2020 Q2 Form 10-K Financial Statement

#000137536520000064 Filed on August 31, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2 2019 Q1
Revenue $896.1M $854.2M $743.5M
YoY Change 4.9% -12.98% -10.97%
Cost Of Revenue $772.6M $722.2M $631.2M
YoY Change 6.98% -14.97% -13.44%
Gross Profit $123.5M $132.0M $112.3M
YoY Change -6.45% -0.22% 6.05%
Gross Profit Margin 13.78% 15.46% 15.11%
Selling, General & Admin $47.30M $55.70M $54.67M
YoY Change -15.08% 15.56% 28.79%
% of Gross Profit 38.29% 42.19% 48.67%
Research & Development $66.70M $46.20M $44.80M
YoY Change 44.37% 8.45% 5.95%
% of Gross Profit 54.0% 34.99% 39.88%
Depreciation & Amortization $7.500M $6.000M $6.100M
YoY Change 25.0% 7.14% 1.67%
% of Gross Profit 6.07% 4.54% 5.43%
Operating Expenses $114.1M $101.9M $99.47M
YoY Change 11.97% 12.22% 17.39%
Operating Profit $9.417M $30.13M $12.86M
YoY Change -68.75% -27.44% -39.3%
Interest Expense -$600.0K -$1.200M $1.271M
YoY Change -50.0% -45.45% -4.15%
% of Operating Profit -6.37% -3.98% 9.88%
Other Income/Expense, Net -$700.0K -$1.700M -$86.00K
YoY Change -58.82% -312.5% -77.84%
Pretax Income $8.100M $27.20M $11.50M
YoY Change -70.22% -32.17% -40.93%
Income Tax -$6.900M $4.300M $500.0K
% Of Pretax Income -85.19% 15.81% 4.35%
Net Earnings $18.45M $23.71M $10.65M
YoY Change -22.18% -9.76% -27.06%
Net Earnings / Revenue 2.06% 2.78% 1.43%
Basic Earnings Per Share $0.35 $0.47 $0.21
Diluted Earnings Per Share $0.34 $0.46 $0.21
COMMON SHARES
Basic Shares Outstanding 51.92M shares 49.99M shares
Diluted Shares Outstanding 51.56M shares

Balance Sheet

Concept 2020 Q2 2019 Q2 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $210.5M $248.2M $169.7M
YoY Change -15.19%
Cash & Equivalents $210.5M $248.2M $169.7M
Short-Term Investments
Other Short-Term Assets $4.507M $3.822M $37.10M
YoY Change 17.92% -34.21%
Inventory $851.5M $670.2M $761.1M
Prepaid Expenses $7.075M $7.269M $7.578M
Receivables $403.7M $393.6M $327.4M
Other Receivables $109.2M $83.10M $60.70M
Total Short-Term Assets $1.593B $1.422B $1.356B
YoY Change 12.03% -7.13%
LONG-TERM ASSETS
Property, Plant & Equipment $233.8M $207.3M $203.4M
YoY Change 12.76% 5.44%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.703M $1.701M $1.370M
YoY Change 58.91% -28.41%
Other Assets $34.50M $10.66M $12.59M
YoY Change 223.66% -24.06%
Total Long-Term Assets $325.9M $260.8M $251.2M
YoY Change 24.94% 9.3%
TOTAL ASSETS
Total Short-Term Assets $1.593B $1.422B $1.356B
Total Long-Term Assets $325.9M $260.8M $251.2M
Total Assets $1.919B $1.683B $1.607B
YoY Change 14.03% -4.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $417.7M $360.5M $332.0M
YoY Change 15.87% -31.62%
Accrued Expenses $155.4M $114.7M $113.0M
YoY Change 35.51% 11.9%
Deferred Revenue $106.2M $94.15M $87.75M
YoY Change 12.75%
Short-Term Debt $23.70M $23.65M $22.66M
YoY Change 0.24% -79.65%
Long-Term Debt Due $23.70M
YoY Change
Total Short-Term Liabilities $707.6M $606.0M $564.1M
YoY Change 16.78% -25.33%
LONG-TERM LIABILITIES
Long-Term Debt $5.697M $0.00 $0.00
YoY Change
Other Long-Term Liabilities $42.00M $26.18M $24.44M
YoY Change 60.39% 6.59%
Total Long-Term Liabilities $47.69M $26.18M $24.44M
YoY Change 82.15% 6.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $707.6M $606.0M $564.1M
Total Long-Term Liabilities $47.69M $26.18M $24.44M
Total Liabilities $852.9M $741.4M $694.1M
YoY Change 15.04% -19.92%
SHAREHOLDERS EQUITY
Retained Earnings $696.2M $611.9M $588.2M
YoY Change 13.78% 14.96%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $20.49M $20.49M $20.49M
YoY Change 0.0% 0.0%
Treasury Stock Shares 1.333M shares 1.333M shares 1.333M shares
Shareholders Equity $1.066B $941.0M $913.0M
YoY Change
Total Liabilities & Shareholders Equity $1.919B $1.683B $1.607B
YoY Change 14.03% -4.91%

Cashflow Statement

Concept 2020 Q2 2019 Q2 2019 Q1
OPERATING ACTIVITIES
Net Income $18.45M $23.71M $10.65M
YoY Change -22.18% -9.76% -27.06%
Depreciation, Depletion And Amortization $7.500M $6.000M $6.100M
YoY Change 25.0% 7.14% 1.67%
Cash From Operating Activities -$96.00M $81.90M $99.60M
YoY Change -217.22% 26.19% 3012.5%
INVESTING ACTIVITIES
Capital Expenditures -$9.400M -$9.000M -$6.500M
YoY Change 4.44% 9.76% 44.44%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$9.500M -$9.000M -$6.500M
