Balance Sheet Super Micro Computer, Inc.

Equities

SMCI

US86800U1043

Computer Hardware

Market Closed - Nasdaq Other stock markets 21:00:00 06/09/2024 BST			5-day change	1st Jan Change
386.46 ^USD	-6.79%		-11.71%	+35.95%

09-06	Sector Update: Tech Stocks Tumble in Late Afternoon	MT
09-06	Sector Update: Tech Stocks Slide Friday Afternoon	MT

9a8.olOlb9jhkz_68hOcy_hJzKTVfqf3oPePDK8w63NNHn8.lWH1K7Cj0m6_vHnFuJ05icW9D9260rTtZp18mycpVAeREcIK4JP4XaqxRg

Published financial data: SUPER MICRO COMPUTER, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2019	2020	2021	2022	2023
Revenues	3.5B	3.34B	3.56B	5.2B	7.12B
Total Revenues	3.5B	3.34B	3.56B	5.2B	7.12B
Cost of Goods Sold, Total	3B	2.81B	3.02B	4.4B	5.84B
Gross Profit	496M	526M	535M	800M	1.28B
Selling General & Admin Expenses, Total	218M	202M	186M	193M	215M
R&D Expenses	180M	221M	224M	272M	307M
Other Operating Expenses	-	-	-	-	-
Other Operating Expenses, Total	398M	423M	411M	465M	522M
Operating Income	97.23M	103M	124M	335M	761M
Interest Expense, Total	-6.69M	-2.24M	-2.48M	-6.41M	-10.49M
Interest And Investment Income	1.14M	2.81M	366K	-	-
Net Interest Expenses	-5.55M	574K	-2.12M	-6.41M	-10.49M
Income (Loss) On Equity Invest.	-2.72M	2.4M	173K	1.21M	-3.63M
Currency Exchange Gains (Loss)	500K	-1.4M	-3.2M	-	-
Other Non Operating Income (Expenses)	-	-	-	8.08M	3.65M
EBT, Excl. Unusual Items	89.46M	105M	119M	338M	751M
Gain (Loss) On Sale Of Investments	-2.66M	-	-	-	-
Legal Settlements	-	-17.5M	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	86.8M	87.23M	119M	338M	751M
Income Tax Expense	14.88M	2.92M	6.94M	52.88M	111M
Earnings From Continuing Operations	71.92M	84.31M	112M	285M	640M
Net Income to Company	71.92M	84.31M	112M	285M	640M
Net Income - (IS)	71.92M	84.31M	112M	285M	640M
Preferred Dividend and Other Adjustments	-	-	-	-	-
Net Income to Common Incl Extra Items	71.92M	84.31M	112M	285M	640M
Net Income to Common Excl. Extra Items	71.92M	84.31M	112M	285M	640M
Per Share Items
Net EPS - Basic	1.44	1.65	2.19	5.54	12.09
Basic EPS - Continuing Operations	1.44	1.65	2.19	5.54	12.09
Basic Weighted Average Shares Outstanding	49.92M	50.99M	51.16M	51.48M	52.92M
Net EPS - Diluted	1.39	1.6	2.09	5.32	11.43
Diluted EPS - Continuing Operations	1.39	1.6	2.09	5.32	11.43
Diluted Weighted Average Shares Outstanding	51.72M	52.84M	53.51M	53.62M	55.97M
Normalized Basic EPS	1.12	1.28	1.45	4.1	8.86
Normalized Diluted EPS	1.08	1.24	1.39	3.94	8.38
Supplemental Items
EBITDA	121M	132M	152M	368M	796M
EBITA	97.23M	103M	124M	335M	761M
EBIT	97.23M	103M	124M	335M	761M
EBITDAR	128M	139M	160M	376M	804M
Effective Tax Rate - (Ratio)	17.15	3.35	5.84	15.64	14.74
Current Domestic Taxes	15.22M	6.3M	4.48M	39.04M	172M
Current Foreign Taxes	16.53M	10.4M	10.84M	20.5M	31.06M
Total Current Taxes	31.76M	16.69M	15.33M	59.53M	203M
Deferred Domestic Taxes	-15.97M	-11.73M	-5.9M	-4.29M	-90.61M
Deferred Foreign Taxes	-906K	-2.04M	-2.49M	-2.37M	-2.1M
Total Deferred Taxes	-16.87M	-13.77M	-8.39M	-6.66M	-92.71M
Normalized Net Income	55.91M	65.46M	74.25M	211M	469M
Interest on Long-Term Debt	-	2.24M	2.48M	6.41M	10.49M
Non-Cash Pension Expense	-	-	1M	400K	-100K
Supplemental Operating Expense Items
Advertising Expense	2.4M	3M	4.1M	100K	2M
Marketing Expenses	-	-	-	-	-
Selling and Marketing Expenses	77.15M	85.14M	85.68M	90.13M	115M
General and Administrative Expenses	141M	116M	101M	102M	99.58M
Research And Development Expense From Footnotes	183M	233M	235M	272M	307M
Net Rental Expense, Total	6.7M	6.99M	7.83M	8.26M	8.3M
Imputed Operating Lease Interest Expense	5.13M	3.23M	1.8M	1.15M	1.54M
Imputed Operating Lease Depreciation	1.57M	3.76M	6.03M	7.12M	6.76M
Stock-Based Comp., COGS (Total)	1.66M	1.5M	1.76M	1.88M	4.57M
Stock-Based Comp., R&D Exp. (Total)	12.98M	12.2M	14.03M	16.57M	30.74M
Stock-Based Comp., S&M Exp. (Total)	1.8M	1.68M	2.02M	2.06M	4.6M
Stock-Based Comp., G&A Exp. (Total)	4.74M	4.8M	10.74M	12.31M	14.52M
Total Stock-Based Compensation	21.18M	20.19M	28.55M	32.82M	54.43M

