$4.6 B

SNX Mkt cap, 14-Jun-2018

$17 B

Synnex Revenue FY, 2017
Synnex Net income (FY, 2017)301.2 M
Synnex EBIT (FY, 2017)509 M
Synnex Cash, 30-Nov-2017550.7 M
Synnex EV5.2 B

Synnex Revenue Breakdown

Embed Graph

Synnex revenue breakdown by business segment: 11.3% from Concentrix and 88.7% from Technology Solutions

Synnex Financials

Synnex Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

13.8 b13.3 b14.1 b17 b

Revenue growth, %

28%(4%)5%

Cost of goods sold

12.7 b12.1 m12.8 m

Gross profit

1.1 b13.3 b14 b

Gross profit Margin, %

8%100%100%

General and administrative expense

903.4 m1 b

Operating expense total

903.4 m1 b

EBIT

3.1 b354.6 m379.6 m509 m

EBIT margin, %

22%3%3%3%

Pre tax profit

284.3 m327.2 m356.1 m464.7 m

Income tax expense

(104.1 m)(118.6 m)(121.1 m)(163.6 m)

Net Income

180.2 m208.6 m235 m301.2 m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

2.7 b3 b3.5 b3.5 b3.2 b3.3 b3.3 b3.1 b3.4 b3.7 b3.5 b3.9 b4.3 b

Cost of goods sold

2.6 b2.8 b3.2 b3.2 b2.9 b3 b3 b

Gross profit

164.3 m206.6 m279 m299.7 m288.2 m300.1 m290.8 m

Gross profit Margin, %

6%7%8%8%9%9%9%

General and administrative expense

100.8 m144.7 m210.9 m220.9 m209.3 m210.7 m209.5 m208.6 m218.7 m227.9 m240 m247.1 m252.7 m

Operating expense total

100.8 m144.7 m210.9 m220.9 m209.3 m210.7 m209.5 m208.6 m218.7 m227.9 m240 m247.1 m252.7 m

EBIT

75.6 m75.3 m98 m101.8 m125.1 m122.2 m

EBIT margin, %

2%2%3%3%3%3%

Pre tax profit

73.4 m69.7 m90.1 m93.3 m116 m114.3 m

Income tax expense

(26 m)(22 m)(22.1 m)(25.6 m)(26.3 m)(30.1 m)(26.2 m)(26.8 m)(25.4 m)(31.4 m)(31.5 m)(42.8 m)(39.2 m)

Net Income

46.6 m38.5 m39.6 m45 m46.3 m51.9 m48.2 m46.6 m44.4 m58.7 m61.8 m73.1 m75.2 m

Synnex Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

151.6 m180.1 m336.1 m380.7 m550.7 m

Accounts Receivable

1.6 b2.1 b1.8 b1.8 b2.8 b

Inventories

1.1 b1.4 b1.3 b1.7 b2.2 b

Current Assets

2.9 b3.9 b3.6 b4 b5.7 b

PP&E

133.2 m200.8 m248.6 m312.7 m346.6 m

Goodwill

188.5 m314.2 m298.8 m486.2 m872.6 m

Total Assets

3.3 b4.7 b4.4 b5.2 b7.7 b

Accounts Payable

1.4 b1.6 b1.4 b1.7 b2.6 b

Short-term debt

Current Liabilities

1.8 b2.7 b1.9 b2.5 b4 b

Long-term debt

65.4 m264.2 m638.8 m603.2 m1.1 b

Total Debt

65.4 m264.2 m638.8 m603.2 m1.1 b

Total Liabilities

3.2 b5.4 b

Additional Paid-in Capital

286.3 m384.6 m411.7 m440.7 m467.9 m

Retained Earnings

1.1 b1.3 b1.5 b1.7 b2 b

Total Equity

1.4 b1.7 b1.8 b2 b2.3 b

Debt to Equity Ratio

0 x0.2 x0.4 x0.3 x0.5 x

Debt to Assets Ratio

0 x0.1 x0.1 x0.1 x0.1 x

Financial Leverage

2.4 x2.8 x2.5 x2.6 x3.4 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

139.4 m148.4 m204.6 m127.7 m169.8 m215.5 m308.1 m447.6 m589 m223.3 m210.1 m305.6 m243.3 m

Accounts Receivable

1.3 b1.6 b1.8 b1.9 b1.6 b1.7 b1.6 b1.5 b1.5 b1.7 b1.7 b1.8 b1.9 b

Inventories

1 b1.2 b1.4 b1.4 b1.3 b1.2 b1.3 b1.3 b1.4 b1.6 b1.9 b2.1 b2.2 b

Current Assets

2.6 b3.1 b3.6 b3.6 b3.3 b3.3 b3.4 b3.4 b3.6 b3.6 b3.9 b4.3 b4.5 b

PP&E

124.1 m168.5 m187.5 m197.2 m212.9 m222.5 m236.2 m263.7 m277.7 m315.2 m315.3 m321 m329.9 m

Goodwill

188.1 m376.4 m376.5 m373.9 m315.8 m312.9 m306.8 m294.8 m298.9 m519.7 m488.9 m485.6 m536.3 m

