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 thousands)

8/31/2023
Q4
5/31/2023
Q3
2/28/2023
Q2
11/30/2022
Q1
8/31/2022
Q4
5/31/2022
Q3
2/28/2022
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments401,275375,854324,821363,065387,326365,768
Cash and cash equivalents401,275375,854324,821363,065387,326365,768
Short-term investments      
Receivables243,571229,474306,323410,323357,457385,925
Inventory, net of allowances, customer advances and progress billings226,051294,367416,082323,084365,258334,148
Inventory226,051294,367416,082323,084365,258334,148
Disposal group, including discontinued operation      
Other current assets68,01478,47574,68555,39357,52545,876
Total current assets:938,911978,1701,121,9111,151,8651,167,5661,131,717
Noncurrent Assets
Operating lease, right-of-use asset77,78980,46883,01877,39943,52435,816
Property, plant and equipment177,751171,798165,033153,935159,111149,059
Intangible assets, net (including goodwill)354,504365,604393,028151,821158,262162,300
Goodwill183,089182,710199,69174,00975,04373,413
Intangible assets, net (excluding goodwill)171,415182,894193,33777,81283,21988,887
Deferred income tax assets      
Other noncurrent assets42,23344,04344,67037,04425,58929,621
Total noncurrent assets:652,277661,913685,749420,199386,486376,796
TOTAL ASSETS:1,591,1881,640,0831,807,6601,572,0641,554,0521,508,513
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:210,125226,289389,151413,354448,012440,983
Accounts payable170,884167,769325,435345,063384,251380,088
Other undisclosed accounts payable and accrued liabilities39,24158,52063,71668,29163,76160,895
Deferred revenue      
Debt32,25332,14128,43512,0258,7956,425
Disposal group, including discontinued operation      
Business combination, contingent consideration, liability45,70030,90024,500   
Other liabilities96,227131,117109,72190,16168,08986,396
Total current liabilities:384,305420,447551,807515,540524,896533,804
Noncurrent Liabilities
Long-term debt and lease obligation782,258789,364796,985663,143521,620510,958
Long-term debt, excluding current maturities782,258789,364796,985591,389485,026483,911
Liabilities, other than long-term debt100,45998,75299,48114,83520,22724,341
Deferred revenue     13,58417,202
Other liabilities27,03822,66022,53114,8356,6437,139
Operating lease, liability73,42176,09276,95071,75436,59427,047
Other undisclosed noncurrent liabilities     88,24084,498
Total noncurrent liabilities:882,717888,116896,466677,978630,087619,797
Total liabilities:1,267,0221,308,5631,448,2731,193,5181,154,9831,153,601
Equity
Equity, attributable to parent, including:318,097325,829352,120371,611392,602348,827
Common stock     1,5731,535
Treasury stock, value(124,659)(123,999)(112,435)(107,776)(67,345)(53,440)
Additional paid in capital432,185417,998411,612448,112437,863423,136
Accumulated other comprehensive loss(214,385)(217,557)(223,650)(221,655)(210,874)(229,676)
Retained earnings223,301247,756274,975251,344231,385207,272
Other undisclosed equity, attributable to parent1,6551,6311,6181,586  
Equity, attributable to noncontrolling interest6,0695,6917,2676,9356,4676,085
Total equity:324,166331,520359,387378,546399,069354,912
TOTAL LIABILITIES AND EQUITY:1,591,1881,640,0831,807,6601,572,0641,554,0521,508,513

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

8/31/2023
Q4
5/31/2023
Q3
2/28/2023
Q2
11/30/2022
Q1
8/31/2022
Q4
5/31/2022
Q3
2/28/2022
Q2
Revenues383,330429,174465,478437,697462,540449,171
Cost of revenue
(Cost of Goods and Services Sold)
(284,687)(318,793)(347,068)(333,854)(348,077)(336,458)
Gross profit:98,643110,381118,410103,843114,463112,713
Operating expenses(107,445)(117,548)(100,819)(76,242)(79,154)(95,908)
Operating income (loss):(8,802)(7,167)17,59127,60135,30916,805
Nonoperating expense(8,573)(21,335)(7,377)(7,758)(5,660)(6,247)
Other nonoperating income (expense)(514)(13,329)660(1,267)(550)(1,785)
Interest and debt expense  (16,691)    
Other undisclosed loss from continuing operations before equity method investments, income taxes    (653)  
Income (loss) from continuing operations before equity method investments, income taxes:(17,375)(45,193)10,21419,19029,64910,558
Other undisclosed income from continuing operations before income taxes  16,691 653  
Income (loss) from continuing operations before income taxes:(17,375)(28,502)10,21419,84329,64910,558
Income tax expense (benefit)(6,702)1,716(4,890)584(5,154)(7,586)
Income (loss) from continuing operations:(24,077)(26,786)5,32420,42724,4952,972
Income before gain (loss) on sale of properties:20,42724,4952,972
Other undisclosed net loss      
Net income (loss):(24,077)(26,786)5,32420,42724,4952,972
Net loss attributable to noncontrolling interest(378)(433)(332)(468)(382)(514)
Net income (loss) available to common stockholders, diluted:(24,455)(27,219)4,99219,95924,1132,458

Comprehensive Income ($ in thousands)

8/31/2023
Q4
5/31/2023
Q3
2/28/2023
Q2
11/30/2022
Q1
8/31/2022
Q4
5/31/2022
Q3
2/28/2022
Q2
Net income (loss):(24,077)(26,786)5,32420,42724,4952,972
Other comprehensive income (loss)4(24)(1,995)   
Other undisclosed comprehensive income (loss) 3,1686,117 (10,781)18,80211,379
Comprehensive income (loss):(20,905)(20,693)3,3299,64643,29714,351
Comprehensive loss, net of tax, attributable to noncontrolling interest(378)(433)(332)(468)(382)(514)
Comprehensive income (loss), net of tax, attributable to parent:(21,283)(21,126)2,9979,17842,91513,837

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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