SNX FY 2023 Earnings Report — TD SYNNEX Corporation Revenue & Financial Results | Market Cap Arena

TD SYNNEX CorporationSNX

FY 2023 Earnings

Reported January 26, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$57.6B	—	$62.3B	—	-7.7%
Op. Income	$1.3B	—	$1.2B	—	7.5%
Gross Margin	6.2%	—	5.7%	—	0.5pp
Net Margin	1.1%	—	1.0%	—	0.0pp
EPS (Diluted)	$6.70	—	$6.77	—	-1.0%
Free Cash Flow	$1.3B	—	-$167M	—	854.5%

Revenue Flow

Item	Amount
REVENUE	$57.6B
Cost of Revenue	$54.0B
GROSS PROFIT	$3.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.3B
Other Expenses	$0
Operating Expenses	$2.3B
Cost & Expenses	$56.2B
OPERATING INCOME	$1.3B
Interest Income	$0
Interest Expense	$307M
Other Income/Expenses	-$538M
INCOME BEFORE TAX	$790M
Income Tax Expense	$163M
Net Income from Continuing Ops	$627M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$627M
Net Income Deductions	-$11.0K
BOTTOM LINE NET INCOME	$622M
D&A	$418M
EBIT	$1.1B
EBITDA	$1.5B
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$57.6B
Cost of Revenue	$54.0B
GROSS PROFIT	$3.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.3B
Other Expenses	$0
Operating Expenses	$2.3B
Cost & Expenses	$56.2B
OPERATING INCOME	$1.3B
Interest Income	$0
Interest Expense	$307M
Other Income/Expenses	-$538M
INCOME BEFORE TAX	$790M
Income Tax Expense	$163M
Net Income from Continuing Ops	$627M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$627M
Net Income Deductions	-$11.0K
BOTTOM LINE NET INCOME	$622M
D&A	$418M
EBIT	$1.1B
EBITDA	$1.5B
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$627M
Depreciation & Amortization	$418M
Stock-Based Compensation	$85M
Deferred Income Tax	-$92M
Other Non-Cash Items	$42M
Change in Working Capital	$327M
OPERATING CASH FLOW	$1.4B
Capital Expenditure	-$150M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$6M
NET CASH FROM INVESTING	-$156M
Net Debt Issuance	-$25M
Common Stock Repurchased	-$640M
Common Dividends Paid	-$130M
Other Financing Activities	$375.0K
NET CASH FROM FINANCING	-$786M
FREE CASH FLOW	$1.3B
Net Change in Cash	$511M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.0B
Short-Term Investments	$0
Net Receivables	$11.3B
Inventory	$7.1B
Other Current Assets	$642M
TOTAL CURRENT ASSETS	$20.1B
PP&E (Net)	$450M
Goodwill	$3.9B
Intangible Assets	$4.2B
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$730M
TOTAL NON-CURRENT ASSETS	$9.3B
TOTAL ASSETS	$29.4B
Account Payables	$13.3B
Short-Term Debt	$984M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$16.7B
Long-Term Debt	$3.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$893M
Other Non-Current Liabilities	$499M
TOTAL NON-CURRENT LIABILITIES	$4.5B
TOTAL LIABILITIES	$21.2B
Common Stock	$99.0K
Additional Paid-In Capital	$7.4B
Retained Earnings	$2.2B
Treasury Stock	-$950M
Accum. Other Comp. Income	-$507M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$8.2B
Minority Interest	$0
TOTAL EQUITY	$8.2B
TOTAL LIABILITIES & EQUITY	$29.4B
Total Debt	$4.1B
Net Debt	$3.0B