NSIT FY 2019 Earnings Report — Insight Enterprises, Inc. Revenue & Financial Results | Market Cap Arena

Insight Enterprises, Inc.NSIT

FY 2019 Earnings

Reported February 21, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$7.7B	—	$7.1B	—	9.2%
Op. Income	$241M	—	$233M	—	3.0%
Gross Margin	14.7%	—	14.0%	—	0.7pp
Net Margin	2.1%	—	2.3%	—	-0.2pp
EPS (Diluted)	$4.43	—	$4.55	—	-2.6%
Free Cash Flow	$59M	—	$275M	—	-78.7%

Revenue Flow

Item	Amount
REVENUE	$7.7B
Cost of Revenue	$6.6B
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$12M
General & Administrative	$823M
SG&A Expenses	$881M
Other Expenses	$17M
Operating Expenses	$898M
Cost & Expenses	$7.5B
OPERATING INCOME	$241M
Interest Income	$0
Interest Expense	$28M
Other Income/Expenses	-$29M
INCOME BEFORE TAX	$212M
Income Tax Expense	$52M
Net Income from Continuing Ops	$159M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$159M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$159M
D&A	$46M
EBIT	$240M
EBITDA	$286M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$7.7B
Cost of Revenue	$6.6B
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$12M
General & Administrative	$823M
SG&A Expenses	$881M
Other Expenses	$17M
Operating Expenses	$898M
Cost & Expenses	$7.5B
OPERATING INCOME	$241M
Interest Income	$0
Interest Expense	$28M
Other Income/Expenses	-$29M
INCOME BEFORE TAX	$212M
Income Tax Expense	$52M
Net Income from Continuing Ops	$159M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$159M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$159M
D&A	$46M
EBIT	$240M
EBITDA	$286M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$159M
Depreciation & Amortization	$46M
Stock-Based Compensation	$16M
Deferred Income Tax	$7M
Other Non-Cash Items	$17M
Change in Working Capital	-$118M
OPERATING CASH FLOW	$128M
Capital Expenditure	-$69M
Acquisitions (Net)	-$664M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$733M
Net Debt Issuance	$697M
Common Stock Repurchased	-$28M
Common Dividends Paid	$0
Other Financing Activities	-$92M
NET CASH FROM FINANCING	$578M
FREE CASH FLOW	$59M
Net Change in Cash	-$28M

Balance Sheet

Item	Amount
Cash & Equivalents	$115M
Short-Term Investments	$0
Net Receivables	$2.5B
Inventory	$191M
Other Current Assets	$231M
TOTAL CURRENT ASSETS	$3.0B
PP&E (Net)	$206M
Goodwill	$415M
Intangible Assets	$279M
Long-Term Investments	$154M
Tax Assets	$4M
Other Non-Current Assets	$73M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$4.2B
Account Payables	$1.3B
Short-Term Debt	$275M
Deferred Revenue	$0
Other Current Liabilities	$333M
TOTAL CURRENT LIABILITIES	$1.9B
Long-Term Debt	$856M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$45M
Other Non-Current Liabilities	$172M
TOTAL NON-CURRENT LIABILITIES	$1.1B
TOTAL LIABILITIES	$3.0B
Common Stock	$353.0K
Additional Paid-In Capital	$357M
Retained Earnings	$841M
Treasury Stock	$0
Accum. Other Comp. Income	-$38M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$4.2B
Total Debt	$1.2B
Net Debt	$1.1B