Synnex market cap is $6.6 b, and annual revenue was $20.05 b in FY 2018

Synnex Net income (Q3, 2019)123.1 M

Synnex EBIT (Q3, 2019)208.9 M

Synnex Cash, 31-Aug-2019262.3 M

Synnex EV9.1 B

Synnex revenue was $20.05 b in FY, 2018

Synnex revenue breakdown by business segment: 11.7% from Concentrix and 88.3% from Technology Solutions

Synnex revenue breakdown by geographic segment: 16.8% from Others, 73.3% from United States and 9.9% from Canada

USD | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|---|---|

## Revenue | 13.8b | 13.3b | 14.1b | 17.0b | 20.1b |

| 28% | (4%) | 5% | 21% | |

## Cost of goods sold | 12.7b | 12.1b | 12.8b | 15.5b | 1.5b |

## Gross profit | 1.1b | 1.2b | 1.3b | 1.6b | 18.5b |

| 8% | 9% | 9% | 9% | 92% |

## General and administrative expense | 837.2m | 903.4m | 1.0b | ||

## Operating expense total | 837.2m | 903.4m | 1.0b | 1.4b | |

## EBIT | 3.1b | 354.6m | 379.6m | 509.0m | 551.0m |

| 22% | 3% | 3% | 3% | 3% |

## Interest expense | 26.3m | 29.0m | 45.4m | 84.7m | |

## Pre tax profit | 284.3m | 327.2m | 356.1m | 464.7m | 457.4m |

## Income tax expense | (104.1m) | 118.6m | 121.1m | 163.6m | 156.8m |

## Net Income | 180.2m | 208.6m | 235.0m | 301.2m | 300.6m |

- Source: SEC Filings

USD | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Revenue | 2.7b | 3.0b | 3.5b | 3.5b | 3.2b | 3.3b | 3.3b | 3.1b | 3.4b | 3.7b | 3.5b | 3.9b | 4.3b | 4.6b | 9.5b | 4.9b | 5.2b | 5.7b | 6.2b |

## Cost of goods sold | 2.6b | 2.8b | 3.2b | 3.2b | 2.9b | 3.0b | 3.0b | 3.8b | |||||||||||

## Gross profit | 164.3m | 206.6m | 279.0m | 299.7m | 288.2m | 300.1m | 290.8m | 728.3m | |||||||||||

| 6% | 7% | 8% | 8% | 9% | 9% | 9% | 16% | |||||||||||

## General and administrative expense | 100.8m | 144.7m | 210.9m | 220.9m | 209.3m | 210.7m | 209.5m | 208.6m | 218.7m | 227.9m | 240.0m | 247.1m | 252.7m | 607.2m | |||||

## Operating expense total | 100.8m | 144.7m | 210.9m | 220.9m | 209.3m | 210.7m | 209.5m | 208.6m | 218.7m | 227.9m | 240.0m | 247.1m | 252.7m | 302.0m | 607.2m | 316.3m | 517.0m | 523.8m | 517.1m |

## EBIT | 75.6m | 75.3m | 98.0m | 101.8m | 125.1m | 122.2m | 111.9m | 235.9m | 116.9m | 162.0m | 174.7m | 208.9m | |||||||

| 2% | 2% | 3% | 3% | 3% | 3% | 2% | 2% | 2% | 3% | 3% | 3% | |||||||

## Interest expense | 17.5m | 20.1m | 41.6m | 43.1m | 42.9m | ||||||||||||||

## Pre tax profit | 73.4m | 69.7m | 90.1m | 93.3m | 116.0m | 114.3m | 93.3m | 199.4m | 96.0m | 119.7m | 153.1m | 164.8m | |||||||

## Income tax expense | (26.0m) | (22.0m) | (22.1m) | (25.6m) | (26.3m) | (30.1m) | (26.2m) | (26.8m) | (25.4m) | (31.4m) | (31.5m) | (42.8m) | (39.2m) | 68.9m | (81.3m) | 26.7m | 32.6m | 38.6m | 41.7m |

## Net Income | 46.6m | 38.5m | 39.6m | 45.0m | 46.3m | 51.9m | 48.2m | 46.6m | 44.4m | 58.7m | 61.8m | 73.1m | 75.2m | 24.4m | 118.1m | 69.3m | 87.1m | 114.5m | 123.1m |

