$SANM
SANMINA CORP

2020 Q3 Form 10-Q Financial Statement

#000089772320000028 Filed on July 31, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2020 Q2 2019 Q2
Revenue $1.655B $2.027B
YoY Change -18.37% 11.78%
Cost Of Revenue $1.523B $1.879B
YoY Change -18.94% 10.88%
Gross Profit $131.5M $147.8M
YoY Change -11.04% 24.68%
Gross Profit Margin 7.95% 7.29%
Selling, General & Admin $59.31M $66.77M
YoY Change -11.16% 8.71%
% of Gross Profit 45.11% 45.18%
Research & Development $5.181M $7.272M
YoY Change -28.75% -10.71%
% of Gross Profit 3.94% 4.92%
Depreciation & Amortization $28.90M $29.50M
YoY Change -2.03% -0.34%
% of Gross Profit 21.98% 19.96%
Operating Expenses $67.37M $80.42M
YoY Change -16.23% 12.51%
Operating Profit $64.10M $67.37M
YoY Change -4.85% 43.17%
Interest Expense $8.460M $7.599M
YoY Change 11.33% 4.32%
% of Operating Profit 13.2% 11.28%
Other Income/Expense, Net -$4.496M -$8.749M
YoY Change -48.61% 51.05%
Pretax Income $59.61M $58.63M
YoY Change 1.68% 42.06%
Income Tax $15.00M $16.00M
% Of Pretax Income 25.16% 27.29%
Net Earnings $44.88M $42.92M
YoY Change 4.56% 26.38%
Net Earnings / Revenue 2.71% 2.12%
Basic Earnings Per Share $0.66 $0.62
Diluted Earnings Per Share $0.64 $0.60
COMMON SHARES
Basic Shares Outstanding 67.76M shares 68.22M shares 69.50M shares
Diluted Shares Outstanding 69.65M shares 72.01M shares

Balance Sheet

Concept 2020 Q3 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.147B $414.0M
YoY Change 177.05% 2.22%
Cash & Equivalents $1.117B $414.3M
Short-Term Investments $30.00M
Other Short-Term Assets $46.00M $50.00M
YoY Change -8.0% 4.17%
Inventory $883.7M $915.2M
Prepaid Expenses
Receivables $1.423B $1.622B
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.500B $3.002B
YoY Change 16.61% 7.43%
LONG-TERM ASSETS
Property, Plant & Equipment $574.8M $635.0M
YoY Change -9.48% -0.11%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $122.5M $75.03M
YoY Change 63.28% -35.89%
Total Long-Term Assets $974.6M $1.018B
YoY Change -4.29% -7.3%
TOTAL ASSETS
Total Short-Term Assets $3.500B $3.002B
Total Long-Term Assets $974.6M $1.018B
Total Assets $4.475B $4.020B
YoY Change 11.31% 3.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.252B $1.350B
YoY Change -7.26% 0.09%
Accrued Expenses $287.0M $323.0M
YoY Change -11.15% 26.67%
Deferred Revenue
YoY Change
Short-Term Debt $650.0M $0.00
YoY Change
Long-Term Debt Due $23.00M $155.0M
YoY Change -85.16% -74.63%
Total Short-Term Liabilities $2.213B $1.828B
YoY Change 21.09% -17.5%
LONG-TERM LIABILITIES
Long-Term Debt $333.7M $351.5M
YoY Change -5.06% 2313.62%
Other Long-Term Liabilities $274.5M $213.3M
YoY Change 28.67% 14.76%
Total Long-Term Liabilities $608.2M $564.8M
YoY Change 7.68% 181.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.213B $1.828B
Total Long-Term Liabilities $608.2M $564.8M
Total Liabilities $2.821B $2.392B
YoY Change 17.92% -0.96%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.653B $1.627B
YoY Change
Total Liabilities & Shareholders Equity $4.475B $4.020B
YoY Change 11.31% 3.27%

