Fabrinet FN Cash Flow

Fabrinet (FN)

CashFlow / TTM

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
118,412	118,780	119,062	120,955	110,766	103,184	90,984	84,167	88,800	89,403	95,382	97,115	89,383	88,549	83,060	61,897	55,263	45,286	34,209	43,642	40,940	77,757	83,570	91,731	96,540	70,004	72,147	68,969	61,284	-6,167	-56,103	-56,467	-47,269	15,719	64,779	64,329	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization
30,538	30,223	29,997	29,944	30,320	29,822	29,080	29,087	28,125	27,300	26,099	23,793	21,520	19,821	18,407	17,357	16,418	15,334	14,123	12,947	12,295	11,535	11,036	10,658	10,167	10,022	9,981	9,994	9,856	9,404	9,364	9,339	9,246	9,384	9,091	8,696	0	0	0
Amortization of intangibles
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	104	126	170	217	271	317	347	374	405	445	471	499	0	0	0
Loss on disposal of property, plant and equipment
-359	290	42	4	0	0	0	-	-	-	121	30	53	5	87	73	14	45	22	42	0	0	0	-	-	-	-	24	-1	-7	-22	-17	-14	-30	-7	10	0	0	0
Loss on disposal of intangibles
-	-	-	-149	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain from sales and maturities of available-for-sale securities
-238	1,004	110	-135	194	-1,781	-895	-364	-1,591	-480	-569	-822	23	-303	-186	-194	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accretion of premiums on short-term investments
612	-58	433	592	1,079	876	384	506	621	584	575	193	-590	-569	-666	-798	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred debt issuance costs
0	0	0	-	-	-	-	994	238	619	638	1,396	1,806	1,472	1,495	758	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income related to flooding
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	45,211	53,612	13,223	18,048	29,465	0	0	0	-	-	-	-	-	-	-	-
Proceeds from insurers in settlement of claim related to flood damage
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,416	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Allowance for doubtful accounts
-	0	0	-	-	-	-	23	42	46	-1	1	27	-16	24	17	3	9	10	13	-7	-22	-20	-72	-250	-183	-196	-94	190	184	158	124	-129	-124	-39	-38	0	0	0
Unrealized loss (gain) on exchange rate and fair value of foreign currency forward contracts
687	0	1,269	6,980	2,522	3,293	2,036	-4,222	-3,995	-6,657	-5,823	-1,884	1,219	6,694	10,863	-1,905	-3,363	-6,256	-11,588	-671	591	-22	-1,468	-722	-1,550	-360	1,137	1,043	1,127	1,604	2,215	925	431	-398	-1,301	-215	0	0	0
Unrealized loss on fair value of interest rate swaps
0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share-based compensation
22,085	20,391	18,172	17,157	18,250	19,152	20,641	22,581	22,275	24,677	27,816	26,507	24,081	18,352	12,865	9,927	10,003	10,013	8,833	8,027	6,815	6,284	5,851	5,547	5,669	5,528	5,409	5,100	4,688	4,690	4,915	4,649	4,732	4,631	4,220	3,460	0	0	0
Deferred income tax
1,776	1,941	1,581	879	-1,655	-1,440	-1,764	-2,074	-235	-337	136	754	818	1,389	1,018	864	39	-381	-727	-878	334	-207	-367	65	339	831	2,268	2,086	1,704	1,492	-1,785	-2,242	-2,853	-2,910	-967	-939	0	0	0
Other non-cash expenses
310	542	115	450	2,308	1,389	579	-332	-820	-1,030	-830	-654	-2,348	-1,565	-1,811	-1,744	-1,740	-1,762	-1,748	-1,722	-1,532	-1,127	-776	-634	432	560	459	89	-1,328	-1,170	-869	-93	0	0	0	-	-	-	-
Reversal of inventory obsolescence
-	-	-349	-	-	-	-622	-436	-177	796	-188	42	-249	-143	-733	-521	0	0	0	-	-	-	-	-	-	-	-	-584	0	0	0	-	-	-	-	-	-	-	-
Provision for uncertain tax position and severance liabilities, net of payments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Inventory obsolescence
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	0
Loss from written-off inventory due to flood loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	233	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities
Trade accounts receivable
