10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000897723-24-000009 |
| Period End Date | 20231231 |
| Filing Date | 20240131 |
| Fiscal Year | 2024 |
| Fiscal Period | Q1 |
| XBRL Instance | sanm-20231230_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
43 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$667.57M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$631.59M | USD | Point-in-time |
| Accounts and Other Receivables, Net, Current |
AccountsAndOtherReceivablesNetCurrent
|
$1.10B | USD | Point-in-time |
| Accounts and Other Receivables, Net, Current |
AccountsAndOtherReceivablesNetCurrent
|
$1.23B | USD | Point-in-time |
| Contract assets |
ContractWithCustomerAssetNetCurrent
|
$444.54M | USD | Point-in-time |
| Contract assets |
ContractWithCustomerAssetNetCurrent
|
$445.76M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$1.39B | USD | Point-in-time |
| Inventories |
InventoryNet
|
$1.48B | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$60.50M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$58.25M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$3.88B | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$3.63B | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$634.91M | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$632.84M | USD | Point-in-time |
| Deferred income tax assets |
DeferredIncomeTaxAssetsNet
|
$177.60M | USD | Point-in-time |
| Deferred income tax assets |
DeferredIncomeTaxAssetsNet
|
$173.46M | USD | Point-in-time |
| Other |
OtherAssetsNoncurrent
|
$183.97M | USD | Point-in-time |
| Other |
OtherAssetsNoncurrent
|
$178.35M | USD | Point-in-time |
| Total assets |
Assets
|
$4.62B | USD | Point-in-time |
| Total assets |
Assets
|
$4.87B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$1.61B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$1.42B | USD | Point-in-time |
| Accrued liabilities |
OtherLiabilitiesCurrent
|
$267.15M | USD | Point-in-time |
| Accrued liabilities |
OtherLiabilitiesCurrent
|
$250.47M | USD | Point-in-time |
| Accrued payroll and related benefits |
EmployeeRelatedLiabilitiesCurrent
|
$131.92M | USD | Point-in-time |
| Accrued payroll and related benefits |
EmployeeRelatedLiabilitiesCurrent
|
$127.41M | USD | Point-in-time |
| Short-term debt, including current portion of long-term debt |
DebtCurrent
|
$25.95M | USD | Point-in-time |
| Short-term debt, including current portion of long-term debt |
DebtCurrent
|
$17.50M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$2.03B | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$1.82B | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$312.33M | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$308.11M | USD | Point-in-time |
| Other |
OtherLiabilitiesNoncurrent
|
$209.68M | USD | Point-in-time |
| Other |
OtherLiabilitiesNoncurrent
|
$214.14M | USD | Point-in-time |
| Total long-term liabilities |
LiabilitiesNoncurrent
|
$522.01M | USD | Point-in-time |
| Total long-term liabilities |
LiabilitiesNoncurrent
|
$522.24M | USD | Point-in-time |
| Commitments and Contingencies (Note 7) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and Contingencies (Note 7) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Stockholders equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.32B | USD | Point-in-time |
| Stockholders equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.27B | USD | Point-in-time |
| Stockholders equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.14B | USD | Point-in-time |
| Total liabilities and stockholders equity |
LiabilitiesAndStockholdersEquity
|
$4.87B | USD | Point-in-time |
| Total liabilities and stockholders equity |
LiabilitiesAndStockholdersEquity
|
$4.62B | USD | Point-in-time |
Income Statement
42 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net sales |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$2.36B | USD | 1 Quarter |
| Net sales |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$1.87B | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$1.71B | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$2.16B | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$160.84M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$195.39M | USD | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$60.73M | USD | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$64.78M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$6.29M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$5.60M | USD | 1 Quarter |
| Restructuring |
RestructuringSettlementAndImpairmentProvisions
|
$2.19M | USD | 1 Quarter |
| Restructuring |
RestructuringSettlementAndImpairmentProvisions
|
$631.00K | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$66.96M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$73.26M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$87.58M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$128.43M | USD | 1 Quarter |
| Interest income |
InterestAndOtherIncome
|
$3.66M | USD | 1 Quarter |
| Interest income |
InterestAndOtherIncome
|
$2.93M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$8.68M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$8.41M | USD | 1 Quarter |
| Other expense |
OtherNonoperatingIncomeExpense
|
$-6.71M | USD | 1 Quarter |
| Other expense |
OtherNonoperatingIncomeExpense
|
$-1.13M | USD | 1 Quarter |
| Interest and other, net |
NonoperatingIncomeExpense
|
$-5.89M | USD | 1 Quarter |
