10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000897723-21-000008 |
| Period End Date | 20201231 |
| Filing Date | 20210204 |
| Fiscal Year | 2021 |
| Fiscal Period | Q1 |
| XBRL Instance | sanm-20210102_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
45 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$430.56M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$480.53M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$454.74M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$516.03M | USD | Point-in-time |
| Accounts receivable, net of allowances of $8,309 and $8,570 as of January 2, 2021 and October 3, 2020, respectively |
AccountsAndOtherReceivablesNetCurrent
|
$1.11B | USD | Point-in-time |
| Accounts receivable, net of allowances of $8,309 and $8,570 as of January 2, 2021 and October 3, 2020, respectively |
AccountsAndOtherReceivablesNetCurrent
|
$1.04B | USD | Point-in-time |
| Contract assets |
ContractWithCustomerAssetNetCurrent
|
$350.05M | USD | Point-in-time |
| Contract assets |
ContractWithCustomerAssetNetCurrent
|
$396.58M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$819.47M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$861.28M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$48.85M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$37.72M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$2.84B | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$2.82B | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$559.24M | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$541.19M | USD | Point-in-time |
| Deferred tax assets |
DeferredIncomeTaxAssetsNet
|
$273.47M | USD | Point-in-time |
| Deferred tax assets |
DeferredIncomeTaxAssetsNet
|
$269.80M | USD | Point-in-time |
| Other |
OtherAssetsNoncurrent
|
$125.87M | USD | Point-in-time |
| Other |
OtherAssetsNoncurrent
|
$120.50M | USD | Point-in-time |
| Total assets |
Assets
|
$3.77B | USD | Point-in-time |
| Total assets |
Assets
|
$3.78B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$1.21B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$1.14B | USD | Point-in-time |
| Accrued liabilities |
OtherLiabilitiesCurrent
|
$171.76M | USD | Point-in-time |
| Accrued liabilities |
OtherLiabilitiesCurrent
|
$190.80M | USD | Point-in-time |
| Accrued payroll and related benefits |
EmployeeRelatedLiabilitiesCurrent
|
$120.47M | USD | Point-in-time |
| Accrued payroll and related benefits |
EmployeeRelatedLiabilitiesCurrent
|
$122.03M | USD | Point-in-time |
| Short-term debt, including current portion of long-term debt |
DebtCurrent
|
$18.75M | USD | Point-in-time |
| Short-term debt, including current portion of long-term debt |
DebtCurrent
|
$18.75M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$1.52B | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$1.47B | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$329.25M | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$324.82M | USD | Point-in-time |
| Other |
OtherLiabilitiesNoncurrent
|
$303.51M | USD | Point-in-time |
| Other |
OtherLiabilitiesNoncurrent
|
$290.90M | USD | Point-in-time |
| Total long-term liabilities |
LiabilitiesNoncurrent
|
$628.34M | USD | Point-in-time |
| Total long-term liabilities |
LiabilitiesNoncurrent
|
$620.15M | USD | Point-in-time |
| Contingencies (Note 7) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Contingencies (Note 7) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Stockholders' equity |
StockholdersEquity
|
$1.68B | USD | Point-in-time |
| Stockholders' equity |
StockholdersEquity
|
$1.63B | USD | Point-in-time |
| Stockholders' equity |
StockholdersEquity
|
$1.68B | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$3.78B | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$3.77B | USD | Point-in-time |
Income Statement
38 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net sales |
Revenues
|
$1.84B | USD | 1 Quarter |
| Net sales |
Revenues
|
$1.76B | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$1.71B | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$1.61B | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$134.88M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$141.24M | USD | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$58.97M | USD | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$63.15M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$4.80M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$5.20M | USD | 1 Quarter |
| Restructuring and other |
RestructuringSettlementAndImpairmentProvisions
|
$9.35M | USD | 1 Quarter |
| Restructuring and other |
RestructuringSettlementAndImpairmentProvisions
|
$1.90M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$77.70M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$65.68M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$57.18M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$75.56M | USD | 1 Quarter |
| Interest income |
InterestAndOtherIncome
|
$230.00K | USD | 1 Quarter |
| Interest income |
InterestAndOtherIncome
|
$310.00K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$5.88M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$4.95M | USD | 1 Quarter |
| Other income, net |
OtherNonoperatingIncomeExpense
|
$1.87M | USD | 1 Quarter |
| Other income, net |
OtherNonoperatingIncomeExpense
|
$1.32M | USD | 1 Quarter |
| Interest and other, net |
NonoperatingIncomeExpense
|
$-2.86M | USD | 1 Quarter |
| Interest and other, net |
NonoperatingIncomeExpense
|
$-4.25M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$72.70M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$52.93M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$24.68M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$14.59M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$48.02M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$38.34M | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.55 | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.74 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.53 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.72 | USD | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
70.18M | shares | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
65.24M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
72.60M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
66.82M | shares | 1 Quarter |
Cash Flow Statement
60 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$38.34M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$48.02M | USD | 1 Quarter |
| Accounts Receivable, Allowance for Credit Loss, Current |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$8.31M | USD | Point-in-time |
