Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Super Micro Computer Inc., consolidated income statement

US$ in thousands

12 months ended:	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018
Net sales	7,123,482)	5,196,099)	3,557,422)	3,339,281)	3,500,360)	3,360,492)
Cost of sales	(5,840,470)	(4,396,098)	(3,022,884)	(2,813,071)	(3,004,838)	(2,930,498)
Gross profit	1,283,012)	800,001)	534,538)	526,210)	495,522)	429,994)
Research and development	(307,260)	(272,273)	(224,369)	(221,478)	(179,907)	(165,104)
Sales and marketing	(115,025)	(90,126)	(85,683)	(85,137)	(77,154)	(71,579)
General and administrative	(99,585)	(102,435)	(100,539)	(133,941)	(141,228)	(98,597)
Operating expenses	(521,870)	(464,834)	(410,591)	(440,556)	(398,289)	(335,280)
Income from operations	761,142)	335,167)	123,947)	85,654)	97,233)	94,714)
Other income (expense), net	3,646)	8,079)	(2,834)	1,410)	(1,020)	(773)
Interest expense	(10,491)	(6,413)	(2,485)	(2,236)	(6,690)	(5,726)
Income before income tax provision	754,297)	336,833)	118,628)	84,828)	89,523)	88,215)
Income tax provision	(110,666)	(52,876)	(6,936)	(2,922)	(14,884)	(38,443)
Share of income (loss) from equity investee, net of taxes	(3,633)	1,206)	173)	2,402)	(2,721)	(3,607)
Net income	639,998)	285,163)	111,865)	84,308)	71,918)	46,165)

Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30).

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Income statement item	Description	The company
Net sales	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Super Micro Computer Inc. net sales increased from 2021 to 2022 and from 2022 to 2023.
Income from operations	The net result for the period of deducting operating expenses from operating revenues.	Super Micro Computer Inc. income from operations increased from 2021 to 2022 and from 2022 to 2023.
Income before income tax provision	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Super Micro Computer Inc. income before income tax provision increased from 2021 to 2022 and from 2022 to 2023.
Net income	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Super Micro Computer Inc. net income increased from 2021 to 2022 and from 2022 to 2023.

Super Micro Computer Inc. (NASDAQ:SMCI)

Income Statement