| Interest and other, net |
NonoperatingIncomeExpense
|
$-12.46M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$81.69M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$115.97M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$21.32M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$20.85M | USD | 1 Quarter |
| Net income before noncontrolling interest |
ProfitLoss
|
$60.36M | USD | 1 Quarter |
| Net income before noncontrolling interest |
ProfitLoss
|
$95.11M | USD | 1 Quarter |
| Less: Net income attributable to noncontrolling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$3.30M | USD | 1 Quarter |
| Less: Net income attributable to noncontrolling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$3.10M | USD | 1 Quarter |
| Net income attributable to common shareholders |
NetIncomeLoss
|
$57.07M | USD | 1 Quarter |
| Net income attributable to common shareholders |
NetIncomeLoss
|
$92.01M | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$1.01 | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$1.59 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.98 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$1.54 | USD | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
57.73M | shares | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
56.54M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
58.24M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
59.87M | shares | 1 Quarter |
Cash Flow Statement
64 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income before noncontrolling interest |
ProfitLoss
|
$60.36M | USD | 1 Quarter |
| Net income before noncontrolling interest |
ProfitLoss
|
$95.11M | USD | 1 Quarter |
| Accounts Receivable, Allowance for Credit Loss, Current |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$8.00M | USD | Point-in-time |
| Accounts Receivable, Allowance for Credit Loss, Current |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$8.00M | USD | Point-in-time |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$28.54M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$30.73M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$12.59M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$11.61M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$9.43M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$6.08M | USD | 1 Quarter |
| Other, net |
OtherOperatingActivitiesCashFlowStatement
|
$-311.00K | USD | 1 Quarter |
| Other, net |
OtherOperatingActivitiesCashFlowStatement
|
$-480.00K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-131.24M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$166.33M | USD | 1 Quarter |
| Contract assets |
IncreaseDecreaseInContractWithCustomerAsset
|
$8.75M | USD | 1 Quarter |
| Contract assets |
IncreaseDecreaseInContractWithCustomerAsset
|
$-1.21M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$-87.21M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$11.96M | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-8.28M | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$27.66M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-189.58M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$89.36M | USD | 1 Quarter |
| Accrued liabilities |
IncreaseDecreaseInOtherOperatingLiabilities
|
$18.19M | USD | 1 Quarter |
| Accrued liabilities |
IncreaseDecreaseInOtherOperatingLiabilities
|
$-21.61M | USD | 1 Quarter |
| Cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$126.03M | USD | 1 Quarter |
| Cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$37.22M | USD | 1 Quarter |
| Purchases of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$37.06M | USD | 1 Quarter |
| Purchases of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$34.22M | USD | 1 Quarter |
| Other, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$600.00K | USD | 1 Quarter |
| Other, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$270.00K | USD | 1 Quarter |
| Cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-34.82M | USD | 1 Quarter |
| Cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-37.33M | USD | 1 Quarter |
| Repayments of borrowings |
RepaymentsOfDebt
|
$12.82M | USD | 1 Quarter |
| Repayments of borrowings |
RepaymentsOfDebt
|
$4.38M | USD | 1 Quarter |
| Proceeds from revolving credit facility borrowings |
ProceedsFromLinesOfCredit
|
$752.20M | USD | 1 Quarter |
| Proceeds from revolving credit facility borrowings |
ProceedsFromLinesOfCredit
|
$737.20M | USD | 1 Quarter |
| Repayments of revolving credit facility borrowings |
RepaymentsOfLinesOfCredit
|
$737.20M | USD | 1 Quarter |
| Repayments of revolving credit facility borrowings |
RepaymentsOfLinesOfCredit
|
$752.20M | USD | 1 Quarter |
| Net proceeds from stock issuances |
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
$173.00K | USD | 1 Quarter |
| Net proceeds from stock issuances |
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
$147.00K | USD | 1 Quarter |
| Repayments of borrowings |
RepurchasesOfCommonStockIncludingExciseTax
|
$115.77M | USD | 1 Quarter |
| Repurchases of common stock |
PaymentsForRepurchaseOfCommonStock
|
$8.01M | USD | 1 Quarter |
| Proceeds from sale of noncontrolling interest |
ProceedsFromSaleOfNoncontrollingInterest
|
- | USD | 1 Quarter |
| Proceeds from sale of noncontrolling interest |
ProceedsFromSaleOfNoncontrollingInterest
|
$215.80M | USD | 1 Quarter |
| Cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$203.59M | USD | 1 Quarter |
| Cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-128.44M | USD | 1 Quarter |
| Effect of exchange rate changes |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.98M | USD | 1 Quarter |
| Effect of exchange rate changes |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.25M | USD | 1 Quarter |
| Increase (decrease) in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$205.46M | USD | 1 Quarter |
| Increase (decrease) in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-35.98M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$735.31M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$529.86M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$631.59M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$667.57M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$735.31M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$529.86M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$631.59M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$667.57M | USD | Point-in-time |
| Interest, net of capitalized interest |
InterestPaidNet
|
$7.54M | USD | 1 Quarter |
| Interest, net of capitalized interest |
InterestPaidNet
|
$6.77M | USD | 1 Quarter |
| Income taxes, net of refunds |
IncomeTaxesPaidNet
|
$20.12M | USD | 1 Quarter |
| Income taxes, net of refunds |
IncomeTaxesPaidNet
|
$9.51M | USD | 1 Quarter |
| Unpaid purchases of property, plant and equipment at the end of period |
CapitalExpendituresIncurredButNotYetPaid
|
$19.40M | USD | 1 Quarter |
| Unpaid purchases of property, plant and equipment at the end of period |
CapitalExpendituresIncurredButNotYetPaid
|
$43.65M | USD | 1 Quarter |
Stockholders Equity
9 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Total other comprehensive income (loss), net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$-3.34M | USD | 1 Quarter |
| Total other comprehensive income (loss), net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$6.95M | USD | 1 Quarter |
| Net income attributable to common shareholders |
NetIncomeLoss
|
$57.07M | USD | 1 Quarter |
| Net income attributable to common shareholders |
NetIncomeLoss
|
$92.01M | USD | 1 Quarter |
| Less: Net income attributable to noncontrolling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$3.10M | USD | 1 Quarter |
| Less: Net income attributable to noncontrolling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$3.30M | USD | 1 Quarter |
| Stockholders equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.32B | USD | Point-in-time |
| Stockholders equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.27B | USD | Point-in-time |
| Stockholders equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.14B | USD | Point-in-time |
Comprehensive Income
20 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income before noncontrolling interest |
ProfitLoss
|
$60.36M | USD | 1 Quarter |
| Net income before noncontrolling interest |
ProfitLoss
|
$95.11M | USD | 1 Quarter |
| Change in foreign currency translation adjustments |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$3.49M | USD | 1 Quarter |
| Change in foreign currency translation adjustments |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$6.18M | USD | 1 Quarter |
| Change in net unrealized amount |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
|
$-4.22M | USD | 1 Quarter |
| Change in net unrealized amount |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
|
$4.47M | USD | 1 Quarter |
| Amount reclassified into net income before noncontrolling interest |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
|
$2.59M | USD | 1 Quarter |
| Amount reclassified into net income before noncontrolling interest |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
|
$3.30M | USD | 1 Quarter |
| Changes in unrecognized net actuarial losses and unrecognized transition costs |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
|
$-106.00K | USD | 1 Quarter |
| Changes in unrecognized net actuarial losses and unrecognized transition costs |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
|
$751.00K | USD | 1 Quarter |
| Amortization of actuarial losses and transition costs |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
|
$345.00K | USD | 1 Quarter |
| Amortization of actuarial losses and transition costs |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
|
$-125.00K | USD | 1 Quarter |
| Total other comprehensive income (loss), net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$-3.34M | USD | 1 Quarter |
| Total other comprehensive income (loss), net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$6.95M | USD | 1 Quarter |
| Comprehensive income before noncontrolling interest |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$57.02M | USD | 1 Quarter |
| Comprehensive income before noncontrolling interest |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$102.06M | USD | 1 Quarter |
| Less: Net income attributable to noncontrolling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$3.10M | USD | 1 Quarter |
| Less: Net income attributable to noncontrolling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$3.30M | USD | 1 Quarter |
| Comprehensive income attributable to common shareholders |
ComprehensiveIncomeNetOfTax
|
$53.73M | USD | 1 Quarter |
| Comprehensive income attributable to common shareholders |
ComprehensiveIncomeNetOfTax
|
$98.96M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.