Sanmina (SANM) FY2015 results: revenue $6.4 billion, up 2.6% on the year
Sanmina Corp. (SANM) reported revenue of $6.4 billion for fiscal 2015, the year ended 3 October 2015, up 2.6% on the year before. Net income was $377 million, up 91.3%, and diluted earnings per share $4.41. The figures are the company's own, from the 10-K it filed with the SEC on 19 November 2015.
Revenue
$6.4 billion
+2.6% on the year
FY2009FY2015
Operating margin
3.2%
3.2% a year earlier
FY2009FY2015
Net income
$377 million
+91.3% on the year
FY2009FY2015
Diluted EPS
$4.41
+94.3% on the year
FY2009FY2015
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
6,375
6,215
5,917
+2.6%
Cost of revenue
5,891
5,727
5,490
+2.9%
Gross profit
484
488
427
-0.9%
Gross margin
7.6%
7.9%
7.2%
Research and development
33.1
32.5
25.6
+1.8%
Selling, general and administrative
239
242
238
-1.2%
Operating income
203
200
158
+1.7%
Operating margin
3.2%
3.2%
2.7%
Interest expense
25.0
30.8
41.0
-18.8%
Pre-tax income
176
162
103
+8.9%
Income tax
-201
-35.4
24.1
Effective tax rate
-114.1%
-21.9%
23.3%
Net income
377
197
79.4
+91.3%
Net margin
5.9%
3.2%
1.3%
Diluted EPS
$4.41
$2.27
$0.93
+94.3%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
175
307
318
-43.1%
Capital expenditure
119
69.5
76.0
+71.3%
Free cash flow
55.8
238
242
-76.5%
Free cash flow margin
0.9%
3.8%
4.1%
Cash from investing
-102
n/a
n/a
Cash from financing
-127
n/a
n/a
Depreciation and amortisation
101
97.7
96.0
+3.0%
Share-based compensation
20.7
18.8
17.5
+9.9%
Buybacks
123
76.2
1.5
+61.0%
Diluted shares, weighted
86m
87m
85m
-1.3%
Shares outstanding at period end
78m
82m
84m
-5.0%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
1,520
1,247
1,092
+22.0%
Debt
537
544
585
-1.2%
Other liabilities
1,435
1,522
1,319
-5.7%
Total liabilities and equity
3,493
3,313
2,996
+5.4%
Fixed assets
591
563
540
+4.9%
Goodwill
26.6
25.7
n/a
+3.6%
Intangible assets
16.6
11.4
n/a
+45.2%
Cash and equivalents
412
467
403
-11.6%
Receivables
937
979
945
-4.3%
Inventory
919
893
782
+2.9%
Other assets
591
374
326
+58.2%
Total assets
3,493
3,313
2,996
+5.4%
10-K for the year ended 3 October 2015, filed 19 November 2015: the filing.