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10-Q Filing

FABRINET CIK: 1408710 Q1 2017
Filing Information
Form Type 10-Q
Accession Number 0001193125-16-764312
Period End Date 20160930
Filing Date 20161109
Fiscal Year 2017
Fiscal Period Q1
XBRL Instance fn-20160930.xml
Filing Contents

This filing contains the following financial statements:

Balance Sheet 94 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 $95.47M USD Point-in-time
Preferred shares, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $142.80M USD Point-in-time
Preferred shares, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $112.98M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $105.86M USD Point-in-time
Marketable securities MarketableSecuritiesCurrent $141.71M USD Point-in-time
Marketable securities MarketableSecuritiesCurrent $147.70M USD Point-in-time
Preferred shares, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Preferred shares, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Ordinary shares, shares authorized CommonStockSharesAuthorized 500.00M shares Point-in-time
Trade accounts receivable, net AccountsReceivableNetCurrent $196.15M USD Point-in-time
Ordinary shares, shares authorized CommonStockSharesAuthorized 500.00M shares Point-in-time
Trade accounts receivable, net AccountsReceivableNetCurrent $212.68M USD Point-in-time
Ordinary shares, par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Inventory, net InventoryNet $181.50M USD Point-in-time
Ordinary shares, par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Inventory, net InventoryNet $205.48M USD Point-in-time
Deferred tax assets DeferredTaxAssetsNetCurrent $1.36M USD Point-in-time
Ordinary shares, shares issued CommonStockSharesIssued 36.70M shares Point-in-time
Ordinary shares, shares issued CommonStockSharesIssued 36.16M shares Point-in-time
Ordinary shares, shares outstanding CommonStockSharesOutstanding 36.70M shares Point-in-time
Prepaid expenses PrepaidExpenseCurrent $3.51M USD Point-in-time
Prepaid expenses PrepaidExpenseCurrent $3.11M USD Point-in-time
Ordinary shares, shares outstanding CommonStockSharesOutstanding 36.16M shares Point-in-time
Other current assets OtherAssetsCurrent $6.66M USD Point-in-time
Other current assets OtherAssetsCurrent $5.21M USD Point-in-time
Total current assets AssetsCurrent $680.45M USD Point-in-time
Total current assets AssetsCurrent $673.29M USD Point-in-time
Restricted cash in connection with business acquisition RestrictedCashAndCashEquivalentsNoncurrent $3.38M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $178.41M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $205.84M USD Point-in-time
Intangibles, net FiniteLivedIntangibleAssetsNet $5.09M USD Point-in-time
Intangibles, net FiniteLivedIntangibleAssetsNet $499.00K USD Point-in-time
Goodwill Goodwill - USD Point-in-time
Goodwill Goodwill $2.99M USD Point-in-time
Deferred tax assets DeferredTaxAssetsNetNoncurrent $2.50M USD Point-in-time
Deferred tax assets DeferredTaxAssetsNetNoncurrent $1.81M USD Point-in-time
Deferred debt issuance costs on revolving loan and other non-current assets DeferredFinanceCostsAndOtherAssetsNoncurrent $1.04M USD Point-in-time
Deferred debt issuance costs on revolving loan and other non-current assets DeferredFinanceCostsAndOtherAssetsNoncurrent $1.85M USD Point-in-time
Total non-current assets AssetsNoncurrent $182.57M USD Point-in-time
Total non-current assets AssetsNoncurrent $220.85M USD Point-in-time
Total Assets Assets $855.86M USD Point-in-time
Total Assets Assets $901.30M USD Point-in-time
Bank borrowings, net of unamortized debt issuance costs LongTermDebtCurrent $24.31M USD Point-in-time
Bank borrowings, net of unamortized debt issuance costs LongTermDebtCurrent $37.52M USD Point-in-time
Trade accounts payable AccountsPayableTradeCurrent $179.74M USD Point-in-time
Trade accounts payable AccountsPayableTradeCurrent $172.05M USD Point-in-time
Fixed assets payable AccruedCapitalExpenditure $19.69M USD Point-in-time
Fixed assets payable AccruedCapitalExpenditure $20.63M USD Point-in-time
Capital lease liability, current portion CapitalLeaseObligationsCurrent $122.00K USD Point-in-time
Income tax payable AccruedIncomeTaxesCurrent $3.08M USD Point-in-time
Income tax payable AccruedIncomeTaxesCurrent $2.01M USD Point-in-time
Accrued payroll, bonus and related expenses EmployeeRelatedLiabilitiesCurrent $12.42M USD Point-in-time
Accrued payroll, bonus and related expenses EmployeeRelatedLiabilitiesCurrent $12.30M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $6.46M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $8.07M USD Point-in-time
