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10-Q Filing

SANMINA CORP CIK: 897723 Q1 2014
Filing Information
Form Type 10-Q
Accession Number 0000897723-14-000004
Period End Date 20131231
Filing Date 20140131
Fiscal Year 2014
Fiscal Period Q1
XBRL Instance sanm-20131228.xml
Filing Contents
Balance Sheet 42 line items
Line Item Tag Value Unit Period
Allowance for Doubtful Accounts AllowanceForDoubtfulAccountsReceivableCurrent $11.20M USD Point-in-time
Allowance for Doubtful Accounts AllowanceForDoubtfulAccountsReceivableCurrent $11.73M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $407.05M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $402.88M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $490.69M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $409.62M USD Point-in-time
Accounts receivable, net of allowances of $11,197 and $11,735, respectively AccountsAndOtherReceivablesNetCurrent $917.21M USD Point-in-time
Accounts receivable, net of allowances of $11,197 and $11,735, respectively AccountsAndOtherReceivablesNetCurrent $944.82M USD Point-in-time
Inventories InventoryNet $791.98M USD Point-in-time
Inventories InventoryNet $781.56M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $75.34M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $87.70M USD Point-in-time
Total current assets AssetsCurrent $2.20B USD Point-in-time
Total current assets AssetsCurrent $2.20B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $562.45M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $540.15M USD Point-in-time
Other OtherAssetsNoncurrent $251.11M USD Point-in-time
Other OtherAssetsNoncurrent $263.81M USD Point-in-time
Total assets Assets $3.03B USD Point-in-time
Total assets Assets $3.00B USD Point-in-time
Accounts payable AccountsPayableCurrent $925.44M USD Point-in-time
Accounts payable AccountsPayableCurrent $956.49M USD Point-in-time
Accrued liabilities OtherLiabilitiesCurrent $113.81M USD Point-in-time
Accrued liabilities OtherLiabilitiesCurrent $109.36M USD Point-in-time
Accrued payroll and related benefits EmployeeRelatedLiabilitiesCurrent $117.14M USD Point-in-time
Accrued payroll and related benefits EmployeeRelatedLiabilitiesCurrent $118.57M USD Point-in-time
Short-term debt DebtCurrent $22.30M USD Point-in-time
Short-term debt DebtCurrent $83.82M USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.21B USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.24B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $562.51M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $560.62M USD Point-in-time
Other OtherLiabilitiesNoncurrent $135.05M USD Point-in-time
Other OtherLiabilitiesNoncurrent $136.14M USD Point-in-time
Total long-term liabilities LiabilitiesNoncurrent $697.56M USD Point-in-time
Total long-term liabilities LiabilitiesNoncurrent $696.75M 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 $1.09B USD Point-in-time
Stockholders' equity StockholdersEquity $1.09B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $3.03B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $3.00B USD Point-in-time
Income Statement 42 line items
Line Item Tag Value Unit Period
Net sales SalesRevenueNet $1.49B USD 1 Quarter
Net sales SalesRevenueNet $1.45B USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $1.34B USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $1.40B USD 1 Quarter
Gross profit GrossProfit $96.93M USD 1 Quarter
Gross profit GrossProfit $110.78M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $59.87M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $59.18M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $5.39M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $7.91M USD 1 Quarter
Restructuring and integration costs RestructuringAndIntegrationCosts $3.95M USD 1 Quarter
Restructuring and integration costs RestructuringAndIntegrationCosts $3.70M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $474.00K USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $474.00K USD 1 Quarter
Gain on sales of long-lived assets GainLossOnDispositionOfAssets $4.22M USD 1 Quarter
Gain on sales of long-lived assets GainLossOnDispositionOfAssets - USD 1 Quarter
Total operating expenses OperatingExpenses $71.27M USD 1 Quarter
Total operating expenses OperatingExpenses $65.47M USD 1 Quarter
Operating income OperatingIncomeLoss $39.52M USD 1 Quarter
Operating income OperatingIncomeLoss $31.46M USD 1 Quarter
Interest income InterestAndOtherIncome $806.00K USD 1 Quarter
Interest income InterestAndOtherIncome $198.00K USD 1 Quarter
Interest expense InterestExpense $7.47M USD 1 Quarter
Interest expense InterestExpense $13.08M USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $878.00K USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $-14.92M USD 1 Quarter
Interest and other, net NonoperatingIncomeExpense $-5.79M USD 1 Quarter
Interest and other, net NonoperatingIncomeExpense $-27.81M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $3.65M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $33.73M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $10.63M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $3.03M USD 1 Quarter
Net income NetIncomeLoss $23.10M USD 1 Quarter
Net income NetIncomeLoss $621.00K USD 1 Quarter
Basic EarningsPerShareBasic $0.01 USD 1 Quarter
Basic EarningsPerShareBasic $0.28 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.01 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.26 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 83.77M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 81.92M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 84.01M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 87.26M shares 1 Quarter
Cash Flow Statement 69 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $23.10M USD 1 Quarter
Net income NetIncomeLoss $621.00K USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $24.83M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $23.36M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $4.28M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $4.67M USD 1 Quarter
Provision for (benefit from) doubtful accounts, product returns and other sales adjustments ProvisionForBenefitFromDoubtfulAccountsProductReturnsAndOtherSalesAdjustments $286.00K USD 1 Quarter
Provision for (benefit from) doubtful accounts, product returns and other sales adjustments ProvisionForBenefitFromDoubtfulAccountsProductReturnsAndOtherSalesAdjustments $-539.00K USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $872.00K USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-360.00K USD 1 Quarter
