Insight Enterprises (NSIT) FY2020 results: revenue $8.3 billion, up 7.9% on the year
Insight Enterprises Inc. (NSIT) reported revenue of $8.3 billion for fiscal 2020, the year ended 31 December 2020, up 7.9% on the year before. Net income was $173 million, up 8.3%, and diluted earnings per share $4.87. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2021.
Revenue
$8.3 billion
+7.9% on the year
FY2013FY2020
Operating margin
3.3%
3.1% a year earlier
FY2013FY2020
Net income
$173 million
+8.3% on the year
FY2013FY2020
Diluted EPS
$4.87
+9.9% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
8,341
7,731
7,080
+7.9%
Cost of revenue
7,041
6,593
6,086
+6.8%
Gross profit
1,300
1,138
994
+14.2%
Gross margin
15.6%
14.7%
14.0%
Selling, general and administrative
1,014
881
757
+15.1%
Operating income
272
241
233
+12.9%
Operating margin
3.3%
3.1%
3.3%
Interest expense
41.6
28.5
21.7
+46.1%
Pre-tax income
228
212
212
+7.9%
Income tax
55.8
52.3
48.2
+6.7%
Effective tax rate
24.4%
24.7%
22.8%
Net income
173
159
164
+8.3%
Net margin
2.1%
2.1%
2.3%
Diluted EPS
$4.87
$4.43
$4.55
+9.9%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
356
128
293
+178.1%
Capital expenditure
24.2
69.1
17.3
-65.0%
Free cash flow
331
58.8
275
+463.7%
Free cash flow margin
4.0%
0.8%
3.9%
Cash from investing
9.7
-733
-91.7
Cash from financing
-362
578
-159
Depreciation and amortisation
65.6
46.2
37.5
+41.9%
Share-based compensation
17.7
16.0
15.4
+10.7%
Buybacks
25.0
27.9
22.1
-10.4%
Diluted shares, weighted
35m
36m
36m
-1.4%
Shares outstanding at period end
35m
35m
35m
-0.5%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
1,342
1,160
987
+15.7%
Debt
438
858
197
-49.0%
Other liabilities
2,531
2,160
1,592
+17.2%
Total liabilities and equity
4,311
4,178
2,776
+3.2%
Fixed assets
146
131
73.0
+11.5%
Goodwill
429
415
167
+3.4%
Intangible assets
247
279
112
-11.4%
Cash and equivalents
128
115
143
+11.9%
Receivables
2,685
2,511
1,932
+6.9%
Inventory
186
191
149
-2.7%
Other assets
489
537
201
-8.9%
Total assets
4,311
4,178
2,776
+3.2%
10-K for the year ended 31 December 2020, filed 17 February 2021: the filing.