NSIT FY 2022 Earnings Report — Insight Enterprises, Inc. Revenue & Financial Results | Market Cap Arena

Insight Enterprises, Inc.NSIT

FY 2022 Earnings

Reported February 16, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$10.4B	—	$9.4B	—	10.5%
Op. Income	$414M	—	$332M	—	24.6%
Gross Margin	15.7%	—	15.3%	—	0.3pp
Net Margin	2.7%	—	2.3%	—	0.4pp
EPS (Diluted)	$7.66	—	$5.95	—	28.7%
Free Cash Flow	$27M	—	$112M	—	-75.7%

Revenue Flow

Item	Amount
REVENUE	$10.4B
Cost of Revenue	$8.8B
GROSS PROFIT	$1.6B
R&D Expenses	$0
Selling & Marketing	$89M
General & Administrative	$1.1B
SG&A Expenses	$1.2B
Other Expenses	$6M
Operating Expenses	$1.2B
Cost & Expenses	$10.0B
OPERATING INCOME	$414M
Interest Income	$0
Interest Expense	$39M
Other Income/Expenses	-$39M
INCOME BEFORE TAX	$374M
Income Tax Expense	$94M
Net Income from Continuing Ops	$281M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$281M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$281M
D&A	$57M
EBIT	$420M
EBITDA	$477M
EPS	$8
EPS Diluted	$8

Income Statement

Item	Amount
REVENUE	$10.4B
Cost of Revenue	$8.8B
GROSS PROFIT	$1.6B
R&D Expenses	$0
Selling & Marketing	$89M
General & Administrative	$1.1B
SG&A Expenses	$1.2B
Other Expenses	$6M
Operating Expenses	$1.2B
Cost & Expenses	$10.0B
OPERATING INCOME	$414M
Interest Income	$0
Interest Expense	$39M
Other Income/Expenses	-$39M
INCOME BEFORE TAX	$374M
Income Tax Expense	$94M
Net Income from Continuing Ops	$281M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$281M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$281M
D&A	$57M
EBIT	$420M
EBITDA	$477M
EPS	$8
EPS Diluted	$8

Cash Flow Statement

Item	Amount
Net Income	$281M
Depreciation & Amortization	$57M
Stock-Based Compensation	$23M
Deferred Income Tax	-$9M
Other Non-Cash Items	$14M
Change in Working Capital	-$267M
OPERATING CASH FLOW	$98M
Capital Expenditure	-$71M
Acquisitions (Net)	-$68M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$1M
NET CASH FROM INVESTING	-$138M
Net Debt Issuance	$245M
Common Stock Repurchased	-$108M
Common Dividends Paid	$0
Other Financing Activities	-$23M
NET CASH FROM FINANCING	$114M
FREE CASH FLOW	$27M
Net Change in Cash	$60M

Balance Sheet

Item	Amount
Cash & Equivalents	$164M
Short-Term Investments	$0
Net Receivables	$3.3B
Inventory	$265M
Other Current Assets	$200M
TOTAL CURRENT ASSETS	$3.9B
PP&E (Net)	$280M
Goodwill	$493M
Intangible Assets	$205M
Long-Term Investments	$162M
Tax Assets	$6M
Other Non-Current Assets	$66M
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$5.1B
Account Payables	$1.8B
Short-Term Debt	$667M
Deferred Revenue	$102M
Other Current Liabilities	-$102M
TOTAL CURRENT LIABILITIES	$2.9B
Long-Term Debt	$292M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$33M
Other Non-Current Liabilities	$220M
TOTAL NON-CURRENT LIABILITIES	$608M
TOTAL LIABILITIES	$3.5B
Common Stock	$340.0K
Additional Paid-In Capital	$328M
Retained Earnings	$1.4B
Treasury Stock	$0
Accum. Other Comp. Income	-$59M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.6B
Minority Interest	$0
TOTAL EQUITY	$1.6B
TOTAL LIABILITIES & EQUITY	$5.1B
Total Debt	$1.0B
Net Debt	$858M