Fiscal Period: June	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	248M	211M	232M	267M	440M
Short Term Investments	-	-	-	-	100K
Total Cash And Short Term Investments	248M	211M	232M	267M	441M
Accounts Receivable, Total	394M	404M	464M	835M	1.15B
Other Receivables	83.05M	94.86M	99.92M	138M	27.73M
Total Receivables	477M	499M	564M	973M	1.18B
Inventory	670M	851M	1.04B	1.55B	1.45B
Prepaid Expenses	7.27M	7.08M	6.72M	5.63M	117M
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	11.67M	250K	251K	251K	-
Other Current Assets, Total	7.8M	24.8M	23.3M	14.86M	-
Total Current Assets	1.42B	1.59B	1.87B	2.81B	3.18B
Gross Property Plant And Equipment	316M	384M	441M	477M	480M
Accumulated Depreciation	-109M	-127M	-146M	-168M	-189M
Net Property Plant And Equipment	207M	258M	295M	310M	290M
Long-term Investments	4.15M	4.4M	6.13M	6.92M	-
Goodwill	-	-	-	-	1.8M
Deferred Tax Assets Long-Term	41.13M	54.9M	63.29M	69.93M	163M
Deferred Charges Long-Term	3.57M	4.63M	5.42M	6.32M	-
Other Long-Term Assets, Total	4.64M	4.38M	5.1M	5.95M	40.61M
Total Assets	1.68B	1.92B	2.24B	3.21B	3.67B
Liabilities
Accounts Payable, Total	360M	418M	612M	655M	777M
Accrued Expenses, Total	69.58M	74.8M	84.6M	106M	156M
Short-term Borrowings	23.65M	23.7M	63.49M	449M	170M
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	-	6.31M	6.32M	7.14M	7.76M
Current Income Taxes Payable	13.02M	4.7M	12.74M	41.74M	129M
Unearned Revenue Current, Total	94.15M	106M	101M	111M	135M
Other Current Liabilities	45.1M	74.29M	87.92M	98.87M	-
Total Current Liabilities	606M	708M	969M	1.47B	1.37B
Long-Term Debt	-	5.7M	34.7M	148M	120M
Long-Term Leases	-	18.1M	14.54M	16.66M	11.4M
Unearned Revenue Non Current	109M	97.61M	101M	123M	170M
Other Non Current Liabilities	26.18M	23.89M	26.59M	22.48M	26.54M
Total Liabilities	741M	853M	1.15B	1.78B	1.7B
Common Stock, Total	350M	390M	438M	482M	538M
Retained Earnings	612M	696M	658M	943M	1.43B
Treasury Stock	-20.49M	-20.49M	-	-	-
Comprehensive Income and Other	-80K	-152K	453K	911K	639K
Total Common Equity	941M	1.07B	1.1B	1.43B	1.97B
Minority Interest	161K	167K	173K	172K	165K
Total Equity	941M	1.07B	1.1B	1.43B	1.97B
Total Liabilities And Equity	1.68B	1.92B	2.24B	3.21B	3.67B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	50.09M	52.44M	50.59M	52.35M	52.91M
ECS Total Common Shares Outstanding	49.96M	52.41M	50.58M	52.31M	52.9M
Book Value / Share	18.84	20.33	21.67	27.25	37.28
Tangible Book Value	941M	1.07B	1.1B	1.43B	1.97B
Tangible Book Value Per Share	18.84	20.33	21.67	27.25	37.24
Total Debt	23.65M	53.81M	119M	621M	309M
Net Debt	-225M	-157M	-113M	353M	-131M
Debt Equivalent Oper. Leases	53.6M	55.94M	62.62M	66.12M	66.39M
Minority Interest, Total (Incl. Fin. Div)	161K	167K	173K	172K	165K
Equity Method Investments, Total	1.7M	2.7M	4.58M	5.33M	-
Account Code - Inventory Valuation	6	6	6	3	6
Inventories - Raw Materials, Total	134M	157M	199M	310M	329M
Inventories - Work In Process, Total	43.6M	38.15M	80.47M	210M	71.87M
Inventories - Finished Goods, Total	492M	657M	762M	1.03B	1.05B
Land - (BS)	74.93M	75.25M	76.42M	84.62M	86.64M
Buildings, Total	108M	111M	114M	189M	203M
Machinery, Total	100M	107M	121M	157M	166M
Full Time Employees	3.67K	3.99K	4.16K	4.61K	5.13K
Accumulated Allowance for Doubtful Accounts (Supple)	8.91M	4.59M	2.59M	1.75M	82K

