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10-Q Filing

SUPER MICRO COMPUTER, INC. CIK: 1375365 Q1 2017
Filing Information
Form Type 10-Q
Accession Number 0001628280-16-020941
Period End Date 20160930
Filing Date 20161107
Fiscal Year 2017
Fiscal Period Q1
XBRL Instance smci-20160930.xml
Filing Contents
Balance Sheet 72 line items
Line Item Tag Value Unit Period
Accounts receivable, allowances AllowanceForDoubtfulAccountsReceivableCurrent $2.84M USD Point-in-time
Accounts receivable, allowances AllowanceForDoubtfulAccountsReceivableCurrent $2.72M USD Point-in-time
Accounts receivable, related party AccountsReceivableRelatedPartiesCurrent $7.25M USD Point-in-time
Accounts receivable, related party AccountsReceivableRelatedPartiesCurrent $4.68M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $180.96M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $146.70M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $110.89M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $95.44M USD Point-in-time
Accounts receivable, net of allowances of $2,839 and $2,721 at September 30, 2016 and June 30, 2016, respectively (including amounts receivable from a related party of $7,251 and $4,678 at September 30, 2016 and June 30, 2016, respectively) AccountsReceivableNetCurrent $328.27M USD Point-in-time
Accounts receivable, net of allowances of $2,839 and $2,721 at September 30, 2016 and June 30, 2016, respectively (including amounts receivable from a related party of $7,251 and $4,678 at September 30, 2016 and June 30, 2016, respectively) AccountsReceivableNetCurrent $288.94M USD Point-in-time
Inventory InventoryNet $499.99M USD Point-in-time
Accounts payable, related party AccountsPayableRelatedPartiesCurrent $39.15M USD Point-in-time
Accounts payable, related party AccountsPayableRelatedPartiesCurrent $38.29M USD Point-in-time
Inventory InventoryNet $448.98M USD Point-in-time
Prepaid income taxes PrepaidTaxes $1.02M USD Point-in-time
Prepaid income taxes PrepaidTaxes $5.68M 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 $13.44M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $13.40M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.00 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
Total current assets AssetsCurrent $989.37M USD Point-in-time
Total current assets AssetsCurrent $938.00M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 49.31M shares Point-in-time
Long-term investments LongTermInvestments $2.64M USD Point-in-time
Long-term investments LongTermInvestments $2.64M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 49.00M shares Point-in-time
Treasury stock, shares (in shares) TreasuryStockShares 445,028.00 shares Point-in-time
Treasury stock, shares (in shares) TreasuryStockShares 1.33M shares Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $190.85M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $187.95M USD Point-in-time
Deferred income taxes-noncurrent DeferredTaxAssetsNetNoncurrent $28.46M USD Point-in-time
Deferred income taxes-noncurrent DeferredTaxAssetsNetNoncurrent $29.67M USD Point-in-time
Other assets OtherAssetsNoncurrent $8.05M USD Point-in-time
Other assets OtherAssetsNoncurrent $8.55M USD Point-in-time
Total assets Assets $1.17B USD Point-in-time
Total assets Assets $1.22B USD Point-in-time
Accounts payable (including amounts due to a related party of $38,290 and $39,152 at September 30, 2016 and June 30, 2016, respectively) AccountsPayableCurrent $249.24M USD Point-in-time
Accounts payable (including amounts due to a related party of $38,290 and $39,152 at September 30, 2016 and June 30, 2016, respectively) AccountsPayableCurrent $287.64M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $55.62M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $60.84M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $5.17M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $6.03M USD Point-in-time
Short-term debt and current portion of long-term debt, net of debt issuance costs DebtCurrent $60.98M USD Point-in-time
Short-term debt and current portion of long-term debt, net of debt issuance costs DebtCurrent $53.59M USD Point-in-time
Total current liabilities LiabilitiesCurrent $415.49M USD Point-in-time
Total current liabilities LiabilitiesCurrent $363.62M USD Point-in-time
Long-term debt, net of current portion and debt issuance costs LongTermDebtNoncurrent $40.00M USD Point-in-time
Long-term debt, net of current portion and debt issuance costs LongTermDebtNoncurrent $37.21M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $40.60M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $44.66M USD Point-in-time
Total liabilities Liabilities $497.37M USD Point-in-time
Total liabilities Liabilities $444.22M USD Point-in-time
Commitments and contingencies (Note 9) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 9) CommitmentsAndContingencies - USD Point-in-time
Common stock and additional paid-in capital, $0.001 par value Authorized shares: 100,000,000 Issued shares: 49,312,816 and 48,999,717 at September 30, 2016 and June 30, 2016 respectively CommonStocksIncludingAdditionalPaidInCapital $277.34M USD Point-in-time
Common stock and additional paid-in capital, $0.001 par value Authorized shares: 100,000,000 Issued shares: 49,312,816 and 48,999,717 at September 30, 2016 and June 30, 2016 respectively CommonStocksIncludingAdditionalPaidInCapital $284.09M USD Point-in-time
Treasury stock (at cost), 1,333,125 and 445,028 shares at September 30, 2016 and June 30, 2016, respectively TreasuryStockValue $20.49M USD Point-in-time