YoY Change 5.56% 9.76% 85.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.600M 100.0K -26.60M
YoY Change -1700.0% -100.13% -485.51%
NET CHANGE
Cash From Operating Activities -96.00M 81.90M 99.60M
Cash From Investing Activities -9.500M -9.000M -6.500M
Cash From Financing Activities -1.600M 100.0K -26.60M
Net Change In Cash -107.1M 73.00M 66.50M
YoY Change -246.71% -517.14% 907.58%
FREE CASH FLOW
Cash From Operating Activities -$96.00M $81.90M $99.60M
Capital Expenditures -$9.400M -$9.000M -$6.500M
Free Cash Flow -$86.60M $90.90M $106.1M
YoY Change -195.27% 24.35% 1277.92%

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CY2019Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
109795000 USD
CY2020Q2 us-gaap Assets Current
AssetsCurrent
1592761000 USD
CY2019Q2 us-gaap Assets Current
AssetsCurrent
1421771000 USD
CY2020Q2 us-gaap Equity Method Investments
EquityMethodInvestments
2703000 USD
CY2019Q2 us-gaap Equity Method Investments
EquityMethodInvestments
1701000 USD
CY2020Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
233785000 USD
CY2019Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
207337000 USD
CY2020Q2 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
54898000 USD
CY2019Q2 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
41126000 USD
CY2020Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
34499000 USD
CY2019Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
10659000 USD
CY2020Q2 us-gaap Assets
Assets
1918646000 USD
CY2019Q2 us-gaap Assets
Assets
1682594000 USD
CY2020Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
417673000 USD
CY2019Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
360470000 USD
CY2020Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
155401000 USD
CY2019Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
114678000 USD
CY2020Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
4700000 USD
CY2019Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
13021000 USD
CY2020Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
23704000 USD
CY2019Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
23647000 USD
CY2020Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
106157000 USD
CY2019Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
94153000 USD
CY2020Q2 us-gaap Liabilities Current
LiabilitiesCurrent
707635000 USD
CY2019Q2 us-gaap Liabilities Current
LiabilitiesCurrent
605969000 USD
CY2020Q2 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
97612000 USD
CY2019Q2 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
109266000 USD
CY2020Q2 us-gaap Long Term Debt
LongTermDebt
5697000 USD
CY2019Q2 us-gaap Long Term Debt
LongTermDebt
0 USD
CY2020Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
41995000 USD
CY2020Q2 us-gaap Common Stocks Including Additional Paid In Capital
CommonStocksIncludingAdditionalPaidInCapital
389972000 USD
CY2019Q2 us-gaap Common Stocks Including Additional Paid In Capital
CommonStocksIncludingAdditionalPaidInCapital
349683000 USD
CY2019Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
26183000 USD
CY2020Q2 us-gaap Liabilities
Liabilities
852939000 USD
CY2019Q2 us-gaap Liabilities
Liabilities
741418000 USD
CY2020Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2019Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Such estimates include, but are not limited to revenue recognition, allowances for doubtful accounts and sales returns, inventory valuation, useful lives of property, plant and equipment, product warranty accruals, stock-based compensation, impairment of investments and long-lived assets, and income taxes. The Company’s estimates are evaluated on an ongoing basis and changes in the estimates are recognized prospectively. Actual results could differ from those estimates. The Company considered estimates of the economic implications of the COVID-19 pandemic on its critical and significant accounting estimates, including an assessment of the collectability of each customer contract as part of the revenue recognition process, assessment of the valuation of accounts receivable, assessment of provision for excess and obsolete inventory and an impairment of long-lived assets. </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div>
CY2020 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-3100000 USD
