SNX FY 2018 Earnings Report — TD SYNNEX Corporation Revenue & Financial Results | Market Cap Arena

TD SYNNEX CorporationSNX

FY 2018 Earnings

Reported January 28, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$19.8B	—	$16.8B	—	17.9%
Op. Income	$586M	—	$514M	—	14.1%
Gross Margin	9.1%	—	8.8%	—	0.3pp
Net Margin	1.5%	—	1.8%	—	-0.3pp
EPS (Diluted)	$7.25	—	$7.58	—	-4.4%
Free Cash Flow	-$25M	—	$79M	—	-131.1%

Revenue Flow

Item	Amount
REVENUE	$19.8B
Cost of Revenue	$18.0B
GROSS PROFIT	$1.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.2B
Other Expenses	$0
Operating Expenses	$1.2B
Cost & Expenses	$19.2B
OPERATING INCOME	$586M
Interest Income	$0
Interest Expense	$87M
Other Income/Expenses	-$130M
INCOME BEFORE TAX	$457M
Income Tax Expense	$157M
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	$225M
EBIT	$544M
EBITDA	$769M
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$19.8B
Cost of Revenue	$18.0B
GROSS PROFIT	$1.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.2B
Other Expenses	$0
Operating Expenses	$1.2B
Cost & Expenses	$19.2B
OPERATING INCOME	$586M
Interest Income	$0
Interest Expense	$87M
Other Income/Expenses	-$130M
INCOME BEFORE TAX	$457M
Income Tax Expense	$157M
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	$225M
EBIT	$544M
EBITDA	$769M
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$301M
Depreciation & Amortization	$225M
Stock-Based Compensation	$23M
Deferred Income Tax	-$47M
Other Non-Cash Items	$4M
Change in Working Capital	-$405M
OPERATING CASH FLOW	$101M
Capital Expenditure	-$125M
Acquisitions (Net)	-$1.1B
Purchases of Investments	-$66.0K
Sales/Maturities of Investments	$19M
Other Investing Activities	-$3M
NET CASH FROM INVESTING	-$1.2B
Net Debt Issuance	$1.1B
Common Stock Repurchased	-$72M
Common Dividends Paid	-$60M
Other Financing Activities	-$914.0K
NET CASH FROM FINANCING	$1.0B
FREE CASH FLOW	-$25M
Net Change in Cash	-$95M

Balance Sheet

Item	Amount
Cash & Equivalents	$455M
Short-Term Investments	$3M
Net Receivables	$4.0B
Inventory	$2.4B
Other Current Assets	$269M
TOTAL CURRENT ASSETS	$7.1B
PP&E (Net)	$571M
Goodwill	$2.2B
Intangible Assets	$1.4B
Long-Term Investments	$0
Tax Assets	$77M
Other Non-Current Assets	$152M
TOTAL NON-CURRENT ASSETS	$4.4B
TOTAL ASSETS	$11.5B
Account Payables	$3.0B
Short-Term Debt	$833M
Deferred Revenue	$0
Other Current Liabilities	$358M
TOTAL CURRENT LIABILITIES	$5.0B
Long-Term Debt	$2.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$207M
Other Non-Current Liabilities	$325M
TOTAL NON-CURRENT LIABILITIES	$3.2B
TOTAL LIABILITIES	$8.1B
Common Stock	$53.0K
Additional Paid-In Capital	$1.5B
Retained Earnings	$2.2B
Treasury Stock	-$150M
Accum. Other Comp. Income	-$126M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.4B
Minority Interest	$0
TOTAL EQUITY	$3.4B
TOTAL LIABILITIES & EQUITY	$11.5B
Total Debt	$3.5B
Net Debt	$3.0B