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10-Q Filing

SUPER MICRO COMPUTER, INC. CIK: 1375365 Q1 2016
Filing Information
Form Type 10-Q
Accession Number 0001628280-15-008828
Period End Date 20150930
Filing Date 20151116
Fiscal Year 2016
Fiscal Period Q1
XBRL Instance smci-20150930.xml
Filing Contents
Balance Sheet 74 line items
Line Item Tag Value Unit Period
Accounts receivable, allowances AllowanceForDoubtfulAccountsReceivableCurrent $1.63M USD Point-in-time
Accounts receivable, allowances AllowanceForDoubtfulAccountsReceivableCurrent $1.44M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $96.87M USD Point-in-time
Accounts receivable, related party AccountsReceivableRelatedPartiesCurrent $13.19M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $95.44M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $110.89M USD Point-in-time
Accounts receivable, related party AccountsReceivableRelatedPartiesCurrent $11.97M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $117.51M USD Point-in-time
Accounts receivable, net of allowances of $1,438 and $1,628 at September 30, 2015 and June 30, 2015, respectively (including amounts receivable from a related party of $11,974 and $13,186 at September 30, 2015 and June 30, 2015, respectively) AccountsReceivableNetCurrent $297.08M USD Point-in-time
Accounts receivable, net of allowances of $1,438 and $1,628 at September 30, 2015 and June 30, 2015, respectively (including amounts receivable from a related party of $11,974 and $13,186 at September 30, 2015 and June 30, 2015, respectively) AccountsReceivableNetCurrent $322.59M USD Point-in-time
Inventory InventoryNet $461.37M USD Point-in-time
Inventory InventoryNet $463.49M USD Point-in-time
Accounts payable, related party AccountsPayableRelatedPartiesCurrent $55.89M USD Point-in-time
Accounts payable, related party AccountsPayableRelatedPartiesCurrent $59.02M USD Point-in-time
Deferred income taxes-current DeferredTaxAssetsNetCurrent $17.86M USD Point-in-time
Deferred income taxes-current DeferredTaxAssetsNetCurrent $18.71M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Prepaid income taxes PrepaidTaxes $7.51M USD Point-in-time
Prepaid income taxes PrepaidTaxes $2.39M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $7.52M USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 100.00M shares Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 100.00M shares Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $7.80M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 47.87M shares Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 48.02M shares Point-in-time
Total current assets AssetsCurrent $898.24M USD Point-in-time
Total current assets AssetsCurrent $914.41M USD Point-in-time
Treasury stock, shares (in shares) TreasuryStockShares 445,028.00 shares Point-in-time
Long-term investments LongTermInvestments $2.63M USD Point-in-time
Treasury stock, shares (in shares) TreasuryStockShares 445,028.00 shares Point-in-time
Long-term investments LongTermInvestments $2.63M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $163.04M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $169.15M USD Point-in-time
Deferred income taxes-noncurrent DeferredTaxAssetsNetNoncurrent $5.82M USD Point-in-time
Deferred income taxes-noncurrent DeferredTaxAssetsNetNoncurrent $4.50M USD Point-in-time
Other assets OtherAssetsNoncurrent $6.15M USD Point-in-time
Other assets OtherAssetsNoncurrent $5.23M USD Point-in-time
Total assets Assets $1.09B USD Point-in-time
Total assets Assets $1.08B USD Point-in-time
Accounts payable (including amounts due to a related party of $55,886 and $59,015 at September 30, 2015 and June 30, 2015, respectively) AccountsPayableCurrent $299.77M USD Point-in-time
Accounts payable (including amounts due to a related party of $55,886 and $59,015 at September 30, 2015 and June 30, 2015, respectively) AccountsPayableCurrent $263.22M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $46.74M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $50.17M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $11.04M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $14.11M USD Point-in-time
Short-term debt and current portion of long-term debt DebtCurrent $93.48M USD Point-in-time
Short-term debt and current portion of long-term debt DebtCurrent $94.57M USD Point-in-time
Total current liabilities LiabilitiesCurrent $419.01M USD Point-in-time
Total current liabilities LiabilitiesCurrent $454.11M USD Point-in-time
Long-term debt-net of current portion LongTermDebtNoncurrent $933.00K USD Point-in-time
Long-term debt-net of current portion LongTermDebtNoncurrent $233.00K USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $15.68M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $24.63M USD Point-in-time
Total liabilities Liabilities $443.87M USD Point-in-time
Total liabilities Liabilities $470.72M USD Point-in-time
Commitments and contingencies (Note 10) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 10) CommitmentsAndContingencies - USD Point-in-time
Common stock and additional paid-in capital, $0.001 par value Authorized shares: 100,000,000 Issued shares: 48,022,874 and 47,873,744 at September 30, 2015 and June 30, 2015 respectively CommonStocksIncludingAdditionalPaidInCapital $247.08M USD Point-in-time
Common stock and additional paid-in capital, $0.001 par value Authorized shares: 100,000,000 Issued shares: 48,022,874 and 47,873,744 at September 30, 2015 and June 30, 2015 respectively CommonStocksIncludingAdditionalPaidInCapital $252.43M USD Point-in-time
Treasury stock (at cost), 445,028 shares at September 30, 2015 and June 30, 2015 TreasuryStockValue $2.03M USD Point-in-time
