Insight Enterprises (NSIT) FY2017 results: revenue $6.7 billion, up 22.2% on the year
Insight Enterprises Inc. (NSIT) reported revenue of $6.7 billion for fiscal 2017, the year ended 31 December 2017, up 22.2% on the year before. Net income was $91 million, up 7.1%, and diluted earnings per share $2.50. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2019.
Revenue
$6.7 billion
+22.2% on the year
FY2010FY2017
Operating margin
2.7%
2.7% a year earlier
FY2010FY2017
Net income
$91 million
+7.1% on the year
FY2010FY2017
Diluted EPS
$2.50
+7.8% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
6,704
5,486
5,373
+22.2%
Cost of revenue
5,785
4,742
4,657
+22.0%
Gross profit
919
743
716
+23.6%
Gross margin
13.7%
13.5%
13.3%
Selling, general and administrative
723
585
585
+23.6%
Operating income
179
149
127
+20.4%
Operating margin
2.7%
2.7%
2.4%
Interest expense
18.0
8.6
7.2
+108.2%
Pre-tax income
159
139
119
+14.1%
Income tax
68.4
54.8
43.3
+24.9%
Effective tax rate
43.0%
39.3%
36.4%
Net income
90.7
84.7
75.9
+7.1%
Net margin
1.4%
1.5%
1.4%
Diluted EPS
$2.50
$2.32
$1.98
+7.8%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
-307
96.1
181
Capital expenditure
19.2
12.3
13.4
+56.8%
Free cash flow
-326
83.8
168
Free cash flow margin
-4.9%
1.5%
3.1%
Cash from investing
-205
-21.2
n/a
Cash from financing
397
-58.2
n/a
Depreciation and amortisation
42.6
38.1
38.0
+11.7%
Share-based compensation
12.8
11.1
8.9
+16.0%
Buybacks
n/a
50.0
91.8
Diluted shares, weighted
36m
36m
38m
-0.6%
Shares outstanding at period end
36m
35m
37m
+1.0%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
843
713
686
+18.2%
Debt
313
40.3
90.5
+678.0%
Other liabilities
1,529
1,466
1,238
+4.3%
Total liabilities and equity
2,686
2,219
2,014
+21.0%
Fixed assets
75.3
70.9
88.3
+6.1%
Goodwill
131
62.6
56.2
+109.8%
Intangible assets
101
20.7
27.0
+386.7%
Cash and equivalents
106
203
188
-47.8%
Receivables
1,815
1,437
1,315
+26.3%
Inventory
195
148
120
+31.3%
Other assets
263
277
220
-5.0%
Total assets
2,686
2,219
2,014
+21.0%
10-K for the year ended 31 December 2017, filed 22 February 2019: the filing.