SNX FY 2016 Earnings Report — TD SYNNEX Corporation Revenue & Financial Results | Market Cap Arena

TD SYNNEX CorporationSNX

FY 2016 Earnings

Reported January 26, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$14.1B	—	$13.3B	—	5.4%
Op. Income	$393M	—	$365M	—	7.8%
Gross Margin	8.7%	—	8.5%	—	0.2pp
Net Margin	1.7%	—	1.6%	—	0.1pp
EPS (Diluted)	$5.94	—	$5.30	—	12.1%
Free Cash Flow	$204M	—	$544M	—	-62.5%

Revenue Flow

Item	Amount
REVENUE	$14.1B
Cost of Revenue	$12.8B
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$836M
Other Expenses	$0
Operating Expenses	$836M
Cost & Expenses	$13.7B
OPERATING INCOME	$393M
Interest Income	$0
Interest Expense	$30M
Other Income/Expenses	-$37M
INCOME BEFORE TAX	$356M
Income Tax Expense	$121M
Net Income from Continuing Ops	$235M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$235M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$233M
D&A	$121M
EBIT	$386M
EBITDA	$507M
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$14.1B
Cost of Revenue	$12.8B
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$836M
Other Expenses	$0
Operating Expenses	$836M
Cost & Expenses	$13.7B
OPERATING INCOME	$393M
Interest Income	$0
Interest Expense	$30M
Other Income/Expenses	-$37M
INCOME BEFORE TAX	$356M
Income Tax Expense	$121M
Net Income from Continuing Ops	$235M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$235M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$233M
D&A	$121M
EBIT	$386M
EBITDA	$507M
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$235M
Depreciation & Amortization	$121M
Stock-Based Compensation	$14M
Deferred Income Tax	-$7M
Other Non-Cash Items	-$8M
Change in Working Capital	-$27M
OPERATING CASH FLOW	$327M
Capital Expenditure	-$123M
Acquisitions (Net)	-$415M
Purchases of Investments	-$92M
Sales/Maturities of Investments	$92M
Other Investing Activities	$86M
NET CASH FROM INVESTING	-$452M
Net Debt Issuance	$215M
Common Stock Repurchased	-$16M
Common Dividends Paid	-$34M
Other Financing Activities	$7M
NET CASH FROM FINANCING	$180M
FREE CASH FLOW	$204M
Net Change in Cash	$45M

Balance Sheet

Item	Amount
Cash & Equivalents	$381M
Short-Term Investments	$5M
Net Receivables	$1.8B
Inventory	$1.7B
Other Current Assets	$111M
TOTAL CURRENT ASSETS	$4.0B
PP&E (Net)	$313M
Goodwill	$486M
Intangible Assets	$299M
Long-Term Investments	$0
Tax Assets	$14M
Other Non-Current Assets	$64M
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$5.2B
Account Payables	$1.7B
Short-Term Debt	$364M
Deferred Revenue	$0
Other Current Liabilities	$166M
TOTAL CURRENT LIABILITIES	$2.5B
Long-Term Debt	$603M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$63M
Other Non-Current Liabilities	$103M
TOTAL NON-CURRENT LIABILITIES	$770M
TOTAL LIABILITIES	$3.2B
Common Stock	$41.0K
Additional Paid-In Capital	$441M
Retained Earnings	$1.7B
Treasury Stock	-$67M
Accum. Other Comp. Income	-$93M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.0B
Minority Interest	$22.0K
TOTAL EQUITY	$2.0B
TOTAL LIABILITIES & EQUITY	$5.2B
Total Debt	$964M
Net Debt	$583M