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10-Q/A Filing

SANMINA CORP CIK: 897723 Q1 2023
Filing Information
Form Type 10-Q/A
Accession Number 0001104659-23-062829
Period End Date 20221231
Filing Date 20230522
Fiscal Year 2023
Fiscal Period Q1
XBRL Instance sanm-20221231x10qa_htm.xml
Balance Sheet 48 line items
Line Item Tag Value Unit Period
Accounts receivable, net of allowances AllowanceForDoubtfulAccountsReceivableCurrent $8.00M USD Point-in-time
Accounts receivable, net of allowances AllowanceForDoubtfulAccountsReceivableCurrent $8.00M USD Point-in-time
Stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.85B USD Point-in-time
Stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.82B USD Point-in-time
Stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.14B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $735.31M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $529.86M USD Point-in-time
Accounts receivable, net of allowances of approximately $8 million as of December 31, 2022 and October 1, 2022 AccountsAndOtherReceivablesNetCurrent $1.31B USD Point-in-time
Accounts receivable, net of allowances of approximately $8 million as of December 31, 2022 and October 1, 2022 AccountsAndOtherReceivablesNetCurrent $1.14B USD Point-in-time
Contract assets ContractWithCustomerAssetNetCurrent $475.72M USD Point-in-time
Contract assets ContractWithCustomerAssetNetCurrent $484.47M USD Point-in-time
Inventories InventoryNet $1.70B USD Point-in-time
Inventories InventoryNet $1.68B USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $80.67M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $62.04M USD Point-in-time
Total current assets AssetsCurrent $3.89B USD Point-in-time
Total current assets AssetsCurrent $4.31B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $591.15M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $575.17M USD Point-in-time
Deferred tax assets DeferredIncomeTaxAssetsNet $199.62M USD Point-in-time
Deferred tax assets DeferredIncomeTaxAssetsNet $209.55M USD Point-in-time
Other OtherAssetsNoncurrent $171.89M USD Point-in-time
Other OtherAssetsNoncurrent $160.19M USD Point-in-time
Total assets Assets $5.27B USD Point-in-time
Total assets Assets $4.84B USD Point-in-time
Accounts payable AccountsPayableCurrent $2.04B USD Point-in-time
Accounts payable AccountsPayableCurrent $2.14B USD Point-in-time
Accrued liabilities OtherLiabilitiesCurrent $295.28M USD Point-in-time
Accrued liabilities OtherLiabilitiesCurrent $281.60M USD Point-in-time
Accrued payroll and related benefits EmployeeRelatedLiabilitiesCurrent $130.89M USD Point-in-time
Accrued payroll and related benefits EmployeeRelatedLiabilitiesCurrent $135.88M USD Point-in-time
Short-term debt, including current portion of long-term debt DebtCurrent $17.50M 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 $2.59B USD Point-in-time
Total current liabilities LiabilitiesCurrent $2.47B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $329.24M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $325.01M USD Point-in-time
Other OtherLiabilitiesNoncurrent $215.33M USD Point-in-time
Other OtherLiabilitiesNoncurrent $223.38M USD Point-in-time
Total long-term liabilities LiabilitiesNoncurrent $544.57M USD Point-in-time
Total long-term liabilities LiabilitiesNoncurrent $548.38M USD Point-in-time
Contingencies CommitmentsAndContingencies - USD Point-in-time
Contingencies CommitmentsAndContingencies - USD Point-in-time
Stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.85B USD Point-in-time
Stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.82B USD Point-in-time
Stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.14B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $5.27B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $4.84B USD Point-in-time
Income Statement 44 line items
Line Item Tag Value Unit Period
Net sales RevenueFromContractWithCustomerExcludingAssessedTax $1.76B USD 1 Quarter
Net sales RevenueFromContractWithCustomerExcludingAssessedTax $2.36B USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $2.16B USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $1.62B USD 1 Quarter
Gross profit GrossProfit $141.30M USD 1 Quarter
Gross profit GrossProfit $195.39M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $61.48M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $60.73M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $5.60M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $4.78M USD 1 Quarter
Restructuring and other RestructuringSettlementAndImpairmentProvisions $631.00K USD 1 Quarter
Restructuring and other RestructuringSettlementAndImpairmentProvisions $1.41M USD 1 Quarter
Gain on sale of long-lived assets GainLossOnDispositionOfAssets1 - USD 1 Quarter
Gain on sale of long-lived assets GainLossOnDispositionOfAssets1 $4.61M USD 1 Quarter
Total operating expenses OperatingExpenses $63.06M USD 1 Quarter
Total operating expenses OperatingExpenses $66.96M USD 1 Quarter
Operating income OperatingIncomeLoss $128.43M USD 1 Quarter
Operating income OperatingIncomeLoss $78.24M USD 1 Quarter
Interest income InterestAndOtherIncome $309.00K USD 1 Quarter
Interest income InterestAndOtherIncome $2.93M USD 1 Quarter
Interest expense InterestExpense $8.68M USD 1 Quarter
Interest expense InterestExpense $4.88M USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $2.07M USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $-6.71M USD 1 Quarter
Interest and other, net NonoperatingIncomeExpense $-12.46M USD 1 Quarter
Interest and other, net NonoperatingIncomeExpense $-2.50M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $115.97M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $75.75M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $19.57M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $20.85M USD 1 Quarter
Net income before noncontrolling interest ProfitLoss $56.18M USD 1 Quarter
Net income before noncontrolling interest ProfitLoss $95.11M USD 1 Quarter
Net income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest - USD 1 Quarter
Net income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $3.10M USD 1 Quarter
Net income attributable to common shareholders NetIncomeLoss $56.18M USD 1 Quarter
Net income attributable to common shareholders NetIncomeLoss $92.01M USD 1 Quarter
Basic EarningsPerShareBasic $1.59 USD 1 Quarter
Basic EarningsPerShareBasic $0.87 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.85 USD 1 Quarter
Diluted EarningsPerShareDiluted $1.54 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 64.40M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 57.73M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 66.23M 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 $95.11M USD 1 Quarter
