10-Q Filing

SANMINA CORP CIK: 897723 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0000897723-12-000020`
Period End Date	20120331
Filing Date	20120501
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	sanm-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 42 Income Statement 88 Cash Flow Statement 73

Balance Sheet 42 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$14.54M	USD	Point-in-time
Accounts receivable allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$12.21M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$464.42M	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`	$640.29M	USD	Point-in-time
Accounts receivable, net of allowances of $12,205 and $14,537, respectively	`AccountsReceivableNetCurrent`	$1.01B	USD	Point-in-time
Accounts receivable, net of allowances of $12,205 and $14,537, respectively	`AccountsReceivableNetCurrent`	$928.94M	USD	Point-in-time
Inventories	`InventoryNet`	$862.39M	USD	Point-in-time
Inventories	`InventoryNet`	$891.33M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$68.51M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$83.51M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.32B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.63B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$588.10M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$577.18M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$129.31M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$136.63M	USD	Point-in-time
Total assets	`Assets`	$3.35B	USD	Point-in-time
Total assets	`Assets`	$3.03B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$984.01M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$834.27M	USD	Point-in-time
Accrued liabilities	`OtherLiabilitiesCurrent`	$102.68M	USD	Point-in-time
Accrued liabilities	`OtherLiabilitiesCurrent`	$109.48M	USD	Point-in-time
Accrued payroll and related benefits	`EmployeeRelatedLiabilitiesCurrent`	$105.87M	USD	Point-in-time
Accrued payroll and related benefits	`EmployeeRelatedLiabilitiesCurrent`	$112.19M	USD	Point-in-time
Short-term debt	`OtherShortTermBorrowings`	$60.20M	USD	Point-in-time
Short-term debt	`OtherShortTermBorrowings`	$30.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.07B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.27B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.03B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.18B	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$132.18M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$135.26M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$1.17B	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$1.32B	USD	Point-in-time
Commitments and contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Stockholders' equity	`StockholdersEquity`	$770.52M	USD	Point-in-time
Stockholders' equity	`StockholdersEquity`	$792.70M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$3.35B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$3.03B	USD	Point-in-time

Income Statement 88 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$3.23B	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$1.57B	USD	1 Quarter
Net sales	`SalesRevenueNet`	$1.46B	USD	1 Quarter
Net sales	`SalesRevenueNet`	$2.97B	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$2.99B	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$2.75B	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$1.45B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$1.36B	USD	1 Quarter
Gross profit	`GrossProfit`	$244.88M	USD	2 Qtrs
Gross profit	`GrossProfit`	$116.83M	USD	1 Quarter
Gross profit	`GrossProfit`	$106.35M	USD	1 Quarter
Gross profit	`GrossProfit`	$215.37M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$62.21M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$122.08M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$62.94M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$120.68M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$10.06M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$9.08M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$4.91M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$5.92M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$767.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$1.72M	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$1.92M	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$959.00K	USD	1 Quarter
Restructuring and integration costs	`RestructuringAndIntegrationCosts`	$9.54M	USD	2 Qtrs
Restructuring and integration costs	`RestructuringAndIntegrationCosts`	$4.51M	USD	1 Quarter
Restructuring and integration costs	`RestructuringAndIntegrationCosts`	$9.55M	USD	2 Qtrs
Restructuring and integration costs	`RestructuringAndIntegrationCosts`	$5.49M	USD	1 Quarter
Asset impairments	`ImpairmentOfLongLivedAssetsToBeDisposedOf`	$1.02M	USD	1 Quarter
Asset impairments	`ImpairmentOfLongLivedAssetsToBeDisposedOf`	$2.08M	USD	2 Qtrs
Asset impairments	`ImpairmentOfLongLivedAssetsToBeDisposedOf`	$85.00K	USD	2 Qtrs
Asset impairments	`ImpairmentOfLongLivedAssetsToBeDisposedOf`	-	USD	1 Quarter
Gains on sales of long-lived assets, net	`GainLossOnDispositionOfProperty`	-	USD	2 Qtrs
Gains on sales of long-lived assets, net	`GainLossOnDispositionOfProperty`	-	USD	1 Quarter
Gains on sales of long-lived assets, net	`GainLossOnDispositionOfProperty`	$398.00K	USD	1 Quarter
Gains on sales of long-lived assets, net	`GainLossOnDispositionOfProperty`	$2.02M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$72.20M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$145.48M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$139.29M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$76.14M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$69.90M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$44.63M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$30.21M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$105.59M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$442.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.13M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$726.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$562.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$42.23M	USD	2 Qtrs
Interest expense	`InterestExpense`	$52.93M	USD	2 Qtrs
Interest expense	`InterestExpense`	$20.37M	USD	1 Quarter
Interest expense	`InterestExpense`	$26.27M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-4.84M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-6.36M	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$3.28M	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$2.06M	USD	1 Quarter
Interest and other, net	`NonoperatingIncomeExpense`	$-47.86M	USD	2 Qtrs
Interest and other, net	`NonoperatingIncomeExpense`	$-24.77M	USD	1 Quarter
Interest and other, net	`NonoperatingIncomeExpense`	$-23.65M	USD	1 Quarter
Interest and other, net	`NonoperatingIncomeExpense`	$-48.52M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$20.99M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$22.03M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$57.07M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$5.44M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$15.65M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$14.90M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.88M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.92M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$7.14M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$13.06M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$41.42M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-1.44M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.52	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.16	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.09	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$-0.02	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.09	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.50	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$-0.02	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.16	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	81.22M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	81.06M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	80.04M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	80.24M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	83.51M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	83.34M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	83.94M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	81.22M	shares	1 Quarter

