Insight Enterprises (NSIT) FY2019 results: revenue $7.7 billion, up 9.2% on the year
Insight Enterprises Inc. (NSIT) reported revenue of $7.7 billion for fiscal 2019, the year ended 31 December 2019, up 9.2% on the year before. Net income was $159 million, down 2.6%, and diluted earnings per share $4.43. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2020.
Revenue
$7.7 billion
+9.2% on the year
FY2012FY2019
Operating margin
3.1%
3.3% a year earlier
FY2012FY2019
Net income
$159 million
-2.6% on the year
FY2012FY2019
Diluted EPS
$4.43
-2.6% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
7,731
7,080
6,704
+9.2%
Cost of revenue
6,593
6,086
5,785
+8.3%
Gross profit
1,138
994
919
+14.5%
Gross margin
14.7%
14.0%
13.7%
Selling, general and administrative
881
757
723
+16.4%
Operating income
241
233
179
+3.0%
Operating margin
3.1%
3.3%
2.7%
Interest expense
28.5
21.7
18.0
+31.0%
Pre-tax income
212
212
159
-0.1%
Income tax
52.3
48.2
68.4
+8.5%
Effective tax rate
24.7%
22.8%
43.0%
Net income
159
164
90.7
-2.6%
Net margin
2.1%
2.3%
1.4%
Diluted EPS
$4.43
$4.55
$2.50
-2.6%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
128
293
-307
-56.3%
Capital expenditure
69.1
17.3
19.2
+300.5%
Free cash flow
58.8
275
-326
-78.7%
Free cash flow margin
0.8%
3.9%
-4.9%
Cash from investing
-733
-91.7
-205
Cash from financing
578
-159
397
Depreciation and amortisation
46.2
37.5
42.6
+23.4%
Share-based compensation
16.0
15.4
12.8
+4.3%
Buybacks
27.9
22.1
n/a
+26.4%
Diluted shares, weighted
36m
36m
36m
-0.1%
Shares outstanding at period end
35m
35m
36m
-0.6%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
1,160
987
843
+17.6%
Debt
858
197
313
+335.5%
Other liabilities
2,160
1,592
1,529
+35.7%
Total liabilities and equity
4,178
2,776
2,686
+50.5%
Fixed assets
131
73.0
75.3
+79.4%
Goodwill
415
167
131
+148.8%
Intangible assets
279
112
101
+148.3%
Cash and equivalents
115
143
106
-19.6%
Receivables
2,511
1,932
1,815
+30.0%
Inventory
191
149
195
+28.5%
Other assets
537
201
263
+166.9%
Total assets
4,178
2,776
2,686
+50.5%
10-K for the year ended 31 December 2019, filed 21 February 2020: the filing.