Cash Flow Statement
Quarterly Data
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.
Paying user area
Try for free
Super Micro Computer Inc. pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Balance Sheet: Assets
- Analysis of Profitability Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Capital Asset Pricing Model (CAPM)
- Dividend Discount Model (DDM)
- Return on Equity (ROE) since 2007
- Debt to Equity since 2007
- Price to Book Value (P/BV) since 2007
- Analysis of Revenues
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Super Micro Computer Inc. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Super Micro Computer Inc., consolidated cash flow statement (quarterly data)
US$ in thousands
Based on: 10-Q (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-K (reporting date: 2025-06-30), 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).
The financial statement information reveals significant fluctuations in cash flow patterns over the observed period. Net income demonstrates a generally increasing trend, particularly from 2021 onwards, with substantial peaks in late 2023 and early 2024. However, this growth is punctuated by periods of decline, notably in the first half of 2023 and the first quarter of 2025. Operating cash flow exhibits considerable volatility, mirroring the net income trends but with amplified swings. Financing activities show the most dramatic changes, driven by substantial debt issuance and stock offerings, especially in 2024 and 2025.
- Net Income and Operating Cash Flow
- Net income generally increased from 2019 to 2023, peaking at US$295,968 thousand in the December 2023 quarter. Operating cash flow, while positive for much of the period, experienced significant negative values in several quarters, particularly in the June 2020, June 2022, and December 2023 periods. The divergence between net income and operating cash flow suggests potential issues with working capital management, specifically related to accounts receivable and inventories. A substantial increase in inventory valuation write-downs in the March 2023 and June 2023 quarters further contributed to the negative operating cash flow.
- Investing Activities
- Cash used in investing activities remained relatively consistent, primarily driven by purchases of property, plant, and equipment. There were minor fluctuations related to investments in equity securities and acquisitions, but these were less impactful than the consistent capital expenditures. A significant increase in purchases of capped calls occurred in the December 2024 quarter.
- Financing Activities
- Financing activities were highly dynamic. The period from 2021 to 2025 saw a surge in net cash provided by financing, largely due to proceeds from lines of credit, term loans, and multiple convertible note issuances in 2024 and 2025. This was offset by substantial repayments of debt and significant stock repurchases, particularly in the March 2025 quarter. Proceeds from the exercise of stock options also contributed positively to cash flow from financing, though to a lesser extent than debt activities. The issuance of convertible notes in 2024 and 2025 dramatically increased cash inflows from financing.
- Working Capital
- Significant changes in accounts receivable, inventories, and accrued liabilities heavily influenced operating cash flow. Accounts receivable increased substantially in several periods, followed by large decreases, indicating potential challenges in collecting payments. Inventory levels fluctuated considerably, with large increases in some quarters and significant write-downs in others. Accrued liabilities also exhibited substantial volatility. These working capital fluctuations contributed significantly to the overall volatility in operating cash flow.
- Non-Cash Items
- Depreciation and amortization consistently contributed positively to cash flow from operations, increasing gradually over time. Stock-based compensation also provided a consistent, though smaller, positive contribution. However, deferred income taxes consistently represented a significant cash outflow, particularly in later periods. The inventory valuation adjustment write-down in 2023 had a substantial negative impact on cash flow. Unrealized foreign currency exchange gains and losses introduced further variability.
Overall, the cash flow statement reveals a company experiencing rapid growth, funded largely through debt and equity financing. While net income has generally increased, operating cash flow has been volatile, influenced by significant fluctuations in working capital. The substantial reliance on financing activities suggests a need to carefully manage debt levels and ensure sustainable operating cash flow generation.