Sanmina corporation (SANM)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09
CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES:
Net Income (Loss) Attributable to Parent

4,882

38,345

19,757

42,921

40,885

37,952

782

33,963

24,632

-154,910

25,848

36,404

31,717

44,864

100,805

29,534

30,361

27,138

315,382

24,475

14,748

22,656

132,503

20,721

20,840

23,101

38,801

18,738

21,191

621

164,150

8,948

-1,439

8,575

18,088

9,405

13,065

28,359

31,399

21,563

10,091

59,382

Adjustments to reconcile net income to cash provided by (used in) operating activities:
Depreciation and amortization

28,042

28,735

28,508

29,561

29,088

29,792

29,686

29,632

29,879

29,623

31,231

29,271

29,277

28,972

29,682

28,785

27,692

25,751

26,378

24,658

24,875

24,656

24,617

24,541

25,159

23,360

23,428

23,632

24,131

24,830

24,403

24,563

25,017

25,494

29,203

25,371

24,866

25,131

25,008

21,894

21,319

21,352

Stock-based compensation expense

7,783

6,906

10,266

8,136

6,626

5,816

4,127

9,761

10,295

8,642

11,012

7,289

7,642

11,977

8,948

5,422

8,485

4,052

5,175

4,273

5,488

5,717

5,519

4,238

4,757

4,275

4,148

4,368

4,342

4,666

4,879

4,527

4,529

4,064

4,002

6,970

4,237

3,687

2,796

2,367

5,352

4,652

Provision for (benefit from) doubtful accounts, product returns and other net sales adjustments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

964

-591

-539

-328

339

-622

286

477

-266

-415

-622

-1,252

-478

348

195

-62

2,896

-1,211

1,948

Deferred income taxes

-1,053

3,005

27,486

3,772

11,827

11,583

-469

8,962

1,925

163,173

7,212

16,936

12,267

1,477

-49,151

10,698

9,298

12,326

-267,250

5,438

8,799

10,739

-87,490

8,123

9,459

872

-7,825

1,171

-1,341

-360

-157,736

546

-566

1,965

-909

-777

-411

-66

4,486

-821

-173

0

Gain on sales of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

339

285

799

163

281

275

18,896

4,107

36

1,920

-176

0

-

-

-

-

-

-

-

-

Impairment of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

4,235

822

1,024

1,053

365

0

0

85

-

-

-

-

Loss on extinguishments of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,586

-8,192

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from dedesignation of interest rate swap

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

14,903

0

0

0

0

-

-

-

-

-

-

-

-

Gain on disposals of property, plant and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,440

