Stock Analysis on Net
Stock Analysis on Net

Super Micro Computer Inc. (NASDAQ:SMCI)

$24.99

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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Super Micro Computer Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in thousands

Microsoft Excel
Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018
Accounts payable
Accrued liabilities
Income taxes payable
Lines of credit and current portion of term loans
Deferred revenue
Current liabilities
Deferred revenue, non-current
Term loans, non-current
Convertible notes
Other long-term liabilities
Non-current liabilities
Total liabilities
Common stock and additional paid-in capital, $0.001 par value
Treasury stock, at cost
Accumulated other comprehensive income (loss)
Retained earnings
Total Super Micro Computer, Inc. stockholders’ equity
Non-controlling interest
Total stockholders’ equity
Total liabilities and stockholders’ equity

Based on: 10-Q (reporting date: 2025-03-31), 10-Q (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-K (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30).

Accounts Payable
The accounts payable balance exhibited fluctuations from 2018 through 2024. Initial levels hovered around $330 million to $460 million until early 2020, followed by a considerable increase peaking at over $1.26 billion by December 2023. After this peak, it declined significantly to approximately $643 million by September 2024. This suggests variances in payment cycles or procurement activities over the periods.
Accrued Liabilities
Accrued liabilities trended upward over the period, rising from roughly $112 million in late 2018 to a high of about $290 million by December 2023, before a modest reduction to $344 million in mid-2024. The growth indicates increasing obligations incurred but not yet paid, possibly reflecting greater operational or administrative expenses.
Income Taxes Payable
Income taxes payable demonstrated notable volatility. Starting at around $10.9 million in September 2018, it dipped to lows under $2 million in early 2020 but then surged to above $161 million by September 2023 before retreating sharply to approximately $23.6 million by March 2024. This suggests fluctuations in taxable income or changes in tax payment timing.
Lines of Credit and Current Portion of Term Loans
This liability was generally variable with some pronounced peaks, such as approximately $403 million in September 2021 and July 2022, and a high of nearly $493 million in March 2024. Earlier periods showed much lower figures, indicating evolving short-term debt financing activities and possible refinancing or repayment patterns.
Deferred Revenue (Current and Non-Current)
Current deferred revenue rose from around $70 million at the end of 2018 to a peak near $352 million by the end of 2024, despite intermittent declines. Non-current deferred revenue gradually increased from $97 million in late 2018 to over $312 million by late 2024. Overall, deferred revenue growth reflects increasing advance payments or contractual obligations not yet recognized as revenue.
Term Loans, Non-Current
Term loans were absent in earlier years but appeared in mid-2020 with a balance of roughly $5.7 million, subsequently rising sharply to about $139 million by late 2021 and then progressively declining to approximately $43 million by mid-2024. This pattern points to debt drawdowns initially followed by repayments or refinancing.
Convertible Notes and Other Long-Term Liabilities
Convertible notes emerged in late 2023 at over $1.69 billion and surged to approximately $2.39 billion by late 2024. Other long-term liabilities fluctuated moderately, rising from about $27 million in 2018 to a peak near $88 million in late 2024. The introduction and large increase in convertible notes reflect new long-term funding transactions.
Non-Current Liabilities
Non-current liabilities increased steadily from about $125 million at the beginning of the period to a sizable $2.93 billion by late 2024, mainly driven by the rise in convertible notes and other long-term debts, signaling expansion of long-term funding and obligations.
Total Liabilities
Total liabilities showed a general upward trend with significant increases in recent years, especially from 2021 onward, climbing from approximately $864 million in 2018 to over $4.97 billion by late 2024. There were substantial jumps particularly in 2023, indicating marked growth in overall indebtedness.
Common Stock and Additional Paid-in Capital
This equity component grew steadily from about $336 million in 2018 to nearly $2.94 billion by late 2024, with a dramatic increase after 2021, suggesting significant capital raising activities or equity issuance during the period.
Treasury Stock
Treasury stock was consistently around a negative $20 million until a one-time adjustment to negative $50 million before disappearing from the records, indicating changes in stock repurchase accounting or disposals.
Accumulated Other Comprehensive Income (Loss)
This component experienced minor fluctuations, remaining relatively small compared to total equity, with a slight upward trend from a negative balance in 2018 to a positive near $663,000 in mid-2024.
Retained Earnings
Retained earnings showed a pronounced increase from $559 million in late 2018 to over $3.43 billion by September 2024, suggesting consistent profitability and earnings retention over the years despite some dips around 2020-2021.
Total Stockholders’ Equity
Equity increased substantially, from approximately $875 million in 2018 to nearly $6.38 billion by late 2024. The sharp rise after 2021 likely reflects a combination of equity issuance, retained earnings accumulation, and overall financial growth.
Total Liabilities and Stockholders’ Equity
This total grew steadily, indicating business growth and balance sheet expansion, rising from $1.74 billion in late 2018 to over $10.75 billion by late 2024, reflecting increased financing and asset growth.