Gain on sales of assets, net GainLossOnSaleOfProperties $4.11M USD 1 Quarter
Gain on sales of assets, net GainLossOnSaleOfProperties $163.00K USD 1 Quarter
Loss from dedesignation of interest rate swap LossOnDiscontinuationOfCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurring $14.90M USD 1 Quarter
Loss from dedesignation of interest rate swap LossOnDiscontinuationOfCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurring - USD 1 Quarter
Other, net OtherOperatingActivitiesCashFlowStatement $29.00K USD 1 Quarter
Other, net OtherOperatingActivitiesCashFlowStatement $-3.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-28.77M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-104.03M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $4.16M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-46.74M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $5.58M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-11.02M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-37.13M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-98.75M USD 1 Quarter
Accrued liabilities and other long-term liabilities IncreaseDecreaseInOtherOperatingLiabilities $-6.82M USD 1 Quarter
Accrued liabilities and other long-term liabilities IncreaseDecreaseInOtherOperatingLiabilities $5.44M USD 1 Quarter
Cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $38.24M USD 1 Quarter
Cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $97.08M USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $13.61M USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $27.39M USD 1 Quarter
Proceeds from sales of property, plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $164.00K USD 1 Quarter
Proceeds from sales of property, plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $8.55M USD 1 Quarter
Cash paid for business combination PaymentsToAcquireBusinessesGross $57.66M USD Point-in-time
Cash paid for business combination PaymentsToAcquireBusinessesGross - USD 1 Quarter
Cash paid for business combination PaymentsToAcquireBusinessesGross $57.66M USD 1 Quarter
Cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-18.84M USD 1 Quarter
Cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-71.10M USD 1 Quarter
Change in restricted cash ProceedsFromRepaymentsOfRestrictedCashFinancingActivities $1.30M USD 1 Quarter
Change in restricted cash ProceedsFromRepaymentsOfRestrictedCashFinancingActivities - USD 1 Quarter
Proceeds from short-term borrowings ProceedsFromShortTermDebt $21.45M USD 1 Quarter
Proceeds from short-term borrowings ProceedsFromShortTermDebt $62.64M USD 1 Quarter
Repayments of short-term borrowings RepaymentsOfShortTermDebt $19.93M USD 1 Quarter
Repayments of short-term borrowings RepaymentsOfShortTermDebt $59.99M USD 1 Quarter
Proceeds from revolving credit facility borrowings ProceedsFromLinesOfCredit $185.00M USD 1 Quarter
Proceeds from revolving credit facility borrowings ProceedsFromLinesOfCredit - USD 1 Quarter
Repayments of revolving credit facility borrowings RepaymentsOfLinesOfCredit - USD 1 Quarter
Repayments of revolving credit facility borrowings RepaymentsOfLinesOfCredit $125.00M USD 1 Quarter
Net proceeds from stock issuances ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $1.13M USD 1 Quarter
Net proceeds from stock issuances ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $833.00K USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $1.41M USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $25.62M USD 1 Quarter
Cash provided by financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $37.03M USD 1 Quarter
Cash provided by financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $3.37M USD 1 Quarter
Effect of exchange rate changes EffectOfExchangeRateOnCashAndCashEquivalents $-535.00K USD 1 Quarter
Effect of exchange rate changes EffectOfExchangeRateOnCashAndCashEquivalents $10.00K USD 1 Quarter
Increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $4.18M USD 1 Quarter
Increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $81.08M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $407.05M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $402.88M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $490.69M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $409.62M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $407.05M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $402.88M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $490.69M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $409.62M USD Point-in-time
Interest, net of capitalized interest InterestPaidNet $9.26M USD 1 Quarter
Interest, net of capitalized interest InterestPaidNet $11.40M USD 1 Quarter
Income taxes, net of refunds IncomeTaxesPaidNet $3.08M USD 1 Quarter
Income taxes, net of refunds IncomeTaxesPaidNet $4.93M USD 1 Quarter
Comprehensive Income 16 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $23.10M USD 1 Quarter
Net income NetIncomeLoss $621.00K USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-1.82M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-137.00K USD 1 Quarter
Changes in unrealized losses OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $255.00K USD 1 Quarter
Changes in unrealized losses OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $386.00K USD 1 Quarter
Amount reclassified into net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $37.00K USD 1 Quarter
Amount reclassified into net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $-17.93M USD 1 Quarter
Changes in unrecognized net actuarial loss and unrecognized transition cost OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax $205.00K USD 1 Quarter
Changes in unrecognized net actuarial loss and unrecognized transition cost OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax $154.00K USD 1 Quarter
Amortization of actuarial loss and transition cost OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax $419.00K USD 1 Quarter
Amortization of actuarial loss and transition cost OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax $18.00K USD 1 Quarter
Total other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $17.86M USD 1 Quarter
Total other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-1.21M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $21.89M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $18.48M USD 1 Quarter

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

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