Sanmina (SANM) FY2016 results: revenue $6.5 billion, up 1.7% on the year
Sanmina Corp. (SANM) reported revenue of $6.5 billion for fiscal 2016, the year ended 1 October 2016, up 1.7% on the year before. Net income was $188 million, down 50.2%, and diluted earnings per share $2.38. The figures are the company's own, from the 10-K it filed with the SEC on 15 November 2018.
Revenue
$6.5 billion
+1.7% on the year
FY2009FY2016
Operating margin
3.5%
3.2% a year earlier
FY2009FY2016
Net income
$188 million
-50.2% on the year
FY2009FY2016
Diluted EPS
$2.38
-46.0% on the year
FY2009FY2016
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
6,481
6,375
6,215
+1.7%
Cost of revenue
5,967
5,891
5,727
+1.3%
Gross profit
514
484
488
+6.3%
Gross margin
7.9%
7.6%
7.9%
Research and development
37.7
33.1
32.5
+14.1%
Selling, general and administrative
245
239
242
+2.2%
Operating income
225
203
200
+10.7%
Operating margin
3.5%
3.2%
3.2%
Interest expense
24.9
25.0
30.8
-0.4%
Pre-tax income
205
176
162
+16.1%
Income tax
16.8
-201
-35.4
Effective tax rate
8.2%
-114.1%
-21.9%
Net income
188
377
197
-50.2%
Net margin
2.9%
5.9%
3.2%
Diluted EPS
$2.38
$4.41
$2.27
-46.0%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
390
175
307
+123.1%
Capital expenditure
120
119
69.5
+1.1%
Free cash flow
270
55.8
238
+383.4%
Free cash flow margin
4.2%
0.9%
3.8%
Cash from investing
-175
-102
n/a
Cash from financing
-231
-127
n/a
Depreciation and amortisation
112
101
97.7
+11.3%
Share-based compensation
26.9
20.7
18.8
+30.3%
Buybacks
142
123
76.2
+15.9%
Diluted shares, weighted
79m
86m
87m
-8.0%
Shares outstanding at period end
73m
78m
82m
-6.4%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
1,610
1,520
1,247
+5.9%
Debt
462
537
544
-13.9%
Other liabilities
1,553
1,435
1,522
+8.2%
Total liabilities and equity
3,625
3,493
3,313
+3.8%
Fixed assets
618
591
563
+4.5%
Goodwill
59.1
26.6
25.7
+122.1%
Intangible assets
16.5
16.6
11.4
-0.5%
Cash and equivalents
398
412
467
-3.4%
Receivables
974
937
979
+3.9%
Inventory
946
919
893
+3.0%
Other assets
614
591
374
+3.8%
Total assets
3,625
3,493
3,313
+3.8%
10-K for the year ended 1 October 2016, filed 15 November 2018: the filing.