Treasury stock (at cost), 1,333,125 and 445,028 shares at September 30, 2016 and June 30, 2016, respectively TreasuryStockValue $2.03M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-85.00K USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-76.00K USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $445.97M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $459.50M USD Point-in-time
Total Super Micro Computer, Inc. stockholders equity StockholdersEquity $723.03M USD Point-in-time
Total Super Micro Computer, Inc. stockholders equity StockholdersEquity $721.20M USD Point-in-time
Noncontrolling interest MinorityInterest $184.00K USD Point-in-time
Noncontrolling interest MinorityInterest $189.00K USD Point-in-time
Total stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $723.22M USD Point-in-time
Total stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $721.38M USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $1.17B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $1.22B 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, related party sales RevenueFromRelatedParties $3.34M USD 1 Quarter
Net sales (including related party sales of $3,342 and $5,220 in the three months ended September 30, 2016 and 2015, respectively) SalesRevenueNet $519.62M USD 1 Quarter
Net sales (including related party sales of $3,342 and $5,220 in the three months ended September 30, 2016 and 2015, respectively) SalesRevenueNet $528.97M USD 1 Quarter
Cost of sales, related party purchases RelatedPartyTransactionPurchasesFromRelatedParty $59.26M USD 1 Quarter
Cost of sales (including related party purchases of $50,205 and $59,261 in the three months ended September 30, 2016 and 2015, respectively) CostOfRevenue $448.90M USD 1 Quarter
Cost of sales (including related party purchases of $50,205 and $59,261 in the three months ended September 30, 2016 and 2015, respectively) CostOfRevenue $447.40M USD 1 Quarter
Cost of sales, related party purchases RelatedPartyTransactionPurchasesFromRelatedParty $50.20M USD 1 Quarter
Gross profit GrossProfit $80.06M USD 1 Quarter
Gross profit GrossProfit $72.22M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $33.19M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $28.33M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $15.92M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $14.25M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $8.20M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $10.76M USD 1 Quarter
Total operating expenses OperatingExpenses $59.86M USD 1 Quarter
Total operating expenses OperatingExpenses $50.77M USD 1 Quarter
Income from operations OperatingIncomeLoss $20.20M USD 1 Quarter
Income from operations OperatingIncomeLoss $21.44M USD 1 Quarter
Interest and other income, net NonoperatingIncomeExpense $29.00K USD 1 Quarter
Interest and other income, net NonoperatingIncomeExpense $87.00K USD 1 Quarter
Interest expense InterestExpense $330.00K USD 1 Quarter
Interest expense InterestExpense $324.00K USD 1 Quarter
Income before income tax provision IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $19.90M USD 1 Quarter
Income before income tax provision IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $21.20M USD 1 Quarter
Income tax provision IncomeTaxExpenseBenefit $6.37M USD 1 Quarter
Income tax provision IncomeTaxExpenseBenefit $7.50M USD 1 Quarter
Net income NetIncomeLoss $13.53M USD 1 Quarter
Net income NetIncomeLoss $13.70M USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.29 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.28 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.26 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 48.16M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 51.35M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 51.12M shares 1 Quarter
Cash Flow Statement 80 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $13.53M 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 $2.57M USD 1 Quarter
Accounts payable, changes in related party balances IncreaseDecreaseInAccountsPayableRelatedParties $-862.00K USD 1 Quarter
Accounts payable, changes in related party balances IncreaseDecreaseInAccountsPayableRelatedParties $-3.13M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $3.80M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $2.75M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $4.50M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $3.88M USD 1 Quarter
Excess tax benefits from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $134.00K USD 1 Quarter
Excess tax benefits from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $302.00K USD 1 Quarter
Allowance for doubtful accounts ProvisionForDoubtfulAccounts $98.00K USD 1 Quarter
Allowance for doubtful accounts ProvisionForDoubtfulAccounts $73.00K USD 1 Quarter
Provision for inventory InventoryWriteDown $1.72M USD 1 Quarter
Provision for inventory InventoryWriteDown $3.89M USD 1 Quarter
Exchange loss (gain) ForeignCurrencyTransactionGainLossBeforeTax $-698.00K USD 1 Quarter
Exchange loss (gain) ForeignCurrencyTransactionGainLossBeforeTax $2.01M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $-2.22M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $-1.18M USD 1 Quarter
Accounts receivable, net (including changes in related party balances of $(2,573) and $1,212 during the three months ended September 30, 2016 and 2015, respectively) IncreaseDecreaseInAccountsReceivable $39.40M USD 1 Quarter
Accounts receivable, net (including changes in related party balances of $(2,573) and $1,212 during the three months ended September 30, 2016 and 2015, respectively) IncreaseDecreaseInAccountsReceivable $-25.42M USD 1 Quarter
