Sanmina (SANM) FY2017 results: revenue $6.9 billion, up 6.0% on the year
Sanmina Corp. (SANM) reported revenue of $6.9 billion for fiscal 2017, the year ended 30 September 2017, up 6.0% on the year before. Net income was $139 million, down 26.1%, and diluted earnings per share $1.78. The figures are the company's own, from the 10-K it filed with the SEC on 15 November 2018.
Revenue
$6.9 billion
+6.0% on the year
FY2010FY2017
Operating margin
3.3%
3.5% a year earlier
FY2010FY2017
Net income
$139 million
-26.1% on the year
FY2010FY2017
Diluted EPS
$1.78
-25.2% 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
6,869
6,481
6,375
+6.0%
Cost of revenue
6,349
5,967
5,891
+6.4%
Gross profit
520
514
484
+1.1%
Gross margin
7.6%
7.9%
7.6%
Research and development
33.7
37.7
33.1
-10.7%
Selling, general and administrative
252
245
239
+2.8%
Operating income
226
225
203
+0.7%
Operating margin
3.3%
3.5%
3.2%
Interest expense
21.9
24.9
25.0
-12.0%
Pre-tax income
213
205
176
+4.3%
Income tax
74.6
16.8
-201
+344.9%
Effective tax rate
35.0%
8.2%
-114.1%
Net income
139
188
377
-26.1%
Net margin
2.0%
2.9%
5.9%
Diluted EPS
$1.78
$2.38
$4.41
-25.2%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
251
390
175
-35.7%
Capital expenditure
112
120
119
-7.1%
Free cash flow
139
270
55.8
-48.4%
Free cash flow margin
2.0%
4.2%
0.9%
Cash from investing
-108
-175
-102
Cash from financing
-135
-231
-127
Depreciation and amortisation
119
112
101
+6.1%
Share-based compensation
37.9
26.9
20.7
+40.9%
Buybacks
177
142
123
+24.4%
Diluted shares, weighted
78m
79m
86m
-0.8%
Shares outstanding at period end
72m
73m
78m
-1.9%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
1,648
1,610
1,520
+2.4%
Debt
480
462
537
+3.8%
Other liabilities
1,720
1,553
1,435
+10.7%
Total liabilities and equity
3,847
3,625
3,493
+6.1%
Fixed assets
640
618
591
+3.7%
Goodwill
59.1
59.1
26.6
0.0%
Intangible assets
9.2
16.5
16.6
-44.1%
Cash and equivalents
407
398
412
+2.1%
Receivables
1,110
974
937
+14.0%
Inventory
1,052
946
919
+11.1%
Other assets
570
614
591
-7.1%
Total assets
3,847
3,625
3,493
+6.1%
10-K for the year ended 30 September 2017, filed 15 November 2018: the filing.