18,688	24,083	15,574	13,494	21,501	2,236	-18,087	-17,852	-8,108	17,656	63,388	64,142	74,837	89,306	67,941	61,013	51,980	43,334	32,000	33,797	1,490	-17,674	-17,982	-17,379	-1,355	-4,564	-6,947	-4,739	6,444	33,609	15,485	10,672	-2,602	-25,630	12,322	16,229	0	0	0
Contract assets
5,870	-2,222	1,463	2,570	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventories
4,213	15,922	42,765	44,035	54,877	47,265	32,304	19,432	15,009	25,563	48,544	53,802	71,106	69,880	58,738	50,598	23,276	12,893	14,973	6,440	18,936	31,746	35,102	36,051	14,253	-2,455	-15,965	-14,229	-4,628	-2,864	21,075	13,867	7,682	12,648	-6,708	8,336	0	0	0
Other current assets and non-current assets
-7,212	-5,157	-5,018	186	-3,821	-4,465	-1,820	4,464	16,005	13,779	12,779	2,231	-1,823	2,173	1,948	5,901	3,516	-770	555	283	716	1,240	1,491	1,035	-679	2,378	2,446	1,207	5,308	3,498	5,485	5,291	4,511	2,924	-1,606	1,998	0	0	0
Trade accounts payable
-14,340	-13,285	4,362	38,807	63,596	66,404	44,007	3,502	-16,878	-6,359	23,867	38,293	58,230	67,739	56,358	56,308	42,778	16,209	16,659	20,466	1,741	10,680	11,385	17,714	27,202	14,281	-1,591	-8,861	-945	16,692	6,128	-6,563	-21,792	-43,760	-22,654	-10,414	0	0	0
Contract liabilities
0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax payable
206	569	145	1,092	2,353	1,383	-80	-1,267	-1,911	-1,306	-609	-67	853	701	901	573	377	380	693	446	341	891	1,073	737	-472	-144	-112	-5	351	-322	-1,931	-1,505	-1,752	-1,550	154	393	0	0	0
Severance liabilities
3,768	4,019	3,282	3,343	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current liabilities and non-current liabilities
5,791	233	-8,071	1,532	3,071	34	4,732	915	-3,331	719	11,906	-1,379	11,728	11,701	5,640	13,209	1,134	4,528	-688	4,106	5,011	5,825	8,089	4,951	5,559	2,637	864	-35	-2,064	827	992	817	1,062	-1,604	595	1,047	0	0	0
Net cash provided by operating activities
146,338	130,706	115,448	147,394	153,790	170,265	175,727	138,080	100,340	88,295	68,882	70,934	66,120	43,136	41,547	47,088	53,504	45,732	41,335	52,629	48,427	60,347	64,246	66,550	56,097	67,622	60,938	48,750	53,370	29,594	-1,642	2,251	16,818	25,511	53,027	41,282	0	0	0
Cash flows from investing activities
Purchase of short-term investments
154,732	252,666	294,005	233,080	270,717	186,370	127,894	152,908	106,546	88,052	117,010	122,778	123,448	138,488	102,305	108,341	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of short-term investments
62,009	101,334	124,433	99,142	125,567	113,595	74,246	61,795	27,935	42,568	38,247	39,578	46,913	31,809	38,210	41,836	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from maturities of short-term investments
101,203	82,093	66,025	54,215	74,810	70,778	72,333	67,417	60,593	65,646	74,078	72,361	67,568	70,795	67,815	67,113	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities to third parties due to flood losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7,512	-41,447	-41,171	-43,958	-41,994	0	0	0	-	-	-	-	-	-	-	-
Payments in connection with business acquisition, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	9,917	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of property, plant and equipment
32,932	24,340	19,594	18,661	18,768	22,152	28,032	33,825	39,306	45,255	52,375	68,262	64,295	58,621	59,254	40,616	41,963	72,433	58,340	51,398	46,535	12,009	11,092	10,835	9,439	8,906	7,920	10,793	17,775	23,283	33,799	35,535	32,942	28,845	20,926	22,309	0	0	0
Purchase of intangibles
789	839	450	282	380	1,139	953	1,577	1,345	2,138	2,292	1,768	2,015	488	489	379	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	147	-44	122	118	110	0	0	0
Deposits for land purchase
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of assets for lease under direct financing leases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,940	2,981	2,990	4,358	1,624	0	0	0
Proceeds from direct financing leases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,217	1,273	1,527	1,031	324	0	0	0
