SMART Global Holdings Inc. (SGH) Financial Statements (2024 and earlier)

Company Profile

Business Address 39870 EUREKA DRIVE
NEWARK, CA 94560-4809
State of Incorp.
Fiscal Year End August 31
Industry (SIC) 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

8/31/2024
11/30/2023
MRQ
8/31/2023
8/31/2022
8/31/2021
8/31/2020
8/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments55339136322315198
Cash and cash equivalents52936636322315198
Short-term investments2425    
Receivables171219410313217229
Inventory, net of allowances, customer advances and progress billings208175323364163119
Inventory208175323364163119
Prepaid expense     1014
Contract with customer, asset, after allowance for credit loss     55
Disposal group, including discontinued operation  71    
Other current assets54525551  
Other undisclosed current assets     108
Total current assets:9879071,152951557472
Noncurrent Assets
Operating lease, right-of-use asset6568774125 
Property, plant and equipment1121191541565568
Intangible assets, net (including goodwill)312322152175130151
Goodwill16216274747481
Intangible assets, net (excluding goodwill)150160781015669
Deferred income tax assets7474    
Other noncurrent assets801537222113
Total noncurrent assets:644599420394230232
TOTAL ASSETS:1,6311,5061,5721,345787704
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:219182413484282214
Accounts payable182135345430225165
Accrued liabilities     5849
Other undisclosed accounts payable and accrued liabilities37476854  
Deferred revenue3948    
Debt 29361225 24
Disposal group, including discontinued operation  78    
Business combination, contingent consideration, liability 5050    
Other liabilities32339074  
Total current liabilities:369426516584282238
Noncurrent Liabilities
Long-term debt and lease obligation748755663373216182
Long-term debt, excluding current maturities748755591340196182
Liabilities, other than long-term debt98961525610
Deferred revenue    16  
Other liabilities3329159610
Operating lease, liability6466723221 
Other undisclosed noncurrent liabilities    45  
Total noncurrent liabilities:846850678442222193
Total liabilities:1,2151,2771,1941,026505431
Equity
Equity, attributable to parent, including:410222372310282273
Common stock    111
Treasury stock, value(146)(132)(108)(51)  
Additional paid in capital491477448397346286
Accumulated other comprehensive income (loss)0(206)(222)(222)(228)(178)
Retained earnings6382251185163165
Other undisclosed equity, attributable to parent222   
Equity, attributable to noncontrolling interest6779  
Total equity:416229379319282273
TOTAL LIABILITIES AND EQUITY:1,6311,5061,5721,345787704

Income Statement (P&L) ($ in millions)

8/31/2024
11/30/2023
TTM
8/31/2023
8/31/2022
8/31/2021
8/31/2020
8/31/2019
Revenues1,2501,4411,8191,5011,1221,212
Cost of revenue
(Cost of Goods and Services Sold)
(870)(1,026)(1,366)(1,193)(906)(974)
Gross profit:380415453308216238
Operating expenses(387)(406)(339)(253)(175)(148)
Operating income (loss):(8)9115554189
Nonoperating expense(50)(48)(26)(17)(32)(23)
Other nonoperating income (expense)(12)(12)(5)0(17)(2)
Interest and debt expense(17)(16)(1) (7) 
Income (loss) from continuing operations before equity method investments, income taxes:(74)(55)8838366
Other undisclosed income from continuing operations before income taxes17161 7 
Income (loss) from continuing operations before income taxes:(57)(40)8938966
Income tax expense (benefit)5149(20)(15)(11)(15)
Income (loss) from continuing operations:(7)106923(1)51
Income (loss) before gain (loss) on sale of properties:6923(1)51
Loss from discontinued operations(8)(195)    
Other undisclosed net loss (195)     
Net income (loss):(210)(186)6923(1)51
Net loss attributable to noncontrolling interest(2)(2)(2)(1)  
Net income (loss) available to common stockholders, diluted:(212)(188)6721(1)51

Comprehensive Income ($ in millions)

8/31/2024
11/30/2023
TTM
8/31/2023
8/31/2022
8/31/2021
8/31/2020
8/31/2019
Net income (loss):(210)(186)6923(1)51
Other comprehensive income 21516    
Other undisclosed comprehensive income (loss)9 (0)7  
Comprehensive income (loss):14(170)6929(1)51
Comprehensive loss, net of tax, attributable to noncontrolling interest(2)(2)(2)(1)  
Other undisclosed comprehensive loss, net of tax, attributable to parent     (50)(2)
Comprehensive income (loss), net of tax, attributable to parent:12(172)6728(52)49

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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