CY2019 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
7100000 USD
CY2018 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-100000 USD
CY2019Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
11034000 USD
CY2018Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
9884000 USD
CY2017Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
7721000 USD
CY2020 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
35962000 USD
CY2019 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
22991000 USD
CY2018 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
20868000 USD
CY2020 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
34502000 USD
CY2019 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
26281000 USD
CY2018 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
19904000 USD
CY2020 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
-115000 USD
CY2019 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
4440000 USD
CY2018 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
1199000 USD
CY2020Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
12379000 USD
CY2019Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
11034000 USD
CY2018Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
9884000 USD
CY2020Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
9984000 USD
CY2019Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
8661000 USD
CY2018Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
7589000 USD
CY2020Q2 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
2395000 USD
CY2019Q2 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
2373000 USD
CY2018Q2 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
2295000 USD
CY2020 us-gaap Research And Development Arrangement Contract To Perform For Others Compensation Earned
ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned
2100000 USD
CY2019 us-gaap Research And Development Arrangement Contract To Perform For Others Compensation Earned
ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned
2800000 USD
CY2018 us-gaap Research And Development Arrangement Contract To Perform For Others Compensation Earned
ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned
6100000 USD
CY2020 smci Cancellation Fee Net Received From Canceled Joint Venture Reducing Research And Development Expense
CancellationFeeNetReceivedFromCanceledJointVentureReducingResearchAndDevelopmentExpense
9500000 USD
CY2020 us-gaap Advertising Expense
AdvertisingExpense
3000000.0 USD
CY2019 us-gaap Advertising Expense
AdvertisingExpense
2400000 USD
CY2018 us-gaap Advertising Expense
AdvertisingExpense
3500000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
84308000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
71918000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
46165000 USD
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50987000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49917000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49345000 shares
CY2020 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1851000 shares
CY2019 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1799000 shares
CY2018 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2806000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
52151000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
52838000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
51716000 shares
CY2020Q2 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.52
CY2020Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2020 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Concentration of Credit Risk</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div>Financial instruments which potentially subject the Company to concentration of credit risk consist primarily of cash and cash equivalents, restricted cash, investment in an auction rate security and accounts receivable.<div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Concentration of Supplier Risk</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div>Certain materials used by the Company in the manufacturing of its products are available from a limited number of suppliers. Shortages could occur in these materials due to an interruption of supply or increased demand in the industry.
