CNXC FY 2018 Earnings Report — Concentrix Corporation Revenue & Financial Results | Market Cap Arena

Concentrix CorporationCNXC

FY 2018 Earnings

Reported November 30, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$2.5B	—	$2.0B	—	23.8%
Op. Income	$145M	—	$115M	—	26.3%
Gross Margin	38.1%	—	37.6%	—	0.4pp
Net Margin	2.0%	—	3.6%	—	-1.7pp
EPS (Diluted)	$0.93	—	$1.40	—	-33.6%
Free Cash Flow	$120M	—	$90M	—	33.6%

Revenue Flow

Item	Amount
REVENUE	$2.5B
Cost of Revenue	$1.5B
GROSS PROFIT	$938M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$793M
Other Expenses	$0
Operating Expenses	$793M
Cost & Expenses	$2.3B
OPERATING INCOME	$145M
Interest Income	$0
Interest Expense	$38M
Other Income/Expenses	-$34M
INCOME BEFORE TAX	$111M
Income Tax Expense	$63M
Net Income from Continuing Ops	$48M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$48M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$48M
D&A	$155M
EBIT	$149M
EBITDA	$304M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.5B
Cost of Revenue	$1.5B
GROSS PROFIT	$938M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$793M
Other Expenses	$0
Operating Expenses	$793M
Cost & Expenses	$2.3B
OPERATING INCOME	$145M
Interest Income	$0
Interest Expense	$38M
Other Income/Expenses	-$34M
INCOME BEFORE TAX	$111M
Income Tax Expense	$63M
Net Income from Continuing Ops	$48M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$48M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$48M
D&A	$155M
EBIT	$149M
EBITDA	$304M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$48M
Depreciation & Amortization	$155M
Stock-Based Compensation	$0
Deferred Income Tax	-$11M
Other Non-Cash Items	-$2M
Change in Working Capital	$15M
OPERATING CASH FLOW	$212M
Capital Expenditure	-$93M
Acquisitions (Net)	-$1.1B
Purchases of Investments	-$34.0K
Sales/Maturities of Investments	$14M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$1.2B
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$951M
NET CASH FROM FINANCING	$951M
FREE CASH FLOW	$120M
Net Change in Cash	$125.0K

Balance Sheet

Item	Amount
Cash & Equivalents	$0
Short-Term Investments	$0
Net Receivables	$944M
Inventory	$4M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$420M
Goodwill	$1.8B
Intangible Assets	$1.1B
Long-Term Investments	$0
Tax Assets	$71M
Other Non-Current Assets	$97M
TOTAL NON-CURRENT ASSETS	$3.5B
TOTAL ASSETS	$0
Account Payables	$137M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$0
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$0
TOTAL LIABILITIES	$0
Common Stock	$1.4B
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	-$39M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$0
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$4.8B
Total Debt	$0
Net Debt	$0