NSIT FY 2011 Earnings Report — Insight Enterprises, Inc. Revenue & Financial Results | Market Cap Arena

Insight Enterprises, Inc.NSIT

FY 2011 Earnings

Reported February 23, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$5.3B	—	$4.8B	—	9.9%
Op. Income	$147M	—	$124M	—	18.8%
Gross Margin	13.4%	—	13.4%	—	-0.0pp
Net Margin	1.9%	—	1.6%	—	0.3pp
EPS (Diluted)	$2.18	—	$1.61	—	35.4%
Free Cash Flow	$89M	—	$80M	—	10.5%

Revenue Flow

Item	Amount
REVENUE	$5.3B
Cost of Revenue	$4.6B
GROSS PROFIT	$709M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$557M
SG&A Expenses	$557M
Other Expenses	$0
Operating Expenses	$557M
Cost & Expenses	$5.1B
OPERATING INCOME	$147M
Interest Income	$2M
Interest Expense	$7M
Other Income/Expenses	-$6M
INCOME BEFORE TAX	$142M
Income Tax Expense	$41M
Net Income from Continuing Ops	$100M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$100M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$100M
D&A	$39M
EBIT	$149M
EBITDA	$188M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$5.3B
Cost of Revenue	$4.6B
GROSS PROFIT	$709M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$557M
SG&A Expenses	$557M
Other Expenses	$0
Operating Expenses	$557M
Cost & Expenses	$5.1B
OPERATING INCOME	$147M
Interest Income	$2M
Interest Expense	$7M
Other Income/Expenses	-$6M
INCOME BEFORE TAX	$142M
Income Tax Expense	$41M
Net Income from Continuing Ops	$100M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$100M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$100M
D&A	$39M
EBIT	$149M
EBITDA	$188M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$100M
Depreciation & Amortization	$39M
Stock-Based Compensation	$8M
Deferred Income Tax	$5M
Other Non-Cash Items	$11M
Change in Working Capital	-$47M
OPERATING CASH FLOW	$116M
Capital Expenditure	-$27M
Acquisitions (Net)	-$14M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$41M
Net Debt Issuance	$24M
Common Stock Repurchased	-$50M
Common Dividends Paid	$0
Other Financing Activities	-$42M
NET CASH FROM FINANCING	-$68M
FREE CASH FLOW	$89M
Net Change in Cash	$5M

Balance Sheet

Item	Amount
Cash & Equivalents	$128M
Short-Term Investments	$0
Net Receivables	$1.2B
Inventory	$159M
Other Current Assets	$40M
TOTAL CURRENT ASSETS	$1.5B
PP&E (Net)	$141M
Goodwill	$26M
Intangible Assets	$59M
Long-Term Investments	$0
Tax Assets	$71M
Other Non-Current Assets	$25M
TOTAL NON-CURRENT ASSETS	$322M
TOTAL ASSETS	$1.9B
Account Payables	$882M
Short-Term Debt	$1M
Deferred Revenue	$47M
Other Current Liabilities	-$1M
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$115M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1M
Other Non-Current Liabilities	$35M
TOTAL NON-CURRENT LIABILITIES	$152M
TOTAL LIABILITIES	$1.3B
Common Stock	$439.0K
Additional Paid-In Capital	$360M
Retained Earnings	$223M
Treasury Stock	$0
Accum. Other Comp. Income	$13M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$597M
Minority Interest	$0
TOTAL EQUITY	$597M
TOTAL LIABILITIES & EQUITY	$1.9B
Total Debt	$117M
Net Debt	-$12M