- Source: SEC Filings

USD | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|---|---|---|---|---|

## Cash | 67.6m | 163.7m | 151.6m | 180.1m | 336.1m | 380.7m | 550.7m | 454.7m |

## Accounts Receivable | 1.1b | 1.4b | 1.6b | 2.1b | 1.8b | 1.8b | 2.8b | 3.9b |

## Prepaid Expenses | 57.2m | 52.7m | 261.5m | |||||

## Inventories | 975.0m | 923.3m | 1.1b | 1.4b | 1.3b | 1.7b | 2.2b | 2.5b |

## Current Assets | 2.4b | 2.6b | 2.9b | 3.9b | 3.6b | 4.0b | 5.7b | 7.1b |

## PP&E | 125.2m | 122.9m | 133.2m | 200.8m | 248.6m | 312.7m | 346.6m | 571.3m |

## Goodwill | 185.3m | 189.1m | 188.5m | 314.2m | 298.8m | 486.2m | 872.6m | 2.2b |

## Total Assets | 2.8b | 3.0b | 3.3b | 4.7b | 4.4b | 5.2b | 7.7b | 11.5b |

## Accounts Payable | 1.0b | 1.1b | 1.4b | 1.6b | 1.4b | 1.7b | 2.6b | 3.0b |

## Short-term debt | 159.2m | 194.1m | 362.9m | 805.5m | 833.2m | |||

## Current Liabilities | 1.4b | 1.5b | 1.8b | 2.7b | 1.9b | 2.5b | 4.0b | 4.9b |

## Long-term debt | 223.8m | 81.2m | 65.4m | 264.2m | 638.8m | 601.1m | 1.1b | 2.6b |

## Total Debt | 383.0m | 275.3m | 65.4m | 264.2m | 638.8m | 964.0m | 1.9b | 2.6b |

## Total Liabilities | 1.7b | 1.6b | 3.2b | 5.4b | 8.0b | |||

## Common Stock | 37.0k | 37.0k | 41.0k | 41.0k | 53.0k | |||

## Preferred Stock | ||||||||

## Additional Paid-in Capital | 310.3m | 324.3m | 286.3m | 384.6m | 411.7m | 440.7m | 467.9m | 1.5b |

## Retained Earnings | 829.5m | 980.9m | 1.1b | 1.3b | 1.5b | 1.7b | 2.0b | 2.2b |

## Total Equity | 1.2b | 1.3b | 1.4b | 1.7b | 1.8b | 2.0b | 2.3b | 3.4b |

## Debt to Equity Ratio | 0 x | 0.2 x | 0.4 x | 0.5 x | 0.9 x | 0.8 x | ||

## Debt to Assets Ratio | 0 x | 0.1 x | 0.1 x | 0.2 x | 0.3 x | 0.2 x | ||

## Financial Leverage | 2.4 x | 2.2 x | 2.4 x | 2.8 x | 2.5 x | 2.6 x | 3.4 x | 3.3 x |

- Source: SEC Filings

USD | Q3, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Cash | 86.3m | 68.8m | 97.2m | 173.0m | 232.1m | 216.4m | 139.4m | 148.4m | 204.6m | 127.7m | 169.8m | 215.5m | 308.1m | 447.6m | 589.0m | 223.3m | 210.1m | 305.6m | 243.3m | 372.3m | 354.2m | 204.0m | 243.6m | 271.5m | 262.3m |

## Accounts Receivable | 1.0b | 1.2b | 1.1b | 1.2b | 1.2b | 1.2b | 1.3b | 1.6b | 1.8b | 1.9b | 1.6b | 1.7b | 1.6b | 1.5b | 1.5b | 1.7b | 1.7b | 1.8b | 1.9b | 2.6b | 2.7b | 3.0b | 3.2b | 3.5b | 3.5b |

## Prepaid Expenses | 51.1m | 56.5m | 49.6m | 58.1m | 59.6m | 66.4m | 197.3m | 199.9m | 317.5m | 327.7m | 361.8m | ||||||||||||||

## Inventories | 955.7m | 953.0m | 875.2m | 901.0m | 916.2m | 946.7m | 1.0b | 1.2b | 1.4b | 1.4b | 1.3b | 1.2b | 1.3b | 1.3b | 1.4b | 1.6b | 1.9b | 2.1b | 2.2b | 2.3b | 2.1b | 2.0b | 2.4b | 2.6b | 2.8b |

## Current Assets | 2.3b | 2.3b | 2.2b | 2.3b | 2.4b | 2.5b | 2.6b | 3.1b | 3.6b | 3.6b | 3.3b | 3.3b | 3.4b | 3.4b | 3.6b | 3.6b | 3.9b | 4.3b | 4.5b | 5.5b | 5.4b | 5.4b | 6.4b | 7.0b | 7.2b |