Proceeds from disposal of property, plant and equipment
-	-	-	-	-	-	-	449	242	138	265	230	322	263	273	194	64	60	30	48	0	0	0	-	-	-	-	-	-	-	-	27	40	23	112	129	0	0	0
Proceeds from insurers in settlement of claims related to flood damage
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,904	0	0	0	-	-	-	-	-	-	-	-
Net cash used in investing activities
-47,943	-116,939	-122,992	-98,067	-88,768	-24,869	-9,993	-58,649	-58,427	-27,093	-59,340	-90,556	-84,838	-104,057	-62,472	-39,603	-62,160	-67,714	-214,437	-195,499	-172,686	-116,248	26,777	26,988	28,359	-8,879	-3,068	-5,862	-12,972	-18,482	-33,442	-37,378	-34,566	-30,407	-24,259	-23,590	0	0	0
Payment of debt issuance costs
0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	654	672	559	729	1,946	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from long-term borrowings
0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28,000	0	0	0	-	-	-	-
Proceeds from revolving loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of long-term borrowings
0	0	0	-	2,438	813	824	1,003	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of long-term loan from bank
-	-	-	-	-	-	-	11,212	13,600	15,100	16,600	18,100	12,200	12,800	9,400	6,000	10,000	6,000	6,000	6,000	9,660	10,577	11,494	12,411	9,668	9,668	9,668	9,668	9,668	8,168	7,298	5,798	4,968	5,468	5,508	6,008	0	0	0
Proceeds from initial public offering, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26,319	0	0	0
Proceeds from issuance of ordinary shares under employee share option plan
-	-	-	-	-	-	-	1,436	993	1,032	4,113	5,890	8,043	9,302	6,640	5,479	3,425	2,445	2,380	835	1,347	1,451	4,526	4,567	3,989	3,925	480	561	544	528	1,064	1,000	1,194	2,155	1,607	1,575	0	0	0
Repayment of capital lease liability
-	0	454	-	-	498	445	417	387	358	371	276	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Release of restricted cash held in connection with business acquisition
-	-	-	-3,478	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Withholding tax related to net share settlement of restricted share units
4,949	5,923	5,889	10,649	11,879	10,868	10,863	5,509	4,183	4,161	4,108	1,425	1,363	1,760	2,452	2,463	2,390	1,770	1,041	352	463	458	426	327	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
-33,160	-17,340	-14,311	-23,223	-44,229	-52,114	-60,318	-54,106	-35,909	-12,901	-4,115	13,432	30,315	18,599	34,487	22,862	8,363	42,116	24,610	22,537	19,444	-11,330	-8,964	-8,171	-5,877	-5,916	-9,299	-9,128	-9,145	4,350	17,766	23,202	26,226	14,687	2,099	23,886	0	0	0
Net increase in cash, cash equivalents and restricted cash
65,235	-3,573	-21,855	26,104	20,793	93,282	105,416	25,325	6,004	48,301	5,427	-6,190	0	0	0	-	-	-	-148,492	-120,333	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Movement in cash, cash equivalents and restricted cash
Increase in cash, cash equivalents and restricted cash
65,235	-3,573	-21,855	26,104	20,793	93,282	105,416	25,325	6,004	48,301	5,427	-6,190	11,597	-42,322	13,562	30,347	-293	20,134	-148,492	-120,333	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of exchange rate on cash, cash equivalents and restricted cash
-102	282	-4	704	-362	-540	-485	-1,029	163	1,208	379	523	255	-292	212	-521	-696	-746	-726	-166	97	-856	-1,236	-1,606	-2,394	-867	-105	449	816	558	363	150	513	224	392	762	0	0	0
Non-cash investing and financing activities
Construction, software and equipment-related payables
15,937	18,736	13,303	7,317	3,746	2,374	4,316	5,144	709	-3,002	-6,602	8,434	27,969	31,065	35,199	20,628	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	31,253	15,462	-17,318	-11,925	8,478	9,791	30,867	41,578	0	0	0
Net (decrease) increase in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	31,253	15,462	-17,318	-11,925	8,478	9,791	30,867	41,578	0	0	0