SNX FY 2020 Earnings Report — TD SYNNEX Corporation Revenue & Financial Results | Market Cap Arena

TD SYNNEX CorporationSNX

FY 2020 Earnings

Reported January 28, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$20.0B	—	$19.1B	—	4.8%
Op. Income	$529M	—	$861M	—	-38.6%
Gross Margin	5.8%	—	14.0%	—	-8.2pp
Net Margin	2.6%	—	2.6%	—	0.0pp
EPS (Diluted)	$10.21	—	$9.74	—	4.8%
Free Cash Flow	$1.6B	—	$412M	—	296.7%

Revenue Flow

Item	Amount
REVENUE	$20.0B
Cost of Revenue	$18.8B
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$625M
Other Expenses	$0
Operating Expenses	$625M
Cost & Expenses	$19.4B
OPERATING INCOME	$529M
Interest Income	$0
Interest Expense	$44M
Other Income/Expenses	-$93M
INCOME BEFORE TAX	$436M
Income Tax Expense	$102M
Net Income from Continuing Ops	$335M
Net Income from Discontinued Ops	$195M
Other Adjustments	$1.0K
NET INCOME	$529M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$523M
D&A	$65M
EBIT	$480M
EBITDA	$545M
EPS	$10
EPS Diluted	$10

Income Statement

Item	Amount
REVENUE	$20.0B
Cost of Revenue	$18.8B
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$625M
Other Expenses	$0
Operating Expenses	$625M
Cost & Expenses	$19.4B
OPERATING INCOME	$529M
Interest Income	$0
Interest Expense	$44M
Other Income/Expenses	-$93M
INCOME BEFORE TAX	$436M
Income Tax Expense	$102M
Net Income from Continuing Ops	$335M
Net Income from Discontinued Ops	$195M
Other Adjustments	$1.0K
NET INCOME	$529M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$523M
D&A	$65M
EBIT	$480M
EBITDA	$545M
EPS	$10
EPS Diluted	$10

Cash Flow Statement

Item	Amount
Net Income	$529M
Depreciation & Amortization	$342M
Stock-Based Compensation	$33M
Deferred Income Tax	-$49M
Other Non-Cash Items	$68M
Change in Working Capital	$912M
OPERATING CASH FLOW	$1.8B
Capital Expenditure	-$198M
Acquisitions (Net)	-$6M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$6M
NET CASH FROM INVESTING	-$209M
Net Debt Issuance	-$254M
Common Stock Repurchased	-$19M
Common Dividends Paid	-$21M
Other Financing Activities	-$11M
NET CASH FROM FINANCING	-$292M
FREE CASH FLOW	$1.6B
Net Change in Cash	$1.3B

Balance Sheet

Item	Amount
Cash & Equivalents	$1.4B
Short-Term Investments	$0
Net Receivables	$3.1B
Inventory	$2.7B
Other Current Assets	$1.6B
TOTAL CURRENT ASSETS	$8.8B
PP&E (Net)	$158M
Goodwill	$424M
Intangible Assets	$186M
Long-Term Investments	$0
Tax Assets	$87M
Other Non-Current Assets	$3.8B
TOTAL NON-CURRENT ASSETS	$4.7B
TOTAL ASSETS	$13.5B
Account Payables	$3.8B
Short-Term Debt	$125M
Deferred Revenue	$0
Other Current Liabilities	$986M
TOTAL CURRENT LIABILITIES	$5.6B
Long-Term Debt	$1.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$6M
Other Non-Current Liabilities	$2.0B
TOTAL NON-CURRENT LIABILITIES	$3.5B
TOTAL LIABILITIES	$9.1B
Common Stock	$54.0K
Additional Paid-In Capital	$1.6B
Retained Earnings	$3.1B
Treasury Stock	-$191M
Accum. Other Comp. Income	-$195M
Other Equity	-$1.0K
TOTAL STOCKHOLDERS' EQUITY	$4.3B
Minority Interest	$0
TOTAL EQUITY	$4.3B
TOTAL LIABILITIES & EQUITY	$13.5B
Total Debt	$1.6B
Net Debt	$210M