Fabrinet FN Cash Flow

Fabrinet (FN)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10
Cash flows from operating activities
Net income for the period
28,267	31,231	25,957	32,957	28,635	31,513	27,850	22,768	21,053	19,313	21,033	27,401	21,656	25,292	22,766	19,669	20,822	19,803	1,603	13,035	10,845	8,726	11,036	10,333	47,662	14,539	19,197	15,142	21,126	16,682	16,019	7,457	-46,325	-33,254	15,655	16,655	16,663	15,806	15,205
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization
7,836	7,814	7,465	7,423	7,521	7,588	7,412	7,799	7,023	6,846	7,419	6,837	6,198	5,645	5,113	4,564	4,499	4,231	4,063	3,625	3,415	3,020	2,887	2,973	2,655	2,521	2,509	2,482	2,510	2,480	2,522	2,344	2,058	2,440	2,497	2,251	2,196	2,147	2,102
Amortization of intangibles
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21	21	-	21	23	28	32	43	67	75	86	89	97	102	117	129	123	130
Loss on disposal of property, plant and equipment
-202	-234	-8	85	447	-482	-46	-	-	-	131	37	12	-59	40	60	-36	23	26	1	-5	0	46	-	-	-	-	1	22	2	-1	-24	16	-13	4	-21	0	10	21
Loss on disposal of intangibles
-	-	-	0	0	0	-149	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain from sales and maturities of available-for-sale securities
14	12	67	-331	1,256	-882	-178	-2	-719	4	353	-1,229	392	-85	100	-384	66	32	92	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accretion of premiums on short-term investments
741	-52	-65	-12	71	439	94	475	-132	-53	216	590	-169	-62	-166	-193	-148	-159	-298	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred debt issuance costs
8	8	2	-	-	-	-	561	138	145	150	-195	519	164	908	215	185	187	171	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income related to flooding
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	51,808	0	-6,597	8,401	11,419	4,825	4,820	-	-	-	-	-	-	-	-
Proceeds from insurers in settlement of claim related to flood damage
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	819	0	6,597	-	-	-	-	-	-	-	-	-	-	-	-
Allowance for doubtful accounts
-	-11	5	-	-	-	-	-21	39	4	1	-2	43	-43	3	24	0	-3	-4	10	6	-2	-1	-10	-9	0	-53	-188	58	-13	49	96	52	-39	15	-157	57	46	16
Unrealized loss (gain) on exchange rate and fair value of foreign currency forward contracts
263	274	-1,479	1,629	-424	1,543	4,232	-2,829	347	286	-2,026	-2,602	-2,315	1,120	1,913	501	3,160	5,289	-10,855	-957	267	-43	62	305	-346	-1,489	808	-523	844	8	714	-439	1,321	619	-576	-933	492	-284	510
Unrealized loss on fair value of interest rate swaps
0	-1	-1,671	-	-715	-899	50	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share-based compensation
6,118	6,188	5,995	3,784	4,424	3,969	4,980	4,877	5,326	5,458	6,920	4,571	7,728	8,597	5,611	2,145	1,999	3,110	2,673	2,221	2,009	1,930	1,867	1,009	1,478	1,497	1,563	1,131	1,337	1,378	1,254	719	1,339	1,603	988	802	1,238	1,192	228
Deferred income tax
-208	838	705	441	-43	478	3	-2,093	172	154	-307	-254	70	627	311	-190	641	256	157	-1,015	221	-90	6	197	-320	-250	438	471	172	1,187	256	89	-40	-2,090	-201	-522	-97	-147	-173
Other non-cash expenses
-292	904	-53	-249	-60	477	282	1,609	-979	-333	-629	1,121	-1,189	-133	-453	-573	-406	-379	-386	-569	-428	-365	-360	-379	-23	-14	-218	687	105	-115	-588	-730	263	186	188	-	-	-	-
Reversal of inventory obsolescence
-	-	-264	-	-	-	-478	-145	-945	946	-292	114	28	-38	-62	-177	134	-628	150	-	-	-	-	-	-	-	-	5	-213	-210	-166	-	-	-	-	-	-	-	-
Provision for uncertain tax position and severance liabilities, net of payments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	574
Inventory obsolescence
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	515	-	-	-	-	-	-	-	-	-	-	466	9	-	-	-	153
Loss from written-off inventory due to flood loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	233	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities
Trade accounts receivable
