MFLEX revenue was $636.6 m in FY, 2015 which is a 0.5% year over year increase from the previous period.

## Founding Date | 1984 |

MFLEX revenue breakdown by geographic segment: 47.4% from China, 51.6% from Singapore and 1.0% from Other

USD | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 |
---|---|---|---|---|---|

## Revenue | 831.6m | 818.9m | 787.6m | 633.2m | 636.6m |

| (20%) | 1% | |||

## Cost of goods sold | 726.9m | 736.2m | 788.8m | 633.3m | 556.5m |

## Gross profit | 104.7m | 82.7m | (1.1m) | (151.0k) | 80.1m |

| 13% | 10% | 0% | 0% | 13% |

## Sales and marketing expense | 25.2m | 24.5m | 22.7m | 19.0m | 14.7m |

## R&D expense | 10.5m | 7.6m | 7.8m | 5.9m | 5.1m |

## General and administrative expense | 18.8m | 19.8m | 17.1m | 15.4m | 19.8m |

## Operating expense total | 58.6m | 49.4m | 64.7m | 74.3m | 37.9m |

## Depreciation and amortization | |||||

## EBIT | 46.1m | 33.2m | (65.9m) | (74.5m) | 42.2m |

| 6% | 4% | (8%) | (12%) | 7% |

## Interest expense | 472.0k | 555.0k | 487.0k | 497.0k | 367.0k |

## Interest income | 875.0k | 1.4m | 727.0k | 1.0m | 1.7m |

## Pre tax profit | 47.0m | 35.7m | (64.6m) | (72.4m) | 48.9m |

## Income tax expense | 9.2m | 6.2m | 910.0k | 12.1m | 3.8m |

## Net Income | 37.9m | 29.5m | (65.5m) | (84.5m) | 45.1m |

USD | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 |
---|---|---|---|---|---|

## Cash | 97.9m | 82.3m | 105.2m | 98.7m | 214.2m |

## Accounts Receivable | 150.5m | 165.4m | 132.2m | 133.7m | 80.1m |

## Prepaid Expenses | 6.7m | 10.5m | |||

## Inventories | 87.2m | 124.8m | 86.9m | 76.0m | 56.5m |

## Current Assets | 353.4m | 391.7m | 341.5m | 331.6m | 356.5m |

## PP&E | 244.0m | 274.9m | 244.1m | 175.9m | 132.0m |

## Goodwill | 7.5m | 7.5m | |||

## Total Assets | 625.7m | 696.4m | 610.2m | 519.4m | 501.5m |

## Accounts Payable | 162.8m | 199.7m | 166.5m | 156.8m | 106.9m |

## Current Liabilities | 194.3m | 235.8m | 199.0m | 187.9m | 132.9m |

## Total Liabilities | 209.7m | 254.4m | 218.0m | 209.1m | 140.4m |

## Common Stock | 2.0k | 2.0k | 2.0k | 2.0k | 2.0k |

## Preferred Stock | |||||

## Additional Paid-in Capital | 87.6m | 82.8m | 90.9m | 93.6m | 97.1m |

## Retained Earnings | 288.7m | 318.2m | 252.7m | 168.1m | 229.2m |

## Total Equity | 416.1m | 442.0m | 392.2m | 310.3m | 361.1m |

## Financial Leverage | 1.5 x | 1.6 x | 1.6 x | 1.7 x | 1.4 x |

USD | Q3, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Cash | 100.0m | 75.8m | 133.0m | 127.4m | 92.7m | 129.8m | 114.1m | 111.9m | 124.6m | 117.4m | 155.4m | 142.9m | 168.5m | 205.7m |

## Accounts Receivable | 135.5m | 191.3m | 134.7m | 109.0m | 215.2m | 101.6m | 94.6m | 147.4m | 75.5m | 94.4m | 87.9m | 118.7m | 118.8m | 61.1m |

## Prepaid Expenses | 2.0m | 7.3m | 5.3m | 4.0m | 14.9m | 5.7m | 4.7m | |||||||

## Inventories | 73.3m | 76.4m | 93.5m | 87.3m | 106.1m | 55.1m | 73.6m | 80.3m | 57.8m | 43.4m | 50.4m | 58.9m | 76.6m | 51.8m |

## Current Assets | 321.4m | 365.2m | 376.1m | 336.1m | 437.3m | 303.5m | 296.0m | 360.7m | 285.6m | 275.9m | 304.6m | 332.1m | 375.6m | 323.4m |

## PP&E | 212.3m | 236.0m | 232.3m | 255.6m | 267.5m | 255.9m | 245.6m | 233.9m | 197.6m | 183.7m | 152.9m | 147.0m | 142.4m | 127.8m |

## Goodwill | 7.5m | 7.5m | 7.5m | 7.5m | 7.5m | 7.5m | ||||||||

## Total Assets | 565.5m | 628.9m | 637.4m | 625.9m | 734.6m | 589.2m | 566.8m | 619.2m | 502.4m | 479.7m | 470.3m | 492.3m | 530.7m | 464.0m |

## Accounts Payable | 116.8m | 154.4m | 152.7m | 138.0m | 221.6m | 119.1m | 110.0m | 175.0m | 111.9m | 99.6m | 98.2m | 107.7m | 134.0m | 81.2m |

## Short-term debt | 20.0m | |||||||||||||

## Current Liabilities | 142.1m | 187.5m | 182.6m | 166.6m | 263.7m | 139.7m | 137.1m | 213.6m | 149.8m | 149.6m | 122.9m | 133.9m | 166.4m | 104.9m |