-398

-1,627

-

-

0

0

Other, net

890

-322

3,580

-1,948

234

353

2,658

-207

-544

-130

4,647

-215

-888

644

1,234

375

-1,292

1,270

-2,600

-853

-694

4,427

-2,516

-107

205

-3

111

48

96

29

71

287

230

-669

-192

356

-191

-330

-1,680

1,275

1,225

-3,150

Changes in operating assets and liabilities:
Accounts receivable

-142,545

-65,449

-105,752

-78,936

-31,233

160,974

24,081

67,962

-34,123

11,156

73,391

63,800

-23,968

22,849

-24,873

1,042

66,592

-5,848

-48

12,421

-48,643

-3,937

7,974

19,263

37,303

-28,771

44,195

29,528

-26,538

-104,025

-16,238

89,181

-3,073

-82,766

-26,010

75,851

-40,369

-15,533

89,915

88,147

69,428

84,689

Contract assets

-14,576

25,560

9,007

-14,412

-17,779

43,998

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventories

42,024

-57,357

-13,340

-91,484

-47,267

30,708

187,132

66,865

41,878

28,293

3,885

27,245

54,032

19,306

32,856

-9,637

-6,325

-22,508

26,684

15,290

-45,284

17,036

16,341

53,488

7,253

4,156

-15,452

-620

18,476

-46,738

-1,330

-33,028

-42,215

13,208

7,565

64,961

-14,285

-11,438

-14,092

19,255

38,412

16,554

Prepaid expenses and other assets

-9,315

-2,372

-7,874

-1,708

2,597

-3,033

-7,438

-7,846

11,590

-4,103

-1,391

-8,085

-1,213

-1,614

217

-6,780

6,924

-429

-2,100

-1,375

-4,848

-2,794

1,165

11,294

-3,520

5,576

1,419

7,547

-10,105

-11,019

-24,956

26,964

-10,198

-1,242

14,220

1,465

-10,869

5,259

3,120

3,070

-10,656

2,837

Accounts payable

-45,871

-139,304

-9,867

-87,617

-82,192

-2,845

181,351

121,537

-40,771

6,304

17,765

66,931

6,561

39,391

16,436

-289

91,603

-12,557

-63,933

61,321

-59,075

-55,212

57,527

151,483

2,461

-37,135

60,026

38,302

22,728

-98,749

32,744

66,198

-22,925

-124,429

29,139

107,883

12,706

-78,480

-25,537

16,947

56,777

45,614

Accrued liabilities

8,234

-15,812

-7,492

-15,899

5,588

71,560

15,574

-14,910

19,612

-8,916

27,462

-14,635

30,996

-32,857

3,580

-8,427

43,693

-24,105

10,050

19,698

-23,191

-8,847

796

17,916

-11,946

5,436

1,129

16,221

-8,610

-6,817

-880

22,795

-7,604

518

-3,557

29,967

-12,633

-1,195

-

-

-

-

Accrued liabilities and other long-term liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-28,895

-12,689

Cash provided by operating activities

135,728

21,171

190,197

165,466

105,738

-78,436

60,544

61,757

25,683

8,440

49,292

59,021

88,721

53,927

103,334

81,473

142,649

62,660

-1,334

112,674

69,725

-6,169

108,889

151,741

8,509

38,243

90,047

66,089

64,669

97,084

121,071

47,619

59,974

-13,251

79,047

51,322

106,798

-2,259

-33,898

-25,266

-32,199

13,029

CASH FLOWS PROVIDED BY (USED IN) INVESTING ACTIVITIES:
Purchases of property, plant and equipment

16,622

28,466

32,649

29,063

35,796

37,166

21,413

26,437

22,498

48,533

25,032

31,519

33,615

21,667

35,925

26,462

29,103

28,910

42,858

24,922

22,609

28,708

22,083

12,302

21,515

13,607

22,405

10,032

16,122

27,391

22,555

15,421

16,396

24,259

24,774

28,040

21,541

33,219

37,277

8,475

22,491

13,173

Proceeds from sales of property, plant and equipment

212

420

3,475

2,918

564

575

774

3,790

16

142

0

108

245

3,582

552

3,856

130

202

15,499

8,238

5,892

932

367

322

5,168

164

4,106

224

20,201

8,549

115

2,196

2,517

0

313

15,406

3,186

5,161

38

30,030

451

328

Cash paid for business combinations, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,353

26,800

-3,599

57,660

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid in connection with previous business combinations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

8,509

-

-

-

1,696

Cash used in investing activities

-16,410

-28,046

-29,174

-26,644

-35,232

-36,591

-20,639

-22,647

-24,501

-48,391

-25,032

-31,411

-33,370

-18,085

-35,373

-22,606

-87,851

-28,708

-41,246

-16,684

-16,717

-27,776

-19,259

-38,780

-12,748

-71,103

-18,299

-9,808

4,079

-18,842

-20,945

-16,895

-15,928

-24,259

-24,402

-18,781

-18,355

-36,567

-36,289

9,172

-22,637

-14,541

CASH FLOWS PROVIDED BY (USED IN) FINANCING ACTIVITIES:
Repayments of long-term debt

20,298

4,688

0

378,416

0

0

-

-

-

-

-

-

-

-

-

-

-

-

15,328

3,416

0

105,250

142,704

279,634

0

0

-

-

-

-

-

-

-

-

-

-

-

-

0

44,167

0

175,700

Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,490

10

1,960

1,300

720

840

1,510

2,030

1,290

-3,070

11,710

2,927

-11,918

-1,674

-716

3,500

Proceeds from short-term borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,893

10,804

33,684

21,447

20,172

77,281

45,363

62,640

29,995

0

32,000

12,000

17,100

13,100

5,400

26,400

-

-

-

-

Repayments of short-term borrowings (1)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

