.4%
Fixed assets
178
141
97.2
+26.8%
Goodwill
0.0
n/a
n/a
Intangible assets
0.5
0.1
0.1
+264.2%
Investments
142
143
n/a
-0.8%
Cash and equivalents
143
113
233
+26.4%
Receivables
196
135
101
+45.3%
Inventory
181
131
125
+39.0%
Other assets
15.4
10.3
8.0
+49.3%
Total assets
856
673
565
+27.4%
10-K for the year ended 24 June 2016, filed 17 August 2016: the filing.