CNXC FY 2022 Earnings Report — Concentrix Corporation Revenue & Financial Results | Market Cap Arena

Concentrix CorporationCNXC

FY 2022 Earnings

Reported January 27, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$6.3B	—	$5.6B	—	13.2%
Op. Income	$640M	—	$572M	—	11.8%
Gross Margin	35.7%	—	35.3%	—	0.4pp
Net Margin	6.9%	—	7.3%	—	-0.4pp
EPS (Diluted)	$8.28	—	$7.70	—	7.5%
Free Cash Flow	$461M	—	$365M	—	26.2%

Revenue Flow

Item	Amount
REVENUE	$6.3B
Cost of Revenue	$4.1B
GROSS PROFIT	$2.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.6B
Other Expenses	$0
Operating Expenses	$1.6B
Cost & Expenses	$5.7B
OPERATING INCOME	$640M
Interest Income	$0
Interest Expense	$70M
Other Income/Expenses	-$35M
INCOME BEFORE TAX	$605M
Income Tax Expense	$169M
Net Income from Continuing Ops	$436M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$435M
Net Income Deductions	$7M
BOTTOM LINE NET INCOME	$422M
D&A	$310M
EBIT	$675M
EBITDA	$985M
EPS	$8
EPS Diluted	$8

Income Statement

Item	Amount
REVENUE	$6.3B
Cost of Revenue	$4.1B
GROSS PROFIT	$2.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.6B
Other Expenses	$0
Operating Expenses	$1.6B
Cost & Expenses	$5.7B
OPERATING INCOME	$640M
Interest Income	$0
Interest Expense	$70M
Other Income/Expenses	-$35M
INCOME BEFORE TAX	$605M
Income Tax Expense	$169M
Net Income from Continuing Ops	$436M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$435M
Net Income Deductions	$7M
BOTTOM LINE NET INCOME	$422M
D&A	$310M
EBIT	$675M
EBITDA	$985M
EPS	$8
EPS Diluted	$8

Cash Flow Statement

Item	Amount
Net Income	$436M
Depreciation & Amortization	$310M
Stock-Based Compensation	$47M
Deferred Income Tax	-$31M
Other Non-Cash Items	$4M
Change in Working Capital	-$165M
OPERATING CASH FLOW	$601M
Capital Expenditure	-$140M
Acquisitions (Net)	-$1.7B
Purchases of Investments	-$1M
Sales/Maturities of Investments	$1M
Other Investing Activities	-$1M
NET CASH FROM INVESTING	-$1.8B
Net Debt Issuance	$1.4B
Common Stock Repurchased	-$133M
Common Dividends Paid	-$53M
Other Financing Activities	-$2M
NET CASH FROM FINANCING	$1.2B
FREE CASH FLOW	$461M
Net Change in Cash	-$26M

Balance Sheet

Item	Amount
Cash & Equivalents	$157M
Short-Term Investments	$0
Net Receivables	$1.4B
Inventory	$0
Other Current Assets	$206M
TOTAL CURRENT ASSETS	$1.8B
PP&E (Net)	$404M
Goodwill	$2.9B
Intangible Assets	$986M
Long-Term Investments	$0
Tax Assets	$49M
Other Non-Current Assets	$573M
TOTAL NON-CURRENT ASSETS	$4.9B
TOTAL ASSETS	$6.7B
Account Payables	$161M
Short-Term Debt	$159M
Deferred Revenue	$0
Other Current Liabilities	$237M
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$2.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$105M
Other Non-Current Liabilities	$171M
TOTAL NON-CURRENT LIABILITIES	$2.8B
TOTAL LIABILITIES	$4.0B
Common Stock	$5.0K
Additional Paid-In Capital	$2.4B
Retained Earnings	$774M
Treasury Stock	-$191M
Accum. Other Comp. Income	-$316M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.7B
Minority Interest	$0
TOTAL EQUITY	$2.7B
TOTAL LIABILITIES & EQUITY	$6.7B
Total Debt	$2.7B
Net Debt	$2.6B