MFLEX Revenue

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

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Summary - Funding Rounds

Founding Date

1984

MFLEX Revenue Breakdown

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

MFLEX Income Statement

Annual

USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015

Revenue

831.6m818.9m787.6m633.2m636.6m

Revenue growth, %

(20%)1%

Cost of goods sold

726.9m736.2m788.8m633.3m556.5m

Gross profit

104.7m82.7m(1.1m)(151.0k)80.1m

Gross profit Margin, %

13%10%0%0%13%

Sales and marketing expense

25.2m24.5m22.7m19.0m14.7m

R&D expense

10.5m7.6m7.8m5.9m5.1m

General and administrative expense

18.8m19.8m17.1m15.4m19.8m

Operating expense total

58.6m49.4m64.7m74.3m37.9m

Depreciation and amortization

EBIT

46.1m33.2m(65.9m)(74.5m)42.2m

EBIT margin, %

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

Interest expense

472.0k555.0k487.0k497.0k367.0k

Interest income

875.0k1.4m727.0k1.0m1.7m

Pre tax profit

47.0m35.7m(64.6m)(72.4m)48.9m

Income tax expense

9.2m6.2m910.0k12.1m3.8m

Net Income

37.9m29.5m(65.5m)(84.5m)45.1m

MFLEX Balance Sheet

Annual

USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015

Cash

97.9m82.3m105.2m98.7m214.2m

Accounts Receivable

150.5m165.4m132.2m133.7m80.1m

Prepaid Expenses

6.7m10.5m

Inventories

87.2m124.8m86.9m76.0m56.5m

Current Assets

353.4m391.7m341.5m331.6m356.5m

PP&E

244.0m274.9m244.1m175.9m132.0m

Goodwill

7.5m7.5m

Total Assets

625.7m696.4m610.2m519.4m501.5m

Accounts Payable

162.8m199.7m166.5m156.8m106.9m

Current Liabilities

194.3m235.8m199.0m187.9m132.9m

Total Liabilities

209.7m254.4m218.0m209.1m140.4m

Common Stock

2.0k2.0k2.0k2.0k2.0k

Preferred Stock

Additional Paid-in Capital

87.6m82.8m90.9m93.6m97.1m

Retained Earnings

288.7m318.2m252.7m168.1m229.2m

Total Equity

416.1m442.0m392.2m310.3m361.1m

Financial Leverage

1.5 x1.6 x1.6 x1.7 x1.4 x

Quarterly

USDQ3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016

Cash

100.0m75.8m133.0m127.4m92.7m129.8m114.1m111.9m124.6m117.4m155.4m142.9m168.5m205.7m

Accounts Receivable

135.5m191.3m134.7m109.0m215.2m101.6m94.6m147.4m75.5m94.4m87.9m118.7m118.8m61.1m

Prepaid Expenses

2.0m7.3m5.3m4.0m14.9m5.7m4.7m

Inventories

73.3m76.4m93.5m87.3m106.1m55.1m73.6m80.3m57.8m43.4m50.4m58.9m76.6m51.8m

Current Assets

321.4m365.2m376.1m336.1m437.3m303.5m296.0m360.7m285.6m275.9m304.6m332.1m375.6m323.4m

PP&E

212.3m236.0m232.3m255.6m267.5m255.9m245.6m233.9m197.6m183.7m152.9m147.0m142.4m127.8m

Goodwill

7.5m7.5m7.5m7.5m7.5m7.5m

Total Assets

565.5m628.9m637.4m625.9m734.6m589.2m566.8m619.2m502.4m479.7m470.3m492.3m530.7m464.0m

Accounts Payable

116.8m154.4m152.7m138.0m221.6m119.1m110.0m175.0m111.9m99.6m98.2m107.7m134.0m81.2m

Short-term debt

20.0m

Current Liabilities

142.1m187.5m182.6m166.6m263.7m139.7m137.1m213.6m149.8m149.6m122.9m133.9m166.4m104.9m

Total Debt

20.0m

Total Liabilities

157.5m203.9m199.6m184.0m282.7m158.9m156.7m233.5m170.4m174.7m132.5m141.1m175.2m112.3m

Common Stock

2.0k2.0k2.0k2.0k2.0k2.0k2.0k2.0k2.0k2.0k2.0k2.0k2.0k2.0k

Additional Paid-in Capital

87.2m83.2m80.8m82.2m82.2m83.8m91.6m91.5m92.5m94.2m95.5m96.0m96.7m96.3m

Retained Earnings

286.3m302.2m314.4m318.2m326.5m302.7m271.1m243.4m191.0m162.2m193.2m205.1m218.8m219.4m

Total Equity

408.1m425.0m437.8m441.9m451.9m430.3m410.2m385.8m332.0m305.0m337.7m351.2m355.5m351.7m

Debt to Equity Ratio

0.1 x

Debt to Assets Ratio

0 x

Financial Leverage

1.4 x1.5 x1.5 x1.4 x1.6 x1.4 x1.4 x1.6 x1.5 x1.6 x1.4 x1.4 x1.5 x1.3 x

MFLEX Cash Flow

Annual

USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015

Net Income

37.9m29.5m(65.5m)(84.5m)45.1m

Depreciation and Amortization

45.5m53.1m58.2m51.4m45.5m

Accounts Receivable

(10.3m)(17.6m)33.5m(1.6m)51.5m

Inventories

(1.6m)(37.5m)44.2m10.6m(2.8m)

Accounts Payable

(21.3m)31.3m(9.5m)(7.0m)(29.8m)

Cash From Operating Activities

60.4m68.3m73.4m4.3m92.9m

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

465.0k528.0k533.0k174.0k152.0k

Income Taxes Paid

10.8m6.3m4.7m1.6m16.9m

Quarterly

USDQ3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016

Net Income

35.5m13.5m25.6m29.5m8.3m(15.5m)(47.1m)(9.3m)(61.7m)(90.5m)9.1m21.0m34.7m(9.7m)

Depreciation and Amortization

33.7m12.7m26.7m40.1m14.4m29.2m44.0m12.8m26.5m39.3m11.5m23.1m35.3m9.8m

Accounts Receivable

5.0m(42.5m)14.1m40.4m(51.7m)63.2m69.5m(15.0m)56.8m37.8m45.2m14.0m12.3m19.0m

Inventories

5.4m13.1m(4.3m)736.0k20.6m71.7m55.0m8.4m29.2m43.3m14.4m6.9m(20.3m)5.4m

Accounts Payable

(45.4m)2.6m6.2m(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

37.1m5.7m70.7m82.5m28.5m76.0m69.4m8.3m23.1m(1.6m)20.2m9.8m40.5m(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)2.8m1.2m(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)61.0k89.0k20.8m(78.0k)(408.0k)(934.0k)(1.9m)

Net Change in Cash

133.0k(22.1m)35.2m29.5m10.3m47.5m31.8m6.7m19.4m12.3m23.0m10.5m36.2m(8.5m)

MFLEX Ratios

USDQ3, 2011

Financial Leverage

1.4 x

MFLEX Operating Metrics

FY, 2013FY, 2014FY, 2015

Backlog

$161.7 m$483 m$142.4 m

MFLEX Employee Rating

2.97 votes
Culture & Values
2.7
Work/Life Balance
3.2
Senior Management
2.3
Salary & Benefits
2.7
Career Opportunities
2.6
Source