NSIT FY 2021 Earnings Report — Insight Enterprises, Inc. Revenue & Financial Results | Market Cap Arena

Insight Enterprises, Inc.NSIT

FY 2021 Earnings

Reported February 18, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$9.4B	—	$8.3B	—	13.1%
Op. Income	$332M	—	$272M	—	22.3%
Gross Margin	15.3%	—	15.6%	—	-0.2pp
Net Margin	2.3%	—	2.1%	—	0.3pp
EPS (Diluted)	$5.95	—	$4.87	—	22.2%
Free Cash Flow	$112M	—	$331M	—	-66.3%

Revenue Flow

Item	Amount
REVENUE	$9.4B
Cost of Revenue	$8.0B
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$66M
General & Administrative	$1.1B
SG&A Expenses	$1.1B
Other Expenses	-$2M
Operating Expenses	$1.1B
Cost & Expenses	$9.1B
OPERATING INCOME	$332M
Interest Income	$0
Interest Expense	$41M
Other Income/Expenses	-$40M
INCOME BEFORE TAX	$293M
Income Tax Expense	$73M
Net Income from Continuing Ops	$219M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$219M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$219M
D&A	$55M
EBIT	$330M
EBITDA	$386M
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$9.4B
Cost of Revenue	$8.0B
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$66M
General & Administrative	$1.1B
SG&A Expenses	$1.1B
Other Expenses	-$2M
Operating Expenses	$1.1B
Cost & Expenses	$9.1B
OPERATING INCOME	$332M
Interest Income	$0
Interest Expense	$41M
Other Income/Expenses	-$40M
INCOME BEFORE TAX	$293M
Income Tax Expense	$73M
Net Income from Continuing Ops	$219M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$219M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$219M
D&A	$55M
EBIT	$330M
EBITDA	$386M
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$219M
Depreciation & Amortization	$55M
Stock-Based Compensation	$18M
Deferred Income Tax	$12M
Other Non-Cash Items	$21M
Change in Working Capital	-$163M
OPERATING CASH FLOW	$164M
Capital Expenditure	-$52M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$31M
NET CASH FROM INVESTING	-$21M
Net Debt Issuance	-$101M
Common Stock Repurchased	-$50M
Common Dividends Paid	$0
Other Financing Activities	-$10M
NET CASH FROM FINANCING	-$161M
FREE CASH FLOW	$112M
Net Change in Cash	-$25M

Balance Sheet

Item	Amount
Cash & Equivalents	$104M
Short-Term Investments	$0
Net Receivables	$2.9B
Inventory	$328M
Other Current Assets	$200M
TOTAL CURRENT ASSETS	$3.6B
PP&E (Net)	$249M
Goodwill	$428M
Intangible Assets	$215M
Long-Term Investments	$147M
Tax Assets	$6M
Other Non-Current Assets	$76M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$4.7B
Account Payables	$1.8B
Short-Term Debt	$333M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$2.5B
Long-Term Debt	$362M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$47M
Other Non-Current Liabilities	$198M
TOTAL NON-CURRENT LIABILITIES	$665M
TOTAL LIABILITIES	$3.2B
Common Stock	$349.0K
Additional Paid-In Capital	$368M
Retained Earnings	$1.2B
Treasury Stock	$0
Accum. Other Comp. Income	-$27M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$0
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$4.7B
Total Debt	$753M
Net Debt	$649M