Sanmina (SANM) FY2019 results: revenue $8.2 billion, up 15.8% on the year
Sanmina Corp. (SANM) reported revenue of $8.2 billion for fiscal 2019, the year ended 28 September 2019, up 15.8% on the year before. Net income was $142 million, and diluted earnings per share $1.97. The figures are the company's own, from the 10-K it filed with the SEC on 8 November 2019.
Revenue
$8.2 billion
+15.8% on the year
FY2012FY2019
Operating margin
3.5%
1.7% a year earlier
FY2012FY2019
Net income
$142 million
FY2012FY2019
Diluted EPS
$1.97
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
8,234
7,110
6,869
+15.8%
Cost of revenue
7,642
6,646
6,349
+15.0%
Gross profit
592
464
520
+27.6%
Gross margin
7.2%
6.5%
7.6%
Research and development
27.6
30.8
33.7
-10.4%
Selling, general and administrative
260
251
252
+3.6%
Operating income
286
119
226
+139.5%
Operating margin
3.5%
1.7%
3.3%
Interest expense
30.8
27.7
21.9
+10.9%
Pre-tax income
246
97.5
213
+151.8%
Income tax
104
193
74.6
-46.1%
Effective tax rate
42.4%
197.9%
35.0%
Net income
142
-95.5
139
Net margin
1.7%
-1.3%
2.0%
Diluted EPS
$1.97
-$1.37
$1.78
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
383
156
251
+144.8%
Capital expenditure
135
119
112
+13.3%
Free cash flow
248
37.5
139
+561.4%
Free cash flow margin
3.0%
0.5%
2.0%
Cash from investing
-128
-116
-108
Cash from financing
-220
-28.3
-135
Depreciation and amortisation
117
119
119
-1.6%
Share-based compensation
30.8
32.8
37.9
-6.0%
Buybacks
12.6
158
177
-92.0%
Diluted shares, weighted
72m
70m
78m
+2.6%
Shares outstanding at period end
70m
68m
72m
+2.9%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
1,647
1,473
1,648
+11.8%
Debt
385
608
480
-36.6%
Other liabilities
1,873
2,005
1,720
-6.6%
Total liabilities and equity
3,906
4,085
3,847
-4.4%
Fixed assets
631
643
640
-1.9%
Goodwill
28.5
28.5
59.1
0.0%
Intangible assets
n/a
2.7
9.2
Cash and equivalents
455
420
407
+8.4%
Receivables
1,128
1,177
1,110
-4.1%
Inventory
901
1,374
1,052
-34.5%
Other assets
763
440
570
+73.2%
Total assets
3,906
4,085
3,847
-4.4%
10-K for the year ended 28 September 2019, filed 8 November 2019: the filing.