## PP&E | 116.2m | 125.8m | 123.7m | 124.4m | 120.4m | 120.7m | 124.1m | 168.5m | 187.5m | 197.2m | 212.9m | 222.5m | 236.2m | 263.7m | 277.7m | 315.2m | 315.3m | 321.0m | 329.9m | 346.7m | 344.3m | 343.5m | 568.5m | 564.3m | 552.9m |

## Goodwill | 176.5m | 184.5m | 181.3m | 184.0m | 184.5m | 189.0m | 188.1m | 376.4m | 376.5m | 373.9m | 315.8m | 312.9m | 306.8m | 294.8m | 298.9m | 519.7m | 488.9m | 485.6m | 536.3m | 871.1m | 861.5m | 853.9m | 2.2b | 2.2b | 2.2b |

## Total Assets | 2.7b | 2.7b | 2.6b | 2.7b | 2.8b | 2.9b | 3.0b | 3.9b | 4.5b | 4.5b | 4.1b | 4.1b | 4.2b | 4.2b | 4.4b | 4.8b | 5.1b | 5.5b | 5.7b | 7.5b | 7.3b | 7.3b | 10.8b | 11.3b | 11.4b |

## Accounts Payable | 843.1m | 928.3m | 800.9m | 908.8m | 947.0m | 968.8m | 1.1b | 1.3b | 1.5b | 1.4b | 1.1b | 1.2b | 1.3b | 1.2b | 1.4b | 1.5b | 1.5b | 1.7b | 1.8b | 2.4b | 2.3b | 2.2b | 2.2b | 2.8b | 2.9b |

## Short-term debt | 228.6m | 80.1m | 205.4m | 215.2m | 225.1m | 229.6m | 694.6m | 732.3m | 701.1m | 729.0m | 571.7m | ||||||||||||||

## Current Liabilities | 1.2b | 1.2b | 1.2b | 1.3b | 1.3b | 1.4b | 1.5b | 2.0b | 2.5b | 2.5b | 2.1b | 1.7b | 1.7b | 1.6b | 1.8b | 2.1b | 2.3b | 2.7b | 2.8b | 3.7b | 3.6b | 3.6b | 3.9b | 4.5b | 4.6b |

## Long-term debt | 134.9m | 220.8m | 85.3m | 85.3m | 72.6m | 67.2m | 68.2m | 281.8m | 278.9m | 274.6m | 260.3m | 654.6m | 647.6m | 635.3m | 624.5m | 620.5m | 590.4m | 579.0m | 564.1m | 1.1b | 1.1b | 1.1b | 2.8b | 2.8b | 2.8b |

## Total Debt | 363.5m | 300.9m | 290.7m | 300.6m | 297.7m | 296.7m | 68.2m | 281.8m | 278.9m | 274.6m | 260.3m | 654.6m | 647.6m | 635.3m | 624.5m | 620.5m | 590.4m | 579.0m | 564.1m | 1.1b | 1.1b | 1.1b | 2.8b | 2.8b | 2.8b |

## Total Liabilities | 1.5b | 1.5b | 1.3b | 1.4b | 1.5b | 1.5b | 1.6b | 2.4b | 2.9b | 2.9b | 2.4b | 2.4b | 2.5b | 2.4b | 2.6b | 2.9b | 3.1b | 3.4b | 3.5b | 5.1b | 5.0b | 4.9b | 7.3b | 7.7b | 7.8b |

## Common Stock | 36.0k | 37.0k | 37.0k | 37.0k | 37.0k | 37.0k | 41.0k | 41.0k | 53.0k | 53.0k | 53.0k | ||||||||||||||

## Preferred Stock | |||||||||||||||||||||||||

## Additional Paid-in Capital | 299.1m | 320.6m | 323.0m | 325.8m | 328.4m | 312.6m | 279.2m | 364.3m | 370.5m | 376.6m | 391.4m | 398.4m | 404.8m | 419.5m | 427.2m | 432.9m | 447.4m | 452.8m | 458.9m | 474.7m | 481.6m | 488.5m | 1.5b | 1.5b | 1.5b |

## Retained Earnings | 779.4m | 867.7m | 902.1m | 937.3m | 1.0b | 1.0b | 1.1b | 1.2b | 1.2b | 1.3b | 1.3b | 1.4b | 1.4b | 1.5b | 1.6b | 1.6b | 1.7b | 1.8b | 1.9b | 2.0b | 2.0b | 2.1b | 2.3b | 2.4b | 2.5b |

