Sanmina Corporation (SANM) Financial Statements (2024 and earlier)

Company Profile

Business Address 2700 N FIRST ST
SAN JOSE, CA 95134
State of Incorp. DE
Fiscal Year End September 30
Industry (SIC) 3672 - Printed Circuit Boards (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
12/31/2022
MRQ
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments735530650481455420
Cash and cash equivalents735530650481455420
Receivables(8)(8)(7)(9)(12)(12)
Inventory, net of allowances, customer advances and progress billings1,7281,6841,0378619011,374
Inventory1,7281,6841,0378619011,374
Contract with customer, asset, after allowance for credit loss502476349397396 
Other undisclosed current assets1,3971,2091,2531,0901,1821,233
Total current assets:4,3553,8913,2822,8192,9213,014
Noncurrent Assets
Property, plant and equipment591575533559631643
Intangible assets, net (including goodwill)     29 
Goodwill     29 
Deferred income tax assets190210235273 
Other noncurrent assets1721601571217484
Deferred tax assets, net344
Other undisclosed noncurrent assets     251 
Total noncurrent assets:9539459259539851,071
TOTAL ASSETS:5,3074,8364,2073,7733,9064,085
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,2752,1721,5821,3321,4651,672
Employee-related liabilities118122128125
Accounts payable2,1392,0411,4651,2101,3371,547
Accrued liabilities136131    
Debt1818191938593
Other liabilities292282162172180136
Total current liabilities:2,5852,4711,7631,5231,6832,402
Noncurrent Liabilities
Long-term debt and lease obligation32532931232934714
Long-term debt, excluding current maturities32532931232934714
Liabilities, other than long-term debt223215254291233196
Other liabilities223215254291233196
Total noncurrent liabilities:548545565620580210
Total liabilities:3,1333,0162,3282,1432,2632,612
Equity
Equity, attributable to parent, including:631,8201,8791,6301,6431,473
Treasury stock, value (1,378)(1,047)(983)(804)(791)
Additional paid in capital 6,3816,3396,3016,2676,222
Accumulated other comprehensive income635641354274
Accumulated deficit (3,240)(3,454)(3,723)(3,863)(4,033)
Other undisclosed equity, attributable to parent  11111
Equity, attributable to noncontrolling interest      
Other undisclosed equity2,111     
Total equity:2,1741,8201,8791,6301,6431,473
TOTAL LIABILITIES AND EQUITY:5,3074,8364,2073,7733,9064,085

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

9/30/2023
12/31/2022
TTM
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Revenues8,4957,9206,7576,9608,2347,110
Cost of revenue
(Cost of Goods and Services Sold)
(7,808)(7,297)(6,205)(6,435)(7,642)(6,646)
Gross profit:687622552526592464
Operating expenses(277)(273)(271)(298)(306)(344)
Operating income:410349281228286119
Nonoperating income (expense)(57)(47)26(27)(40)(22)
Other nonoperating income (expense)(35)(26)44(0)(11)5
Interest and debt expense(26)(22)(20)(29)(31)(28)
Other undisclosed income from continuing operations before equity method investments, income taxes    293128
Income from continuing operations before equity method investments, income taxes:32728028720124698
Other undisclosed income from continuing operations before income taxes262220   
Income from continuing operations before income taxes:35330230720124698
Income tax expense(64)(62)(38)(61)(104)(193)
Income (loss) from continuing operations:289240269140142(96)
Income (loss) before gain (loss) on sale of properties:197269140142(96)
Net income (loss):289240269140142(96)
Net loss attributable to noncontrolling interest(3)     
Net income (loss) available to common stockholders, diluted:286240269140142(96)

Comprehensive Income ($ in millions)

9/30/2023
12/31/2022
TTM
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Net income (loss):289240269140142(96)
Other comprehensive income7     
Comprehensive income (loss):296240269140142(96)
Comprehensive loss, net of tax, attributable to noncontrolling interest(3)     
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 13166(7)(32)(3)
Comprehensive income (loss), net of tax, attributable to parent:306256275132110(98)

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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