Insight Enterprises (NSIT) FY2023 results: revenue $9.2 billion, down 12.0% on the year
Insight Enterprises Inc. (NSIT) reported revenue of $9.2 billion for fiscal 2023, the year ended 31 December 2023, down 12.0% on the year before. Net income was $281 million, up 0.2%, and diluted earnings per share $7.55. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2024.
Revenue
$9.2 billion
-12.0% on the year
FY2016FY2023
Operating margin
4.6%
4.0% a year earlier
FY2016FY2023
Net income
$281 million
+0.2% on the year
FY2016FY2023
Diluted EPS
$7.55
-1.4% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
620
98.1
164
+531.5%
Capital expenditure
39.3
70.9
52.1
-44.7%
Free cash flow
580
27.2
112
+2,036.0%
Free cash flow margin
6.3%
0.3%
1.2%
Cash from investing
-505
-138
-21.1
Cash from financing
-16.7
114
-161
Depreciation and amortisation
62.5
56.6
55.4
+10.4%
Share-based compensation
29.0
22.7
18.2
+27.5%
Buybacks
217
108
50.0
+101.2%
Diluted shares, weighted
37m
37m
37m
+1.7%
Shares outstanding at period end
33m
34m
35m
-4.2%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
1,736
1,638
1,509
+6.0%
Debt
941
638
362
+47.4%
Operating lease liabilities
71.0
63.3
58.4
+12.2%
Finance lease liabilities
n/a
0.0
0.0
Other liabilities
3,539
2,773
2,760
+27.6%
Total liabilities and equity
6,286
5,113
4,689
+23.0%
Fixed assets
210
204
176
+2.8%
Goodwill
684
493
428
+38.8%
Intangible assets
370
205
215
+80.3%
Cash and equivalents
269
164
104
+64.2%
Receivables
3,568
3,272
2,937
+9.0%
Inventory
185
265
328
-30.4%
Other assets
1,001
509
501
+96.5%
Total assets
6,286
5,113
4,689
+23.0%
10-K for the year ended 31 December 2023, filed 22 February 2024: the filing.