## Total Equity | 1.1b | 1.2b | 1.2b | 1.3b | 1.3b | 1.4b | 1.4b | 1.5b | 1.6b | 1.6b | 1.7b | 1.7b | 1.7b | 1.8b | 1.9b | 1.9b | 2.0b | 2.1b | 2.2b | 2.3b | 2.3b | 2.3b | 3.5b | 3.5b | 3.6b |

## Debt to Equity Ratio | 0.3 x | 0 x | 0.2 x | 0.2 x | 0.2 x | 0.2 x | 0.4 x | 0.4 x | 0.3 x | 0.3 x | 0.3 x | 0.3 x | 0.3 x | 0.3 x | 0.5 x | 0.5 x | 0.5 x | 0.8 x | 0.8 x | 0.8 x | |||||

## Debt to Assets Ratio | 0.1 x | 0 x | 0.1 x | 0.1 x | 0.1 x | 0.1 x | 0.2 x | 0.2 x | 0.2 x | 0.1 x | 0.1 x | 0.1 x | 0.1 x | 0.1 x | 0.2 x | 0.2 x | 0.2 x | 0.3 x | 0.2 x | 0.2 x | |||||

## Financial Leverage | 2.4 x | 2.2 x | 2.1 x | 2.1 x | 2.1 x | 2.1 x | 2.2 x | 2.6 x | 2.8 x | 2.8 x | 2.4 x | 2.4 x | 2.4 x | 2.3 x | 2.4 x | 2.5 x | 2.5 x | 2.6 x | 2.6 x | 3.2 x | 3.2 x | 3.1 x | 3.1 x | 3.2 x | 3.2 x |

- Source: SEC Filings

USD | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|---|---|---|---|---|

## Net Income | 150.3m | 151.4m | 152.3m | 180.2m | 208.6m | 235.0m | 301.2m | 300.6m |

## Depreciation and Amortization | 24.7m | 24.6m | 103.5m | 121.3m | 159.9m | 225.3m | ||

## Accounts Receivable | 38.9m | (113.0m) | (187.5m) | (527.9m) | 291.2m | 95.0m | (478.3m) | (513.0m) |

## Inventories | 28.2m | 49.5m | (155.2m) | (330.2m) | 40.1m | (410.2m) | (243.3m) | (367.9m) |

## Accounts Payable | (50.0m) | 106.9m | 186.2m | 205.1m | (23.5m) | 265.6m | 342.0m | 382.0m |

## Cash From Operating Activities | 219.2m | 242.8m | 35.7m | (234.8m) | 641.3m | 324.7m | 176.8m | 100.7m |

## Purchases of PP&E | (40.2m) | (14.5m) | (29.0m) | (57.4m) | (100.1m) | (123.2m) | (97.5m) | (125.3m) |

## Cash From Investing Activities | (126.4m) | (9.6m) | (43.8m) | (441.7m) | (59.4m) | (531.9m) | (654.3m) | (1.2b) |

## Short-term Borrowings | (4.3b) | (1.5b) | ||||||

## Long-term Borrowings | (121.4m) | (2.9m) | (3.1b) | (3.3b) | (8.4b) | |||

## Dividends Paid | (4.9m) | (22.6m) | (33.7m) | (41.8m) | (59.7m) | |||

## Cash From Financing Activities | (114.4m) | (137.5m) | (8.4m) | 701.9m | (355.1m) | 180.2m | 638.7m | 1.0b |

## Net Change in Cash | (20.5m) | 96.1m | 210.2m | (37.5m) | 169.6m | (94.7m) | ||

## Interest Paid | 15.8m | 14.7m | 8.4m | 15.4m | 19.4m | 21.9m | 36.8m | 88.6m |

## Income Taxes Paid | 66.4m | 70.9m | 88.3m | 87.2m | 141.0m | 102.0m | 136.8m | 144.7m |

- Source: SEC Filings

USD | Q3, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Net Income | 100.2m | 38.2m | 72.6m | 107.7m | 33.4m | 64.1m | 110.8m | 38.5m | 78.0m | 123.0m | 46.3m | 98.2m | 146.4m | 46.6m | 91.0m | 149.7m | 61.8m | 134.9m | 210.1m | 24.4m | 118.1m | 187.4m | 87.1m | 201.6m | 324.7m |