Other payables OtherLiabilitiesCurrent $16.36M USD Point-in-time
Other payables OtherLiabilitiesCurrent $10.21M USD Point-in-time
Total current liabilities LiabilitiesCurrent $255.72M USD Point-in-time
Total current liabilities LiabilitiesCurrent $269.24M USD Point-in-time
Long-term loan from bank, non-current portion, net of unamortized debt issuance costs LongTermLoansFromBank $36.10M USD Point-in-time
Long-term loan from bank, non-current portion, net of unamortized debt issuance costs LongTermLoansFromBank $32.76M USD Point-in-time
Deferred tax liability DeferredTaxLiabilitiesGrossNoncurrent $854.00K USD Point-in-time
Capital lease liability, non-current portion CapitalLeaseObligationsNoncurrent $1.56M USD Point-in-time
Deferred liability in connection with business acquisition DeferredLongTermLiabilityCharges $3.38M USD Point-in-time
Severance liabilities DefinedBenefitPensionPlanLiabilitiesNoncurrent $7.15M USD Point-in-time
Severance liabilities DefinedBenefitPensionPlanLiabilitiesNoncurrent $6.68M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $2.08M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $2.18M USD Point-in-time
Total non-current liabilities LiabilitiesNoncurrent $47.03M USD Point-in-time
Total non-current liabilities LiabilitiesNoncurrent $45.71M USD Point-in-time
Total Liabilities Liabilities $301.44M USD Point-in-time
Total Liabilities Liabilities $316.27M USD Point-in-time
Commitments and contingencies (Note 16) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 16) 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, 2016 and June 24, 2016) 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, 2016 and June 24, 2016) PreferredStockValue - USD Point-in-time
Ordinary shares (500,000,000 shares authorized, $0.01 par value; 36,700,468 shares and 36,156,446 shares issued and outstanding as of September 30, 2016 and June 24, 2016, respectively) CommonStockValue $367.00K USD Point-in-time
Ordinary shares (500,000,000 shares authorized, $0.01 par value; 36,700,468 shares and 36,156,446 shares issued and outstanding as of September 30, 2016 and June 24, 2016, respectively) CommonStockValue $362.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $102.33M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $109.77M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $987.00K USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $591.00K USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $451.14M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $473.91M USD Point-in-time
Total Shareholders' Equity StockholdersEquity $585.03M USD Point-in-time
Total Shareholders' Equity StockholdersEquity $554.42M USD Point-in-time
Total Liabilities and Shareholders' Equity LiabilitiesAndStockholdersEquity $901.30M USD Point-in-time
Total Liabilities and Shareholders' Equity LiabilitiesAndStockholdersEquity $855.86M USD Point-in-time
Income Statement 41 line items
Line Item Tag Value Unit Period
Revenues Revenues $216.43M USD 1 Quarter
Revenues Revenues $332.04M USD 1 Quarter
Cost of revenues CostOfRevenue $292.44M USD 1 Quarter
Cost of revenues CostOfRevenue $190.42M USD 1 Quarter
Gross profit GrossProfit $26.01M USD 1 Quarter
Gross profit GrossProfit $39.61M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $11.90M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $15.83M USD 1 Quarter
Other expense related to flooding OtherNonrecurringIncomeExpense $864.00K USD 1 Quarter
Operating income OperatingIncomeLoss $23.78M USD 1 Quarter
Operating income OperatingIncomeLoss $13.25M USD 1 Quarter
Interest income InterestAndOtherIncome $442.00K USD 1 Quarter
Interest income InterestAndOtherIncome $437.00K USD 1 Quarter
Interest expense InterestExpense $1.32M USD 1 Quarter
Interest expense InterestExpense $402.00K USD 1 Quarter
Foreign exchange gain (loss), net ForeignCurrencyTransactionGainLossBeforeTax $1.66M USD 1 Quarter
Foreign exchange gain (loss), net ForeignCurrencyTransactionGainLossBeforeTax $-10.49M USD 1 Quarter
Other income OtherNonoperatingIncomeExpense $103.00K USD 1 Quarter
Other income OtherNonoperatingIncomeExpense $143.00K USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $24.69M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $2.90M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $1.29M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $1.93M USD 1 Quarter
Net income NetIncomeLoss $22.77M USD 1 Quarter
