Super Micro Computer (SMCI) FY2017 results: revenue $2.5 billion, up 11.7% on the year
Super Micro Computer, Inc. (SMCI) reported revenue of $2.5 billion for fiscal 2017, the year ended 30 June 2017, up 11.7% on the year before. Net income was $67 million, down 7.2%, and diluted earnings per share $0.13. The figures are the company's own, from the 10-K it filed with the SEC on 17 May 2019.
Revenue
$2.5 billion
+11.7% on the year
FY2010FY2017
Operating margin
3.8%
4.8% a year earlier
FY2010FY2017
Net income
$67 million
-7.2% on the year
FY2010FY2017
Diluted EPS
$0.13
-7.2% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
2,485
2,225
1,954
+11.7%
Cost of revenue
2,135
1,895
1,648
+12.7%
Gross profit
350
331
307
+5.9%
Gross margin
14.1%
14.9%
15.7%
Research and development
144
124
101
+16.1%
Operating income
94.9
107
133
-11.7%
Operating margin
3.8%
4.8%
6.8%
Interest expense
2.3
1.6
1.0
+44.3%
Pre-tax income
91.6
107
133
-14.7%
Income tax
24.4
35.3
40.1
-30.8%
Effective tax rate
26.7%
32.9%
30.2%
Net income
66.9
72.0
92.6
-7.2%
Net margin
2.7%
3.2%
4.7%
Diluted EPS
$0.13
$0.14
$0.18
-7.2%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
-96.2
108
-46.1
Capital expenditure
29.4
34.1
35.1
-13.9%
Free cash flow
-126
73.9
-81.2
Free cash flow margin
-5.1%
3.3%
-4.2%
Cash from investing
-29.4
-35.1
-36.2
Cash from financing
57.7
13.1
80.1
+340.6%
Depreciation and amortisation
16.4
13.3
8.1
+23.2%
Share-based compensation
19.7
16.9
14.4
+16.2%
Buybacks
18.5
0.0
0.0
Diluted shares, weighted
517m
518m
501m
-0.3%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
774
696
619
+11.1%
Non-controlling interest
0.2
0.2
0.2
-7.6%
Debt
162
93.6
94.4
+73.0%
Other liabilities
579
401
376
+44.4%
Total liabilities and equity
1,515
1,191
1,090
+27.2%
Fixed assets
196
188
163
+4.1%
Investments
2.6
2.6
2.6
-0.7%
Cash and equivalents
111
179
92.9
-38.1%
Receivables
324
175
323
+85.2%
Inventory
737
517
463
+42.5%
Other assets
146
130
45.1
+11.8%
Total assets
1,515
1,191
1,090
+27.2%
10-K for the year ended 30 June 2017, filed 17 May 2019: the filing.