CY2020Q2 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
100000 USD
CY2019Q2 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
900000 USD
CY2019 us-gaap Impairment Of Investments
ImpairmentOfInvestments
2700000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3339281000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3500360000 USD
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3360492000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3339281000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3500360000 USD
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3360492000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3339281000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3500360000 USD
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3360492000 USD
CY2020 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
91900000 USD
CY2020Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
203800000 USD
CY2018 smci Inventory Write Down Excluding Write Down To Net Realizable Value
InventoryWriteDownExcludingWriteDownToNetRealizableValue
9400000 USD
CY2020 smci Inventory Write Down To Net Realizable Value
InventoryWriteDownToNetRealizableValue
-4200000 USD
CY2020Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
656817000 USD
CY2019Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
492387000 USD
CY2020Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
38146000 USD
CY2019Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
43598000 USD
CY2020Q2 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
156535000 USD
CY2019Q2 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
134203000 USD
CY2020Q2 us-gaap Inventory Net
InventoryNet
851498000 USD
CY2019Q2 us-gaap Inventory Net
InventoryNet
670188000 USD
CY2020 smci Inventory Write Down Excluding Write Down To Net Realizable Value
InventoryWriteDownExcludingWriteDownToNetRealizableValue
22600000 USD
CY2019 smci Inventory Write Down Excluding Write Down To Net Realizable Value
InventoryWriteDownExcludingWriteDownToNetRealizableValue
28500000 USD
CY2020Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
360531000 USD
CY2019Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
316112000 USD
CY2020Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
126746000 USD
CY2019Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
108775000 USD
CY2020Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
233785000 USD
CY2019Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
207337000 USD
CY2020Q2 smci Accounts Receivable Vendor Current
AccountsReceivableVendorCurrent
94859000 USD
CY2019Q2 smci Accounts Receivable Vendor Current
AccountsReceivableVendorCurrent
83050000 USD
CY2020Q2 us-gaap Prepaid Taxes
PrepaidTaxes
14323000 USD
CY2019Q2 us-gaap Prepaid Taxes
PrepaidTaxes
607000 USD
CY2020Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
7075000 USD
CY2019Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
7269000 USD
CY2020Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
23784000 USD
CY2020Q2 us-gaap Deferred Costs
DeferredCosts
4632000 USD
CY2019Q2 us-gaap Deferred Costs
DeferredCosts
3572000 USD
CY2020Q2 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
1607000 USD
CY2019Q2 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
2303000 USD
CY2020Q2 us-gaap Available For Sale Securities Debt Securities Noncurrent
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
1571000 USD
CY2019Q2 us-gaap Available For Sale Securities Debt Securities Noncurrent
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
1571000 USD
CY2020Q2 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
1201000 USD
CY2019Q2 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
686000 USD
CY2020Q2 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
128000 USD
CY2019Q2 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
878000 USD
CY2020Q2 us-gaap Prepaid Expense Noncurrent
PrepaidExpenseNoncurrent
1576000 USD
CY2019Q2 us-gaap Prepaid Expense Noncurrent
PrepaidExpenseNoncurrent
1649000 USD
CY2020Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
34499000 USD
CY2019Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
10659000 USD
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
210533000 USD
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
248164000 USD
CY2020Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
250000 USD
CY2019Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
11673000 USD
CY2020Q2 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
1607000 USD
CY2019Q2 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
2303000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
212390000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
262140000 USD
CY2020 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2400000 USD
CY2019 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-2700000 USD
CY2018 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-3600000 USD
CY2020 smci Intra Entity Profits Share For Unsold Products Eliminated In Consolidation
IntraEntityProfitsShareForUnsoldProductsEliminatedInConsolidation
3000000.0 USD
CY2019 smci Intra Entity Profits Share For Unsold Products Eliminated In Consolidation
IntraEntityProfitsShareForUnsoldProductsEliminatedInConsolidation
1700000 USD
CY2020Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
33577000 USD
CY2019Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
25552000 USD
CY2020Q2 smci Payable Manufacturer
PayableManufacturer
36249000 USD
CY2019Q2 smci Payable Manufacturer
PayableManufacturer
25308000 USD
CY2020Q2 us-gaap Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
18114000 USD
CY2019Q2 us-gaap Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
0 USD
CY2020Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
5661000 USD
CY2019Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
11756000 USD
CY2020Q2 smci Accrued Customer Deposits Current
AccruedCustomerDepositsCurrent
9942000 USD
CY2019Q2 smci Accrued Customer Deposits Current
AccruedCustomerDepositsCurrent
11133000 USD
CY2020Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
9984000 USD
CY2019Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
8661000 USD
CY2020Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6310000 USD
CY2020Q2 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
5925000 USD
CY2019Q2 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
5830000 USD
CY2020Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
29639000 USD
CY2019Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
26438000 USD
CY2020Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
155401000 USD
CY2019Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
114678000 USD
CY2020Q1 smci Performance Bonus Stock Price Threshold Consecutive Trading Days
PerformanceBonusStockPriceThresholdConsecutiveTradingDays
10 day
