10-Q Filing

FABRINET CIK: 1408710 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-11-304613`
Period End Date	20110930
Filing Date	20111109
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	fn-20110930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 88 Income Statement 32 Cash Flow Statement 68

Balance Sheet 88 line items

Line Item	Tag	Value	Unit	Period
Preferred shares, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred shares, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred shares, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred shares, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$127.28M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$132.35M	USD	Point-in-time
Preferred shares, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred shares, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$101.09M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$84.94M	USD	Point-in-time
Preferred shares, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$117.70M	USD	Point-in-time
Preferred shares, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$122.43M	USD	Point-in-time
Inventories, net	`InventoryNet`	$106.55M	USD	Point-in-time
Ordinary shares, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Ordinary shares, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Inventories, net	`InventoryNet`	$106.47M	USD	Point-in-time
Investment in leases	`CapitalLeasesLessorBalanceSheetNetInvestmentInDirectFinancingAndSalesTypeLeasesCurrent`	$1.79M	USD	Point-in-time
Ordinary shares, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Investment in leases	`CapitalLeasesLessorBalanceSheetNetInvestmentInDirectFinancingAndSalesTypeLeasesCurrent`	$448.00K	USD	Point-in-time
Ordinary shares, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Ordinary shares, shares issued	`CommonStockSharesIssued`	34.24M	shares	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$1.47M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$1.31M	USD	Point-in-time
Ordinary shares, shares issued	`CommonStockSharesIssued`	34.21M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.98M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.47M	USD	Point-in-time
Ordinary shares, shares outstanding	`CommonStockSharesOutstanding`	34.24M	shares	Point-in-time
Ordinary shares, shares outstanding	`CommonStockSharesOutstanding`	34.21M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$357.68M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$367.58M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$82.79M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$75.41M	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$649.00K	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$892.00K	USD	Point-in-time
Investment in leases	`CapitalLeasesLessorBalanceSheetNetInvestmentInDirectFinancingAndSalesTypeLeasesNoncurrent`	$1.16M	USD	Point-in-time
Investment in leases	`CapitalLeasesLessorBalanceSheetNetInvestmentInDirectFinancingAndSalesTypeLeasesNoncurrent`	$1.93M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$1.95M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$2.06M	USD	Point-in-time
Deposits and other non-current assets	`DepositsAndOtherAssetsNoncurrent`	$681.00K	USD	Point-in-time
Deposits and other non-current assets	`DepositsAndOtherAssetsNoncurrent`	$667.00K	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$80.10M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$88.09M	USD	Point-in-time
Total assets	`Assets`	$455.67M	USD	Point-in-time
Total assets	`Assets`	$437.77M	USD	Point-in-time
Long-term loans from banks, current portion	`LoansPayableToBankCurrent`	$4.40M	USD	Point-in-time
Long-term loans from banks, current portion	`LoansPayableToBankCurrent`	$4.90M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$92.56M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$85.79M	USD	Point-in-time
Construction payable	`ConstructionPayableCurrent`	$5.27M	USD	Point-in-time
Construction payable	`ConstructionPayableCurrent`	$2.48M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$1.86M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$2.52M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesCurrent`	$1.06M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesCurrent`	$1.12M	USD	Point-in-time
Accrued payroll, profit sharing and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$7.68M	USD	Point-in-time
Accrued payroll, profit sharing and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$7.37M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$5.12M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$3.99M	USD	Point-in-time
Other payables	`OtherLiabilitiesCurrent`	$3.80M	USD	Point-in-time
Other payables	`OtherLiabilitiesCurrent`	$4.16M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$116.24M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$117.81M	USD	Point-in-time
Long-term loans from banks, non-current portion	`LongTermLoansFromBank`	$11.98M	USD	Point-in-time
Long-term loans from banks, non-current portion	`LongTermLoansFromBank`	$14.56M	USD	Point-in-time
Severance liabilities	`PostretirementBenefitsLiabilityNoncurrent`	$4.48M	USD	Point-in-time
Severance liabilities	`PostretirementBenefitsLiabilityNoncurrent`	$4.62M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$2.02M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$1.98M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$18.44M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$21.20M	USD	Point-in-time
Total liabilities	`Liabilities`	$136.25M	USD	Point-in-time
Total liabilities	`Liabilities`	$137.44M	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred shares (5,000,000 shares authorized, $0.01 par value; no shares issued and outstanding as of September 30, 2011 and June 24, 2011)	`PreferredStockValue`	-	USD	Point-in-time
Preferred shares (5,000,000 shares authorized, $0.01 par value; no shares issued and outstanding as of September 30, 2011 and June 24, 2011)	`PreferredStockValue`	-	USD	Point-in-time
Ordinary shares (500,000,000 shares authorized, $0.01 par value; 34,238,964 shares and 34,207,579 shares issued and outstanding as of September 30, 2011 and June 24, 2011, respectively)	`CommonStockValue`	$342.00K	USD	Point-in-time
Ordinary shares (500,000,000 shares authorized, $0.01 par value; 34,238,964 shares and 34,207,579 shares issued and outstanding as of September 30, 2011 and June 24, 2011, respectively)	`CommonStockValue`	$342.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$59.82M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$60.86M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$241.37M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$257.02M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$301.53M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$318.23M	USD	Point-in-time
Total Liabilities and Shareholders' equity	`LiabilitiesAndStockholdersEquity`	$437.77M	USD	Point-in-time
Total Liabilities and Shareholders' equity	`LiabilitiesAndStockholdersEquity`	$455.67M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Revenues	`SalesRevenueNet`	$186.35M	USD	1 Quarter
Revenues	`SalesRevenueNet`	$173.74M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$151.96M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$163.46M	USD	1 Quarter
Gross profit	`GrossProfit`	$22.88M	USD	1 Quarter
