SNX FY 2013 Earnings Report — TD SYNNEX Corporation Revenue & Financial Results | Market Cap Arena

TD SYNNEX CorporationSNX

FY 2013 Earnings

Reported January 27, 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	$10.8B	—	—	—	—
Op. Income	$241M	—	—	—	—
Gross Margin	5.8%	—	—	—	—
Net Margin	1.4%	—	—	—	—
EPS (Diluted)	$3.06	—	—	—	—
Free Cash Flow	$7M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$10.8B
Cost of Revenue	$10.2B
GROSS PROFIT	$631M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$390M
Other Expenses	$0
Operating Expenses	$390M
Cost & Expenses	$10.6B
OPERATING INCOME	$241M
Interest Income	$0
Interest Expense	$17M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$238M
Income Tax Expense	$86M
Net Income from Continuing Ops	$152M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$152M
Net Income Deductions	$36M
BOTTOM LINE NET INCOME	$114M
D&A	$24M
EBIT	$255M
EBITDA	$280M
EPS	$4
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$10.8B
Cost of Revenue	$10.2B
GROSS PROFIT	$631M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$390M
Other Expenses	$0
Operating Expenses	$390M
Cost & Expenses	$10.6B
OPERATING INCOME	$241M
Interest Income	$0
Interest Expense	$17M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$238M
Income Tax Expense	$86M
Net Income from Continuing Ops	$152M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$152M
Net Income Deductions	$36M
BOTTOM LINE NET INCOME	$114M
D&A	$24M
EBIT	$255M
EBITDA	$280M
EPS	$4
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$152M
Depreciation & Amortization	$24M
Stock-Based Compensation	$9M
Deferred Income Tax	$2M
Other Non-Cash Items	$2M
Change in Working Capital	-$154M
OPERATING CASH FLOW	$36M
Capital Expenditure	-$29M
Acquisitions (Net)	-$25M
Purchases of Investments	-$803.0K
Sales/Maturities of Investments	$4M
Other Investing Activities	$7M
NET CASH FROM INVESTING	-$44M
Net Debt Issuance	-$5M
Common Stock Repurchased	-$2M
Common Dividends Paid	$0
Other Financing Activities	-$6M
NET CASH FROM FINANCING	-$8M
FREE CASH FLOW	$7M
Net Change in Cash	-$12M

Balance Sheet

Item	Amount
Cash & Equivalents	$152M
Short-Term Investments	$15M
Net Receivables	$1.6B
Inventory	$1.1B
Other Current Assets	$77M
TOTAL CURRENT ASSETS	$2.9B
PP&E (Net)	$133M
Goodwill	$189M
Intangible Assets	$24M
Long-Term Investments	$0
Tax Assets	$8M
Other Non-Current Assets	$41M
TOTAL NON-CURRENT ASSETS	$394M
TOTAL ASSETS	$3.3B
Account Payables	$1.4B
Short-Term Debt	$253M
Deferred Revenue	$7M
Other Current Liabilities	$55M
TOTAL CURRENT LIABILITIES	$1.8B
Long-Term Debt	$65M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$3M
Other Non-Current Liabilities	$56M
TOTAL NON-CURRENT LIABILITIES	$125M
TOTAL LIABILITIES	$1.9B
Common Stock	$38.0K
Additional Paid-In Capital	$286M
Retained Earnings	$1.1B
Treasury Stock	-$27M
Accum. Other Comp. Income	$19M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.4B
Minority Interest	$419.0K
TOTAL EQUITY	$1.4B
TOTAL LIABILITIES & EQUITY	$3.3B
Total Debt	$318M
Net Debt	$166M