CNXC FY 2021 Earnings Report — Concentrix Corporation Revenue & Financial Results | Market Cap Arena

Concentrix CorporationCNXC

FY 2021 Earnings

Reported January 28, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$5.6B	—	$4.7B	—	18.4%
Op. Income	$572M	—	$309M	—	85.4%
Gross Margin	35.3%	—	35.2%	—	0.0pp
Net Margin	7.3%	—	3.5%	—	3.8pp
EPS (Diluted)	$7.70	—	$3.19	—	141.4%
Free Cash Flow	$365M	—	$336M	—	8.6%

Revenue Flow

Item	Amount
REVENUE	$5.6B
Cost of Revenue	$3.6B
GROSS PROFIT	$2.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.4B
Other Expenses	$0
Operating Expenses	$1.4B
Cost & Expenses	$5.0B
OPERATING INCOME	$572M
Interest Income	$0
Interest Expense	$23M
Other Income/Expenses	-$17M
INCOME BEFORE TAX	$556M
Income Tax Expense	$150M
Net Income from Continuing Ops	$406M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$406M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$400M
D&A	$277M
EBIT	$579M
EBITDA	$856M
EPS	$8
EPS Diluted	$8

Income Statement

Item	Amount
REVENUE	$5.6B
Cost of Revenue	$3.6B
GROSS PROFIT	$2.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.4B
Other Expenses	$0
Operating Expenses	$1.4B
Cost & Expenses	$5.0B
OPERATING INCOME	$572M
Interest Income	$0
Interest Expense	$23M
Other Income/Expenses	-$17M
INCOME BEFORE TAX	$556M
Income Tax Expense	$150M
Net Income from Continuing Ops	$406M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$406M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$400M
D&A	$277M
EBIT	$579M
EBITDA	$856M
EPS	$8
EPS Diluted	$8

Cash Flow Statement

Item	Amount
Net Income	$406M
Depreciation & Amortization	$277M
Stock-Based Compensation	$36M
Deferred Income Tax	-$26M
Other Non-Cash Items	-$14M
Change in Working Capital	-$165M
OPERATING CASH FLOW	$514M
Capital Expenditure	-$149M
Acquisitions (Net)	$70M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$79M
Net Debt Issuance	-$345M
Common Stock Repurchased	-$57M
Common Dividends Paid	-$13M
Other Financing Activities	$14M
NET CASH FROM FINANCING	-$402M
FREE CASH FLOW	$365M
Net Change in Cash	$27M

Balance Sheet

Item	Amount
Cash & Equivalents	$183M
Short-Term Investments	$0
Net Receivables	$1.2B
Inventory	$0
Other Current Assets	$152M
TOTAL CURRENT ASSETS	$1.5B
PP&E (Net)	$407M
Goodwill	$1.8B
Intangible Assets	$656M
Long-Term Investments	$0
Tax Assets	$48M
Other Non-Current Assets	$579M
TOTAL NON-CURRENT ASSETS	$3.5B
TOTAL ASSETS	$5.0B
Account Payables	$129M
Short-Term Debt	$153M
Deferred Revenue	$0
Other Current Liabilities	$198M
TOTAL CURRENT LIABILITIES	$968M
Long-Term Debt	$802M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$109M
Other Non-Current Liabilities	$192M
TOTAL NON-CURRENT LIABILITIES	$1.5B
TOTAL LIABILITIES	$2.4B
Common Stock	$5.0K
Additional Paid-In Capital	$2.4B
Retained Earnings	$392M
Treasury Stock	-$57M
Accum. Other Comp. Income	-$71M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.6B
Minority Interest	$0
TOTAL EQUITY	$2.6B
TOTAL LIABILITIES & EQUITY	$5.0B
Total Debt	$1.3B
Net Debt	$1.1B