Super Micro Computer (SMCI) FY2016 results: revenue $2.2 billion, up 13.8% on the year
Super Micro Computer, Inc. (SMCI) reported revenue of $2.2 billion for fiscal 2016, the year ended 30 June 2016, up 13.8% on the year before. Net income was $72 million, down 22.2%, and diluted earnings per share $0.14. The figures are the company's own, from the 10-K it filed with the SEC on 17 May 2019.
Revenue
$2.2 billion
+13.8% on the year
FY2010FY2016
Operating margin
4.8%
6.8% a year earlier
FY2010FY2016
Net income
$72 million
-22.2% on the year
FY2010FY2016
Diluted EPS
$0.14
-24.9% on the year
FY2010FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
2,225
1,954
1,467
+13.8%
Cost of revenue
1,895
1,648
1,242
+15.0%
Gross profit
331
307
226
+7.8%
Gross margin
14.9%
15.7%
15.4%
Research and development
124
101
84.3
+22.3%
Operating income
107
133
80.3
-19.0%
Operating margin
4.8%
6.8%
5.5%
Interest expense
1.6
1.0
0.8
+65.2%
Pre-tax income
107
133
79.6
-19.0%
Income tax
35.3
40.1
25.4
-11.9%
Effective tax rate
32.9%
30.2%
32.0%
Net income
72.0
92.6
54.2
-22.2%
Net margin
3.2%
4.7%
3.7%
Diluted EPS
$0.14
$0.18
$0.12
-24.9%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
108
-46.1
6.5
Capital expenditure
34.1
35.1
40.6
-2.8%
Free cash flow
73.9
-81.2
-34.0
Free cash flow margin
3.3%
-4.2%
-2.3%
Cash from investing
-35.1
-36.2
-40.2
Cash from financing
13.1
80.1
37.2
-83.6%
Depreciation and amortisation
13.3
8.1
6.4
+64.1%
Share-based compensation
16.9
14.4
11.1
+17.3%
Buybacks
0.0
0.0
n/a
Diluted shares, weighted
518m
501m
465m
+3.5%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
696
619
469
+12.5%
Non-controlling interest
0.2
0.2
0.2
+12.2%
Debt
93.6
94.4
46.3
-0.9%
Other liabilities
401
376
281
+6.6%
Total liabilities and equity
1,191
1,090
796
+9.3%
Fixed assets
188
163
131
+15.3%
Investments
2.6
2.6
2.6
+0.4%
Cash and equivalents
179
92.9
95.5
+92.4%
Receivables
175
323
213
-45.8%
Inventory
517
463
316
+11.5%
Other assets
130
45.1
39.0
+188.8%
Total assets
1,191
1,090
796
+9.3%
10-K for the year ended 30 June 2016, filed 17 May 2019: the filing.