10,221

23,142

21,016

21,824

19,926

76,736

68,632

37,788

59,995

0

0

61,100

13,100

17,300

14,600

-3,100

38,000

-

-

-

-

Proceeds from revolving credit facility borrowings

1,192,000

717,000

660,800

981,300

1,198,400

1,043,825

1,025,400

989,900

1,126,300

899,000

524,100

162,070

38,200

208,400

560,400

792,350

839,200

770,500

875,200

732,200

468,000

617,500

8,000

167,000

208,000

185,000

38,000

659,000

357,520

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of revolving credit facility borrowings

542,000

717,000

781,800

1,110,300

1,278,400

928,825

1,043,400

997,900

1,051,300

818,000

439,100

162,070

38,200

233,400

615,400

827,350

810,200

794,500

770,200

767,200

488,000

557,500

8,000

217,000

218,000

125,000

73,000

724,000

257,520

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from (repayments of) short-term borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

50,600

0

0

Debt issuance costs

0

0

0

724

0

2,003

-1,701

0

1,701

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from stock issuances

320

4,852

820

3,380

5,771

3,568

517

451

913

2,526

1,378

3,060

12,048

10,643

3,348

9,121

1,442

4,310

1,016

1,350

5,668

10,690

7,253

5,636

2,842

1,128

4,922

4,713

1,143

833

600

293

1,608

94

378

1,084

2,426

715

1,306

410

2,105

0

Proceeds from terminations of interest rate swaps

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

3,258

0

16,492

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchases of common stock

64,483

17,550

0

604

168

11,842

7,463

29,623

75,054

45,485

139,351

23,970

0

13,623

27,806

10,480

75,266

28,694

51,985

47,795

22,982

0

24,972

6,155

19,487

25,623

0

0

115

1,410

305

0

0

0

-

-

-

-

-

-

-

-

Holdback payment for a prior business combination

-

-

-

-

-

-

-

-

-

-

-

0

0

2,262

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash provided by financing activities

565,539

-17,386

-120,180

-130,364

-74,397

104,723

-24,946

-40,588

-842

38,041

-52,973

-24,326

-27,952

-30,242

-79,458

-57,789

-45,790

-48,384

38,703

-86,627

-37,314

-41,523

-175,392

47,224

-11,885

37,026

-84,152

-51,628

-146,847

3,368

-83,533

-101,575

-182,729

1,024

1,447

-105,079

22,636

-7,958

3,029

5,169

1,389

-172,200

Effect of exchange rate changes

-836

84

-375

321

95

66

-208

978

23

163

-126

-311

-112

1,352

165

1,223

-136

626

-341

-609

874

10

356

1,206

-305

10

-1,115

-201

-652

-535

-1,837

1,294

-1,367

667

1,380

609

-4,853

2,491

-4,599

2,532

-1,086

2,056

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect

684,021

-24,177

40,468

8,779

-3,796

-10,238

14,751

-500

363

-1,747

-28,839

2,973

27,287

6,952

-11,332

2,301

8,872

-13,806

-4,218

8,754

16,568

-75,458

-85,406

161,391

-16,429

4,176

-13,519

4,452

-78,751

81,075

14,756

-69,557

-140,050

-35,819

57,472

-71,929

106,226

-44,293

-71,757

-8,393

-54,533

-171,656

Cash paid during the period for:
Interest, net of capitalized interest

3,682

4,725

4,852

11,702

2,694

10,895

2,171

10,205

1,428

12,352

544

8,369

527

8,543

1,049

10,239

1,071

8,957

567

8,713

416

9,050

2,802

9,973

9,463

9,259

10,175

10,003

10,604

11,402

16,431

12,129

27,900

11,534

27,837

14,456

42,948

5,853

43,243

5,851

43,245

5,448

Income taxes, net of refunds

8,483

4,888

8,365

10,530

8,314

4,923

7,385

12,065

8,094

7,275

3,079

7,539

4,206

5,593

8,482

4,504

7,017

9,339

4,787

8,757

27,746

3,461

8,779

8,002

9,215

3,075

4,589

4,137

4,481

4,935

2,347

3,486

2,790

4,100

4,466

2,517

4,274

1,069

-2,048

10,768

15,927

5,091

Unpaid purchases of property, plant and equipment at the end of period

-6,405

15,782

-2,739

-1,762

-10,130

41,910

17,017

4,390

4,135

24,004

5,827

14,505

-4,516

34,015

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-