SNX FY 2014 Earnings Report — TD SYNNEX Corporation Revenue & Financial Results | Market Cap Arena

TD SYNNEX CorporationSNX

FY 2014 Earnings

Reported January 29, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$13.8B	—	$10.8B	—	27.6%
Op. Income	$352M	—	$241M	—	46.0%
Gross Margin	7.5%	—	5.8%	—	1.7pp
Net Margin	1.3%	—	1.4%	—	-0.1pp
EPS (Diluted)	$4.63	—	$3.06	—	51.3%
Free Cash Flow	-$292M	—	$7M	—	-4433.3%

Revenue Flow

Item	Amount
REVENUE	$13.8B
Cost of Revenue	$12.8B
GROSS PROFIT	$1.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$693M
Other Expenses	$0
Operating Expenses	$693M
Cost & Expenses	$13.5B
OPERATING INCOME	$352M
Interest Income	$0
Interest Expense	$28M
Other Income/Expenses	-$67M
INCOME BEFORE TAX	$284M
Income Tax Expense	$104M
Net Income from Continuing Ops	$180M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$180M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$178M
D&A	$92M
EBIT	$312M
EBITDA	$404M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$13.8B
Cost of Revenue	$12.8B
GROSS PROFIT	$1.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$693M
Other Expenses	$0
Operating Expenses	$693M
Cost & Expenses	$13.5B
OPERATING INCOME	$352M
Interest Income	$0
Interest Expense	$28M
Other Income/Expenses	-$67M
INCOME BEFORE TAX	$284M
Income Tax Expense	$104M
Net Income from Continuing Ops	$180M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$180M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$178M
D&A	$92M
EBIT	$312M
EBITDA	$404M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$180M
Depreciation & Amortization	$92M
Stock-Based Compensation	$14M
Deferred Income Tax	-$27M
Other Non-Cash Items	$7M
Change in Working Capital	-$500M
OPERATING CASH FLOW	-$235M
Capital Expenditure	-$57M
Acquisitions (Net)	-$385M
Purchases of Investments	-$14M
Sales/Maturities of Investments	$23M
Other Investing Activities	-$8M
NET CASH FROM INVESTING	-$442M
Net Debt Issuance	$679M
Common Stock Repurchased	-$5M
Common Dividends Paid	-$5M
Other Financing Activities	$26M
NET CASH FROM FINANCING	$702M
FREE CASH FLOW	-$292M
Net Change in Cash	$29M

Balance Sheet

Item	Amount
Cash & Equivalents	$180M
Short-Term Investments	$7M
Net Receivables	$2.1B
Inventory	$1.4B
Other Current Assets	$222M
TOTAL CURRENT ASSETS	$3.9B
PP&E (Net)	$201M
Goodwill	$314M
Intangible Assets	$230M
Long-Term Investments	$0
Tax Assets	$11M
Other Non-Current Assets	$58M
TOTAL NON-CURRENT ASSETS	$813M
TOTAL ASSETS	$4.7B
Account Payables	$1.6B
Short-Term Debt	$716M
Deferred Revenue	$12M
Other Current Liabilities	$114M
TOTAL CURRENT LIABILITIES	$2.7B
Long-Term Debt	$264M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$13M
Other Non-Current Liabilities	$60M
TOTAL NON-CURRENT LIABILITIES	$337M
TOTAL LIABILITIES	$3.1B
Common Stock	$40.0K
Additional Paid-In Capital	$385M
Retained Earnings	$1.3B
Treasury Stock	-$33M
Accum. Other Comp. Income	-$7M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.7B
Minority Interest	$427.0K
TOTAL EQUITY	$1.7B
TOTAL LIABILITIES & EQUITY	$4.7B
Total Debt	$981M
Net Debt	$800M