Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Super Micro Computer Inc., consolidated cash flow statement

US$ in thousands

12 months ended:	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019
Net income	1,152,666)	639,998)	285,163)	111,865)	84,308)	71,918)
Depreciation, amortization and non-cash interest	40,985)	34,904)	32,471)	28,185)	28,472)	24,202)
Stock-based compensation expense	231,507)	54,433)	32,816)	28,549)	20,189)	21,184)
Impairment of investments	—)	—)	—)	—)	—)	2,661)
Share of (income) loss from equity investee	(1,821)	3,633)	(1,206)	(173)	(2,402)	2,721)
Unrealized foreign currency exchange (gain) loss	(531)	(2,619)	(13,747)	2,482)	1,008)	(313)
Deferred income taxes, net	(168,499)	(92,969)	(6,817)	(8,390)	(13,772)	(17,100)
Other	12,343)	(668)	368)	(1,044)	1,364)	733)
Accounts receivable, net	(1,589,187)	(311,897)	(372,438)	(60,145)	(10,104)	92,085)
Inventories	(2,899,996)	100,042)	(504,642)	(189,466)	(181,310)	152,260)
Prepaid expenses and other assets	(44,646)	8,313)	(28,794)	(5,291)	(29,869)	8,410)
Accounts payable	679,190)	127,135)	50,145)	189,309)	59,889)	(173,410)
Accrued liabilities	92,942)	(50,311)	35,891)	24,705)	27,865)	11,456)
Income taxes payable	(110,897)	87,423)	29,002)	8,041)	(8,321)	5,831)
Deferred revenue	111,927)	70,587)	31,544)	(1,452)	350)	59,800)
Other long-term liabilities	8,045)	(4,424)	(10,557)	(4,220)	(8,001)	116)
Changes in operating assets and liabilities	(3,752,622)	26,868)	(769,849)	(38,519)	(149,501)	156,548)
Reconciliation of net income to net cash provided by (used in) operating activities	(3,638,638)	23,582)	(725,964)	11,090)	(114,642)	190,636)
Net cash provided by (used in) operating activities	(2,485,972)	663,580)	(440,801)	122,955)	(30,334)	262,554)
Purchases of property, plant and equipment	(124,279)	(36,793)	(45,182)	(58,016)	(44,338)	(24,849)
Investment in equity securities	(69,673)	(500)	(1,100)	—)	—)	—)
Acquisition, net of cash acquired	(296)	(2,193)	—)	—)	—)	—)
Proceeds from sale of investment in a privately-held company	—)	—)	—)	—)	750)	—)
Net cash used in investing activities	(194,248)	(39,486)	(46,282)	(58,016)	(43,588)	(24,849)
Proceeds from lines of credit and term loans	2,156,529)	1,093,860)	1,153,317)	127,059)	164,791)	41,760)
Repayment of lines of credit and term loans	(1,967,545)	(1,394,391)	(640,695)	(60,629)	(159,191)	(67,700)
Net borrowings (repayment) on asset-backed revolving line of credit, net of costs	—)	—)	—)	—)	(1,116)	(65,945)
Payment of other fees for debt financing	—)	—)	(592)	(561)	(650)	(625)
Proceeds from exercise of stock options	29,453)	30,466)	20,994)	28,387)	28,343)	—)
Payment of withholding tax on vesting of restricted stock units	(174,354)	(28,197)	(10,081)	(8,721)	(8,243)	(3,051)
Stock repurchases	—)	(149,998)	—)	(130,000)	—)	—)
Issuances of common stock in public offerings, net of issuance costs	2,313,983)	—)	—)	—)	—)	—)
Proceeds from issuance of 2029 Convertible Notes, net of issuance costs	1,695,768)	—)	—)	—)	—)	—)
Purchase of capped calls	(142,140)	—)	—)	—)	—)	—)
Other	30)	(33)	(72)	25)	(138)	(267)
Net cash provided by (used in) financing activities	3,911,724)	(448,293)	522,871)	(44,440)	23,796)	(95,828)
Effect of exchange rate fluctuations on cash	(2,191)	(3,400)	(678)	560)	376)	(119)
Net increase (decrease) in cash, cash equivalents and restricted cash	1,229,313)	172,401)	35,110)	21,059)	(49,750)	141,758)
Cash, cash equivalents and restricted cash at beginning of year	440,960)	268,559)	233,449)	212,390)	262,140)	120,382)
Cash, cash equivalents and restricted cash at end of year	1,670,273)	440,960)	268,559)	233,449)	212,390)	262,140)

Based on: 10-K (reporting date: 2024-06-30), 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).

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Cash flow statement item	Description	The company
Net cash provided by (used in) operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Super Micro Computer Inc. net cash provided by (used in) operating activities increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.
Net cash used in investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Super Micro Computer Inc. net cash used in investing activities increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.
Net cash provided by (used in) financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Super Micro Computer Inc. net cash provided by (used in) financing activities decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.

Super Micro Computer Inc. (NASDAQ:SMCI)

Cash Flow Statement