Cashflow Statement

Concept 2020 Q3 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income $44.88M $42.92M
YoY Change 4.56% 26.38%
Depreciation, Depletion And Amortization $28.90M $29.50M
YoY Change -2.03% -0.34%
Cash From Operating Activities $63.80M $165.5M
YoY Change -61.45% 167.8%
INVESTING ACTIVITIES
Capital Expenditures -$9.700M -$29.00M
YoY Change -66.55% 9.43%
Acquisitions
YoY Change
Other Investing Activities -$29.70M $2.500M
YoY Change -1288.0% -34.21%
Cash From Investing Activities -$39.40M -$26.70M
YoY Change 47.57% 18.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -22.50M -130.3M
YoY Change -82.73% 220.94%
NET CHANGE
Cash From Operating Activities 63.80M 165.5M
Cash From Investing Activities -39.40M -26.70M
Cash From Financing Activities -22.50M -130.3M
Net Change In Cash 1.900M 8.500M
YoY Change -77.65% -707.14%
FREE CASH FLOW
Cash From Operating Activities $63.80M $165.5M
Capital Expenditures -$9.700M -$29.00M
Free Cash Flow $73.50M $194.5M
YoY Change -62.21% 120.27%

Facts In Submission

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OtherOperatingActivitiesCashFlowStatement
-1361000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-84259000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
50805000 USD
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-15051000 USD
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
11807000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-16658000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-108043000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-6167000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-2144000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-172654000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-53610000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
61249000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
220666000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
192768000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
54787000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
102025000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
1909000000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
890000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
4057000 USD
us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
30000000 USD
us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
499000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-83897000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-98467000 USD
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
29674000 USD
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
378416000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
375000000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
3223525000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
1259000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
3317525000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2727000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
5448000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
12719000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
100100000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
12614000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
525674000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-100038000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
33000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
482000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
662476000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-5255000 USD
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
454741000 USD
CY2018Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
419528000 USD
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1117217000 USD
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
414273000 USD
us-gaap Interest Paid Net
InterestPaidNet
14305000 USD
us-gaap Interest Paid Net
InterestPaidNet
25291000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
18902000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
23767000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
10578000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
30018000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="text-indent:36pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The preparation of financial statements requires management to make estimates and assumptions that affect the amounts reported in the unaudited condensed consolidated financial statements and accompanying notes. Due to the COVID-19 global pandemic, the global economy and financial markets have been disrupted and there continues to be a significant amount of uncertainty about the length and severity of the consequences caused by the pandemic. The Company has considered information available to it as of the date of issuance of these financial statements and, other than two customer bankruptcies in the third quarter of 2020, the impact of which was immaterial, and the impairments described in Note 3, the Company is not aware of any specific events or circumstances that would require an update to its estimates or judgments, or a revision to the carrying value of its assets or liabilities. These estimates may change as new events occur and additional information becomes available. Actual results could differ materially from these estimates.</span></div><div style="text-indent:36pt;"><span><br/></span></div><div style="text-indent:36pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Results of operations for the third quarter of 2020 are not necessarily indicative of the results that may be expected for other interim periods or for the full fiscal year.</span></div>