Gross profit	`GrossProfit`	$21.78M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$6.64M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$4.83M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$16.25M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$16.95M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$195.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$98.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$74.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$111.00K	USD	1 Quarter
Foreign exchange loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-378.00K	USD	1 Quarter
Foreign exchange loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-187.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$4.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$97.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$16.56M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$16.28M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$622.00K	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$1.36M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.21M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.65M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.45	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.46	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.44	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.45	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	33.76M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	34.22M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	34.35M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	34.50M	shares	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net income for the period	`NetIncomeLoss`	$15.21M	USD	1 Quarter
Net income for the period	`NetIncomeLoss`	$15.65M	USD	1 Quarter
Depreciation and impairment losses	`DepreciationAndImpairmentLosses`	$2.50M	USD	1 Quarter
Depreciation and impairment losses	`DepreciationAndImpairmentLosses`	$2.10M	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$102.00K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$130.00K	USD	1 Quarter
Gain on disposal of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$21.00K	USD	1 Quarter
Gain on disposal of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$4.00K	USD	1 Quarter
Allowance for doubtful accounts and warranties	`ProvisionForDoubtfulAccountsAndProductWarrantyExpense`	$15.00K	USD	1 Quarter
Allowance for doubtful accounts and warranties	`ProvisionForDoubtfulAccountsAndProductWarrantyExpense`	$16.00K	USD	1 Quarter
Unrealized loss (gain) on exchange rate and fair value of derivative	`UnrealizedGainLossOnDerivatives`	$-576.00K	USD	1 Quarter
Unrealized loss (gain) on exchange rate and fair value of derivative	`UnrealizedGainLossOnDerivatives`	$510.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$228.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$988.00K	USD	1 Quarter
Deferred income tax	`DeferredIncomeTaxExpenseBenefit`	$-173.00K	USD	1 Quarter
Deferred income tax	`DeferredIncomeTaxExpenseBenefit`	$-201.00K	USD	1 Quarter
Provision for uncertain tax position and severance liabilities, net of payments	`ProvisionForUncertainTaxPositionAndPostretirementBenefitsLiability`	$188.00K	USD	1 Quarter
Provision for uncertain tax position and severance liabilities, net of payments	`ProvisionForUncertainTaxPositionAndPostretirementBenefitsLiability`	$574.00K	USD	1 Quarter
Inventory obsolescence	`InventoryWriteDown`	$153.00K	USD	1 Quarter
Inventory obsolescence	`InventoryWriteDown`	$9.00K	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.74M	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$8.65M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$15.14M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$94.00K	USD	1 Quarter
Other current assets and non-current assets	`IncreaseDecreaseInOtherOperatingAssets`	$2.11M	USD	1 Quarter
Other current assets and non-current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-1.49M	USD	1 Quarter
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-6.77M	USD	1 Quarter
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$5.47M	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$896.00K	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$657.00K	USD	1 Quarter
Other current liabilities and non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-524.00K	USD	1 Quarter
Other current liabilities and non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-72.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.90M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.84M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.86M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.25M	USD	1 Quarter
Purchase of intangibles	`PaymentsToAcquireIntangibleAssets`	$15.00K	USD	1 Quarter
Purchase of intangibles	`PaymentsToAcquireIntangibleAssets`	$7.00K	USD	1 Quarter
Purchase of assets for lease under direct financing leases	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$2.82M	USD	1 Quarter
Purchase of assets for lease under direct financing leases	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$90.00K	USD	1 Quarter
Proceeds from direct financing leases	`ReceiptOfPrincipalPaymentsOnDirectFinancingAndSalesTypeLeases`	$713.00K	USD	1 Quarter
Proceeds from direct financing leases	`ReceiptOfPrincipalPaymentsOnDirectFinancingAndSalesTypeLeases`	$6.00K	USD	1 Quarter
Proceeds from disposals of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$22.00K	USD	1 Quarter
Proceeds from disposals of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$5.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.98M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.31M	USD	1 Quarter
Receipts of long-term loans from banks	`ProceedsFromIssuanceOfLongTermDebt`	$4.00M	USD	1 Quarter
Repayments of long-term loans from banks	`RepaymentsOfLongTermDebt`	$917.00K	USD	1 Quarter
Repayments of long-term loans from banks	`RepaymentsOfLongTermDebt`	$1.42M	USD	1 Quarter
Proceeds from initial public offering, net	`ProceedsFromIssuanceInitialPublicOffering`	$26.32M	USD	1 Quarter
Proceeds from issue of ordinary shares under employee share option plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$28.00K	USD	1 Quarter
Proceeds from issue of ordinary shares under employee share option plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$60.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$24.93M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.14M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.00M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$15.71M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$127.28M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$132.35M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$101.09M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$84.94M	USD	Point-in-time
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.00M	USD	1 Quarter
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$15.71M	USD	1 Quarter
Effect of exchange rate on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$65.00K	USD	1 Quarter
Effect of exchange rate on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$435.00K	USD	1 Quarter
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$127.28M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$132.35M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$101.09M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$84.94M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.