Net income NetIncomeLoss $1.60M USD 1 Quarter
Change in net unrealized (loss) gains on marketable securities OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $87.00K USD 1 Quarter
Change in net unrealized (loss) gains on marketable securities OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $-187.00K USD 1 Quarter
Change in net unrealized loss on derivative instruments OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent $-158.00K USD 1 Quarter
Change in foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $741.00K USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $87.00K USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $396.00K USD 1 Quarter
Net comprehensive income ComprehensiveIncomeNetOfTax $1.69M USD 1 Quarter
Net comprehensive income ComprehensiveIncomeNetOfTax $23.16M USD 1 Quarter
Basic EarningsPerShareBasic $0.05 USD 1 Quarter
Basic EarningsPerShareBasic $0.63 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.04 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.61 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 36.40M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 35.58M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 37.33M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 36.31M shares 1 Quarter
Cash Flow Statement 82 line items
Line Item Tag Value Unit Period
Net income for the period NetIncomeLoss $22.77M USD 1 Quarter
Net income for the period NetIncomeLoss $1.60M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $4.06M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $5.11M USD 1 Quarter
Gain on disposal of property, plant and equipment GainLossOnSaleOfPropertyPlantEquipment $26.00K USD 1 Quarter
Gain on disposal of property, plant and equipment GainLossOnSaleOfPropertyPlantEquipment $40.00K USD 1 Quarter
Loss from sales and maturities of available-for-sale securities AvailableForSaleSecuritiesGrossRealizedLosses $92.00K USD 1 Quarter
Loss from sales and maturities of available-for-sale securities AvailableForSaleSecuritiesGrossRealizedLosses $100.00K USD 1 Quarter
Amortization of investment premium AccretionAmortizationOfDiscountsAndPremiumsInvestments $-298.00K USD 1 Quarter
Amortization of investment premium AccretionAmortizationOfDiscountsAndPremiumsInvestments $-166.00K USD 1 Quarter
Amortization of deferred debt issuance costs AmortizationOfFinancingCostsAndDiscounts $171.00K USD 1 Quarter
Amortization of deferred debt issuance costs AmortizationOfFinancingCostsAndDiscounts $908.00K USD 1 Quarter
Allowance for doubtful accounts (reversal of) ValuationAllowancesAndReservesPeriodIncreaseDecrease $3.00K USD 1 Quarter
Allowance for doubtful accounts (reversal of) ValuationAllowancesAndReservesPeriodIncreaseDecrease $-4.00K USD 1 Quarter
Unrealized (gain) loss on exchange rate and fair value of derivative instruments UnrealizedGainLossOnDerivatives $1.91M USD 1 Quarter
Unrealized (gain) loss on exchange rate and fair value of derivative instruments UnrealizedGainLossOnDerivatives $-10.86M USD 1 Quarter
Share-based compensation ShareBasedCompensation $5.61M USD 1 Quarter
Share-based compensation ShareBasedCompensation $2.67M USD 1 Quarter
Deferred income tax DeferredIncomeTaxesAndTaxCredits $157.00K USD 1 Quarter
Deferred income tax DeferredIncomeTaxesAndTaxCredits $311.00K USD 1 Quarter
Other non-cash expenses OtherNoncashIncomeExpense $-453.00K USD 1 Quarter
Other non-cash expenses OtherNoncashIncomeExpense $-386.00K USD 1 Quarter
(Reversal of) inventory obsolescence InventoryWriteDownAndRecoveries $-62.00K USD 1 Quarter
(Reversal of) inventory obsolescence InventoryWriteDownAndRecoveries $150.00K USD 1 Quarter
Loss from written-off inventory due to flood loss LossFromCatastrophes $233.00K USD 1 Quarter
Trade accounts receivable IncreaseDecreaseInAccountsReceivable $4.95M USD 1 Quarter
Trade accounts receivable IncreaseDecreaseInAccountsReceivable $11.88M USD 1 Quarter
Inventory IncreaseDecreaseInInventories $21.29M USD 1 Quarter
Inventory IncreaseDecreaseInInventories $13.15M USD 1 Quarter
Other current assets and non-current assets IncreaseDecreaseInOtherOperatingAssets $668.00K USD 1 Quarter
Other current assets and non-current assets IncreaseDecreaseInOtherOperatingAssets $-3.29M USD 1 Quarter
Trade accounts payable IncreaseDecreaseInAccountsPayableTrade $3.10M USD 1 Quarter
Trade accounts payable IncreaseDecreaseInAccountsPayableTrade $3.05M USD 1 Quarter
Income tax payable IncreaseDecreaseInAccruedIncomeTaxesPayable $707.00K USD 1 Quarter