us-gaap Fiscal Period
FiscalPeriod
The Company operates on a 52 or 53 week year ending on the Saturday nearest September 30. Fiscal 2019 was a 52-week year and fiscal 2020 will be a 53-week year, with the extra week occurring during the fourth quarter. All references to years relate to fiscal years unless otherwise noted.
sanm Percentof Net Sales Transferred Over Time
PercentofNetSalesTransferredOverTime
0.95
CY2020Q2 sanm Raw Materials As A Percentage Of Total Inventory
RawMaterialsAsAPercentageOfTotalInventory
0.99
CY2020Q2 us-gaap Revenues
Revenues
1654691000 USD
CY2019Q2 us-gaap Revenues
Revenues
2026995000 USD
us-gaap Revenues
Revenues
5085412000 USD
us-gaap Revenues
Revenues
6341652000 USD
CY2020Q2 us-gaap Revenues
Revenues
1654691000 USD
CY2019Q2 us-gaap Revenues
Revenues
2026995000 USD
us-gaap Revenues
Revenues
5085412000 USD
us-gaap Revenues
Revenues
6341652000 USD
CY2020Q2 us-gaap Revenues
Revenues
1654691000 USD
CY2019Q2 us-gaap Revenues
Revenues
2026995000 USD
us-gaap Revenues
Revenues
5085412000 USD
us-gaap Revenues
Revenues
6341652000 USD
sanm Cash Equivalents
CashEquivalents
0.35
CY2020Q2 us-gaap Long Term Debt
LongTermDebt
357112000 USD
CY2019Q3 us-gaap Long Term Debt
LongTermDebt
385325000 USD
CY2020Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
333675000 USD
CY2019Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
346971000 USD
CY2020Q2 us-gaap Line Of Credit
LineOfCredit
650000000 USD
CY2020Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
8000000 USD
CY2020Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y10M17D
CY2020Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0313
sanm Operating Lease Right Of Use Asset Accumulated Amortization
OperatingLeaseRightOfUseAssetAccumulatedAmortization
12000000 USD
CY2020Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
5000000 USD
us-gaap Operating Lease Expense
OperatingLeaseExpense
13000000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
14000000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
6299000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
16884000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
12156000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
5725000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3985000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
17012000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
62061000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
6456000 USD
CY2020Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
55605000 USD
CY2020Q2 sanm Face Valueof Receivable Sold Percentage
FaceValueofReceivableSoldPercentage
1
sanm Accounts Receivable Sold During The Period
AccountsReceivableSoldDuringThePeriod
1400000000 USD
sanm Accounts Receivable Sold During The Period
AccountsReceivableSoldDuringThePeriod
2200000000 USD
CY2020Q2 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
35000000 USD
CY2019Q3 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
36000000 USD
us-gaap Restructuring And Related Cost Expected Number Of Positions Eliminated
RestructuringAndRelatedCostExpectedNumberOfPositionsEliminated
1770 people
CY2020Q2 us-gaap Restructuring Charges
RestructuringCharges
2813000 USD
CY2019Q2 us-gaap Restructuring Charges
RestructuringCharges
7986000 USD
us-gaap Restructuring Charges
RestructuringCharges
20328000 USD
us-gaap Restructuring Charges
RestructuringCharges
13137000 USD
CY2020Q2 us-gaap Restructuring Reserve
RestructuringReserve
6000000 USD
CY2019Q3 us-gaap Restructuring Reserve
RestructuringReserve
5000000 USD
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15000000 USD
CY2020Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.25
CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
16000000 USD
CY2019Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.27
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
36000000 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.29
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
69000000 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.36
CY2020Q2 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
85297000 USD
CY2019Q3 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
86268000 USD
CY2020Q2 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-24093000 USD
CY2019Q3 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-19888000 USD
CY2020Q2 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
23534000 USD
CY2019Q3 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
24121000 USD
CY2020Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
37670000 USD
CY2019Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
42259000 USD
CY2019Q4 sanm Stock Repurchase Program Additional Authorized Amount
StockRepurchaseProgramAdditionalAuthorizedAmount
200000000 USD
sanm Shares Repurchased
SharesRepurchased
3400000 shares
sanm Shares Repurchased
SharesRepurchased
300000 shares
sanm Share Repurchases
ShareRepurchases
88000000 USD
sanm Share Repurchases
ShareRepurchases
7000000 USD
CY2020Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
213000000 USD
us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
400000 shares
us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
200000 shares
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
12000000 USD
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
6000000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2020Q2 us-gaap Revenues
Revenues
1654691000 USD
CY2019Q2 us-gaap Revenues
Revenues
2026995000 USD
us-gaap Revenues
Revenues
5085412000 USD
CY2019Q2 sanm Percentage Of Net Sales Represented By Ten Largest Customers
PercentageOfNetSalesRepresentedByTenLargestCustomers
0.55
CY2019Q2 us-gaap Revenues
Revenues
