Balance Sheet: Assets
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.
Super Micro Computer Inc., consolidated balance sheet: assets
US$ in thousands
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).
- Cash and Cash Equivalents
- Cash and cash equivalents experienced fluctuations over the reported periods. There was a decline from 2019 through 2020, followed by a steady increase up to 2023, culminating in a significant surge in 2024 where the amount nearly quadrupled compared to the previous year.
- Accounts Receivable, Net of Allowance for Credit Losses
- Accounts receivable showed a consistent upward trend throughout the periods, with substantial growth especially between 2021 and 2024. The increase accelerated sharply in 2024, more than doubling compared to the previous year.
- Inventories
- Inventories increased steadily from 2019 to 2022, peaking in 2022. There was a slight decrease in 2023 followed by a significant jump in 2024, suggesting inventory buildup or accumulation of finished goods and raw materials.
- Prepaid Expenses and Other Current Assets
- This category showed minor fluctuations with a general upward trajectory, increasing gradually over the years. A slight decline occurred in 2023, but the amount increased again in 2024.
- Current Assets
- Current assets grew consistently from 2019 to 2024. The growth accelerated particularly after 2021, reflecting expansions in cash, accounts receivable, inventories, and other components. The increase from 2023 to 2024 is notably sharp, more than doubling.
- Property, Plant, and Equipment, Net
- The net value of property, plant, and equipment gradually increased from 2019 to 2024, with modest growth each year. The most significant rise occurred between 2023 and 2024.
- Deferred Income Taxes, Net
- Deferred income taxes rose steadily from 2019 to 2022, followed by a marked increase in 2023 and an even larger jump in 2024, indicating changes in tax timing differences or tax planning strategies.
- Other Assets
- Other assets remained relatively stable through 2019 to 2023, with some fluctuations, and experienced notable growth in 2024, almost tripling the previous year’s amount.
- Non-Current Assets
- Non-current assets increased gradually from 2019 to 2023 before almost doubling in 2024, reflecting investments in long-term assets including property, plant, equipment, deferred taxes, and other assets.
- Total Assets
- Total assets demonstrated a rising trend over the six-year span. The increase was modest from 2019 to 2021, accelerated from 2021 to 2023, and surged dramatically in 2024, nearly tripling the 2023 level. This indicates significant asset expansion, highlighting aggressive growth or investment strategies in the most recent period.