10-Q Filing

SANMINA CORP CIK: 897723 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0000897723-11-000011`
Period End Date	20110331
Filing Date	20110426
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	sanm-20110402.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 41 Income Statement 88 Cash Flow Statement 66

Balance Sheet 41 line items

Line Item	Tag	Value	Unit	Period
Accounts Receivable Allowances	`AllowanceForDoubtfulAccountsProductReturnsAndOtherNetSalesAdjustments`	$16.41M	USD	Point-in-time
Accounts Receivable Allowances	`AllowanceForDoubtfulAccountsProductReturnsAndOtherNetSalesAdjustments`	$16.75M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$672.96M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$654.75M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$592.81M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$592.81M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$899.15M	USD	Point-in-time
Accounts receivable, net of allowances of $16,410 and $16,752, respectively	`AccountsReceivableNetCurrent`	$1.02B	USD	Point-in-time
Accounts receivable, net of allowances of $16,410 and $16,752, respectively	`AccountsReceivableNetCurrent`	$965.22M	USD	Point-in-time
Inventories	`InventoryNet`	$820.12M	USD	Point-in-time
Inventories	`InventoryNet`	$844.35M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpensesAndOtherCurrentAssets`	$135.94M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpensesAndOtherCurrentAssets`	$134.24M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.58B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.59B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$561.25M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$570.26M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$141.53M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$125.48M	USD	Point-in-time
Total assets	`Assets`	$3.26B	USD	Point-in-time
Total assets	`Assets`	$3.30B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$923.04M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$854.36M	USD	Point-in-time
Accrued liabilities	`OtherLiabilitiesCurrent`	$125.26M	USD	Point-in-time
Accrued liabilities	`OtherLiabilitiesCurrent`	$140.37M	USD	Point-in-time
Accrued payroll and related benefits	`EmployeeRelatedLiabilitiesCurrent`	$108.42M	USD	Point-in-time
Accrued payroll and related benefits	`EmployeeRelatedLiabilitiesCurrent`	$122.93M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$65.00M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$61.90M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.15B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.25B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.24B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.24B	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$148.19M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$141.62M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$1.38B	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$1.39B	USD	Point-in-time
Stockholders' equity	`StockholdersEquity`	$731.20M	USD	Point-in-time
Stockholders' equity	`StockholdersEquity`	$661.60M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$3.30B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$3.26B	USD	Point-in-time

Income Statement 88 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$1.53B	USD	1 Quarter
Net sales	`SalesRevenueNet`	$3.23B	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$3.01B	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$1.57B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$2.99B	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$1.45B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$1.41B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$2.78B	USD	2 Qtrs
Gross profit	`GrossProfit`	$227.16M	USD	2 Qtrs
Gross profit	`GrossProfit`	$117.48M	USD	1 Quarter
Gross profit	`GrossProfit`	$116.83M	USD	1 Quarter
Gross profit	`GrossProfit`	$244.88M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$125.97M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$63.56M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$62.21M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$120.68M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$3.25M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$6.35M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$4.91M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$9.08M	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$1.06M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$1.92M	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.24M	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$959.00K	USD	1 Quarter
Restructuring and integration costs	`RestructuringAndIntegrationCosts`	$4.51M	USD	1 Quarter
Restructuring and integration costs	`RestructuringAndIntegrationCosts`	$3.87M	USD	1 Quarter
Restructuring and integration costs	`RestructuringAndIntegrationCosts`	$7.21M	USD	2 Qtrs
Restructuring and integration costs	`RestructuringAndIntegrationCosts`	$9.55M	USD	2 Qtrs
Asset impairment	`OtherAssetImpairmentCharges`	-	USD	1 Quarter
Asset impairment	`OtherAssetImpairmentCharges`	$85.00K	USD	2 Qtrs
Asset impairment	`OtherAssetImpairmentCharges`	$500.00K	USD	1 Quarter
Asset impairment	`OtherAssetImpairmentCharges`	$500.00K	USD	2 Qtrs
Gain on sales of long-lived assets	`GainLossOnDispositionOfProperty`	-	USD	1 Quarter
Gain on sales of long-lived assets	`GainLossOnDispositionOfProperty`	$398.00K	USD	1 Quarter
Gain on sales of long-lived assets	`GainLossOnDispositionOfProperty`	-	USD	2 Qtrs
Gain on sales of long-lived assets	`GainLossOnDispositionOfProperty`	$2.02M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$142.27M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$72.24M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$72.20M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$139.29M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$44.63M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$84.90M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$105.59M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$45.24M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.13M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$562.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$597.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$978.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$26.27M	USD	1 Quarter
Interest expense	`InterestExpense`	$26.58M	USD	1 Quarter
Interest expense	`InterestExpense`	$53.36M	USD	2 Qtrs
Interest expense	`InterestExpense`	$52.93M	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$39.77M	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$3.28M	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$2.06M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$120.00K	USD	1 Quarter
Interest and other, net	`NonoperatingIncomeExpense`	$-12.60M	USD	2 Qtrs
Interest and other, net	`NonoperatingIncomeExpense`	$-25.86M	USD	1 Quarter
Interest and other, net	`NonoperatingIncomeExpense`	$-48.52M	USD	2 Qtrs
Interest and other, net	`NonoperatingIncomeExpense`	$-23.65M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$72.29M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$20.99M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$19.38M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$57.07M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.92M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$15.65M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.82M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$9.28M	USD	1 Quarter
Net income	`NetIncomeLoss`	$41.42M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$69.47M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$13.06M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.09M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.52	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.16	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.13	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.88	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.16	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.12	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.50	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.85	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	80.24M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	78.81M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	80.04M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	79.00M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	82.78M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	83.94M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	81.77M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	83.34M	shares	2 Qtrs

