Super Micro Computer (SMCI) FY2015 results: revenue $2.0 billion, up 33.2% on the year
Super Micro Computer, Inc. (SMCI) reported revenue of $2.0 billion for fiscal 2015, the year ended 30 June 2015, up 33.2% on the year before. Net income was $93 million, up 70.9%, and diluted earnings per share $0.18. The figures are the company's own, from the 10-K it filed with the SEC on 17 May 2019.
Revenue
$2.0 billion
+33.2% on the year
FY2010FY2015
Operating margin
6.8%
5.5% a year earlier
FY2010FY2015
Net income
$93 million
+70.9% on the year
FY2010FY2015
Diluted EPS
$0.18
+59.5% on the year
FY2010FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
1,954
1,467
1,163
+33.2%
Cost of revenue
1,648
1,242
1,003
+32.7%
Gross profit
307
226
160
+35.9%
Gross margin
15.7%
15.4%
13.8%
Research and development
101
84.3
75.2
+20.3%
Operating income
133
80.3
27.2
+65.3%
Operating margin
6.8%
5.5%
2.3%
Interest expense
1.0
0.8
0.6
+27.5%
Pre-tax income
133
79.6
26.6
+66.6%
Income tax
40.1
25.4
5.3
+57.6%
Effective tax rate
30.2%
32.0%
20.0%
Net income
92.6
54.2
21.3
+70.9%
Net margin
4.7%
3.7%
1.8%
Diluted EPS
$0.18
$0.12
$0.05
+59.5%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
-46.1
6.5
13.6
Capital expenditure
35.1
40.6
5.0
-13.5%
Free cash flow
-81.2
-34.0
8.6
Free cash flow margin
-4.2%
-2.3%
0.7%
Cash from investing
-36.2
-40.2
-5.1
Cash from financing
80.1
37.2
3.8
+115.1%
Depreciation and amortisation
8.1
6.4
7.8
+27.2%
Share-based compensation
14.4
11.1
11.4
+30.5%
Buybacks
0.0
n/a
n/a
Diluted shares, weighted
501m
465m
439m
+7.7%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
619
469
374
+32.0%
Non-controlling interest
0.2
0.2
0.2
-6.3%
Debt
94.4
46.3
35.2
+104.0%
Other liabilities
376
281
223
+34.0%
Total liabilities and equity
1,090
796
632
+36.9%
Fixed assets
163
131
95.9
+24.8%
Investments
2.6
2.6
2.6
-0.5%
Cash and equivalents
92.9
95.5
93.0
-2.7%
Receivables
323
213
149
+51.6%
Inventory
463
316
254
+46.8%
Other assets
45.1
39.0
37.2
+15.6%
Total assets
1,090
796
632
+36.9%
10-K for the year ended 30 June 2015, filed 17 May 2019: the filing.