## Depreciation and Amortization | 12.0m | 4.0m | 8.2m | 12.4m | 4.3m | 8.3m | 12.3m | 5.7m | 14.9m | 25.2m | 11.2m | 22.3m | 35.3m | 14.5m | 31.2m | 46.5m | 35.9m | 71.4m | 108.3m | 48.6m | 97.5m | 146.2m | 94.4m | 189.8m | 281.4m |

## Accounts Receivable | 175.3m | 113.9m | 174.0m | 124.7m | 176.3m | 194.4m | 108.6m | 52.0m | (200.1m) | (246.1m) | 478.8m | 369.5m | 481.2m | 279.4m | 263.9m | 236.4m | (153.5m) | 487.9m | 176.4m | 148.1m | |||||

## Inventories | 55.7m | 22.2m | 96.8m | 78.2m | (9.0m) | (1.0m) | (67.0m) | (136.9m) | (332.1m) | (355.8m) | 76.6m | 133.4m | 47.4m | 59.4m | (39.0m) | (224.8m) | (109.1m) | (368.2m) | (484.6m) | (154.7m) | 30.5m | 115.2m | (32.9m) | (214.3m) | (390.0m) |

## Accounts Payable | (250.4m) | (95.3m) | (218.3m) | (102.8m) | (146.8m) | (147.3m) | (52.2m) | (30.7m) | 111.1m | 21.8m | (365.9m) | (256.1m) | (207.0m) | (240.6m) | (64.6m) | (200.1m) | (387.5m) | (875.8m) | (290.3m) | (119.6m) | |||||

## Cash From Operating Activities | 116.0m | 74.2m | 122.4m | 218.6m | 40.9m | 91.5m | 118.1m | (35.0m) | (199.7m) | (246.6m) | 208.2m | 335.6m | 557.4m | 143.7m | 284.9m | 275.3m | (185.6m) | (145.6m) | (80.2m) | (5.7m) | 62.7m | (40.4m) | (158.3m) | (47.4m) | 202.5m |

## Purchases of PP&E | (21.3m) | (4.6m) | (7.3m) | (11.5m) | (3.0m) | (8.1m) | (15.3m) | (4.3m) | (20.3m) | (40.2m) | (22.4m) | (45.3m) | (71.5m) | (35.9m) | (67.5m) | (95.2m) | (21.6m) | (45.3m) | (72.1m) | (22.4m) | (50.0m) | (75.5m) | (28.8m) | (60.4m) | (93.4m) |

## Cash From Investing Activities | (74.3m) | 7.1m | 10.2m | (3.5m) | 899.0k | (24.2m) | (32.8m) | (388.7m) | (402.3m) | (440.4m) | 6.9m | 28.7m | (63.9m) | 18.7m | 18.2m | (412.2m) | (22.1m) | (40.1m) | (124.2m) | (27.9m) | (50.5m) | (74.4m) | (29.5m) | (65.9m) | (102.3m) |

## Short-term Borrowings | (3.4b) | (818.0m) | (1.2b) | (1.4b) | (102.0m) | (266.8m) | |||||||||||||||||||

## Long-term Borrowings | (119.1m) | (749.0k) | (1.5m) | (2.2m) | (690.0k) | (941.0k) | |||||||||||||||||||

## Dividends Paid | (4.9m) | (9.8m) | (14.8m) | (8.0m) | (15.9m) | (23.8m) | (9.9m) | (19.9m) | (29.9m) | (14.0m) | (27.9m) | (41.8m) | (19.2m) | (38.4m) | (57.5m) | ||||||||||

## Cash From Financing Activities | (43.0m) | (79.6m) | (104.8m) | (108.1m) | 24.2m | (19.6m) | (114.8m) | 418.6m | 656.2m | 665.8m | (219.6m) | (326.7m) | (348.2m) | (51.1m) | (47.7m) | 23.0m | 32.4m | 101.6m | 55.1m | (146.4m) | (206.2m) | (223.1m) | (27.1m) | (69.8m) | (298.4m) |

## Net Change in Cash | (1.8m) | 1.2m | 29.6m | 105.4m | 68.4m | 52.7m | (178.5m) | (345.7m) | (212.5m) | (185.4m) | (194.6m) |

- Source: SEC Filings

USD | Y, 2019 |
---|---|

## EV/EBIT | 43.5 x |

## EV/CFO | 44.9 x |

## Debt/Equity | 0.8 x |

## Debt/Assets | 0.2 x |

## Financial Leverage | 3.2 x |