2026995000 USD
us-gaap Revenues
Revenues
5085412000 USD
us-gaap Revenues
Revenues
6341652000 USD
CY2020Q2 us-gaap Gross Profit
GrossProfit
131473000 USD
CY2019Q2 us-gaap Gross Profit
GrossProfit
147795000 USD
us-gaap Gross Profit
GrossProfit
373776000 USD
us-gaap Gross Profit
GrossProfit
450234000 USD
CY2020Q2 us-gaap Revenues
Revenues
1654691000 USD
us-gaap Revenues
Revenues
6341652000 USD
CY2020Q2 sanm Percentage Of Net Sales Represented By Ten Largest Customers
PercentageOfNetSalesRepresentedByTenLargestCustomers
0.57
sanm Percentage Of Net Sales Represented By Ten Largest Customers
PercentageOfNetSalesRepresentedByTenLargestCustomers
0.55
sanm Percentage Of Net Sales Represented By Ten Largest Customers
PercentageOfNetSalesRepresentedByTenLargestCustomers
0.54
CY2020Q2 sanm Numberofcustomersrepresenting10ormoreofnetsales
Numberofcustomersrepresenting10ormoreofnetsales
1
CY2019Q2 sanm Numberofcustomersrepresenting10ormoreofnetsales
Numberofcustomersrepresenting10ormoreofnetsales
1
sanm Numberofcustomersrepresenting10ormoreofnetsales
Numberofcustomersrepresenting10ormoreofnetsales
1
sanm Numberofcustomersrepresenting10ormoreofnetsales
Numberofcustomersrepresenting10ormoreofnetsales
1
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
68216000 shares
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
69499000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
69657000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
68872000 shares
CY2020Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1429000 shares
CY2019Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2508000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1847000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2588000 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
69645000 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
72007000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
71504000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
71460000 shares
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.66
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.62
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.26
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.77
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.64
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.60
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.23
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.70
CY2020Q2 us-gaap Share Based Compensation
ShareBasedCompensation
7354000 USD
CY2019Q2 us-gaap Share Based Compensation
ShareBasedCompensation
8136000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
22043000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
20578000 USD
CY2020Q2 us-gaap Share Based Compensation
ShareBasedCompensation
7354000 USD
CY2019Q2 us-gaap Share Based Compensation
ShareBasedCompensation
8136000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
22043000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
20578000 USD
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
1600000 shares
CY2020Q2 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
8300000 shares
CY2020Q2 sanm Stock Options And Unvested Restricted Stock Units Outstanding
StockOptionsAndUnvestedRestrictedStockUnitsOutstanding
4100000 shares
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
4200000 shares
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
3153000 shares
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
27.82
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
P1Y3M18D
CY2019Q3 sanm Sharebasedcompensationarrangementsbysharebasedpaymentawardequityinstrumentsotherthanoptionsnonvestedintrinsicvalue
Sharebasedcompensationarrangementsbysharebasedpaymentawardequityinstrumentsotherthanoptionsnonvestedintrinsicvalue
102720000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
1322000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
32.57
sanm Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested And Cancelled
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedAndCancelled
1601000 shares
sanm Share Based Compensation Arrangements By Share Based Payment Award Equity Instruments Other Than Options Vested And Cancelled Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementsByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedAndCancelledWeightedAverageGrantDateFairValue
28.19
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
2874000 shares
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
29.81
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
P1Y6M3D
CY2020Q2 sanm Sharebasedcompensationarrangementsbysharebasedpaymentawardequityinstrumentsotherthanoptionsnonvestedintrinsicvalue
Sharebasedcompensationarrangementsbysharebasedpaymentawardequityinstrumentsotherthanoptionsnonvestedintrinsicvalue
73379000 USD
CY2020Q2 sanm Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested And Expected To Vest Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedAndExpectedToVestNumber
2440000 shares
CY2020Q2 sanm Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested And Expected To Vest Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedAndExpectedToVestWeightedAverageGrantDateFairValue
30.02
sanm Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested And Expected To Vest Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedAndExpectedToVestWeightedAverageRemainingContractualTerm
P1Y5M23D
CY2020Q2 sanm Share Based Compensation Arrangement By Share Based Payment Award Restricted Stock Nonvested And Expected To Vest Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockNonvestedAndExpectedToVestAggregateIntrinsicValue
62303000 USD

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