CY2020Q1 smci Number Of Board Members Performance Awards
NumberOfBoardMembersPerformanceAwards
2 board_member
CY2020Q1 smci Number Of Board Members Performance Awards
NumberOfBoardMembersPerformanceAwards
2 board_member
CY2020Q1 smci Number Of Board Members Performance Awards
NumberOfBoardMembersPerformanceAwards
2 board_member
CY2020Q2 us-gaap Accrued Bonuses Current And Noncurrent
AccruedBonusesCurrentAndNoncurrent
2100000 USD
CY2020Q2 smci Unrecognized Bonus Compensation Expense
UnrecognizedBonusCompensationExpense
3300000 USD
CY2020Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
18102000 USD
CY2019Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
0 USD
CY2020Q2 smci Accrued Unrecognized Tax Benefits Including Related Interestsand Penalties Noncurrent
AccruedUnrecognizedTaxBenefitsIncludingRelatedInterestsandPenaltiesNoncurrent
15496000 USD
CY2020Q2 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
29401000 USD
CY2019Q2 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
23647000 USD
CY2020Q2 smci Short Term Debt And Long Term Debt Current Maturities
ShortTermDebtAndLongTermDebtCurrentMaturities
23704000 USD
CY2019Q2 smci Short Term Debt And Long Term Debt Current Maturities
ShortTermDebtAndLongTermDebtCurrentMaturities
23647000 USD
CY2020Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
5697000 USD
CY2019Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
0 USD
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
23704000 USD
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0 USD
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
68000 USD
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
814000 USD
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
814000 USD
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
4001000 USD
CY2020Q2 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
29401000 USD
CY2019Q2 smci Accrued Unrecognized Tax Benefits Including Related Interestsand Penalties Noncurrent
AccruedUnrecognizedTaxBenefitsIncludingRelatedInterestsandPenaltiesNoncurrent
20102000 USD
CY2020Q2 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
2395000 USD
CY2019Q2 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
2373000 USD
CY2020Q2 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
6002000 USD
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
6993000 USD
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
6411000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
15229000 USD
CY2020 us-gaap Short Term Lease Payments
ShortTermLeasePayments
1300000 USD
CY2019 us-gaap Short Term Lease Payments
ShortTermLeasePayments
0.0 USD
CY2018 us-gaap Short Term Lease Payments
ShortTermLeasePayments
0.0 USD
CY2020Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y7M6D
CY2020Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.035
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
7073000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
5696000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4246000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4221000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
4309000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
956000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
26501000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2089000 USD
CY2020Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
24412000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
6582000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
3831000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
2439000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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1175000 USD
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21184000 USD
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20189000 USD
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18.02
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19.61
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15.74
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P4Y25D
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50245000 USD
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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4723734 shares
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CY2020 us-gaap Other Noncash Income Expense
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CY2020 us-gaap Impairment Of Investments
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2402000 USD
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313000 USD
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CY2020 us-gaap Increase Decrease In Accounts Receivable
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7023000 USD
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13570000 USD
CY2020 us-gaap Increase Decrease In Inventories
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199683000 USD
CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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15714000 USD
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126232000 USD
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29869000 USD
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59889000 USD
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132533000 USD
CY2019 us-gaap Increase Decrease In Accrued Income Taxes Payable
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5831000 USD
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5827000 USD
CY2020 us-gaap Increase Decrease In Accrued Liabilities
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27865000 USD
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11456000 USD
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23238000 USD
CY2020 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
350000 USD
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59800000 USD
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67775000 USD
CY2020 us-gaap Increase Decrease In Other Noncurrent Liabilities
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116000 USD
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3525000 USD
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19.25
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P3Y5M15D
CY2020Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
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44932000 USD
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19300000 USD
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
4000000.0 USD
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
0 USD
CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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8200000 USD
CY2019 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3100000 USD
CY2018 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4500000 USD

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