Inventory IncreaseDecreaseInInventories $-404.00K USD 1 Quarter
Inventory IncreaseDecreaseInInventories $54.90M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-465.00K USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $1.25M USD 1 Quarter
Accounts payable (including changes in related party balances of $(862) and $(3,129) during the three months ended September 30, 2016 and 2015, respectively) IncreaseDecreaseInAccountsPayable $-37.65M USD 1 Quarter
Accounts payable (including changes in related party balances of $(862) and $(3,129) during the three months ended September 30, 2016 and 2015, respectively) IncreaseDecreaseInAccountsPayable $43.36M USD 1 Quarter
Income taxes payable, net IncreaseDecreaseInAccruedIncomeTaxesPayable $2.97M USD 1 Quarter
Income taxes payable, net IncreaseDecreaseInAccruedIncomeTaxesPayable $5.31M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $3.69M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $4.99M USD 1 Quarter
Other long-term liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $4.11M USD 1 Quarter
Other long-term liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $8.95M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $20.31M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $-11.04M USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $7.66M USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $11.65M USD 1 Quarter
Change in restricted cash IncreaseDecreaseInRestrictedCash $3.00K USD 1 Quarter
Change in restricted cash IncreaseDecreaseInRestrictedCash $-116.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-7.67M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-11.53M USD 1 Quarter
Proceeds from debt, net of debt issuance costs ProceedsFromIssuanceOfDebt $73.92M USD 1 Quarter
Proceeds from debt, net of debt issuance costs ProceedsFromIssuanceOfDebt $4.70M USD 1 Quarter
Repayment of debt RepaymentsOfDebt $2.90M USD 1 Quarter
Repayment of debt RepaymentsOfDebt $70.03M USD 1 Quarter
Payment to acquire treasury stock PaymentsForRepurchaseOfCommonStock - USD 1 Quarter
Payment to acquire treasury stock PaymentsForRepurchaseOfCommonStock $18.46M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $2.94M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $951.00K USD 1 Quarter
Excess tax benefits from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $302.00K USD 1 Quarter
Excess tax benefits from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $134.00K USD 1 Quarter
Minimum tax withholding paid on behalf of employees for restricted stock units PaymentsRelatedToTaxWithholdingForShareBasedCompensation $196.00K USD 1 Quarter
Minimum tax withholding paid on behalf of employees for restricted stock units PaymentsRelatedToTaxWithholdingForShareBasedCompensation $660.00K USD 1 Quarter
Payment of obligations under capital leases RepaymentsOfLongTermCapitalLeaseObligations $56.00K USD 1 Quarter
Payment of obligations under capital leases RepaymentsOfLongTermCapitalLeaseObligations $39.00K USD 1 Quarter
Advances (payments) under receivable financing arrangements ProceedsfromPaymentsToReceivableFinancingArrangements $37.00K USD 1 Quarter
Advances (payments) under receivable financing arrangements ProceedsfromPaymentsToReceivableFinancingArrangements $-19.00K USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-12.03M 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 $339.00K USD 1 Quarter
Effect of exchange rate fluctuations on cash EffectOfExchangeRateOnCashAndCashEquivalents $198.00K USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $15.45M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-34.27M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $180.96M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $146.70M 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 $95.44M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $180.96M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $146.70M 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 $95.44M USD Point-in-time
Cash paid for interest InterestPaidNet $316.00K USD 1 Quarter
Cash paid for interest InterestPaidNet $298.00K USD 1 Quarter
Cash paid for taxes, net of refunds IncomeTaxesPaidNet $1.21M USD 1 Quarter
Cash paid for taxes, net of refunds IncomeTaxesPaidNet $5.74M USD 1 Quarter
Equipment purchased under capital leases CapitalLeaseObligationsIncurred $42.00K USD 1 Quarter
Equipment purchased under capital leases CapitalLeaseObligationsIncurred - USD 1 Quarter
Accrued costs for property, plant and equipment purchases CapitalExpendituresIncurredButNotYetPaid $4.07M 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 $13.53M USD 1 Quarter
Net income NetIncomeLoss $13.70M USD 1 Quarter
Foreign currency translation gains (losses) OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $-18.00K USD 1 Quarter
Foreign currency translation gains (losses) OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $9.00K USD 1 Quarter
Unrealized gains (losses) on investments OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax - USD 1 Quarter
Unrealized gains (losses) on investments OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax - USD 1 Quarter
Total other comprehensive gains (losses) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $9.00K USD 1 Quarter
Total other comprehensive gains (losses) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-18.00K USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $13.68M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $13.54M USD 1 Quarter

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

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