Total Assets

3 b3.9 b4.5 b4.5 b4.1 b4.1 b4.2 b4.2 b4.4 b4.8 b5.1 b5.5 b5.7 b

Accounts Payable

1.1 b1.3 b1.5 b1.4 b1.1 b1.2 b1.3 b1.2 b1.4 b1.5 b1.5 b1.7 b1.8 b

Current Liabilities

1.5 b2 b2.5 b2.5 b2.1 b1.7 b1.7 b1.6 b1.8 b2.1 b2.3 b2.7 b2.8 b

Long-term debt

68.2 m281.8 m278.9 m274.6 m260.3 m654.6 m647.6 m635.3 m624.5 m620.5 m590.4 m579 m564.1 m

Total Debt

68.2 m281.8 m278.9 m274.6 m260.3 m654.6 m647.6 m635.3 m624.5 m620.5 m590.4 m579 m564.1 m

Total Liabilities

1.6 b2.4 b2.9 b2.9 b2.4 b2.4 b2.5 b2.4 b2.6 b2.9 b3.1 b3.4 b3.5 b

Additional Paid-in Capital

279.2 m364.3 m370.5 m376.6 m391.4 m398.4 m404.8 m419.5 m427.2 m432.9 m447.4 m452.8 m458.9 m

Retained Earnings

1.1 b1.2 b1.2 b1.3 b1.3 b1.4 b1.4 b1.5 b1.6 b1.6 b1.7 b1.8 b1.9 b

Total Equity

1.4 b1.5 b1.6 b1.6 b1.7 b1.7 b1.7 b1.8 b1.9 b1.9 b2 b2.1 b2.2 b

Financial Leverage

2.2 x2.6 x2.8 x2.8 x2.4 x2.4 x2.4 x2.3 x2.4 x2.5 x2.5 x2.6 x2.6 x

Synnex Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

152.3 m180.2 m208.6 m235 m301.2 m

Depreciation and Amortization

121.3 m159.9 m

Accounts Receivable

(187.5 m)(527.9 m)292.9 m

Inventories

(155.2 m)(330.2 m)40.1 m(410.2 m)(243.3 m)

Accounts Payable

186.2 m205.1 m(26 m)

Cash From Operating Activities

35.7 m(234.8 m)643.6 m327 m176.8 m

Purchases of PP&E

(29 m)(57.4 m)(100.1 m)(123.2 m)(97.5 m)

Cash From Investing Activities

(43.8 m)(441.7 m)(116.1 m)(451.9 m)(654.3 m)

Dividends Paid

(4.9 m)(22.6 m)(33.7 m)(41.8 m)

Cash From Financing Activities

(8.4 m)701.9 m(355.1 m)180.2 m638.7 m

Interest Paid

8.4 m15.4 m16.3 m17.8 m

Income Taxes Paid

88.3 m87.2 m141 m102 m136.8 m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

110.8 m38.5 m78 m123 m46.3 m98.2 m146.4 m46.6 m91 m149.7 m61.8 m134.9 m210.1 m

Depreciation and Amortization

12.3 m5.7 m14.9 m25.2 m11.2 m22.3 m35.3 m14.5 m31.2 m46.5 m35.9 m71.4 m108.3 m

Accounts Receivable

108.6 m52 m(200.1 m)(246.1 m)478.8 m369.5 m481.2 m279.4 m263.9 m

Inventories

(67 m)(136.9 m)(332.1 m)(355.8 m)76.6 m133.4 m47.4 m59.4 m(39 m)(224.8 m)(109.1 m)(368.2 m)(484.7 m)

Accounts Payable

(52.2 m)(30.7 m)111.1 m21.8 m(365.9 m)(256.1 m)(207 m)(240.6 m)(64.6 m)

Cash From Operating Activities

118.1 m(35 m)(199.7 m)(246.6 m)208.2 m335.6 m557.4 m143.7 m284.9 m275.3 m(185.6 m)(145.6 m)(80.2 m)

Purchases of PP&E

(15.3 m)(4.3 m)(20.3 m)(40.2 m)(22.4 m)(45.3 m)(71.5 m)(35.9 m)(67.5 m)(95.2 m)(21.6 m)(45.3 m)(72.1 m)

Cash From Investing Activities

(32.8 m)(388.7 m)(402.3 m)(440.4 m)6.9 m28.7 m(63.9 m)18.7 m18.2 m(412.2 m)(22.1 m)(40.1 m)(124.2 m)

Dividends Paid

(4.9 m)(9.8 m)(14.8 m)(8 m)(15.9 m)(23.8 m)(9.9 m)(19.9 m)(29.9 m)

Cash From Financing Activities

(114.8 m)418.6 m656.2 m665.8 m(219.6 m)(326.7 m)(348.2 m)(51.1 m)(47.7 m)23 m32.4 m101.6 m55.1 m

Synnex Ratios

USDY, 2017

EV/EBIT

10.2 x

EV/CFO

29.4 x

Revenue/Employee

157.9 k

Debt/Equity

0.5 x

Debt/Assets

0.1 x

Financial Leverage

3.4 x
Report incorrect company information

Synnex Operating Metrics

FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Distribution Centers

40 40 40

Products

30 k30 k30 k30 k30 k30 k30 k30 k30 k30 k30 k

Resellers

20 k20 k20 k20 k20 k20 k20 k20 k20 k20 k20 k
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