10-Q Filing

FABRINET CIK: 1408710 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001193125-13-427716`
Period End Date	20130930
Filing Date	20131105
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	fn-20130927.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 86 Income Statement 34 Cash Flow Statement 62

Balance Sheet 86 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`	$163.86M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$149.72M	USD	Point-in-time
Preferred shares, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred shares, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$115.51M	USD	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$125.88M	USD	Point-in-time
Preferred shares, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$118.47M	USD	Point-in-time
Preferred shares, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Inventory, net	`InventoryNet`	$88.96M	USD	Point-in-time
Ordinary shares, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Inventory, net	`InventoryNet`	$94.53M	USD	Point-in-time
Ordinary shares, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$1.94M	USD	Point-in-time
Ordinary shares, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Ordinary shares, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$1.62M	USD	Point-in-time
Ordinary shares, shares issued	`CommonStockSharesIssued`	34.73M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.93M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.40M	USD	Point-in-time
Ordinary shares, shares issued	`CommonStockSharesIssued`	34.63M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$3.50M	USD	Point-in-time
Ordinary shares, shares outstanding	`CommonStockSharesOutstanding`	34.63M	shares	Point-in-time
Ordinary shares, shares outstanding	`CommonStockSharesOutstanding`	34.73M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$2.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$364.53M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$389.38M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$97.13M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$97.21M	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$164.00K	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$136.00K	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$2.91M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$2.90M	USD	Point-in-time
Deposits and other non-current assets	`OtherAssetsNoncurrent`	$102.00K	USD	Point-in-time
Deposits and other non-current assets	`OtherAssetsNoncurrent`	$107.00K	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$100.38M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$100.28M	USD	Point-in-time
Total assets	`Assets`	$464.91M	USD	Point-in-time
Total assets	`Assets`	$489.67M	USD	Point-in-time
Long-term loans from bank, current portion	`LoansPayableToBankCurrent`	$9.67M	USD	Point-in-time
Long-term loans from bank, current portion	`LoansPayableToBankCurrent`	$9.67M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$77.14M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$90.33M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$1.99M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$1.82M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesGrossCurrent`	$2.48M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesGrossCurrent`	$2.61M	USD	Point-in-time
Accrued payroll, bonus and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$6.95M	USD	Point-in-time
Accrued payroll, bonus and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$6.22M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$4.17M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$3.12M	USD	Point-in-time
Other payables	`OtherLiabilitiesCurrent`	$5.16M	USD	Point-in-time
Other payables	`OtherLiabilitiesCurrent`	$4.44M	USD	Point-in-time
Liabilities to third parties due to flood losses	`LiabilitiesToThirdPartiesDueToFloodLosses`	$1.56M	USD	Point-in-time
Liabilities to third parties due to flood losses	`LiabilitiesToThirdPartiesDueToFloodLosses`	$9.81M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$121.71M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$115.43M	USD	Point-in-time
Long-term loans from bank, non-current portion	`LongTermLoansFromBank`	$16.83M	USD	Point-in-time
Long-term loans from bank, non-current portion	`LongTermLoansFromBank`	$19.24M	USD	Point-in-time
Severance liabilities	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$4.38M	USD	Point-in-time
Severance liabilities	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$4.56M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$536.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$536.00K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$24.16M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$21.93M	USD	Point-in-time
Total liabilities	`Liabilities`	$143.64M	USD	Point-in-time
Total liabilities	`Liabilities`	$139.59M	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred shares (5,000,000 shares authorized, $0.01 par value; no shares issued and outstanding as of September 27, 2013 and June 28, 2013)	`PreferredStockValue`	-	USD	Point-in-time
Preferred shares (5,000,000 shares authorized, $0.01 par value; no shares issued and outstanding as of September 27, 2013 and June 28, 2013)	`PreferredStockValue`	-	USD	Point-in-time
Ordinary shares (500,000,000 shares authorized, $0.01 par value; 34,733,691 shares and 34,634,967 issued and outstanding as of September 27, 2013 and June 28, 2013, respectively)	`CommonStockValue`	$347.00K	USD	Point-in-time
Ordinary shares (500,000,000 shares authorized, $0.01 par value; 34,733,691 shares and 34,634,967 issued and outstanding as of September 27, 2013 and June 28, 2013, respectively)	`CommonStockValue`	$346.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$72.62M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$71.10M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$273.07M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$253.87M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$346.03M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$325.32M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$489.67M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$464.91M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$171.55M	USD	1 Quarter