Treasury stock (at cost), 445,028 shares at September 30, 2015 and June 30, 2015 TreasuryStockValue $2.03M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-80.00K USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-98.00K USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $387.65M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $373.95M USD Point-in-time
Total Super Micro Computer, Inc. stockholders equity StockholdersEquity $637.95M USD Point-in-time
Total Super Micro Computer, Inc. stockholders equity StockholdersEquity $618.92M USD Point-in-time
Noncontrolling interest MinorityInterest $167.00K USD Point-in-time
Noncontrolling interest MinorityInterest $164.00K USD Point-in-time
Total stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $619.09M USD Point-in-time
Total stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $638.11M USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $1.08B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $1.09B USD Point-in-time
Income Statement 38 line items
Line Item Tag Value Unit Period
Net sales, related party sales RevenueFromRelatedParties $5.22M USD 1 Quarter
Net sales (including related party sales of $5,220 and $26,578 in the three months ended September 30, 2015 and 2014, respectively) SalesRevenueNet $443.32M USD 1 Quarter
Net sales, related party sales RevenueFromRelatedParties $26.58M USD 1 Quarter
Net sales (including related party sales of $5,220 and $26,578 in the three months ended September 30, 2015 and 2014, respectively) SalesRevenueNet $519.62M USD 1 Quarter
Cost of sales, related party purchases RelatedPartyCosts $59.26M USD 1 Quarter
Cost of sales (including related party purchases of $59,261 and $54,403 in the three months ended September 30, 2015 and 2014, respectively) CostOfRevenue $447.40M USD 1 Quarter
Cost of sales (including related party purchases of $59,261 and $54,403 in the three months ended September 30, 2015 and 2014, respectively) CostOfRevenue $374.13M USD 1 Quarter
Cost of sales, related party purchases RelatedPartyCosts $54.40M USD 1 Quarter
Gross profit GrossProfit $72.22M USD 1 Quarter
Gross profit GrossProfit $69.19M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $28.33M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $21.51M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $14.25M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $11.00M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $8.20M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $5.06M USD 1 Quarter
Total operating expenses OperatingExpenses $37.57M USD 1 Quarter
Total operating expenses OperatingExpenses $50.77M USD 1 Quarter
Income from operations OperatingIncomeLoss $21.44M USD 1 Quarter
Income from operations OperatingIncomeLoss $31.63M USD 1 Quarter
Interest and other income, net NonoperatingIncomeExpense $35.00K USD 1 Quarter
Interest and other income, net NonoperatingIncomeExpense $87.00K USD 1 Quarter
Interest expense InterestExpense $196.00K USD 1 Quarter
Interest expense InterestExpense $324.00K USD 1 Quarter
Income before income tax provision IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $21.20M USD 1 Quarter
Income before income tax provision IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $31.46M USD 1 Quarter
Income tax provision IncomeTaxExpenseBenefit $10.60M USD 1 Quarter
Income tax provision IncomeTaxExpenseBenefit $7.50M USD 1 Quarter
Net income NetIncomeLoss $20.86M USD 1 Quarter
Net income NetIncomeLoss $13.70M USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.46 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.29 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.42 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.27 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 47.52M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 45.47M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 49.69M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 51.35M shares 1 Quarter
Cash Flow Statement 78 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $20.86M USD 1 Quarter
Accounts receivable, changes in related party balances IncreaseDecreaseInAccountsReceivableRelatedParties $-1.21M USD 1 Quarter
Net income NetIncomeLoss $13.70M USD 1 Quarter
Accounts receivable, changes in related party balances IncreaseDecreaseInAccountsReceivableRelatedParties $1.79M USD 1 Quarter
Accounts payable, changes in related party balances IncreaseDecreaseInAccountsPayableRelatedParties $-3.13M USD 1 Quarter
Accounts payable, changes in related party balances IncreaseDecreaseInAccountsPayableRelatedParties $-3.82M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $1.85M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $2.75M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $2.98M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $3.88M USD 1 Quarter
Excess tax benefits from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $705.00K USD 1 Quarter
Excess tax benefits from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $134.00K USD 1 Quarter
Allowance for doubtful accounts ProvisionForDoubtfulAccounts $98.00K USD 1 Quarter
Allowance for doubtful accounts ProvisionForDoubtfulAccounts $-54.00K USD 1 Quarter
Provision for inventory InventoryWriteDown $1.72M USD 1 Quarter
Provision for inventory InventoryWriteDown $1.66M USD 1 Quarter
Exchange gain ForeignCurrencyTransactionGainLossBeforeTax $235.00K USD 1 Quarter
Exchange gain ForeignCurrencyTransactionGainLossBeforeTax $2.01M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $973.00K USD 1 Quarter
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $-2.22M USD 1 Quarter
Accounts receivable, net (including changes in related party balances of $1,212 and $(1,795) during the three months ended September 30, 2015 and 2014, respectively) IncreaseDecreaseInAccountsReceivable $-25.42M USD 1 Quarter
Accounts receivable, net (including changes in related party balances of $1,212 and $(1,795) during the three months ended September 30, 2015 and 2014, respectively) IncreaseDecreaseInAccountsReceivable $-18.42M USD 1 Quarter