| Accounts Receivable, Allowance for Credit Loss, Current |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$8.57M | USD | Point-in-time |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$27.64M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$28.73M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$6.91M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$8.21M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$3.45M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$3.00M | USD | 1 Quarter |
| Other, net |
OtherOperatingActivitiesCashFlowStatement
|
$-322.00K | USD | 1 Quarter |
| Other, net |
OtherOperatingActivitiesCashFlowStatement
|
$-99.00K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-65.45M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$64.22M | USD | 1 Quarter |
| Contract assets |
IncreaseDecreaseInContractWithCustomerAsset
|
$25.56M | USD | 1 Quarter |
| Contract assets |
IncreaseDecreaseInContractWithCustomerAsset
|
$-46.53M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$-57.36M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$-42.28M | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-2.37M | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$9.40M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-139.30M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-66.66M | USD | 1 Quarter |
| Accrued liabilities |
IncreaseDecreaseInOtherOperatingLiabilities
|
$-15.81M | USD | 1 Quarter |
| Accrued liabilities |
IncreaseDecreaseInOtherOperatingLiabilities
|
$26.06M | USD | 1 Quarter |
| Cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$61.81M | USD | 1 Quarter |
| Cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$21.17M | USD | 1 Quarter |
| Purchases of property, plant and equipment, net of proceeds |
PaymentsToAcquirePropertyPlantAndEquipment
|
$28.05M | USD | 1 Quarter |
| Purchases of property, plant and equipment, net of proceeds |
PaymentsToAcquirePropertyPlantAndEquipment
|
$11.19M | USD | 1 Quarter |
| Cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-11.19M | 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
|
$4.69M | USD | 1 Quarter |
| Proceeds from revolving credit facility borrowings |
ProceedsFromLinesOfCredit
|
$331.30M | USD | 1 Quarter |
| Proceeds from revolving credit facility borrowings |
ProceedsFromLinesOfCredit
|
$717.00M | USD | 1 Quarter |
| Repayments of revolving credit facility borrowings |
RepaymentsOfLinesOfCredit
|
$717.00M | USD | 1 Quarter |
| Repayments of revolving credit facility borrowings |
RepaymentsOfLinesOfCredit
|
$331.30M | USD | 1 Quarter |
| Net proceeds from stock issuances |
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
$1.05M | USD | 1 Quarter |
| Net proceeds from stock issuances |
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
$4.85M | USD | 1 Quarter |
| Repurchases of common stock |
PaymentsForRepurchaseOfCommonStock
|
$12.52M | USD | 1 Quarter |
| Repurchases of common stock |
PaymentsForRepurchaseOfCommonStock
|
$17.55M | USD | 1 Quarter |
| Cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-16.16M | USD | 1 Quarter |
| Cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-17.39M | USD | 1 Quarter |
| Effect of exchange rate changes |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$84.00K | USD | 1 Quarter |
| Effect of exchange rate changes |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$1.04M | 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, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$35.50M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$430.56M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$480.53M | 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
|
$516.03M | 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
|
$480.53M | 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
|
$516.03M | USD | Point-in-time |
| Interest, net of capitalized interest |
InterestPaidNet
|
$1.10M | USD | 1 Quarter |
| Interest, net of capitalized interest |
InterestPaidNet
|
$4.72M | USD | 1 Quarter |
| Income taxes, net of refunds |
IncomeTaxesPaidNet
|
$4.89M | USD | 1 Quarter |
| Income taxes, net of refunds |
IncomeTaxesPaidNet
|
$5.21M | 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
|
$11.63M | USD | 1 Quarter |
Stockholders Equity
10 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Balance |
StockholdersEquity
|
$1.68B | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$1.63B | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$1.68B | USD | Point-in-time |
| Other comprehensive income (loss) |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$3.27M | USD | 1 Quarter |
| Other comprehensive income (loss) |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$4.26M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$38.34M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$48.02M | USD | 1 Quarter |
| Balance |
StockholdersEquity
|
$1.68B | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$1.63B | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$1.68B | USD | Point-in-time |
Comprehensive Income
16 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$38.34M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$48.02M | USD | 1 Quarter |
| Change in foreign currency translation adjustments |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$1.64M | USD | 1 Quarter |
| Change in foreign currency translation adjustments |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$717.00K | USD | 1 Quarter |
| Change in net unrealized amount |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$3.38M | USD | 1 Quarter |
| Change in net unrealized amount |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$3.36M | USD | 1 Quarter |
| Amount reclassified into net income |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
|
$195.00K | USD | 1 Quarter |
| Amount reclassified into net income |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
|
$1.50M | USD | 1 Quarter |
| Changes in unrecognized net actuarial losses and unrecognized transition costs |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
|
$187.00K | USD | 1 Quarter |
| Changes in unrecognized net actuarial losses and unrecognized transition costs |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
|
$725.00K | USD | 1 Quarter |
| Amortization of actuarial losses and transition costs |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
|
$506.00K | USD | 1 Quarter |
| Amortization of actuarial losses and transition costs |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
|
$544.00K | USD | 1 Quarter |
| Total other comprehensive income |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$3.27M | USD | 1 Quarter |
| Total other comprehensive income |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$4.26M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$51.30M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$42.60M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.