Sanmina (SANM) FY2012 results: revenue $6.1 billion, down 7.7% on the year
Sanmina Corp. (SANM) reported revenue of $6.1 billion for fiscal 2012, the year ended 29 September 2012, down 7.7% on the year before. Net income was $180 million, up 161.5%, and diluted earnings per share $2.16. The figures are the company's own, from the 10-K it filed with the SEC on 21 November 2012.
Revenue
$6.1 billion
-7.7% on the year
FY2009FY2012
Operating margin
2.3%
3.2% a year earlier
FY2009FY2012
Net income
$180 million
+161.5% on the year
FY2009FY2012
Diluted EPS
$2.16
+160.2% on the year
FY2009FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
6,093
6,602
6,319
-7.7%
Cost of revenue
5,658
6,092
5,836
-7.1%
Gross profit
436
510
483
-14.6%
Gross margin
7.2%
7.7%
7.6%
Research and development
21.9
20.8
13.0
+5.3%
Selling, general and administrative
241
247
253
-2.5%
Operating income
137
212
205
-35.1%
Operating margin
2.3%
3.2%
3.2%
Interest expense
71.7
99.1
108
-27.6%
Pre-tax income
49.9
99.5
139
-49.8%
Income tax
-130
30.6
16.8
Effective tax rate
-260.9%
30.8%
12.1%
Net income
180
68.9
122
+161.5%
Net margin
3.0%
1.0%
1.9%
Diluted EPS
$2.16
$0.83
$1.48
+160.2%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
215
235
-78.3
-8.3%
Capital expenditure
78.6
108
81.4
-26.9%
Free cash flow
137
127
-160
+7.4%
Free cash flow margin
2.2%
1.9%
-2.5%
Cash from investing
-78.0
-98.1
-64.3
Cash from financing
-367
-89.0
-163
Depreciation and amortisation
99.5
105
89.6
-4.9%
Share-based compensation
18.0
18.9
15.2
-4.7%
Buybacks
0.3
0.0
0.8
+1,352.4%
Diluted shares, weighted
83m
83m
82m
+0.4%
Shares outstanding at period end
82m
81m
80m
+1.1%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
964
771
662
+25.1%
Debt
897
1,243
1,306
-27.8%
Other liabilities
1,307
1,341
1,335
-2.6%
Total liabilities and equity
3,168
3,354
3,302
-5.6%
Fixed assets
569
588
570
-3.2%
Intangible assets
7.2
11.0
15.5
-34.2%
Cash and equivalents
410
640
593
-36.0%
Receivables
1,002
1,014
1,019
-1.2%
Inventory
827
891
844
-7.3%
Other assets
353
209
260
+69.0%
Total assets
3,168
3,354
3,302
-5.6%
10-K for the year ended 29 September 2012, filed 21 November 2012: the filing.