Super Micro Computer, Inc. SMCI Income Statement

Super micro computer, inc. (SMCI)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10
Revenue from Contract with Customer, Excluding Assessed Tax
772,408	870,943	799,804	854,234	743,499	931,509	971,118	981,662	835,110	826,983	716,737	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net sales (1)
-	-	-	-	-	-	-	-	-	-	-	-	614,798	663,200	528,763	531,215	513,468	641,235	539,104	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net sales (including related party sales of $4,069 and $4,413 in the three months ended March 31, 2017 and 2016, respectively, and $14,414 and $12,125 in the nine months ended March 31, 2017 and 2016, respectively)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	471,225	503,014	443,322	428,069	373,755	356,362	309,016	322,333	278,034	291,487	270,707	275,896	240,178	249,915	247,885	260,303	234,288	240,813	207,178
Cost of sales (including related party purchases of $60,387 and $62,624 in the three months ended March 31, 2020 and 2019, respectively, and $200,753 and $215,331 in the nine months ended March 31, 2020 and 2019, respectively)
639,048	732,539	668,875	722,200	631,172	803,587	847,879	849,333	729,193	721,289	630,683	592,235	529,461	567,064	446,211	460,359	434,485	538,048	461,629	460,673	394,405	418,562	374,129	361,672	316,491	301,270	262,224	276,310	239,141	251,365	235,692	233,448	199,449	207,301	208,259	220,271	196,432	200,634	174,141
Gross profit
133,360	138,404	130,929	132,034	112,327	127,922	123,239	132,329	105,917	105,694	86,054	85,933	85,337	96,136	82,552	70,856	78,983	103,187	77,475	76,119	76,820	84,452	69,193	66,397	57,264	55,092	46,792	46,023	38,893	40,122	35,015	42,448	40,729	42,614	39,626	40,032	37,856	40,179	33,037
Operating expenses:
Research and development
49,586	55,572	49,572	46,189	44,800	45,924	42,994	42,608	42,284	39,544	40,668	38,367	36,017	35,458	34,150	33,691	31,726	30,659	28,147	28,886	25,542	25,465	21,509	23,023	20,570	20,428	20,236	19,557	18,606	18,824	18,221	17,580	17,162	15,657	13,824	13,163	12,202	12,297	10,446
Sales and marketing
21,886	21,977	20,194	20,691	18,494	19,677	18,292	17,895	18,893	17,995	16,796	18,257	16,249	16,776	15,163	15,638	14,062	15,061	13,577	12,840	12,496	11,158	11,002	10,755	9,416	8,976	8,865	8,361	8,713	7,945	8,766	9,391	8,175	8,032	7,710	7,412	6,538	6,701	6,208
General and administrative
46,342	33,040	28,298	35,014	36,174	36,580	33,460	30,311	23,555	25,460	19,271	11,903	11,546	10,381	10,816	10,563	9,487	9,853	10,546	7,706	7,334	4,944	5,056	6,079	5,806	5,484	5,648	5,677	6,134	5,745	6,346	6,285	5,802	5,207	4,578	4,855	3,958	4,257	4,374
Total operating expenses
117,814	110,589	98,064	101,894	99,468	102,181	94,746	90,814	84,732	82,999	76,735	68,527	63,812	62,615	60,129	59,892	55,275	55,573	52,270	49,432	45,372	41,567	37,567	39,857	35,792	34,888	34,749	33,595	33,453	32,514	33,333	33,256	31,139	28,896	26,112	25,430	22,698	23,255	21,028
Income from operations
15,546	27,815	32,865	30,140	12,859	25,741	28,493	41,515	21,185	22,695	9,319	17,406	21,525	33,521	22,423	10,964	23,708	47,614	25,205	26,687	31,448	42,885	31,626	26,540	21,472	20,204	12,043	12,428	5,440	7,608	1,682	9,192	9,590	13,718	13,514	14,602	15,158	16,924	12,009
Other income (expense), net
937	-416	1,589	-1,727	-86	624	169	805	-388	-394	-796	369	-1,594	690	-449	-66	147	-642	2,068	864	21	36	35	19	10	46	17	24	2	7	15	8	9	20	17	10	21	15	20
Interest expense
518	560	552	1,210	1,271	1,831	2,378	2,229	1,326	1,088	1,083	915	558	497	330	453	417	400	324	309	277	183	196	222	156	184	195	161	142	152	155	161	189	173	194	197	161	169	159
Income before income tax provision
15,965	26,839	33,902	27,203	11,502	24,534	26,284	40,091	19,471	21,213	7,440	16,860	19,373	33,714	21,644	10,445	23,438	46,572	26,949	27,242	31,192	42,738	31,465	26,337	21,326	20,066	11,865	12,291	5,300	7,463	1,542	9,039	9,410	13,565	13,337	14,415	15,018	16,770	11,870
Income Tax Expense (Benefit)
-900	2,100	8,600	4,384	500	4,500	5,500	12,677	4,200	20,840	726	3,302	4,023	10,838	6,271	4,965	7,392	13,368	9,598	9,848	8,136	11,496	10,602	9,788	4,752	6,731	4,166	3,865	-1,740	2,549	643	3,529	2,333	4,791	4,845	3,684	4,322	5,201	4,653
Income (Loss) from Equity Method Investments
-1,100	-1,000	1,000	900	-400	-1,800	-1,400	-1,099	-717	-1,156	-635	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss) Attributable to Parent
15,807	23,706	26,345	23,710	10,646	18,220	19,342	26,274	14,595	-783	6,079	13,255	15,350	22,876	15,373	5,480	16,046	33,204	17,351	17,394	23,056	31,242	20,863	16,549	16,574	13,335	7,699	8,426	7,040	4,914	899	5,510	7,077	8,774	8,492	10,731	10,696	11,569	7,217
Earnings Per Share [Abstract]
Earnings Per Share, Basic
0.31	0.47	0.52	0.47	0.21	0.37	0.39	0.54	0.30	-0.02	0.12	0.26	0.32	0.48	0.32	0.10	0.33	0.70	0.37	0.36	0.49	0.68	0.46	0.37	0.38	0.31	0.18	0.19	0.17	0.12	0.02	0.13	0.17	0.21	0.21	0.27	0.28	0.30	0.19
Earnings Per Share, Diluted
0.29	0.46	0.51	0.45	0.21	0.36	0.37	0.51	0.28	-0.02	0.12	0.25	0.30	0.44	0.30	0.10	0.31	0.64	0.34	0.38	0.44	0.61	0.42	0.34	0.35	0.30	0.17	0.19	0.16	0.11	0.02	0.12	0.16	0.20	0.19	0.24	0.25	0.27	0.17
Weighted-average shares used in calculation of net income per common share:
Weighted Average Number of Shares Outstanding, Basic
51,526	50,181	50,274	50,132	49,988	49,844	49,704	49,523	49,425	49,335	49,097	48,798	48,445	48,124	48,165	48,453	48,047	47,651	47,517	47,308	46,824	46,131	45,473	44,993	43,992	42,915	42,496	42,261	42,147	41,893	41,667	41,523	41,126	40,555	40,356	39,492	38,269	37,543	37,224
Weighted Average Number of Shares Outstanding, Diluted
53,693	52,009	51,704	52,278	51,558	50,810	52,218	55,141	51,679	49,335	52,449	52,157	51,918	51,521	51,120	52,265	52,238	51,489	51,352	47,590	52,008	51,091	49,687	48,983	47,424	45,039	44,602	43,875	44,148	43,431	44,174	44,787	44,610	43,816	43,395	43,680	42,854	41,619	41,431