Fabrinet (FN) FY2017 results: revenue $1.4 billion, up 45.4% on the year
Fabrinet (FN) reported revenue of $1.4 billion for fiscal 2017, the year ended 30 June 2017, up 45.4% on the year before. Net income was $97 million, up 56.9%, and diluted earnings per share $2.57. The figures are the company's own, from the 10-K it filed with the SEC on 23 August 2017.
Revenue
$1.4 billion
+45.4% on the year
FY2010FY2017
Operating margin
7.5%
7.1% a year earlier
FY2010FY2017
Net income
$97 million
+56.9% on the year
FY2010FY2017
Diluted EPS
$2.57
+53.0% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
1,420
977
774
+45.4%
Cost of revenue
1,249
857
686
+45.7%
Gross profit
171
120
87.8
+43.5%
Gross margin
12.1%
12.2%
11.3%
Selling, general and administrative
65.6
49.8
39.5
+31.9%
Operating income
106
69.8
47.2
+51.6%
Operating margin
7.5%
7.1%
6.1%
Interest expense
3.3
1.6
0.6
+111.7%
Pre-tax income
104
68.2
47.6
+52.2%
Income tax
6.7
6.3
4.0
+6.4%
Effective tax rate
6.5%
9.3%
8.4%
Net income
97.1
61.9
43.6
+56.9%
Net margin
6.8%
6.3%
5.6%
Diluted EPS
$2.57
$1.68
$1.21
+53.0%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
70.9
47.1
52.6
+50.6%
Capital expenditure
68.3
40.6
51.4
+68.1%
Free cash flow
2.7
6.5
1.2
-58.7%
Free cash flow margin
0.2%
0.7%
0.2%
Cash from investing
-90.6
-39.6
n/a
Cash from financing
13.4
22.9
n/a
-41.2%
Depreciation and amortisation
23.8
17.4
12.9
+37.1%
Share-based compensation
26.5
9.9
8.0
+167.0%
Diluted shares, weighted
38m
37m
36m
+2.7%
Shares outstanding at period end
37m
36m
35m
+3.3%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
682
554
479
+22.9%
Debt
71.1
60.4
40.5
+17.7%
Other liabilities
280
242
153
+16.0%
Total liabilities and equity
1,033
856
673
+20.6%
Fixed assets
217
178
141
+21.6%
Goodwill
3.8
0.0
n/a
Intangible assets
5.8
0.5
0.1
+1,070.3%
Investments
151
142
143
+6.9%
Cash and equivalents
134
143
113
-6.3%
Receivables
264
196
135
+34.8%
Inventory
239
181
131
+31.5%
Other assets
18.3
15.4
10.3
+18.7%
Total assets
1,033
856
673
+20.6%
10-K for the year ended 30 June 2017, filed 23 August 2017: the filing.