Multi-Fineline Electronix

Manufacturing & Industrial electronic components microelectronics

Founded in 1984, MFLEX has become one of the largest global flexible circuit manufacturers & assemblers. We operate six plants spanning over one-million square feet, and maintain a prestigious list of satisfied customers in the North American, Asian, and European continents. Our colleagues deliver exceptional value and customer service to our prominent portfolio of global, technology-driven clients.

Type

Public

Irvine, US

Founded

1984

Size (employees)

5,560 (est)

Website

mflex.com

Multi-Fineline Electronix was founded in 1984 and is headquartered in Irvine, US

Multi-Fineline Electronix Office Locations

Multi-Fineline Electronix has an office in Irvine

Irvine, US (HQ)

8659 Research Dr

Multi-Fineline Electronix Data and Metrics

Multi-Fineline Electronix Financial Metrics

Multi-Fineline Electronix's revenue was reported to be $210 m in 2015

Summary

USD

Income Statement

USD	FY, 2013	FY, 2014	Y, 2015
Revenue	787.6 m	633.2 m	210 m
Revenue growth, %		(20%)	(67%)
Cost of goods sold	788.8 m	633.3 m	179.5 m
Gross profit	(1.1 m)	(151 k)	30.5 m
Gross profit Margin, %	(0%)	(0%)	15%
Operating expense total	64.7 m	74.3 m	10.5 m
EBIT	(65.9 m)	(74.5 m)	20 m
EBIT margin, %	(8%)	(12%)	10%
Interest expense	487 k	497 k	71 k
Interest income	727 k	1 m	239 k
Pre tax profit	(64.6 m)	(72.4 m)	20.4 m
Income tax expense	(910 k)	(12.1 m)	4.4 m
Net Income	(65.5 m)	(84.5 m)	16 m

Balance Sheet

USD	FY, 2013	FY, 2014	FY, 2015
Cash	105.2 m	98.7 m	214.2 m
Inventories	86.9 m	76 m	56.5 m
Current Assets	341.5 m	331.6 m	356.5 m
PP&E	244.1 m	175.9 m	132 m
Total Assets	610.2 m	519.4 m	501.5 m
Accounts Payable	166.5 m	156.8 m	106.9 m
Current Liabilities	199 m	187.9 m	132.9 m
Additional Paid-in Capital	90.9 m	93.6 m	97.1 m
Retained Earnings	252.7 m	168.1 m	229.2 m
Total Equity	392.2 m		361.1 m
Financial Leverage	1.6 x		1.4 x

Cash Flow

USD	FY, 2013	FY, 2014	FY, 2015
Net Income	(65.5 m)	(84.5 m)	16 m
Depreciation and Amortization	58.2 m	51.4 m	14.7 m
Accounts Receivable	33.5 m	(1.6 m)	819 k
Inventories	44.2 m	10.6 m	11.7 m
Accounts Payable	(9.5 m)	(7 m)	(13 m)
Cash From Operating Activities	73.4 m	4.3 m	35 m
Purchases of PP&E	(47.3 m)	(18.5 m)	(4 m)
Cash From Investing Activities	(44.6 m)	(10.7 m)	(844 k)
Cash From Financing Activities	(4.9 m)	(80 k)	(369 k)
Interest Paid	533 k	174 k	49 k
Income Taxes Paid	4.7 m	1.6 m	291 k