Insight Enterprises (NSIT) FY2018 results: revenue $7.1 billion, up 5.6% on the year
Insight Enterprises Inc. (NSIT) reported revenue of $7.1 billion for fiscal 2018, the year ended 31 December 2018, up 5.6% on the year before. Net income was $164 million, up 80.5%, and diluted earnings per share $4.55. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2019.
Revenue
$7.1 billion
+5.6% on the year
FY2011FY2018
Operating margin
3.3%
2.7% a year earlier
FY2011FY2018
Net income
$164 million
+80.5% on the year
FY2011FY2018
Diluted EPS
$4.55
+82.0% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
7,080
6,704
5,486
+5.6%
Cost of revenue
6,086
5,785
4,742
+5.2%
Gross profit
994
919
743
+8.2%
Gross margin
14.0%
13.7%
13.5%
Selling, general and administrative
757
723
585
+4.6%
Operating income
233
179
149
+30.2%
Operating margin
3.3%
2.7%
2.7%
Interest expense
21.7
18.0
8.6
+21.0%
Pre-tax income
212
159
139
+33.2%
Income tax
48.2
68.4
54.8
-29.5%
Effective tax rate
22.8%
43.0%
39.3%
Net income
164
90.7
84.7
+80.5%
Net margin
2.3%
1.4%
1.5%
Diluted EPS
$4.55
$2.50
$2.32
+82.0%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
293
-307
96.1
Capital expenditure
17.3
19.2
12.3
-10.3%
Free cash flow
275
-326
83.8
Free cash flow margin
3.9%
-4.9%
1.5%
Cash from investing
-91.7
-205
-21.2
Cash from financing
-159
397
-58.2
Depreciation and amortisation
37.5
42.6
38.1
-12.1%
Share-based compensation
15.4
12.8
11.1
+19.7%
Buybacks
22.1
n/a
50.0
Diluted shares, weighted
36m
36m
36m
-0.5%
Shares outstanding at period end
35m
36m
35m
-1.0%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
987
843
713
+17.0%
Debt
197
313
40.3
-37.1%
Other liabilities
1,592
1,529
1,466
+4.1%
Total liabilities and equity
2,776
2,686
2,219
+3.4%
Fixed assets
73.0
75.3
70.9
-3.1%
Goodwill
167
131
62.6
+26.9%
Intangible assets
112
101
20.7
+11.3%
Cash and equivalents
143
106
203
+34.8%
Receivables
1,932
1,815
1,437
+6.5%
Inventory
149
195
148
-23.7%
Other assets
201
263
277
-23.6%
Total assets
2,776
2,686
2,219
+3.4%
10-K for the year ended 31 December 2018, filed 22 February 2019: the filing.