## Total Debt | 20.0m | |||||||||||||

## Total Liabilities | 157.5m | 203.9m | 199.6m | 184.0m | 282.7m | 158.9m | 156.7m | 233.5m | 170.4m | 174.7m | 132.5m | 141.1m | 175.2m | 112.3m |

## Common Stock | 2.0k | 2.0k | 2.0k | 2.0k | 2.0k | 2.0k | 2.0k | 2.0k | 2.0k | 2.0k | 2.0k | 2.0k | 2.0k | 2.0k |

## Additional Paid-in Capital | 87.2m | 83.2m | 80.8m | 82.2m | 82.2m | 83.8m | 91.6m | 91.5m | 92.5m | 94.2m | 95.5m | 96.0m | 96.7m | 96.3m |

## Retained Earnings | 286.3m | 302.2m | 314.4m | 318.2m | 326.5m | 302.7m | 271.1m | 243.4m | 191.0m | 162.2m | 193.2m | 205.1m | 218.8m | 219.4m |

## Total Equity | 408.1m | 425.0m | 437.8m | 441.9m | 451.9m | 430.3m | 410.2m | 385.8m | 332.0m | 305.0m | 337.7m | 351.2m | 355.5m | 351.7m |

## Debt to Equity Ratio | 0.1 x | |||||||||||||

## Debt to Assets Ratio | 0 x | |||||||||||||

## Financial Leverage | 1.4 x | 1.5 x | 1.5 x | 1.4 x | 1.6 x | 1.4 x | 1.4 x | 1.6 x | 1.5 x | 1.6 x | 1.4 x | 1.4 x | 1.5 x | 1.3 x |

USD | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 |
---|---|---|---|---|---|

## Net Income | 37.9m | 29.5m | (65.5m) | (84.5m) | 45.1m |

## Depreciation and Amortization | 45.5m | 53.1m | 58.2m | 51.4m | 45.5m |

## Accounts Receivable | (10.3m) | (17.6m) | 33.5m | (1.6m) | 51.5m |

## Inventories | (1.6m) | (37.5m) | 44.2m | 10.6m | (2.8m) |

## Accounts Payable | (21.3m) | 31.3m | (9.5m) | (7.0m) | (29.8m) |

## Cash From Operating Activities | 60.4m | 68.3m | 73.4m | 4.3m | 92.9m |

## Purchases of PP&E | (79.8m) | (86.1m) | (47.3m) | (18.5m) | (15.2m) |

## Cash From Investing Activities | (63.4m) | (74.6m) | (44.6m) | (10.7m) | (7.6m) |

## Cash From Financing Activities | (1.9m) | (9.6m) | (4.9m) | (80.0k) | (1.7m) |

## Net Change in Cash | (2.0m) | (15.6m) | 22.8m | (6.5m) | 81.9m |

## Interest Paid | 465.0k | 528.0k | 533.0k | 174.0k | 152.0k |

## Income Taxes Paid | 10.8m | 6.3m | 4.7m | 1.6m | 16.9m |

USD | Q3, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Net Income | 35.5m | 13.5m | 25.6m | 29.5m | 8.3m | (15.5m) | (47.1m) | (9.3m) | (61.7m) | (90.5m) | 9.1m | 21.0m | 34.7m | (9.7m) |

## Depreciation and Amortization | 33.7m | 12.7m | 26.7m | 40.1m | 14.4m | 29.2m | 44.0m | 12.8m | 26.5m | 39.3m | 11.5m | 23.1m | 35.3m | 9.8m |

## Accounts Receivable | 5.0m | (42.5m) | 14.1m | 40.4m | (51.7m) | 63.2m | 69.5m | (15.0m) | 56.8m | 37.8m | 45.2m | 14.0m | 12.3m | 19.0m |

## Inventories | 5.4m | 13.1m | (4.3m) | 736.0k | 20.6m | 71.7m | 55.0m | 8.4m | 29.2m | 43.3m | 14.4m | 6.9m | (20.3m) | 5.4m |

## Accounts Payable | (45.4m) | 2.6m | 6.2m | (25.4m) | 30.2m | (56.4m) | (62.8m) | 12.2m | (49.4m) | (62.0m) | (41.2m) | (35.1m) | (6.4m) | (25.2m) |

## Cash From Operating Activities | 37.1m | 5.7m | 70.7m | 82.5m | 28.5m | 76.0m | 69.4m | 8.3m | 23.1m | (1.6m) | 20.2m | 9.8m | 40.5m | (641.0k) |

## Purchases of PP&E | (53.5m) | (20.3m) | (33.9m) | (54.6m) | (15.9m) | (26.8m) | (35.9m) | (6.6m) | (10.4m) | (14.0m) | (3.9m) | (6.3m) | (10.6m) | (6.1m) |

## Cash From Investing Activities | (38.0m) | (19.6m) | (25.4m) | (43.2m) | (15.9m) | (26.7m) | (33.6m) | (1.4m) | (3.7m) | (7.0m) | 2.8m | 1.2m | (3.1m) | (6.1m) |

## Short-term Borrowings | 20.0m | |||||||||||||

## Cash From Financing Activities | (973.0k) | (8.6m) | (9.7m) | (9.7m) | (1.9m) | (1.6m) | (3.7m) | 61.0k | 89.0k | 20.8m | (78.0k) | (408.0k) | (934.0k) | (1.9m) |

## Net Change in Cash | 133.0k | (22.1m) | 35.2m | 29.5m | 10.3m | 47.5m | 31.8m | 6.7m | 19.4m | 12.3m | 23.0m | 10.5m | 36.2m | (8.5m) |

USD | Q3, 2011 |
---|---|

## Financial Leverage | 1.4 x |