Cash Flow Statement 73 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$7.14M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$13.06M	USD	1 Quarter
Net income	`NetIncomeLoss`	$41.42M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$-1.44M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$50.00M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$50.51M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$4.53M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$8.59M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$7.92M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$4.24M	USD	1 Quarter
Benefit from doubtful accounts, product returns and other sales adjustments	`ProvisionForDoubtfulAccounts`	$1.04M	USD	2 Qtrs
Benefit from doubtful accounts, product returns and other sales adjustments	`ProvisionForDoubtfulAccounts`	$543.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-477.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.40M	USD	2 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-6.46M	USD	2 Qtrs
Gain on disposals of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	2 Qtrs
Gain on disposals of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-2.02M	USD	2 Qtrs
Asset impairments	`OtherAssetImpairmentCharges`	$2.08M	USD	2 Qtrs
Asset impairments	`OtherAssetImpairmentCharges`	$85.00K	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$263.00K	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-521.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-85.84M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-55.90M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-29.01M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-25.72M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-5.61M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-11.44M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-65.77M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-147.35M	USD	2 Qtrs
Accrued liabilities and other long-term liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-13.83M	USD	2 Qtrs
Accrued liabilities and other long-term liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-7.09M	USD	2 Qtrs
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$46.72M	USD	2 Qtrs
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$104.54M	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$40.66M	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$54.76M	USD	2 Qtrs
Proceeds from sales of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.52M	USD	2 Qtrs
Proceeds from sales of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$8.35M	USD	2 Qtrs
Cash paid in connection with a previous business combination	`PaymentsForPreviousAcquisition`	$8.51M	USD	2 Qtrs
Cash paid in connection with a previous business combination	`PaymentsForPreviousAcquisition`	$2.05M	USD	2 Qtrs
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-40.19M	USD	2 Qtrs
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-54.92M	USD	2 Qtrs
Change in restricted cash	`ProceedsFromRepaymentsOfRestrictedCashFinancingActivities`	$3.54M	USD	2 Qtrs
Change in restricted cash	`ProceedsFromRepaymentsOfRestrictedCashFinancingActivities`	$14.64M	USD	2 Qtrs
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	-	USD	2 Qtrs
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	$154.06M	USD	2 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	2 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$2.69M	USD	2 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$2.70M	USD	1 Quarter
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$31.80M	USD	2 Qtrs
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$44.00M	USD	2 Qtrs
Repayments of short-term borrowings	`RepaymentsOfShortTermDebt`	$34.90M	USD	2 Qtrs
Repayments of short-term borrowings	`RepaymentsOfShortTermDebt`	$74.20M	USD	2 Qtrs
Net proceeds from stock issuances	`ProceedsFromIssuanceOfCommonStock`	$1.70M	USD	2 Qtrs
Net proceeds from stock issuances	`ProceedsFromIssuanceOfCommonStock`	$3.14M	USD	2 Qtrs
Cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$14.68M	USD	2 Qtrs
Cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-181.71M	USD	2 Qtrs
Effect of exchange rate changes	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-700.00K	USD	2 Qtrs
Effect of exchange rate changes	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-2.36M	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-175.87M	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`	$464.42M	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`	$640.29M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$464.42M	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`	$640.29M	USD	Point-in-time
Interest	`InterestPaid`	$39.43M	USD	2 Qtrs
Interest	`InterestPaid`	$48.80M	USD	2 Qtrs
Income taxes, net of refunds	`IncomeTaxesPaidNet`	$5.34M	USD	2 Qtrs
Income taxes, net of refunds	`IncomeTaxesPaidNet`	$6.89M	USD	2 Qtrs

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