10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000897723-20-000006 |
| Period End Date | 20191231 |
| Filing Date | 20200130 |
| Fiscal Year | 2020 |
| Fiscal Period | Q1 |
| XBRL Instance | sanminadec28201910-q_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
47 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Allowance for Doubtful Accounts |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$12.48M | USD | Point-in-time |
| Allowance for Doubtful Accounts |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$9.33M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$419.53M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$454.74M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$430.56M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$409.29M | USD | Point-in-time |
| Accounts receivable, net of allowances of $9,327 and $12,481 as of December 28, 2019 and September 28, 2019, respectively |
AccountsAndOtherReceivablesNetCurrent
|
$1.06B | USD | Point-in-time |
| Accounts receivable, net of allowances of $9,327 and $12,481 as of December 28, 2019 and September 28, 2019, respectively |
AccountsAndOtherReceivablesNetCurrent
|
$1.13B | USD | Point-in-time |
| Contract assets |
ContractWithCustomerAssetNetCurrent
|
$421.86M | USD | Point-in-time |
| Contract assets |
ContractWithCustomerAssetNetCurrent
|
$396.30M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$843.76M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$900.56M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$40.95M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$45.13M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$2.81B | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$2.92B | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$612.21M | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$630.65M | USD | Point-in-time |
| Deferred tax assets |
DeferredIncomeTaxAssetsNet
|
$279.80M | USD | Point-in-time |
| Deferred tax assets |
DeferredIncomeTaxAssetsNet
|
$276.82M | USD | Point-in-time |
| Other |
OtherAssetsNoncurrent
|
$135.46M | USD | Point-in-time |
| Other |
OtherAssetsNoncurrent
|
$74.13M | USD | Point-in-time |
| Total assets |
Assets
|
$3.91B | USD | Point-in-time |
| Total assets |
Assets
|
$3.83B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$1.34B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$1.18B | USD | Point-in-time |
| Accrued liabilities |
OtherLiabilitiesCurrent
|
$204.75M | USD | Point-in-time |
| Accrued liabilities |
OtherLiabilitiesCurrent
|
$180.11M | USD | Point-in-time |
| Accrued payroll and related benefits |
EmployeeRelatedLiabilitiesCurrent
|
$106.48M | USD | Point-in-time |
| Accrued payroll and related benefits |
EmployeeRelatedLiabilitiesCurrent
|
$127.65M | USD | Point-in-time |
| Short-term debt, including current portion of long-term debt |
DebtCurrent
|
$38.35M | USD | Point-in-time |
| Short-term debt, including current portion of long-term debt |
DebtCurrent
|
$38.73M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$1.68B | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$1.53B | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$342.54M | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$346.97M | USD | Point-in-time |
| Other |
OtherLiabilitiesNoncurrent
|
$277.68M | USD | Point-in-time |
| Other |
OtherLiabilitiesNoncurrent
|
$232.95M | USD | Point-in-time |
| Total long-term liabilities |
LiabilitiesNoncurrent
|
$620.22M | USD | Point-in-time |
| Total long-term liabilities |
LiabilitiesNoncurrent
|
$579.92M | USD | Point-in-time |
| Contingencies (Note 8) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Contingencies (Note 8) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Stockholders' equity |
StockholdersEquity
|
$1.68B | USD | Point-in-time |
| Stockholders' equity |
StockholdersEquity
|
$1.53B | USD | Point-in-time |
| Stockholders' equity |
StockholdersEquity
|
$1.64B | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$3.83B | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$3.91B | USD | Point-in-time |
Income Statement
38 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net sales |
Revenues
|
$2.19B | USD | 1 Quarter |
| Net sales |
Revenues
|
$1.84B | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$1.71B | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$2.04B | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$149.34M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$134.88M | USD | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$63.15M | USD | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$63.03M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$6.44M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$5.20M | USD | 1 Quarter |
| Restructuring and other |
RestructuringandOtherOperatingExpense
|
$2.33M | USD | 1 Quarter |
| Restructuring and other |
RestructuringandOtherOperatingExpense
|
$9.35M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$77.70M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$71.79M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$77.54M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$57.18M | USD | 1 Quarter |
| Interest income |
InterestAndOtherIncome
|
$194.00K | USD | 1 Quarter |
| Interest income |
InterestAndOtherIncome
|
$310.00K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$5.88M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$8.27M | USD | 1 Quarter |
| Other income (expense), net |
OtherNonoperatingIncomeExpense
|
$1.32M | USD | 1 Quarter |
| Other income (expense), net |
OtherNonoperatingIncomeExpense
|
$-5.99M | USD | 1 Quarter |
| Interest and other, net |
NonoperatingIncomeExpense
|
$-14.07M | USD | 1 Quarter |
| Interest and other, net |
NonoperatingIncomeExpense
|
$-4.25M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$52.93M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$63.47M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$25.52M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$14.59M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$38.34M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$37.95M | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.56 | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.55 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.54 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.53 | USD | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
68.30M | shares | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
70.18M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
72.60M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
70.90M | shares | 1 Quarter |
Cash Flow Statement
62 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$37.95M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$38.34M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$28.73M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$29.79M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$5.82M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$6.91M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$11.58M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$3.00M | USD | 1 Quarter |
| Other, net |
OtherOperatingActivitiesCashFlowStatement
|
$-322.00K | USD | 1 Quarter |
| Other, net |
OtherOperatingActivitiesCashFlowStatement
|