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$41.42M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$69.47M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$13.06M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.09M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$50.00M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$42.67M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$7.92M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$10.00M	USD	2 Qtrs
Provision (benefit) for doubtful accounts, product returns and other net sales adjustments	`ChangeInProvisionBenefitForDoubtfulAccountsProductReturnsAndOtherNetSalesAdjustments`	$737.00K	USD	2 Qtrs
Provision (benefit) for doubtful accounts, product returns and other net sales adjustments	`ChangeInProvisionBenefitForDoubtfulAccountsProductReturnsAndOtherNetSalesAdjustments`	$-543.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-173.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-477.00K	USD	2 Qtrs
Asset impairment	`ImpairmentOfLongLivedAssetsToBeDisposedOf`	$500.00K	USD	2 Qtrs
Asset impairment	`ImpairmentOfLongLivedAssetsToBeDisposedOf`	$85.00K	USD	2 Qtrs
Gain on disposals of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$2.02M	USD	2 Qtrs
Gain on disposals of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	2 Qtrs
Other, net	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesOther`	$-1.93M	USD	2 Qtrs
Other, net	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesOther`	$521.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-55.90M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$154.12M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-25.72M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$54.97M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-7.82M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-5.61M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$102.39M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-65.77M	USD	2 Qtrs
Accrued liabilities and other long-term liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-41.58M	USD	2 Qtrs
Accrued liabilities and other long-term liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-13.83M	USD	2 Qtrs
Cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-19.17M	USD	2 Qtrs
Cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$104.54M	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$54.76M	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$35.66M	USD	2 Qtrs
Proceeds from sales of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$779.00K	USD	2 Qtrs
Proceeds from sales of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$8.35M	USD	2 Qtrs
Cash paid in connection with business combinations	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$8.51M	USD	2 Qtrs
Cash paid in connection with business combinations	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$2.29M	USD	2 Qtrs
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-54.92M	USD	2 Qtrs
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-37.18M	USD	2 Qtrs
Decrease in restricted cash	`ProceedsFromRepaymentsOfRestrictedCashFinancingActivities`	$2.78M	USD	2 Qtrs
Decrease in restricted cash	`ProceedsFromRepaymentsOfRestrictedCashFinancingActivities`	$14.64M	USD	2 Qtrs
Net repayments of short-term credit facilities	`ProceedsFromRepaymentsOfShortTermDebt`	$-3.10M	USD	2 Qtrs
Net repayments of short-term credit facilities	`ProceedsFromRepaymentsOfShortTermDebt`	-	USD	2 Qtrs
Repayments and repurchases of long-term debt	`RepaymentsOfLongTermDebt`	$175.70M	USD	2 Qtrs
Repayments and repurchases of long-term debt	`RepaymentsOfLongTermDebt`	-	USD	2 Qtrs
Net proceeds from stock issuances	`ProceedsFromIssuanceOrSaleOfEquity`	$3.14M	USD	2 Qtrs
Net proceeds from stock issuances	`ProceedsFromIssuanceOrSaleOfEquity`	$2.10M	USD	2 Qtrs
Cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$14.68M	USD	2 Qtrs
Cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-170.81M	USD	2 Qtrs
Effect of exchange rate changes	`EffectOfExchangeRateOnCashAndCashEquivalents`	$970.00K	USD	2 Qtrs
Effect of exchange rate changes	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-2.36M	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-226.19M	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$61.93M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$672.96M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$654.75M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$592.81M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$592.81M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$899.15M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$672.96M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$654.75M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$592.81M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$592.81M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$899.15M	USD	Point-in-time
Interest	`InterestPaid`	$48.80M	USD	2 Qtrs
Interest	`InterestPaid`	$48.69M	USD	2 Qtrs
Income taxes, net of refunds	`IncomeTaxesPaidNet`	$21.02M	USD	2 Qtrs
Income taxes, net of refunds	`IncomeTaxesPaidNet`	$5.34M	USD	2 Qtrs

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