Insight Enterprises (NSIT) FY2014 results: revenue $5.3 billion, up 3.3% on the year
Insight Enterprises Inc. (NSIT) reported revenue of $5.3 billion for fiscal 2014, the year ended 31 December 2014, up 3.3% on the year before. Net income was $76 million, up 6.6%, and diluted earnings per share $1.83. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2015.
Revenue
$5.3 billion
+3.3% on the year
FY2009FY2014
Operating margin
2.5%
2.4% a year earlier
FY2009FY2014
Net income
$76 million
+6.6% on the year
FY2009FY2014
Diluted EPS
$1.83
+11.6% on the year
FY2009FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
5,316
5,144
5,301
+3.3%
Cost of revenue
4,604
4,445
4,582
+3.6%
Gross profit
712
699
720
+1.9%
Gross margin
13.4%
13.6%
13.6%
Selling, general and administrative
577
565
565
+2.1%
Operating income
131
121
148
+8.1%
Operating margin
2.5%
2.4%
2.8%
Interest expense
6.0
6.3
6.1
-5.0%
Pre-tax income
124
115
145
+8.6%
Income tax
48.7
43.5
51.9
+11.9%
Effective tax rate
39.1%
38.0%
35.9%
Net income
75.7
71.0
92.8
+6.6%
Net margin
1.4%
1.4%
1.7%
Diluted EPS
$1.83
$1.64
$2.07
+11.6%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
110
76.1
67.4
+45.0%
Capital expenditure
10.0
19.0
30.2
-47.5%
Free cash flow
100
57.0
37.3
+75.9%
Free cash flow margin
1.9%
1.1%
0.7%
Cash from investing
n/a
-19.0
-34.0
Cash from financing
n/a
-75.7
-14.6
Depreciation and amortisation
40.6
41.5
41.2
-2.3%
Share-based compensation
7.8
6.4
8.5
+20.5%
Buybacks
50.4
57.8
n/a
-12.8%
Diluted shares, weighted
41m
43m
45m
-4.5%
Shares outstanding at period end
40m
42m
45m
-4.5%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
721
717
705
+0.6%
Debt
63.3
66.9
80.0
-5.4%
Other liabilities
1,164
1,084
1,216
+7.4%
Total liabilities and equity
1,948
1,868
2,002
+4.3%
Fixed assets
104
133
144
-21.6%
Goodwill
26.3
26.3
26.3
0.0%
Intangible assets
23.6
35.8
47.4
-34.1%
Cash and equivalents
165
127
152
+29.7%
Receivables
1,309
1,258
1,371
+4.1%
Other assets
320
288
261
+11.2%
Total assets
1,948
1,868
2,002
+4.3%
10-K for the year ended 31 December 2014, filed 20 February 2015: the filing.