The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the condensed consolidated balance sheets that sum to the total of the same amounts shown in the condensed consolidated statements of cash flows:
As of |
||||||
(in thousands) |
December 30,
|
December 24,
|
||||
Cash and cash equivalents |
$ |
250,829 |
$ |
276,531 |
||
Restricted cash |
|
— |
|
314 |
||
Cash, cash equivalents and restricted cash |
$ |
250,829 |
$ |
276,845 |
||
FABRINET RECONCILIATION OF GAAP MEASURES TO NON-GAAP MEASURES |
||||||||||||||||||||||||
Three Months Ended |
Six Months Ended |
|||||||||||||||||||||||
December 30,
|
December 24,
|
December 30,
|
December 24,
|
|||||||||||||||||||||
(in thousands of U.S. dollars, except share data) |
Net income |
Diluted EPS |
Net income |
Diluted EPS |
Net income |
Diluted EPS |
Net income |
Diluted EPS |
||||||||||||||||
| GAAP measures | $ |
63,157 |
$ |
1.71 |
$ |
48,879 |
$ |
1.30 |
$ |
127,772 |
$ |
3.47 |
$ |
93,530 |
$ |
2.50 |
||||||||
| Items reconciling GAAP net income & EPS to non-GAAP net income & EPS: |
||||||||||||||||||||||||
| Related to cost of revenues: |
||||||||||||||||||||||||
| Share-based compensation expenses |
|
1,660 |
|
0.05 |
|
1,421 |
|
0.04 |
|
3,576 |
|
0.10 |
|
3,396 |
|
0.09 |
||||||||
| Depreciation of fair value uplift |
|
— |
|
— |
|
— |
|
— |
|
— |
|
— |
|
92 |
|
0.00 |
||||||||
| Total related to gross profit |
|
1,660 |
|
0.05 |
|
1,421 |
|
0.04 |
|
3,576 |
|
0.10 |
|
3,488 |
|
0.09 |
||||||||
| Related to selling, general and administrative expenses: |
|
|
|
|
|
|
|
|
||||||||||||||||
| Share-based compensation expenses |
|
5,115 |
|
0.14 |
|
5,265 |
|
0.14 |
|
10,922 |
|
0.29 |
|
12,582 |
|
0.33 |
||||||||
| Amortization of intangibles |
|
71 |
|
0.00 |
|
108 |
|
0.00 |
|
154 |
|
0.01 |
|
227 |
|
0.01 |
||||||||
| Severance payment and others |
|
— |
|
— |
|
355 |
|
0.01 |
|
— |
|
— |
|
355 |
|
0.01 |
||||||||
| Total related to selling, general and administrative expenses |
|
5,186 |
|
0.14 |
|
5,728 |
|
0.15 |
|
11,076 |
|
0.30 |
|
13,164 |
|
0.35 |
||||||||
| Related to other income and expense: |
|
|
|
|
|
|
|
|
||||||||||||||||
| Other expenses in relation to reduction in workforce |
|
— |
|
— |
|
135 |
|
0.01 |
|
— |
|
— |
|
135 |
|
0.01 |
||||||||
| Amortization of deferred debt issuance costs |
|
8 |
|
0.00 |
|
8 |
|
0.00 |
|
16 |
|
0.00 |
|
16 |
|
0.00 |
||||||||
| Total related to other income and expense |
|
8 |
|
0.00 |
|
143 |
|
0.01 |
|
16 |
|
0.00 |
|
151 |
|
0.01 |
||||||||
| Total related to net income & EPS |
|
6,854 |
|
0.19 |
|
7,292 |
|
0.20 |
|
14,668 |
|
0.40 |
|
16,803 |
|
0.45 |
||||||||
| Non-GAAP measures |
$ |
70,011 |
$ |
1.90 |
$ |
56,171 |
$ |
1.50 |
$ |
142,440 |
$ |
3.87 |
$ |
110,333 |
$ |
2.95 |
||||||||
| Shares used in computing diluted net income per share |
|
|
|
|
|
|
|
|
||||||||||||||||
| GAAP diluted shares |
|
|
36,939 |
|
|
37,552 |
|
|
36,848 |
|
|
37,440 |
||||||||||||
| Non-GAAP diluted shares |
|
|
36,939 |
|
|
37,552 |
|
|
36,848 |
|
|
37,440 |
||||||||||||
| FABRINET RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW |
||||||||||||||||
| (in thousands) |
Three Months Ended |
Six Months Ended |
||||||||||||||
|
|
December 30, |
December 24, |
December 30, |
December 24, |
||||||||||||
|
|
2022 |
|
|
2021 |
|
|
2022 |
|
|
2021 |
|
|||||
| Net cash provided by operating activities |
$ |
44,466 |
|
$ |
20,657 |
|
$ |
105,100 |
|
$ |
57,568 |
|
||||
| Less: Purchase of property, plant and equipment |
|
(13,385 |
) |
|
(19,395 |
) |
|
(23,643 |
) |
|
(51,917 |
) |
||||
| Non-GAAP free cash flow |
$ |
31,081 |
|
$ |
1,262 |
|
$ |
81,457 |
|
$ |
5,651 |
|
||||
| FABRINET GUIDANCE FOR QUARTER ENDING MARCH 31, 2023 RECONCILIATION OF GAAP MEASURES TO NON-GAAP MEASURES |
||
|
|
Diluted |
|
| EPS |
||
| GAAP net income per diluted share: |
$1.59 to $1.66 |
|
| Related to cost of revenues: |
|
|
| Share-based compensation expenses |
0.04 |
|
| Total related to gross profit |
0.04 |
|
| Related to selling, general and administrative expenses: |
|
|
| Share-based compensation expenses |
0.14 |
|
| Total related to selling, general and administrative expenses |
0.14 |
|
| Related to other income and expense: |
|
|
| Other expenses in relation to reduction in workforce |
0.09 |
|
| Total related to other income and expense |
0.09 |
|
| Total related to net income & EPS |
0.27 |
|
| Non-GAAP net income per diluted share |
$1.86 to $1.93 |
|