Fiscal Period: June	2019	2020	2021	2022	2023
Net Income	71.92M	84.31M	112M	285M	640M
Depreciation & Amortization - CF	24.2M	28.47M	28.18M	32.47M	34.9M
Depreciation & Amortization, Total	24.2M	28.47M	28.18M	32.47M	34.9M
(Gain) Loss on Sale of Investments - (CF)	2.66M	-	-	-	-
(Income) Loss On Equity Investments - (CF)	2.72M	-2.4M	-173K	-1.21M	3.63M
Stock-Based Compensation (CF)	21.18M	20.19M	28.55M	32.82M	54.43M
Tax Benefit from Stock Options	-	-	-	-	-
Provision and Write-off of Bad Debts	7.06M	-3.08M	-820K	-840K	-
Other Operating Activities, Total	16.27M	6.97M	-147K	-5.11M	-96.26M
Change In Accounts Receivable	85.03M	-7.02M	-59.32M	-372M	-312M
Change In Inventories	119M	-200M	-196M	-520M	100M
Change In Accounts Payable	-173M	59.89M	189M	50.14M	127M
Change in Unearned Revenues	59.8M	350K	-1.45M	31.54M	70.59M
Change In Income Taxes	5.83M	-8.32M	8.04M	29M	87.42M
Change in Other Net Operating Assets	19.98M	-10M	15.19M	-3.46M	-46.42M
Cash from Operations	263M	-30.33M	123M	-441M	664M
Capital Expenditure	-24.85M	-44.34M	-58.02M	-45.18M	-36.79M
Cash Acquisitions	-	-	-	-	-2.19M
Investment in Marketable and Equity Securities, Total	-	750K	-	-1.1M	-500K
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-24.85M	-43.59M	-58.02M	-46.28M	-39.49M
Short Term Debt Issued, Total	41.76M	-	-	-	-
Long-Term Debt Issued, Total	-	165M	127M	1.15B	1.09B
Total Debt Issued	41.76M	165M	127M	1.15B	1.09B
Short Term Debt Repaid, Total	-134M	-1.12M	-	-	-
Long-Term Debt Repaid, Total	-267K	-159M	-60.63M	-641M	-1.39B
Total Debt Repaid	-134M	-160M	-60.63M	-641M	-1.39B
Issuance of Common Stock	-	28.34M	28.39M	20.99M	30.47M
Repurchase of Common Stock	-3.05M	-8.24M	-139M	-10.08M	-178M
Other Financing Activities, Total	-625K	-650K	-561K	-592K	-
Cash from Financing	-95.83M	23.8M	-44.44M	523M	-448M
Foreign Exchange Rate Adjustments	-119K	376K	560K	-678K	-3.4M
Net Change in Cash	142M	-49.75M	21.06M	35.11M	172M
Supplemental Items
Cash Interest Paid	3.86M	2.17M	1.95M	5.49M	8.54M
Cash Income Tax Paid (Refund)	23.6M	43.32M	2.91M	19.69M	115M
Levered Free Cash Flow	206M	-45.93M	43.33M	-564M	497M
Unlevered Free Cash Flow	210M	-44.53M	44.88M	-560M	504M
Change In Net Working Capital	-129M	113M	31.3M	789M	24.35M
Net Debt Issued / Repaid	-92.15M	4.35M	66.46M	513M	-301M

Fiscal Period: June	2015	2019	2020	2021	2022	2023
Profitability
Return on Assets		3.52	3.58	3.72	7.69	13.83
Return on Total Capital		6.31	6.19	6.64	12.84	22.1
Return On Equity %		8.06	8.4	10.35	22.61	37.67
Return on Common Equity		8.06	8.4	10.35	22.62	37.67
Margin Analysis
Gross Profit Margin %		14.16	15.76	15.03	15.4	18.01
SG&A Margin		6.24	6.04	5.23	3.71	3.01
EBITDA Margin %		3.47	3.94	4.28	7.08	11.17
EBITA Margin %		2.78	3.09	3.48	6.45	10.68
EBIT Margin %		2.78	3.09	3.48	6.45	10.68
Income From Continuing Operations Margin %		2.05	2.52	3.14	5.49	8.98
Net Income Margin %		2.05	2.52	3.14	5.49	8.98
Net Avail. For Common Margin %		2.05	2.52	3.14	5.49	8.98
Normalized Net Income Margin		1.6	1.96	2.09	4.07	6.59
Levered Free Cash Flow Margin		5.88	-1.38	1.22	-10.85	6.98
Unlevered Free Cash Flow Margin		6	-1.33	1.26	-10.77	7.07
Asset Turnover
Asset Turnover		2.03	1.85	1.71	1.91	2.07
Fixed Assets Turnover		17.33	14.37	12.88	17.19	24.73
Receivables Turnover (Average Receivables)	<