Sanmina (SANM) FY2018 results: revenue $7.1 billion, up 3.5% on the year
Sanmina Corp. (SANM) reported revenue of $7.1 billion for fiscal 2018, the year ended 29 September 2018, up 3.5% on the year before. Net income was -$96 million, and diluted earnings per share $-1.37. The figures are the company's own, from the 10-K it filed with the SEC on 15 November 2018.
Revenue
$7.1 billion
+3.5% on the year
FY2011FY2018
Operating margin
1.7%
3.3% a year earlier
FY2011FY2018
Net income
-$96 million
FY2011FY2018
Diluted EPS
-$1.37
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
7,110
6,869
6,481
+3.5%
Cost of revenue
6,646
6,349
5,967
+4.7%
Gross profit
464
520
514
-10.8%
Gross margin
6.5%
7.6%
7.9%
Research and development
30.8
33.7
37.7
-8.8%
Selling, general and administrative
251
252
245
-0.3%
Operating income
119
226
225
-47.3%
Operating margin
1.7%
3.3%
3.5%
Interest expense
27.7
21.9
24.9
+26.4%
Pre-tax income
97.5
213
205
-54.3%
Income tax
193
74.6
16.8
+158.6%
Effective tax rate
197.9%
35.0%
8.2%
Net income
-95.5
139
188
Net margin
-1.3%
2.0%
2.9%
Diluted EPS
-$1.37
$1.78
$2.38
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
156
251
390
-37.7%
Capital expenditure
119
112
120
+6.3%
Free cash flow
37.5
139
270
-73.0%
Free cash flow margin
0.5%
2.0%
4.2%
Cash from investing
-116
-108
-175
Cash from financing
-28.3
-135
-231
Depreciation and amortisation
119
119
112
+0.1%
Share-based compensation
32.8
37.9
26.9
-13.4%
Buybacks
158
177
142
-10.9%
Diluted shares, weighted
70m
78m
79m
-10.6%
Shares outstanding at period end
68m
72m
73m
-5.4%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
1,473
1,648
1,610
-10.6%
Debt
608
480
462
+26.6%
Other liabilities
2,005
1,720
1,553
+16.6%
Total liabilities and equity
4,085
3,847
3,625
+6.2%
Fixed assets
643
640
618
+0.4%
Goodwill
28.5
59.1
59.1
-51.8%
Intangible assets
2.7
9.2
16.5
-70.7%
Cash and equivalents
420
407
398
+3.2%
Receivables
1,177
1,110
974
+6.0%
Inventory
1,374
1,052
946
+30.6%
Other assets
440
570
614
-22.8%
Total assets
4,085
3,847
3,625
+6.2%
10-K for the year ended 29 September 2018, filed 15 November 2018: the filing.