Revenues	`Revenues`	$158.62M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$152.91M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$140.90M	USD	1 Quarter
Gross profit	`GrossProfit`	$18.64M	USD	1 Quarter
Gross profit	`GrossProfit`	$17.72M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$6.69M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$5.86M	USD	1 Quarter
Income related to flooding	`OtherNonrecurringIncome`	$4.82M	USD	1 Quarter
Income related to flooding	`OtherNonrecurringIncome`	$6.60M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$16.68M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$18.55M	USD	1 Quarter
Interest income	`InterestIncomeDepositsWithFinancialInstitutions`	$188.00K	USD	1 Quarter
Interest income	`InterestIncomeDepositsWithFinancialInstitutions`	$364.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$206.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$286.00K	USD	1 Quarter
Foreign exchange gain, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$277.00K	USD	1 Quarter
Foreign exchange gain, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$1.09M	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$184.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$190.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$17.05M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$19.98M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$1.03M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$781.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$19.20M	USD	1 Quarter
Net income	`NetIncomeLoss`	$16.02M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.55	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.46	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.55	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.46	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	34.48M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	34.67M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	34.67M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	35.14M	shares	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net income for the period	`NetIncomeLoss`	$19.20M	USD	1 Quarter
Net income for the period	`NetIncomeLoss`	$16.02M	USD	1 Quarter
Depreciation	`Depreciation`	$2.52M	USD	1 Quarter
Depreciation	`Depreciation`	$2.51M	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$75.00K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$28.00K	USD	1 Quarter
Loss on disposal of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-1.00K	USD	1 Quarter
Income related to flooding	`OtherNonrecurringIncome`	$4.82M	USD	1 Quarter
Income related to flooding	`OtherNonrecurringIncome`	$6.60M	USD	1 Quarter
Reversal of allowance for doubtful accounts	`ProvisionForReductionOfDoubtfulAccounts`	$49.00K	USD	1 Quarter
Reversal of allowance for doubtful accounts	`ProvisionForReductionOfDoubtfulAccounts`	$53.00K	USD	1 Quarter
Unrealized gain on exchange rate and fair value of derivative	`UnrealizedGainLossOnDerivatives`	$808.00K	USD	1 Quarter
Unrealized gain on exchange rate and fair value of derivative	`UnrealizedGainLossOnDerivatives`	$714.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$1.25M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$1.56M	USD	1 Quarter
Deferred income tax	`DeferredIncomeTaxesAndTaxCredits`	$256.00K	USD	1 Quarter
Deferred income tax	`DeferredIncomeTaxesAndTaxCredits`	$438.00K	USD	1 Quarter
Other non-cash expenses	`OtherNoncashIncomeExpense`	$-218.00K	USD	1 Quarter
Other non-cash expenses	`OtherNoncashIncomeExpense`	$-588.00K	USD	1 Quarter
Reversal of inventory obsolescence	`InventoryWriteDownAndRecoveries`	$-166.00K	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$7.35M	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$9.56M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$5.57M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$7.30M	USD	1 Quarter
Other current assets and non-current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-60.00K	USD	1 Quarter
Other current assets and non-current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-1.30M	USD	1 Quarter
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$13.19M	USD	1 Quarter
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$5.92M	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$231.00K	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$124.00K	USD	1 Quarter
Other current liabilities and non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$550.00K	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`	$-5.96M	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`	$18.14M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.13M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.25M	USD	1 Quarter
Proceeds from insurers in settlement of claims related to flood damage	`ProceedsFromInsuranceSettlementInvestingActivities`	$79.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.25M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.05M	USD	1 Quarter
Repayment of long-term loans from bank	`RepaymentsOfLongTermDebt`	$2.42M	USD	1 Quarter
Repayment of long-term loans from bank	`RepaymentsOfLongTermDebt`	$2.42M	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`	$43.00K	USD	1 Quarter
Withholding tax related to net share settlement of restricted share units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$90.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.29M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.46M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-391.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$14.42M	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`	$163.86M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$149.72M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$115.51M	USD	Point-in-time
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-391.00K	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$14.42M	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`	$-276.00K	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`	$163.86M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$149.72M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$115.51M	USD	Point-in-time

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