-1,834	12,003	12,967	-4,448	3,561	3,494	10,887	3,559	-15,704	-16,829	11,122	13,303	10,060	28,903	11,876	23,998	24,529	7,538	4,948	14,965	15,883	-3,796	6,745	-17,342	-3,281	-4,104	7,348	-1,318	-6,490	-6,487	9,556	9,865	20,675	-24,611	4,743	-3,409	-2,353	13,341	8,650
Contract assets
5,299	-506	-827	1,904	-2,793	3,179	280	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventories
-4,171	-26,867	27,634	7,617	7,538	-24	28,904	18,459	-74	-14,985	16,032	14,036	10,480	7,996	21,290	31,340	9,254	-3,146	13,150	4,018	-1,129	-1,066	4,617	16,514	11,681	2,290	5,566	-5,284	-5,027	-11,220	7,302	4,317	-3,263	12,719	94	-1,868	1,703	-6,637	15,138
Other current assets and non-current assets
1,641	-3,246	-4,225	-1,382	3,696	-3,107	979	-5,389	3,052	-462	7,263	6,152	826	-1,462	-3,285	2,098	4,822	-1,687	668	-287	536	-362	396	146	1,060	-111	-60	-1,568	4,117	-43	-1,299	2,533	2,307	1,944	-1,493	1,753	720	-2,586	2,111
Trade accounts payable
7,245	-17,553	-5,263	1,231	8,300	94	29,182	26,020	11,108	-22,303	-11,323	5,640	21,627	7,923	3,103	25,577	31,136	-3,458	3,053	12,047	4,567	-3,008	6,860	-6,678	13,506	-2,303	13,189	2,810	585	-18,175	5,919	10,726	18,222	-28,739	-6,772	-4,503	-3,746	-7,633	5,468
Contract liabilities
-419	94	27	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax payable
-280	603	733	-850	83	179	1,680	411	-887	-1,284	493	-233	-282	-587	1,035	687	-434	-387	707	491	-431	-74	460	386	119	108	124	-823	447	140	231	-467	-226	-1,469	657	-714	-24	235	896
Severance liabilities
251	1,204	811	1,502	502	467	872	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current liabilities and non-current liabilities
4,907	1,981	-1,176	79	-651	-6,323	8,427	1,618	-3,688	-1,625	4,610	-2,628	362	9,562	-8,675	10,479	335	3,501	-1,106	-1,596	3,729	-1,715	3,688	-691	4,543	549	550	-83	1,621	-1,224	-349	-2,112	4,512	-1,059	-524	-1,867	1,846	1,140	-72
Net cash provided by operating activities
51,838	49,963	2,647	41,890	36,206	34,705	34,593	48,286	52,681	40,167	-3,054	10,546	40,636	20,754	-1,002	5,732	17,652	19,165	4,539	12,148	9,880	14,768	15,833	7,946	21,800	18,667	18,137	-2,507	33,325	11,983	5,949	2,113	9,549	-19,253	9,842	16,680	18,242	8,263	-1,903
Cash flows from investing activities
Purchase of short-term investments
22,253	38,847	62,880	30,752	120,187	80,186	1,955	68,389	35,840	21,710	26,969	22,027	17,346	50,668	32,737	22,697	32,386	14,485	38,773	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of short-term investments
-23,856	23,192	49,472	13,201	15,469	46,291	24,181	39,626	3,497	6,942	11,730	5,766	18,130	2,621	13,061	13,101	3,026	9,022	16,687	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from maturities of short-term investments
34,692	30,993	31,673	3,845	15,582	14,925	19,863	24,440	11,550	16,480	14,947	17,616	16,603	24,912	13,230	12,823	19,830	21,932	12,528	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities to third parties due to flood losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-1,538	-10	-5,964	-33,935	-1,262	-2,797	-4,000	-	-	-	-	-	-	-	-
Payments in connection with business acquisition, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	0	0	253	9,664	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of property, plant and equipment
12,071	9,068	6,343	5,450	3,479	4,322	5,410	5,557	6,863	10,202	11,203	11,038	12,812	17,322	27,090	7,071	7,138	17,955	8,452	8,418	37,608	3,862	1,510	3,555	3,082	2,945	1,253	2,159	2,549	1,959	4,126	9,141	8,057	12,475	5,862	6,548	3,960	4,556	7,245
Purchase of intangibles
-11	562	246	-8	39	173	78	90	798	-13	702	-142	1,591	141	178	105	64	142	68	-	-	-	-	-	-	-	-	-	-	-	-	130	-4	6	15	-61	162	2	7
Deposits for land purchase
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,352	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of assets for lease under direct financing leases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	116	2,824	41	9	1,484	90
