SNX FY 2017 Earnings Report — TD SYNNEX Corporation Revenue & Financial Results | Market Cap Arena

TD SYNNEX CorporationSNX

FY 2017 Earnings

Reported January 29, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$16.8B	—	$14.1B	—	19.3%
Op. Income	$514M	—	$393M	—	30.7%
Gross Margin	8.8%	—	8.7%	—	0.0pp
Net Margin	1.8%	—	1.7%	—	0.1pp
EPS (Diluted)	$7.58	—	$5.94	—	27.6%
Free Cash Flow	$79M	—	$204M	—	-61.1%

Revenue Flow

Item	Amount
REVENUE	$16.8B
Cost of Revenue	$15.6B
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$960M
Other Expenses	$0
Operating Expenses	$960M
Cost & Expenses	$16.5B
OPERATING INCOME	$514M
Interest Income	$0
Interest Expense	$46M
Other Income/Expenses	-$49M
INCOME BEFORE TAX	$463M
Income Tax Expense	$163M
Net Income from Continuing Ops	$300M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$300M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$297M
D&A	$160M
EBIT	$510M
EBITDA	$670M
EPS	$8
EPS Diluted	$8

Income Statement

Item	Amount
REVENUE	$16.8B
Cost of Revenue	$15.6B
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$960M
Other Expenses	$0
Operating Expenses	$960M
Cost & Expenses	$16.5B
OPERATING INCOME	$514M
Interest Income	$0
Interest Expense	$46M
Other Income/Expenses	-$49M
INCOME BEFORE TAX	$463M
Income Tax Expense	$163M
Net Income from Continuing Ops	$300M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$300M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$297M
D&A	$160M
EBIT	$510M
EBITDA	$670M
EPS	$8
EPS Diluted	$8

Cash Flow Statement

Item	Amount
Net Income	$301M
Depreciation & Amortization	$160M
Stock-Based Compensation	$17M
Deferred Income Tax	-$25M
Other Non-Cash Items	$4M
Change in Working Capital	-$280M
OPERATING CASH FLOW	$177M
Capital Expenditure	-$98M
Acquisitions (Net)	-$527M
Purchases of Investments	-$43M
Sales/Maturities of Investments	$11M
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$654M
Net Debt Issuance	$681M
Common Stock Repurchased	-$10M
Common Dividends Paid	-$42M
Other Financing Activities	$6M
NET CASH FROM FINANCING	$639M
FREE CASH FLOW	$79M
Net Change in Cash	$170M

Balance Sheet

Item	Amount
Cash & Equivalents	$551M
Short-Term Investments	$5M
Net Receivables	$2.8B
Inventory	$2.2B
Other Current Assets	$175M
TOTAL CURRENT ASSETS	$5.7B
PP&E (Net)	$347M
Goodwill	$873M
Intangible Assets	$583M
Long-Term Investments	$0
Tax Assets	$32M
Other Non-Current Assets	$125M
TOTAL NON-CURRENT ASSETS	$2.0B
TOTAL ASSETS	$7.7B
Account Payables	$2.6B
Short-Term Debt	$805M
Deferred Revenue	$0
Other Current Liabilities	$205M
TOTAL CURRENT LIABILITIES	$4.0B
Long-Term Debt	$1.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$114M
Other Non-Current Liabilities	$124M
TOTAL NON-CURRENT LIABILITIES	$1.4B
TOTAL LIABILITIES	$5.4B
Common Stock	$41.0K
Additional Paid-In Capital	$468M
Retained Earnings	$2.0B
Treasury Stock	-$77M
Accum. Other Comp. Income	-$62M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.3B
Minority Interest	$0
TOTAL EQUITY	$2.3B
TOTAL LIABILITIES & EQUITY	$7.7B
Total Debt	$1.9B
Net Debt	$1.4B