NSIT FY 2013 Earnings Report — Insight Enterprises, Inc. Revenue & Financial Results | Market Cap Arena

Insight Enterprises, Inc.NSIT

FY 2013 Earnings

Reported February 21, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$5.1B	—	$5.3B	—	-3.0%
Op. Income	$121M	—	$148M	—	-18.2%
Gross Margin	13.6%	—	13.6%	—	0.0pp
Net Margin	1.4%	—	1.7%	—	-0.4pp
EPS (Diluted)	$1.64	—	$2.07	—	-20.8%
Free Cash Flow	$57M	—	$37M	—	53.0%

Revenue Flow

Item	Amount
REVENUE	$5.1B
Cost of Revenue	$4.4B
GROSS PROFIT	$699M
R&D Expenses	$0
Selling & Marketing	$29M
General & Administrative	$536M
SG&A Expenses	$565M
Other Expenses	-$1M
Operating Expenses	$565M
Cost & Expenses	$5.0B
OPERATING INCOME	$121M
Interest Income	$1M
Interest Expense	$6M
Other Income/Expenses	-$7M
INCOME BEFORE TAX	$115M
Income Tax Expense	$44M
Net Income from Continuing Ops	$71M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$71M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$71M
D&A	$42M
EBIT	$134M
EBITDA	$176M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$5.1B
Cost of Revenue	$4.4B
GROSS PROFIT	$699M
R&D Expenses	$0
Selling & Marketing	$29M
General & Administrative	$536M
SG&A Expenses	$565M
Other Expenses	-$1M
Operating Expenses	$565M
Cost & Expenses	$5.0B
OPERATING INCOME	$121M
Interest Income	$1M
Interest Expense	$6M
Other Income/Expenses	-$7M
INCOME BEFORE TAX	$115M
Income Tax Expense	$44M
Net Income from Continuing Ops	$71M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$71M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$71M
D&A	$42M
EBIT	$134M
EBITDA	$176M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$71M
Depreciation & Amortization	$42M
Stock-Based Compensation	$6M
Deferred Income Tax	$3M
Other Non-Cash Items	$8M
Change in Working Capital	-$54M
OPERATING CASH FLOW	$76M
Capital Expenditure	-$19M
Acquisitions (Net)	-$4M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$4M
NET CASH FROM INVESTING	-$19M
Net Debt Issuance	-$14M
Common Stock Repurchased	-$58M
Common Dividends Paid	$0
Other Financing Activities	-$4M
NET CASH FROM FINANCING	-$76M
FREE CASH FLOW	$57M
Net Change in Cash	-$25M

Balance Sheet

Item	Amount
Cash & Equivalents	$127M
Short-Term Investments	$0
Net Receivables	$1.3B
Inventory	$136M
Other Current Assets	$74M
TOTAL CURRENT ASSETS	$1.6B
PP&E (Net)	$133M
Goodwill	$26M
Intangible Assets	$36M
Long-Term Investments	$0
Tax Assets	$59M
Other Non-Current Assets	$20M
TOTAL NON-CURRENT ASSETS	$273M
TOTAL ASSETS	$1.9B
Account Payables	$736M
Short-Term Debt	$115M
Deferred Revenue	$44M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$67M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$443.0K
Other Non-Current Liabilities	$32M
TOTAL NON-CURRENT LIABILITIES	$99M
TOTAL LIABILITIES	$1.2B
Common Stock	$420.0K
Additional Paid-In Capital	$349M
Retained Earnings	$354M
Treasury Stock	$0
Accum. Other Comp. Income	$14M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$717M
Minority Interest	$0
TOTAL EQUITY	$717M
TOTAL LIABILITIES & EQUITY	$1.9B
Total Debt	$182M
Net Debt	$56M