Insight Enterprises (NSIT) FY2016 results: revenue $5.5 billion, up 2.1% on the year
Insight Enterprises Inc. (NSIT) reported revenue of $5.5 billion for fiscal 2016, the year ended 31 December 2016, up 2.1% on the year before. Net income was $85 million, up 11.7%, and diluted earnings per share $2.32. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2019.
Revenue
$5.5 billion
+2.1% on the year
FY2009FY2016
Operating margin
2.7%
2.4% a year earlier
FY2009FY2016
Net income
$85 million
+11.7% on the year
FY2009FY2016
Diluted EPS
$2.32
+17.2% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
5,486
5,373
5,316
+2.1%
Cost of revenue
4,742
4,657
4,604
+1.8%
Gross profit
743
716
712
+3.7%
Gross margin
13.5%
13.3%
13.4%
Selling, general and administrative
585
585
577
+0.1%
Operating income
149
127
131
+17.6%
Operating margin
2.7%
2.4%
2.5%
Interest expense
8.6
7.2
6.0
+19.4%
Pre-tax income
139
119
124
+17.0%
Income tax
54.8
43.3
48.7
+26.4%
Effective tax rate
39.3%
36.4%
39.1%
Net income
84.7
75.9
75.7
+11.7%
Net margin
1.5%
1.4%
1.4%
Diluted EPS
$2.32
$1.98
$1.83
+17.2%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
96.1
181
110
-46.9%
Capital expenditure
12.3
13.4
10.0
-8.6%
Free cash flow
83.8
168
100
-50.0%
Free cash flow margin
1.5%
3.1%
1.9%
Cash from investing
-21.2
n/a
n/a
Cash from financing
-58.2
n/a
n/a
Depreciation and amortisation
38.1
38.0
40.6
+0.5%
Share-based compensation
11.1
8.9
7.8
+23.9%
Buybacks
50.0
91.8
50.4
-45.6%
Diluted shares, weighted
36m
38m
41m
-4.8%
Shares outstanding at period end
35m
37m
40m
-4.4%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
713
686
721
+4.0%
Debt
40.3
90.5
63.3
-55.5%
Other liabilities
1,466
1,238
1,164
+18.4%
Total liabilities and equity
2,219
2,014
1,948
+10.2%
Fixed assets
70.9
88.3
104
-19.7%
Goodwill
62.6
56.2
26.3
+11.5%
Intangible assets
20.7
27.0
23.6
-23.3%
Cash and equivalents
203
188
165
+7.9%
Receivables
1,437
1,315
1,309
+9.3%
Inventory
148
120
n/a
+23.7%
Other assets
277
220
320
+26.2%
Total assets
2,219
2,014
1,948
+10.2%
10-K for the year ended 31 December 2016, filed 22 February 2019: the filing.