10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000897723-22-000007 |
| Period End Date | 20211231 |
| Filing Date | 20220202 |
| Fiscal Year | 2022 |
| Fiscal Period | Q1 |
| XBRL Instance | sanm-20220101_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
|
$650.03M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$480.53M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$627.72M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$516.03M | USD | Point-in-time |
| Accounts receivable, net of allowances of approximately $7 million as of January 1, 2022 and October 2, 2021 |
AccountsAndOtherReceivablesNetCurrent
|
$1.30B | USD | Point-in-time |
| Accounts receivable, net of allowances of approximately $7 million as of January 1, 2022 and October 2, 2021 |
AccountsAndOtherReceivablesNetCurrent
|
$1.19B | USD | Point-in-time |
| Contract assets |
ContractWithCustomerAssetNetCurrent
|
$348.74M | USD | Point-in-time |
| Contract assets |
ContractWithCustomerAssetNetCurrent
|
$364.41M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$1.24B | USD | Point-in-time |
| Inventories |
InventoryNet
|
$1.04B | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$59.19M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$53.95M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$3.28B | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$3.59B | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$525.16M | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$532.99M | USD | Point-in-time |
| Deferred tax assets |
DeferredIncomeTaxAssetsNet
|
$227.24M | USD | Point-in-time |
| Deferred tax assets |
DeferredIncomeTaxAssetsNet
|
$235.12M | USD | Point-in-time |
| Other |
OtherAssetsNoncurrent
|
$157.53M | USD | Point-in-time |
| Other |
OtherAssetsNoncurrent
|
$156.95M | USD | Point-in-time |
| Total assets |
Assets
|
$4.50B | USD | Point-in-time |
| Total assets |
Assets
|
$4.21B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$1.69B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$1.46B | USD | Point-in-time |
| Accrued liabilities |
OtherLiabilitiesCurrent
|
$161.90M | USD | Point-in-time |
| Accrued liabilities |
OtherLiabilitiesCurrent
|
$236.23M | USD | Point-in-time |
| Accrued payroll and related benefits |
EmployeeRelatedLiabilitiesCurrent
|
$117.65M | USD | Point-in-time |
| Accrued payroll and related benefits |
EmployeeRelatedLiabilitiesCurrent
|
$115.74M | 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
|
$1.76B | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$2.07B | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$311.57M | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$307.16M | USD | Point-in-time |
| Other |
OtherLiabilitiesNoncurrent
|
$253.53M | USD | Point-in-time |
| Other |
OtherLiabilitiesNoncurrent
|
$248.33M | USD | Point-in-time |
| Total long-term liabilities |
LiabilitiesNoncurrent
|
$555.49M | USD | Point-in-time |
| Total long-term liabilities |
LiabilitiesNoncurrent
|
$565.10M | USD | Point-in-time |
| Contingencies (Note 7) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Contingencies (Note 7) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Stockholders' equity |
StockholdersEquity
|
$1.88B | USD | Point-in-time |
| Stockholders' equity |
StockholdersEquity
|
$1.68B | USD | Point-in-time |
| Stockholders' equity |
StockholdersEquity
|
$1.88B | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$4.50B | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$4.21B | USD | Point-in-time |
Income Statement
40 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net sales |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$1.76B | USD | 1 Quarter |
| Net sales |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$1.76B | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$1.61B | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$1.61B | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$144.49M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$141.24M | USD | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$61.48M | USD | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$58.97M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$4.78M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$4.80M | USD | 1 Quarter |
| Restructuring and other |
RestructuringSettlementAndImpairmentProvisions
|
$1.41M | USD | 1 Quarter |
| Restructuring and other |
RestructuringSettlementAndImpairmentProvisions
|
$1.90M | USD | 1 Quarter |
| Gain (Loss) on Disposition of Assets |
GainLossOnDispositionOfAssets1
|
- | USD | 1 Quarter |
| Gain (Loss) on Disposition of Assets |
GainLossOnDispositionOfAssets1
|
$4.61M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$65.68M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$63.06M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$81.43M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$75.56M | USD | 1 Quarter |
| Interest income |
InterestAndOtherIncome
|
$309.00K | USD | 1 Quarter |
| Interest income |
InterestAndOtherIncome
|
$230.00K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$4.88M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$4.95M | USD | 1 Quarter |
| Other income, net |
OtherNonoperatingIncomeExpense
|
$1.87M | USD | 1 Quarter |
| Other income, net |
OtherNonoperatingIncomeExpense
|
$2.07M | USD | 1 Quarter |
| Interest and other, net |
NonoperatingIncomeExpense
|
$-2.50M | USD | 1 Quarter |
| Interest and other, net |
NonoperatingIncomeExpense
|
$-2.86M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$72.70M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$78.94M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$20.30M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$24.68M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$48.02M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$58.63M | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.74 | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.91 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.89 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.72 | USD | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
64.40M | shares | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
65.24M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
66.82M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
66.23M | shares | 1 Quarter |
Cash Flow Statement
62 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$48.02M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$58.63M | USD | 1 Quarter |
| Accounts Receivable, Allowance for Credit Loss, Current |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$7.00M | USD | Point-in-time |
