CNXC Q4 2019 Earnings Report — Concentrix Corporation Revenue & Financial Results | Market Cap Arena

Concentrix CorporationCNXC

Q4 2019 Earnings

Reported November 29, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2019	Q3 2019	Q4 2018	QoQ Change	YoY Change
Revenue	$1.2B	$1.2B	—	4.5%	—
Op. Income	$101M	$79M	—	28.1%	—
Gross Margin	37.8%	36.7%	—	1.1pp	—
Net Margin	2.6%	2.6%	—	0.0pp	—
EPS (Diluted)	$0.62	$0.59	—	5.6%	—
Free Cash Flow	$127M	$38M	—	235.6%	—

Revenue Flow

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$754M
GROSS PROFIT	$458M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$357M
Other Expenses	$0
Operating Expenses	$357M
Cost & Expenses	$1.1B
OPERATING INCOME	$101M
Interest Income	$0
Interest Expense	$20M
Other Income/Expenses	-$21M
INCOME BEFORE TAX	$81M
Income Tax Expense	$49M
Net Income from Continuing Ops	$32M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$32M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$32M
D&A	$74M
EBIT	$101M
EBITDA	$175M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$754M
GROSS PROFIT	$458M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$357M
Other Expenses	$0
Operating Expenses	$357M
Cost & Expenses	$1.1B
OPERATING INCOME	$101M
Interest Income	$0
Interest Expense	$20M
Other Income/Expenses	-$21M
INCOME BEFORE TAX	$81M
Income Tax Expense	$49M
Net Income from Continuing Ops	$32M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$32M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$32M
D&A	$74M
EBIT	$101M
EBITDA	$175M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$32M
Depreciation & Amortization	$74M
Stock-Based Compensation	$4M
Deferred Income Tax	$24M
Other Non-Cash Items	$7M
Change in Working Capital	$25M
OPERATING CASH FLOW	$167M
Capital Expenditure	-$40M
Acquisitions (Net)	-$780.0K
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$4M
NET CASH FROM INVESTING	-$45M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$114M
NET CASH FROM FINANCING	-$114M
FREE CASH FLOW	$127M
Net Change in Cash	$2M

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