Net income before noncontrolling interest ProfitLoss $56.18M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $28.54M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $27.46M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $11.61M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $9.03M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $9.43M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $6.06M USD 1 Quarter
Other, net OtherOperatingActivitiesCashFlowStatement $-3.64M USD 1 Quarter
Other, net OtherOperatingActivitiesCashFlowStatement $-311.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $166.33M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $106.66M USD 1 Quarter
Contract assets IncreaseDecreaseInContractWithCustomerAsset $15.39M USD 1 Quarter
Contract assets IncreaseDecreaseInContractWithCustomerAsset $8.75M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $11.96M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $213.28M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $2.94M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $27.66M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $240.59M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $89.36M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInOtherOperatingLiabilities $70.88M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInOtherOperatingLiabilities $18.19M USD 1 Quarter
Cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $37.22M USD 1 Quarter
Cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $68.30M USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $37.06M USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $25.38M 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 $530.00K USD 1 Quarter
Purchases of investments PaymentsForProceedsFromInvestments - USD 1 Quarter
Purchases of investments PaymentsForProceedsFromInvestments $800.00K USD 1 Quarter
Cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-37.33M USD 1 Quarter
Cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-17.36M USD 1 Quarter
Repayments of long-term debt RepaymentsOfLongTermDebtAndCapitalSecurities $4.38M USD 1 Quarter
Repayments of long-term debt RepaymentsOfLongTermDebtAndCapitalSecurities $4.69M USD 1 Quarter
Proceeds from revolving credit facility borrowings ProceedsFromLinesOfCredit $737.20M USD 1 Quarter
Proceeds from revolving credit facility borrowings ProceedsFromLinesOfCredit $16.00M USD 1 Quarter
Repayments of revolving credit facility borrowings RepaymentsOfLinesOfCredit $16.00M USD 1 Quarter
Repayments of revolving credit facility borrowings RepaymentsOfLinesOfCredit $737.20M USD 1 Quarter
Net proceeds from stock issuances ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $1.05M USD 1 Quarter
Net proceeds from stock issuances ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $173.00K USD 1 Quarter
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $68.82M USD 1 Quarter
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $8.01M USD 1 Quarter
Proceeds from sale of noncontrolling interest ProceedsFromSaleOfNoncontrollingInterest $215.80M USD 1 Quarter
Proceeds from sale of noncontrolling interest ProceedsFromSaleOfNoncontrollingInterest - USD 1 Quarter
Cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $203.59M USD 1 Quarter
Cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-72.46M USD 1 Quarter
Effect of exchange rate changes EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.98M USD 1 Quarter
Effect of exchange rate changes EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-786.00K USD 1 Quarter
Increase (decrease) in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-22.31M USD 1 Quarter
Increase (decrease) in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $205.46M USD 1 Quarter
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $529.86M USD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $627.72M USD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $735.31M USD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $650.03M 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 $627.72M 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 $650.03M USD Point-in-time
Interest, net of capitalized interest InterestPaidNet $6.77M USD 1 Quarter
Interest, net of capitalized interest InterestPaidNet $2.48M USD 1 Quarter
Income taxes, net of refunds IncomeTaxesPaidNet $9.51M USD 1 Quarter
Income taxes, net of refunds IncomeTaxesPaidNet $5.57M USD 1 Quarter
Unpaid purchases of property, plant and equipment at the end of period CapitalExpendituresIncurredButNotYetPaid $43.65M USD 1 Quarter
Unpaid purchases of property, plant and equipment at the end of period CapitalExpendituresIncurredButNotYetPaid $17.43M USD 1 Quarter
Stockholders Equity 7 line items
Line Item Tag Value Unit Period
Net income attributable to common shareholders NetIncomeLoss $56.18M USD 1 Quarter
Net income attributable to common shareholders NetIncomeLoss $92.01M USD 1 Quarter
Net income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $3.10M USD 1 Quarter
Net income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest - USD 1 Quarter
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.85B USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.82B USD Point-in-time
Total 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 $95.11M USD 1 Quarter
Net income before noncontrolling interest ProfitLoss $56.18M USD 1 Quarter
Change in foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-2.05M USD 1 Quarter
Change in foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $6.18M USD 1 Quarter
Change in net unrealized amount OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $4.47M USD 1 Quarter
Change in net unrealized amount OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $1.96M USD 1 Quarter
Amount reclassified into net income before noncontrollling interest OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax $3.30M USD 1 Quarter
Amount reclassified into net income before noncontrollling interest 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 $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 $238.00K USD 1 Quarter
Total other comprehensive income OtherComprehensiveIncomeLossNetOfTax $6.95M USD 1 Quarter
Total other comprehensive income OtherComprehensiveIncomeLossNetOfTax $2.70M USD 1 Quarter
Comprehensive income before noncontrolling interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $58.87M USD 1 Quarter
Comprehensive income before noncontrolling interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $102.06M USD 1 Quarter
Net income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $3.10M USD 1 Quarter
Net income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest - USD 1 Quarter
Comprehensive income attributable to common shareholders ComprehensiveIncomeNetOfTax $98.96M USD 1 Quarter
Comprehensive income attributable to common shareholders ComprehensiveIncomeNetOfTax $58.87M USD 1 Quarter

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

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