Proceeds from direct financing leases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	504	713	56	254	8	6
Proceeds from disposal of property, plant and equipment
-	-	-	-	-	-	-	247	167	-107	142	40	63	20	107	132	4	30	28	2	0	0	46	-	-	-	-	-	-	-	-	5	17	0	5	18	0	89	22
Proceeds from insurers in settlement of claims related to flood damage
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	4,825	79	-	-	-	-	-	-	-	-
Net cash used in investing activities
-23,190	-17,407	11,676	-19,022	-92,186	-23,460	36,601	-9,723	-28,287	-8,584	-12,055	-9,501	3,047	-40,831	-43,271	-3,783	-16,172	754	-20,402	-26,340	-21,726	-145,969	-1,464	-3,527	34,712	-2,944	-1,253	-2,156	-2,526	2,867	-4,047	-9,266	-8,036	-12,093	-7,983	-6,454	-3,877	-5,945	-7,314
Payment of debt issuance costs
0	0	153	-	-	-	-	-	-	-	-	-	-	-	-	148	147	6	353	166	34	176	1,570	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from long-term borrowings
0	0	60,938	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	12,000	12,000	4,000	-	-	-	-
Proceeds from revolving loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of long-term borrowings
3,047	3,047	60,938	-	1,625	0	813	0	0	11	992	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of long-term loan from bank
-	-	-	-	-	-	-	1,012	3,400	3,400	3,400	3,400	4,900	4,900	4,900	-2,500	5,500	1,500	1,500	1,500	1,500	1,500	1,500	5,160	2,417	2,417	2,417	2,417	2,417	2,417	2,417	2,417	917	1,547	917	1,587	1,417	1,587	1,417
Proceeds from initial public offering, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	26,319
Proceeds from issuance of ordinary shares under employee share option plan
-	-	-	-	-	-	-	443	3	59	931	0	42	3,140	2,708	2,153	1,301	478	1,547	99	321	413	2	611	425	3,488	43	33	361	43	124	16	345	579	60	210	1,306	31	28
Repayment of capital lease liability
-	80	109	-	-	132	123	124	119	79	95	94	90	92	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Release of restricted cash held in connection with business acquisition
-	-	-	0	0	0	-3,478	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Withholding tax related to net share settlement of restricted share units
323	233	4,144	249	1,297	199	8,904	1,479	286	194	3,550	153	264	141	867	91	661	833	878	18	41	104	189	129	36	72	90	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
-24,234	-3,360	-4,406	-1,160	-8,414	-331	-13,318	-22,166	-16,299	-8,535	-7,106	-3,969	6,709	251	10,441	12,914	-5,007	16,139	-1,184	-1,585	28,746	-1,367	-3,257	-4,678	-2,028	999	-2,464	-2,384	-2,067	-2,384	-2,293	-2,401	11,428	11,032	3,143	623	-111	-1,556	24,930
Net increase in cash, cash equivalents and restricted cash
4,414	29,196	9,917	21,708	-64,394	10,914	57,876	16,397	8,095	23,048	-22,215	-2,924	50,392	-19,826	-33,832	-	-	-	-17,047	-15,777	16,900	-132,568	11,112	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Movement in cash, cash equivalents and restricted cash
Increase in cash, cash equivalents and restricted cash
4,414	29,196	9,917	21,708	-64,394	10,914	57,876	16,397	8,095	23,048	-22,215	-2,924	50,392	-19,826	-33,832	14,863	-3,527	36,058	-17,047	-15,777	16,900	-132,568	11,112	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of exchange rate on cash, cash equivalents and restricted cash
-579	392	-41	126	-195	106	667	-940	-373	161	123	252	672	-668	267	-16	125	-164	-466	-191	75	-144	94	72	-878	-524	-276	-716	649	238	278	-349	391	43	65	14	102	211	435
Non-cash investing and financing activities
Construction, software and equipment-related payables
-2,401	4,491	9,816	4,031	398	-942	3,830	460	-974	1,000	4,658	-3,975	-4,685	-2,600	19,694	15,560	-1,589	1,534	5,123	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16,722	14,420	-	28,732	12,466	-391	-9,554	12,941	-20,314	5,002	10,849	14,254	762	15,713
Net (decrease) increase in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16,722	14,420	-	28,732	12,466	-391	-9,554	12,941	-20,314	5,002	10,849	14,254	762	15,713