SNX FY 2019 Earnings Report — TD SYNNEX Corporation Revenue & Financial Results | Market Cap Arena

TD SYNNEX CorporationSNX

FY 2019 Earnings

Reported January 29, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$19.1B	—	$19.8B	—	-3.5%
Op. Income	$861M	—	$586M	—	46.8%
Gross Margin	14.0%	—	9.1%	—	4.9pp
Net Margin	2.6%	—	1.5%	—	1.1pp
EPS (Diluted)	$9.74	—	$7.25	—	34.3%
Free Cash Flow	$412M	—	-$25M	—	1776.9%

Revenue Flow

Item	Amount
REVENUE	$19.1B
Cost of Revenue	$21.1B
GROSS PROFIT	$2.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.8B
Other Expenses	$0
Operating Expenses	$1.8B
Cost & Expenses	$22.9B
OPERATING INCOME	$861M
Interest Income	$0
Interest Expense	$155M
Other Income/Expenses	-$183M
INCOME BEFORE TAX	$473M
Income Tax Expense	$111M
Net Income from Continuing Ops	$362M
Net Income from Discontinued Ops	$0
Other Adjustments	$139M
NET INCOME	$501M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$496M
D&A	$372M
EBIT	$833M
EBITDA	$1.2B
EPS	$10
EPS Diluted	$10

Income Statement

Item	Amount
REVENUE	$19.1B
Cost of Revenue	$21.1B
GROSS PROFIT	$2.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.8B
Other Expenses	$0
Operating Expenses	$1.8B
Cost & Expenses	$22.9B
OPERATING INCOME	$861M
Interest Income	$0
Interest Expense	$155M
Other Income/Expenses	-$183M
INCOME BEFORE TAX	$473M
Income Tax Expense	$111M
Net Income from Continuing Ops	$362M
Net Income from Discontinued Ops	$0
Other Adjustments	$139M
NET INCOME	$501M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$496M
D&A	$372M
EBIT	$833M
EBITDA	$1.2B
EPS	$10
EPS Diluted	$10

Cash Flow Statement

Item	Amount
Net Income	$501M
Depreciation & Amortization	$372M
Stock-Based Compensation	$28M
Deferred Income Tax	-$18M
Other Non-Cash Items	$29M
Change in Working Capital	-$361M
OPERATING CASH FLOW	$550M
Capital Expenditure	-$137M
Acquisitions (Net)	-$9M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$13.0K
NET CASH FROM INVESTING	-$147M
Net Debt Issuance	-$521M
Common Stock Repurchased	-$23M
Common Dividends Paid	-$77M
Other Financing Activities	-$16M
NET CASH FROM FINANCING	-$632M
FREE CASH FLOW	$412M
Net Change in Cash	-$231M

Balance Sheet

Item	Amount
Cash & Equivalents	$226M
Short-Term Investments	$0
Net Receivables	$4.3B
Inventory	$2.5B
Other Current Assets	$385M
TOTAL CURRENT ASSETS	$7.5B
PP&E (Net)	$570M
Goodwill	$2.3B
Intangible Assets	$1.2B
Long-Term Investments	$0
Tax Assets	$98M
Other Non-Current Assets	$161M
TOTAL NON-CURRENT ASSETS	$4.2B
TOTAL ASSETS	$11.7B
Account Payables	$3.1B
Short-Term Debt	$299M
Deferred Revenue	$0
Other Current Liabilities	$403M
TOTAL CURRENT LIABILITIES	$4.6B
Long-Term Debt	$2.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$222M
Other Non-Current Liabilities	$362M
TOTAL NON-CURRENT LIABILITIES	$3.3B
TOTAL LIABILITIES	$7.9B
Common Stock	$53.0K
Additional Paid-In Capital	$1.5B
Retained Earnings	$2.6B
Treasury Stock	-$173M
Accum. Other Comp. Income	-$209M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.8B
Minority Interest	$0
TOTAL EQUITY	$3.8B
TOTAL LIABILITIES & EQUITY	$11.7B
Total Debt	$3.0B
Net Debt	$2.8B