10-Q Filing

FABRINET CIK: 1408710 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-454510`
Period End Date	20120930
Filing Date	20121106
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	fn-20120928.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 88 Income Statement 33 Cash Flow Statement 67

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`	$115.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$132.35M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$115.51M	USD	Point-in-time
Preferred shares, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$127.28M	USD	Point-in-time
Preferred shares, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred shares, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred shares, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$128.25M	USD	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$137.86M	USD	Point-in-time
Inventory, net	`InventoryNet`	$110.69M	USD	Point-in-time
Ordinary shares, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Inventory, net	`InventoryNet`	$103.22M	USD	Point-in-time
Ordinary shares, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Ordinary shares, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsLiabilitiesNetCurrent`	$2.48M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsLiabilitiesNetCurrent`	$4.09M	USD	Point-in-time
Ordinary shares, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Ordinary shares, shares issued	`CommonStockSharesIssued`	34.47M	shares	Point-in-time
Ordinary shares, shares issued	`CommonStockSharesIssued`	34.50M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.39M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$3.57M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$6.03M	USD	Point-in-time
Ordinary shares, shares outstanding	`CommonStockSharesOutstanding`	34.47M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$5.92M	USD	Point-in-time
Ordinary shares, shares outstanding	`CommonStockSharesOutstanding`	34.50M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$374.73M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$360.67M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$97.92M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$98.13M	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$380.00K	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$305.00K	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$1.76M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$3.24M	USD	Point-in-time
Deposits and other non-current assets	`OtherAssetsNoncurrent`	$624.00K	USD	Point-in-time
Deposits and other non-current assets	`OtherAssetsNoncurrent`	$636.00K	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$102.31M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$100.69M	USD	Point-in-time
Total assets	`Assets`	$477.04M	USD	Point-in-time
Total assets	`Assets`	$461.36M	USD	Point-in-time
Long-term loans from banks, current portion	`LoansPayableToBankCurrent`	$9.67M	USD	Point-in-time
Long-term loans from banks, current portion	`LoansPayableToBankCurrent`	$9.67M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$86.00M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$91.92M	USD	Point-in-time
Construction-related payable	`ConstructionPayableCurrent`	$928.00K	USD	Point-in-time
Construction-related payable	`ConstructionPayableCurrent`	$2.22M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$353.00K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$584.00K	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesGrossCurrent`	$1.41M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesGrossCurrent`	$1.53M	USD	Point-in-time
Accrued payroll, bonus and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$5.18M	USD	Point-in-time
Accrued payroll, bonus and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$6.79M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.62M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.63M	USD	Point-in-time
Other payables	`OtherLiabilitiesCurrent`	$6.60M	USD	Point-in-time
Other payables	`OtherLiabilitiesCurrent`	$4.13M	USD	Point-in-time
Liabilities to third parties due to flood losses	`LiabilitiesToThirdPartiesDueToFloodLosses`	$61.20M	USD	Point-in-time
Liabilities to third parties due to flood losses	`LiabilitiesToThirdPartiesDueToFloodLosses`	$57.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$175.37M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$175.26M	USD	Point-in-time
Long-term loans from banks, non-current portion	`LongTermLoansFromBank`	$28.91M	USD	Point-in-time
Long-term loans from banks, non-current portion	`LongTermLoansFromBank`	$26.49M	USD	Point-in-time
Severance liabilities	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$4.77M	USD	Point-in-time
Severance liabilities	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$4.42M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$2.06M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$2.30M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$33.57M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$35.40M	USD	Point-in-time
Total liabilities	`Liabilities`	$208.93M	USD	Point-in-time
Total liabilities	`Liabilities`	$210.65M	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 28, 2012 and June 29, 2012)	`PreferredStockValue`	-	USD	Point-in-time
Preferred shares (5,000,000 shares authorized, $0.01 par value; no shares issued and outstanding as of September 28, 2012 and June 29, 2012)	`PreferredStockValue`	-	USD	Point-in-time
Ordinary shares (500,000,000 shares authorized, $0.01 par value; 34,496,237 shares and 34,470,829 shares issued and outstanding as of September 28, 2012 and June 29, 2012, respectively)	`CommonStockValue`	$345.00K	USD	Point-in-time
Ordinary shares (500,000,000 shares authorized, $0.01 par value; 34,496,237 shares and 34,470,829 shares issued and outstanding as of September 28, 2012 and June 29, 2012, respectively)	`CommonStockValue`	$345.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$66.84M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$65.46M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$184.90M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$200.92M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$250.71M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$268.11M	USD	Point-in-time
Total Liabilities and Shareholders' equity	`LiabilitiesAndStockholdersEquity`	$461.36M	USD	Point-in-time
Total Liabilities and Shareholders' equity	`LiabilitiesAndStockholdersEquity`	$477.04M	USD	Point-in-time