Income tax payable IncreaseDecreaseInAccruedIncomeTaxesPayable $1.03M USD 1 Quarter
Other current liabilities and non-current liabilities IncreaseDecreaseInOtherOperatingLiabilities $-8.68M USD 1 Quarter
Other current liabilities and non-current liabilities IncreaseDecreaseInOtherOperatingLiabilities $-1.11M USD 1 Quarter
Net cash (used in) provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $-1.00M USD 1 Quarter
Net cash (used in) provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $4.54M USD 1 Quarter
Purchase of marketable securities PaymentsToAcquireMarketableSecurities $32.74M USD 1 Quarter
Purchase of marketable securities PaymentsToAcquireMarketableSecurities $38.77M USD 1 Quarter
Proceeds from sales of marketable securities ProceedsFromSalesOfMarketableSecurities $16.69M USD 1 Quarter
Proceeds from sales of marketable securities ProceedsFromSalesOfMarketableSecurities $13.06M USD 1 Quarter
Proceeds from maturities of marketable securities ProceedsFromMaturitiesPrepaymentsAndCallsOfMarketableSecurities $12.53M USD 1 Quarter
Proceeds from maturities of marketable securities ProceedsFromMaturitiesPrepaymentsAndCallsOfMarketableSecurities $13.23M USD 1 Quarter
Payments in connection with business acquisition, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $9.66M USD 1 Quarter
Restricted cash in connection with business acquisition IncreaseInRestrictedCash $3.38M USD 1 Quarter
Purchase of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $27.09M USD 1 Quarter
Purchase of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $8.45M USD 1 Quarter
Purchase of intangibles PaymentsToAcquireIntangibleAssets $178.00K USD 1 Quarter
Purchase of intangibles PaymentsToAcquireIntangibleAssets $68.00K USD 1 Quarter
Deposits for land purchase IncreaseDecreaseInRestrictedCashAndInvestments $2.35M USD 1 Quarter
Proceeds from disposal of property, plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $107.00K USD 1 Quarter
Proceeds from disposal of property, plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $28.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-46.65M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-20.40M USD 1 Quarter
Payment of debt issuance costs PaymentsOfDebtIssuanceCosts $353.00K USD 1 Quarter
Proceeds from revolving loans ProceedsFromLinesOfCredit $13.50M USD 1 Quarter
Repayment of long-term loans from bank RepaymentsOfLongTermDebt $4.90M USD 1 Quarter
Repayment of long-term loans from bank RepaymentsOfLongTermDebt $1.50M USD 1 Quarter
Proceeds from issuance of ordinary shares under employee share option plans ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $1.55M USD 1 Quarter
Proceeds from issuance of ordinary shares under employee share option plans ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $2.71M USD 1 Quarter
Withholding tax related to net share settlement of restricted share units PaymentsRelatedToTaxWithholdingForShareBasedCompensation $867.00K USD 1 Quarter
Withholding tax related to net share settlement of restricted share units PaymentsRelatedToTaxWithholdingForShareBasedCompensation $878.00K USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $10.44M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-1.18M USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $-37.21M USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $-17.05M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $95.47M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $142.80M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $112.98M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $105.86M USD Point-in-time
Decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $-37.21M USD 1 Quarter
Decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $-17.05M USD 1 Quarter
Effect of exchange rate on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $267.00K USD 1 Quarter
Effect of exchange rate on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-466.00K USD 1 Quarter
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $95.47M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $142.80M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $112.98M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $105.86M USD Point-in-time
Construction and equipment-related payables CapitalExpendituresIncurredButNotYetPaid $5.12M USD 1 Quarter
Construction and equipment-related payables CapitalExpendituresIncurredButNotYetPaid $19.69M USD 1 Quarter

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

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