Inventory IncreaseDecreaseInInventories $-404.00K USD 1 Quarter
Inventory IncreaseDecreaseInInventories $27.36M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-1.55M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $1.25M USD 1 Quarter
Accounts payable (including changes in related party balances of $(3,129) and $(3,824) during the three months ended September 30, 2015 and 2014, respectively) IncreaseDecreaseInAccountsPayable $2.13M USD 1 Quarter
Accounts payable (including changes in related party balances of $(3,129) and $(3,824) during the three months ended September 30, 2015 and 2014, respectively) IncreaseDecreaseInAccountsPayable $-37.65M USD 1 Quarter
Income taxes payable, net IncreaseDecreaseInAccruedIncomeTaxesPayable $6.73M USD 1 Quarter
Income taxes payable, net IncreaseDecreaseInAccruedIncomeTaxesPayable $2.97M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $3.69M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $-1.90M USD 1 Quarter
Other long-term liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $8.95M USD 1 Quarter
Other long-term liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $158.00K USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $27.05M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $20.31M USD 1 Quarter
Restricted cash IncreaseDecreaseInRestrictedCash $-10.00K USD 1 Quarter
Restricted cash IncreaseDecreaseInRestrictedCash $3.00K USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $7.66M USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $2.77M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-2.76M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-7.67M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $951.00K USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $4.49M USD 1 Quarter
Minimum tax withholding paid on behalf of employees for restricted stock units PaymentsRelatedToTaxWithholdingForShareBasedCompensation - USD 1 Quarter
Minimum tax withholding paid on behalf of employees for restricted stock units PaymentsRelatedToTaxWithholdingForShareBasedCompensation $196.00K USD 1 Quarter
Excess tax benefits from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $134.00K USD 1 Quarter
Excess tax benefits from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $705.00K USD 1 Quarter
Proceeds from debt ProceedsFromIssuanceOfDebt $4.70M USD 1 Quarter
Proceeds from debt ProceedsFromIssuanceOfDebt - USD 1 Quarter
Repayment of debt RepaymentsOfDebt $8.50M USD 1 Quarter
Repayment of debt RepaymentsOfDebt $2.90M USD 1 Quarter
Payment of obligations under capital leases RepaymentsOfLongTermCapitalLeaseObligations $39.00K USD 1 Quarter
Payment of obligations under capital leases RepaymentsOfLongTermCapitalLeaseObligations $28.00K USD 1 Quarter
Payments under receivable financing arrangements PaymentstoAdvancesfromReceivableFinancingArrangements $4.00K USD 1 Quarter
Payments under receivable financing arrangements PaymentstoAdvancesfromReceivableFinancingArrangements $37.00K USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-3.34M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $2.61M USD 1 Quarter
Effect of exchange rate fluctuations on cash EffectOfExchangeRateOnCashAndCashEquivalents $-308.00K USD 1 Quarter
Effect of exchange rate fluctuations on cash EffectOfExchangeRateOnCashAndCashEquivalents $198.00K USD 1 Quarter
Net increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $15.45M USD 1 Quarter
Net increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $20.64M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $96.87M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $95.44M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $110.89M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $117.51M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $96.87M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $95.44M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $110.89M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $117.51M USD Point-in-time
Cash paid for interest InterestPaidNet $202.00K USD 1 Quarter
Cash paid for interest InterestPaidNet $298.00K USD 1 Quarter
Cash paid for taxes, net of refunds IncomeTaxesPaidNet $3.12M USD 1 Quarter
Cash paid for taxes, net of refunds IncomeTaxesPaidNet $5.74M USD 1 Quarter
Equipment purchased under capital leases CapitalLeaseObligationsIncurred $256.00K USD 1 Quarter
Equipment purchased under capital leases CapitalLeaseObligationsIncurred $42.00K USD 1 Quarter
Accrued costs for property, plant and equipment purchases CapitalExpendituresIncurredButNotYetPaid $2.98M USD 1 Quarter
Accrued costs for property, plant and equipment purchases CapitalExpendituresIncurredButNotYetPaid $5.74M USD 1 Quarter
Comprehensive Income 10 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $20.86M USD 1 Quarter
Net income NetIncomeLoss $13.70M USD 1 Quarter
Foreign currency translation loss OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $-18.00K USD 1 Quarter
Foreign currency translation loss OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $-3.00K USD 1 Quarter
Unrealized gains (loss) on investments OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax - USD 1 Quarter
Unrealized gains (loss) on investments OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax - USD 1 Quarter
Total other comprehensive loss OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-18.00K USD 1 Quarter
Total other comprehensive loss OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-3.00K USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $20.86M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $13.68M USD 1 Quarter

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

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