$353.00K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$160.97M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-65.45M | USD | 1 Quarter |
| Contract assets |
IncreaseDecreaseInContractWithCustomerAsset
|
$25.56M | USD | 1 Quarter |
| Contract assets |
IncreaseDecreaseInContractWithCustomerAsset
|
$44.00M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$-57.36M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$30.71M | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-2.37M | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-3.03M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-2.85M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-139.30M | USD | 1 Quarter |
| Accrued liabilities |
IncreaseDecreaseInOtherOperatingLiabilities
|
$71.56M | USD | 1 Quarter |
| Accrued liabilities |
IncreaseDecreaseInOtherOperatingLiabilities
|
$-15.81M | USD | 1 Quarter |
| Cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$21.17M | USD | 1 Quarter |
| Cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-78.44M | USD | 1 Quarter |
| Purchases of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$37.17M | USD | 1 Quarter |
| Purchases of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$28.47M | USD | 1 Quarter |
| Proceeds from sales of property, plant and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$420.00K | USD | 1 Quarter |
| Proceeds from sales of property, plant and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$575.00K | USD | 1 Quarter |
| Cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-36.59M | USD | 1 Quarter |
| Cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-28.05M | USD | 1 Quarter |
| Repayments of long-term debt |
RepaymentsOfLongTermDebtAndCapitalSecurities
|
$4.69M | USD | 1 Quarter |
| Repayments of long-term debt |
RepaymentsOfLongTermDebtAndCapitalSecurities
|
- | USD | 1 Quarter |
| Proceeds from revolving credit facility borrowings |
ProceedsFromLinesOfCredit
|
$1.04B | USD | 1 Quarter |
| Proceeds from revolving credit facility borrowings |
ProceedsFromLinesOfCredit
|
$717.00M | USD | 1 Quarter |
| Repayments of revolving credit facility borrowings |
RepaymentsOfLinesOfCredit
|
$928.83M | USD | 1 Quarter |
| Repayments of revolving credit facility borrowings |
RepaymentsOfLinesOfCredit
|
$717.00M | USD | 1 Quarter |
| Debt issuance costs |
PaymentsOfDebtIssuanceCosts
|
$2.00M | USD | 1 Quarter |
| Debt issuance costs |
PaymentsOfDebtIssuanceCosts
|
- | USD | 1 Quarter |
| Net proceeds from stock issuances |
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
$4.85M | USD | 1 Quarter |
| Net proceeds from stock issuances |
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
$3.57M | USD | 1 Quarter |
| Repurchases of common stock |
PaymentsForRepurchaseOfCommonStock
|
$11.84M | USD | 1 Quarter |
| Repurchases of common stock |
PaymentsForRepurchaseOfCommonStock
|
$17.55M | USD | 1 Quarter |
| Cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$104.72M | USD | 1 Quarter |
| Cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-17.39M | USD | 1 Quarter |
| Effect of exchange rate changes |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$66.00K | USD | 1 Quarter |
| Effect of exchange rate changes |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$84.00K | USD | 1 Quarter |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-10.24M | USD | 1 Quarter |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-24.18M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$419.53M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$454.74M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$430.56M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$409.29M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$419.53M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$454.74M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$430.56M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$409.29M | USD | Point-in-time |
| Interest, net of capitalized interest |
InterestPaidNet
|
$4.72M | USD | 1 Quarter |
| Interest, net of capitalized interest |
InterestPaidNet
|
$10.89M | USD | 1 Quarter |
| Income taxes, net of refunds |
IncomeTaxesPaidNet
|
$4.89M | USD | 1 Quarter |
| Income taxes, net of refunds |
IncomeTaxesPaidNet
|
$4.92M | USD | 1 Quarter |
| Unpaid purchases of property, plant and equipment at the end of period |
CapitalExpendituresIncurredButNotYetPaid
|
$15.78M | USD | 1 Quarter |
| Unpaid purchases of property, plant and equipment at the end of period |
CapitalExpendituresIncurredButNotYetPaid
|
$41.91M | USD | 1 Quarter |
Stockholders Equity
10 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Balance |
StockholdersEquity
|
$1.68B | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$1.53B | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$1.64B | USD | Point-in-time |
| Other comprehensive income (loss) |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$4.26M | USD | 1 Quarter |
| Other comprehensive income (loss) |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$-3.85M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$37.95M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$38.34M | USD | 1 Quarter |
| Balance |
StockholdersEquity
|
$1.68B | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$1.53B | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$1.64B | USD | Point-in-time |
Comprehensive Income
16 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$37.95M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$38.34M | USD | 1 Quarter |
| Change in foreign currency translation adjustments |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$717.00K | USD | 1 Quarter |
| Change in foreign currency translation adjustments |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$-252.00K | USD | 1 Quarter |
| Change in net unrealized amount |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$-6.50M | USD | 1 Quarter |
| Change in net unrealized amount |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$3.38M | USD | 1 Quarter |
| Amount reclassified into net income |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
|
$195.00K | USD | 1 Quarter |
| Amount reclassified into net income |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
|
$-2.41M | USD | 1 Quarter |
| Changes in unrecognized net actuarial losses and unrecognized transition costs |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
|
$-290.00K | USD | 1 Quarter |
| Changes in unrecognized net actuarial losses and unrecognized transition costs |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
|
$187.00K | USD | 1 Quarter |
| Amortization of actuarial losses and transition costs |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
|
$544.00K | USD | 1 Quarter |
| Amortization of actuarial losses and transition costs |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
|
$198.00K | USD | 1 Quarter |
| Total other comprehensive income (loss) |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$4.26M | USD | 1 Quarter |
| Total other comprehensive income (loss) |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$-3.85M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$42.60M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$34.10M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.