Income Statement 33 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$158.62M	USD	1 Quarter
Revenues	`Revenues`	$186.35M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$140.90M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$163.46M	USD	1 Quarter
Gross profit	`GrossProfit`	$17.72M	USD	1 Quarter
Gross profit	`GrossProfit`	$22.88M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$6.64M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$5.86M	USD	1 Quarter
Income (expense) related to flooding	`OtherNonrecurringIncomeExpense`	$-4.82M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$16.25M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$16.68M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$188.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$195.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$286.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$74.00K	USD	1 Quarter
Foreign exchange gain (loss), net	`ForeignCurrencyTransactionGainLossBeforeTax`	$277.00K	USD	1 Quarter
Foreign exchange gain (loss), net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-187.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$190.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$97.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$16.28M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$17.05M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$622.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$1.03M	USD	1 Quarter
Net income	`NetIncomeLoss`	$16.02M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.65M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.46	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.46	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.46	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.45	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	34.22M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	34.48M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	34.67M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	34.50M	shares	1 Quarter

Cash Flow Statement 67 line items

Line Item	Tag	Value	Unit	Period
Net income for the period	`NetIncomeLoss`	$16.02M	USD	1 Quarter
Net income for the period	`NetIncomeLoss`	$15.65M	USD	1 Quarter
Depreciation	`Depreciation`	$2.50M	USD	1 Quarter
Depreciation	`Depreciation`	$2.52M	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$102.00K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$75.00K	USD	1 Quarter
Loss (gain) on disposal of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$4.00K	USD	1 Quarter
Loss (gain) on disposal of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-1.00K	USD	1 Quarter
Income (expense) related to flooding	`OtherNonrecurringIncomeExpense`	$-4.82M	USD	1 Quarter
Proceeds from insurers for business interruption losses related to flooding	`ProceedsFromInsuranceSettlementOperatingActivities`	$4.74M	USD	1 Quarter
Allowance for (reversal of) doubtful accounts	`ProvisionForDoubtfulAccounts`	$-49.00K	USD	1 Quarter
Allowance for (reversal of) doubtful accounts	`ProvisionForDoubtfulAccounts`	$15.00K	USD	1 Quarter
Unrealized (gain) loss on exchange rate and fair value of derivative	`UnrealizedGainLossOnDerivatives`	$714.00K	USD	1 Quarter
Unrealized (gain) loss on exchange rate and fair value of derivative	`UnrealizedGainLossOnDerivatives`	$-576.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$988.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$1.25M	USD	1 Quarter
Deferred income tax	`DeferredIncomeTaxesAndTaxCredits`	$256.00K	USD	1 Quarter
Deferred income tax	`DeferredIncomeTaxesAndTaxCredits`	$-201.00K	USD	1 Quarter
Other non-cash expenses	`OtherNoncashExpense`	$188.00K	USD	1 Quarter
Other non-cash expenses	`OtherNoncashExpense`	$588.00K	USD	1 Quarter
Inventory obsolescence	`InventoryWriteDown`	$-166.00K	USD	1 Quarter
Inventory obsolescence	`InventoryWriteDown`	$9.00K	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$9.56M	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.74M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$94.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$7.30M	USD	1 Quarter
Other current assets and non-current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-1.30M	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`	$5.92M	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$657.00K	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$231.00K	USD	1 Quarter
Other current liabilities and non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-524.00K	USD	1 Quarter
Other current liabilities and non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-349.00K	USD	1 Quarter
Liabilities to third parties due to flood losses	`IncreaseDecreaseInOtherInsuranceLiabilities`	$-4.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.95M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.84M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.13M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.86M	USD	1 Quarter
Purchase of intangibles	`PaymentsToAcquireIntangibleAssets`	$15.00K	USD	1 Quarter
Purchase of assets for lease under direct financing leases	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$2.82M	USD	1 Quarter
Proceeds from direct financing leases	`ProceedsFromCollectionOfLeaseReceivables`	$713.00K	USD	1 Quarter
Proceeds from disposal of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$5.00K	USD	1 Quarter
Proceeds from insurers in settlement of claim related to flood damage to Pinehurst building	`ProceedsFromInsuranceSettlementInvestingActivities`	$79.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.05M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.98M	USD	1 Quarter
Receipt of long-term loans from banks	`ProceedsFromIssuanceOfLongTermDebt`	$4.00M	USD	1 Quarter
Repayment of long-term loans from banks	`RepaymentsOfLongTermDebt`	$2.42M	USD	1 Quarter
Repayment of long-term loans from banks	`RepaymentsOfLongTermDebt`	$917.00K	USD	1 Quarter
Proceeds from issuance of ordinary shares under employee share option plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$124.00K	USD	1 Quarter
Proceeds from issuance of ordinary shares under employee share option plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$60.00K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.29M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.14M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-391.00K	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.00M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$115.39M	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`	$115.51M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$127.28M	USD	Point-in-time
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-391.00K	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.00M	USD	1 Quarter
Effect of exchange rate on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$278.00K	USD	1 Quarter
Effect of exchange rate on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$65.00K	USD	1 Quarter
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$115.39M	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`	$115.51M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$127.28M	USD	Point-in-time

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