CNXC FY 2019 Earnings Report — Concentrix Corporation Revenue & Financial Results | Market Cap Arena

Concentrix CorporationCNXC

FY 2019 Earnings

Reported November 30, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$4.7B	—	$2.5B	—	91.1%
Op. Income	$294M	—	$145M	—	103.3%
Gross Margin	37.1%	—	38.1%	—	-0.9pp
Net Margin	2.5%	—	2.0%	—	0.5pp
EPS (Diluted)	$2.27	—	$0.93	—	144.1%
Free Cash Flow	$339M	—	$120M	—	182.6%

Revenue Flow

Item	Amount
REVENUE	$4.7B
Cost of Revenue	$3.0B
GROSS PROFIT	$1.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.5B
Other Expenses	$0
Operating Expenses	$1.5B
Cost & Expenses	$4.4B
OPERATING INCOME	$294M
Interest Income	$0
Interest Expense	$92M
Other Income/Expenses	-$90M
INCOME BEFORE TAX	$204M
Income Tax Expense	$87M
Net Income from Continuing Ops	$117M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$117M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$117M
D&A	$306M
EBIT	$297M
EBITDA	$602M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$4.7B
Cost of Revenue	$3.0B
GROSS PROFIT	$1.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.5B
Other Expenses	$0
Operating Expenses	$1.5B
Cost & Expenses	$4.4B
OPERATING INCOME	$294M
Interest Income	$0
Interest Expense	$92M
Other Income/Expenses	-$90M
INCOME BEFORE TAX	$204M
Income Tax Expense	$87M
Net Income from Continuing Ops	$117M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$117M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$117M
D&A	$306M
EBIT	$297M
EBITDA	$602M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$117M
Depreciation & Amortization	$306M
Stock-Based Compensation	$10M
Deferred Income Tax	$17M
Other Non-Cash Items	$10M
Change in Working Capital	-$11M
OPERATING CASH FLOW	$450M
Capital Expenditure	-$111M
Acquisitions (Net)	-$9M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$30M
NET CASH FROM INVESTING	-$151M
Net Debt Issuance	-$148M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$192M
NET CASH FROM FINANCING	-$340M
FREE CASH FLOW	$339M
Net Change in Cash	-$44M

Balance Sheet

Item	Amount
Cash & Equivalents	$84M
Short-Term Investments	$0
Net Receivables	$1.0B
Inventory	$4M
Other Current Assets	$200M
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$411M
Goodwill	$1.8B
Intangible Assets	$934M
Long-Term Investments	$0
Tax Assets	$65M
Other Non-Current Assets	$114M
TOTAL NON-CURRENT ASSETS	$3.4B
TOTAL ASSETS	$4.7B
Account Payables	$192M
Short-Term Debt	$2.1B
Deferred Revenue	$0
Other Current Liabilities	$190M
TOTAL CURRENT LIABILITIES	$2.7B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$189M
Other Non-Current Liabilities	$297M
TOTAL NON-CURRENT LIABILITIES	$486M
TOTAL LIABILITIES	$3.2B
Common Stock	$1.5B
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	-$50M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$0
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$4.7B
Total Debt	$2.1B
Net Debt	$2.0B