SNX FY 2008 Earnings Report — TD SYNNEX Corporation Revenue & Financial Results | Market Cap Arena

TD SYNNEX CorporationSNX

FY 2008 Earnings

Reported January 27, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$7.7B	—	$7.0B	—	10.5%
Op. Income	$152M	—	$115M	—	32.7%
Gross Margin	5.3%	—	4.8%	—	0.5pp
Net Margin	1.1%	—	0.9%	—	0.2pp
EPS (Diluted)	$2.52	—	$1.93	—	30.6%
Free Cash Flow	$18M	—	-$175M	—	110.1%

Revenue Flow

Item	Amount
REVENUE	$7.7B
Cost of Revenue	$7.4B
GROSS PROFIT	$413M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$261M
Other Expenses	$0
Operating Expenses	$261M
Cost & Expenses	$7.6B
OPERATING INCOME	$152M
Interest Income	$0
Interest Expense	$14M
Other Income/Expenses	-$23M
INCOME BEFORE TAX	$124M
Income Tax Expense	$46M
Net Income from Continuing Ops	$78M
Net Income from Discontinued Ops	$0
Other Adjustments	$6M
NET INCOME	$84M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$84M
D&A	$19M
EBIT	$144M
EBITDA	$163M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$7.7B
Cost of Revenue	$7.4B
GROSS PROFIT	$413M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$261M
Other Expenses	$0
Operating Expenses	$261M
Cost & Expenses	$7.6B
OPERATING INCOME	$152M
Interest Income	$0
Interest Expense	$14M
Other Income/Expenses	-$23M
INCOME BEFORE TAX	$124M
Income Tax Expense	$46M
Net Income from Continuing Ops	$78M
Net Income from Discontinued Ops	$0
Other Adjustments	$6M
NET INCOME	$84M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$84M
D&A	$19M
EBIT	$144M
EBITDA	$163M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$84M
Depreciation & Amortization	$19M
Stock-Based Compensation	$7M
Deferred Income Tax	-$5M
Other Non-Cash Items	$24M
Change in Working Capital	-$75M
OPERATING CASH FLOW	$53M
Capital Expenditure	-$35M
Acquisitions (Net)	-$28M
Purchases of Investments	-$14M
Sales/Maturities of Investments	$15M
Other Investing Activities	-$3M
NET CASH FROM INVESTING	-$66M
Net Debt Issuance	$15M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$2M
NET CASH FROM FINANCING	$20M
FREE CASH FLOW	$18M
Net Change in Cash	$18M

Balance Sheet

Item	Amount
Cash & Equivalents	$61M
Short-Term Investments	$13M
Net Receivables	$909M
Inventory	$696M
Other Current Assets	$150M
TOTAL CURRENT ASSETS	$1.7B
PP&E (Net)	$85M
Goodwill	$113M
Intangible Assets	$24M
Long-Term Investments	$0
Tax Assets	$6M
Other Non-Current Assets	$109M
TOTAL NON-CURRENT ASSETS	$308M
TOTAL ASSETS	$2.0B
Account Payables	$571M
Short-Term Debt	$340M
Deferred Revenue	$0
Other Current Liabilities	$35M
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$152M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1M
Other Non-Current Liabilities	$63M
TOTAL NON-CURRENT LIABILITIES	$214M
TOTAL LIABILITIES	$1.3B
Common Stock	$32.0K
Additional Paid-In Capital	$208M
Retained Earnings	$463M
Treasury Stock	$0
Accum. Other Comp. Income	$9M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$680M
Minority Interest	$5M
TOTAL EQUITY	$685M
TOTAL LIABILITIES & EQUITY	$2.0B
Total Debt	$493M
Net Debt	$458M