SMCI FY 2020 Earnings Report — Super Micro Computer, Inc. Revenue & Financial Results | Market Cap Arena

Super Micro Computer, Inc.SMCI

FY 2020 Earnings

Reported August 28, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$3.3B	—	$3.5B	—	-4.6%
Op. Income	$86M	—	$97M	—	-11.9%
Gross Margin	15.8%	—	14.2%	—	1.6pp
Net Margin	2.5%	—	2.1%	—	0.5pp
EPS (Diluted)	$0.16	—	$0.14	—	14.3%
Free Cash Flow	-$75M	—	$238M	—	-131.4%

Revenue Flow

Item	Amount
REVENUE	$3.3B
Cost of Revenue	$2.8B
GROSS PROFIT	$526M
R&D Expenses	$221M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$219M
Other Expenses	$0
Operating Expenses	$441M
Cost & Expenses	$3.3B
OPERATING INCOME	$86M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	$2M
INCOME BEFORE TAX	$87M
Income Tax Expense	$3M
Net Income from Continuing Ops	$84M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$84M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$84M
D&A	$28M
EBIT	$87M
EBITDA	$116M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$3.3B
Cost of Revenue	$2.8B
GROSS PROFIT	$526M
R&D Expenses	$221M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$219M
Other Expenses	$0
Operating Expenses	$441M
Cost & Expenses	$3.3B
OPERATING INCOME	$86M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	$2M
INCOME BEFORE TAX	$87M
Income Tax Expense	$3M
Net Income from Continuing Ops	$84M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$84M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$84M
D&A	$28M
EBIT	$87M
EBITDA	$116M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$84M
Depreciation & Amortization	$28M
Stock-Based Compensation	$20M
Deferred Income Tax	-$14M
Other Non-Cash Items	$15M
Change in Working Capital	-$165M
OPERATING CASH FLOW	-$30M
Capital Expenditure	-$44M
Acquisitions (Net)	$750.0K
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$44M
Net Debt Issuance	$4M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$19M
NET CASH FROM FINANCING	$24M
FREE CASH FLOW	-$75M
Net Change in Cash	-$50M

Balance Sheet

Item	Amount
Cash & Equivalents	$211M
Short-Term Investments	$0
Net Receivables	$500M
Inventory	$851M
Other Current Assets	$9M
TOTAL CURRENT ASSETS	$1.6B
PP&E (Net)	$258M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$4M
Tax Assets	$55M
Other Non-Current Assets	$9M
TOTAL NON-CURRENT ASSETS	$326M
TOTAL ASSETS	$1.9B
Account Payables	$418M
Short-Term Debt	$24M
Deferred Revenue	$152M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$708M
Long-Term Debt	$6M
Deferred Revenue NC	$98M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$24M
TOTAL NON-CURRENT LIABILITIES	$145M
TOTAL LIABILITIES	$853M
Common Stock	$390M
Additional Paid-In Capital	$0
Retained Earnings	$696M
Treasury Stock	-$20M
Accum. Other Comp. Income	-$152.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$167.0K
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$1.9B
Total Debt	$54M
Net Debt	-$157M