| Accounts Receivable, Allowance for Credit Loss, Current |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$7.00M | USD | Point-in-time |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$27.46M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$27.64M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$8.21M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$9.03M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$6.71M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$3.45M | USD | 1 Quarter |
| Other, net |
OtherOperatingActivitiesCashFlowStatement
|
$-3.64M | USD | 1 Quarter |
| Other, net |
OtherOperatingActivitiesCashFlowStatement
|
$-99.00K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$64.22M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$106.97M | USD | 1 Quarter |
| Contract assets |
IncreaseDecreaseInContractWithCustomerAsset
|
$15.67M | USD | 1 Quarter |
| Contract assets |
IncreaseDecreaseInContractWithCustomerAsset
|
$-46.53M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$207.30M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$-42.28M | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$2.94M | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$9.40M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$234.53M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-66.66M | USD | 1 Quarter |
| Accrued liabilities |
IncreaseDecreaseInOtherOperatingLiabilities
|
$68.45M | USD | 1 Quarter |
| Accrued liabilities |
IncreaseDecreaseInOtherOperatingLiabilities
|
$26.06M | USD | 1 Quarter |
| Cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$68.30M | USD | 1 Quarter |
| Cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$61.81M | USD | 1 Quarter |
| Purchases of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$25.38M | USD | 1 Quarter |
| Purchases of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$11.34M | USD | 1 Quarter |
| Proceeds from Sale of Property, Plant, and Equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$8.01M | USD | 1 Quarter |
| Proceeds from Sale of Property, Plant, and Equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$152.00K | USD | 1 Quarter |
| Cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-11.19M | USD | 1 Quarter |
| Cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-17.36M | USD | 1 Quarter |
| Repayment of Long-term Debt, Long-term Lease Obligation, and Capital Security |
RepaymentsOfLongTermDebtAndCapitalSecurities
|
$4.69M | USD | 1 Quarter |
| Repayment of Long-term Debt, Long-term Lease Obligation, and Capital Security |
RepaymentsOfLongTermDebtAndCapitalSecurities
|
$4.69M | USD | 1 Quarter |
| Proceeds from revolving credit facility borrowings |
ProceedsFromLinesOfCredit
|
$16.00M | USD | 1 Quarter |
| Proceeds from revolving credit facility borrowings |
ProceedsFromLinesOfCredit
|
$331.30M | USD | 1 Quarter |
| Repayments of revolving credit facility borrowings |
RepaymentsOfLinesOfCredit
|
$16.00M | 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
|
$1.05M | USD | 1 Quarter |
| Repurchases of common stock |
PaymentsForRepurchaseOfCommonStock
|
$12.52M | USD | 1 Quarter |
| Repurchases of common stock |
PaymentsForRepurchaseOfCommonStock
|
$68.82M | USD | 1 Quarter |
| Cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-72.46M | USD | 1 Quarter |
| Cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-16.16M | USD | 1 Quarter |
| Effect of exchange rate changes |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$1.04M | USD | 1 Quarter |
| Effect of exchange rate changes |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-786.00K | USD | 1 Quarter |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-22.31M | 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
|
$650.03M | 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
|
$627.72M | 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
|
$650.03M | 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
|
$627.72M | 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
|
$2.48M | USD | 1 Quarter |
| Interest, net of capitalized interest |
InterestPaidNet
|
$1.10M | USD | 1 Quarter |
| Income taxes, net of refunds |
IncomeTaxesPaidNet
|
$5.57M | 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
|
$11.63M | USD | 1 Quarter |
| Unpaid purchases of property, plant and equipment at the end of period |
CapitalExpendituresIncurredButNotYetPaid
|
$17.43M | USD | 1 Quarter |
Stockholders Equity
10 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Balance |
StockholdersEquity
|
$1.88B | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$1.68B | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$1.88B | USD | Point-in-time |
| Other comprehensive income (loss) |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$3.27M | USD | 1 Quarter |
| Other comprehensive income (loss) |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$2.70M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$48.02M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$58.63M | USD | 1 Quarter |
| Balance |
StockholdersEquity
|
$1.88B | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$1.68B | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$1.88B | USD | Point-in-time |
Comprehensive Income
16 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$48.02M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$58.63M | USD | 1 Quarter |
| Change in foreign currency translation adjustments |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$1.64M | USD | 1 Quarter |
| Change in foreign currency translation adjustments |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$-2.05M | USD | 1 Quarter |
| Change in net unrealized amount |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
|
$1.96M | USD | 1 Quarter |
| Change in net unrealized amount |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
|
$3.36M | USD | 1 Quarter |
| Amount reclassified into net income |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
|
$1.50M | USD | 1 Quarter |
| Amount reclassified into net income |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
|
$-2.06M | USD | 1 Quarter |
| Changes in unrecognized net actuarial losses and unrecognized transition costs |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
|
$-478.00K | 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
|
$238.00K | USD | 1 Quarter |
| Total other comprehensive income |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$3.27M | USD | 1 Quarter |
| Total other comprehensive income |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$2.70M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$51.30M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$61.33M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.