Synnex corporation (SNX)
CashFlow / TTM
Feb'20Nov'19Aug'19May'19Feb'19Nov'18Aug'18May'18Feb'18Nov'17Aug'17May'17Feb'17Nov'16Aug'16May'16Feb'16Nov'15Aug'15May'15Feb'15Nov'14Aug'14May'14Feb'14Nov'13Aug'13May'13Feb'13Nov'12Aug'12May'12Feb'12Nov'11Aug'11May'11Feb'11
Cash flows from operating activities:
Net income

536,190

500,712

439,913

383,720

362,989

299,981

274,919

283,143

262,549

300,240

295,410

278,948

250,157

235,005

211,919

201,389

208,942

208,607

203,491

200,325

187,994

180,150

164,548

166,176

157,389

152,322

154,509

142,702

146,740

152,503

159,011

163,355

160,036

150,553

0

0

0

Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization

362,592

372,108

360,465

317,620

271,027

225,287

197,798

185,963

172,573

159,886

146,537

138,050

131,062

121,293

151,263

135,902

118,517

103,510

101,834

99,123

97,213

91,699

29,349

23,096

17,891

16,509

16,226

16,408

16,575

16,341

17,523

16,996

17,151

17,089

0

0

0

Amortization of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

40,458

24,892

11,697

7,953

8,002

8,067

8,167

8,289

8,207

7,920

7,610

7,584

0

0

0

Accretion of convertible notes discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,314

3,667

5,003

5,377

5,273

5,171

5,069

4,971

4,874

0

0

0

Share-based compensation

30,141

27,959

25,677

25,038

24,184

22,678

21,472

19,766

18,180

17,368

15,768

15,088

14,793

13,971

13,581

13,477

13,455

13,644

15,530

15,821

15,148

14,076

11,608

10,108

9,275

9,174

8,979

8,918

8,919

8,445

8,380

8,302

8,061

7,993

0

0

0

Provision for doubtful accounts

32,544

34,911

26,308

13,207

10,871

7,246

7,403

9,137

9,514

8,268

0

0

0

-

-

-

-

-

-

0

0

-

3,335

1,671

3,091

2,952

3,567

1,503

-2,038

-1,685

2,625

6,045

8,175

8,505

0

0

0

Tax benefits from employee stock plans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

11,165

4,104

4,198

5,355

-1,208

-668

1,340

3,623

3,040

4,686

4,712

4,406

0

0

0

Excess tax benefit from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

8,308

8,148

8,413

8,852

7,780

6,765

6,373

5,850

5,513

6,597

6,438

6,362

5,445

2,916

2,217

1,503

3,143

2,981

4,476

5,502

4,389

0

0

0

Deferred income taxes

15,191

18,189

35,288

33,424

31,178

47,072

53,743

52,523

50,287

25,916

2,344

3,190

3,567

7,409

9,607

9,869

10,036

5,497

29,503

30,335

26,418

25,863

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Gains on investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

59

322

260

1,058

1,882

2,025

2,135

2,898

1,895

-5

-643

-1,334

0

0

0

Unrealized foreign exchange (gains) losses

2,746

-1,521

-1,473

-10,754

-10,848

-8,867

-2,468

-1,006

2,504

3,542

-3,203

1,742

3,284

3,009

7,909

-11,879

-14,607

-16,029

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-5,829

-9,719

-9,648

-8,643

-3,864

2,310

-3,096

-2,334

-6,563

-4,861

442

902

844

-1,156

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities, net of acquisition of businesses:
Accounts receivable, net

195,364

326,681

219,793

423,619

160,229

451,188

382,772

203,148

216,091

376,371

206,579

192,036

146,864

-95,044

-34,548

-184,377

-90,964

-291,206

-199,402

-41,402

101,317

528,133

542,247

581,966

311,759

187,489

129,020

92,579

50,602

112,965

35,993

92,257

14,426

-29,479

0

0

0

Receivables from vendors, net

45,368

26,389

-5,320

16,631

2,590

63,831

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Receivable from related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

734

373

453

-139

0

0

0

-

-

-

0

-

0

0

0

Inventories

282,992

153,134

859,792

620,611

259,664

366,392

-326,609

-146,681

292,007

261,423

670,060

739,337

578,599

410,162

231,993

132,306

-22,950

-40,121

-73,048

-135,390

116,709

330,153

444,025

486,328

283,092

155,221

95,740

48,380

-18,312

-49,492

-50,771

-57,595

-6,605

-28,240

0

0

0

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

29,660

22,281

14,500

5,573

8,081

-1,546

-11,763

-3,592

4,499

13,542

6,318

4,009

0

0

0

Accounts payable

360,332

98,392

649,883

433,750

-293,664

381,970

-122,013

8,648

355,857

341,962

271,711

317,885

291,550

265,609

251,255

171,568

102,433

-23,482

-19,778

-160,790

-128,802

206,363

261,890

444,962

302,803

186,189

157,118

178,886

56,251

108,284

98,184

-19,852

16,494

-49,401

0

0

0

Other operating assets and liabilities

2,133

-46,465

31,220

78,802

-21,617

-95,466

-86,163

-118,798

-156,058

-100,454

-112,559

-81,699

-43,069

-19,780

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payable to related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

7,077

14,337

8,181

2,635

0

0

0

-

-

-

-

-

-

-

-

Other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

159,862

137,317

63,197

10,939

29,064

-238

-3,558

-736

-1,121

11,098

-894

3,009

0

0

0

Other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,767

7,213

-6,813

-8,449

-10,389

-12,983

-9,632

3,992

16,257

29,483

29,848

12,977

0

0

0

Net cash provided by (used in) operating activities

766,360

549,919

343,564

-9,384

-51,920

100,706

216,548

385,107

356,720

176,764

-29,087

-104,877

-4,269

324,704

357,544

589,719

576,512

641,344

569,259

300,543

8,421

-234,772

-328,989

-255,507

-40,216

35,707

142,241

211,896

209,520

242,793

321,764

179,268

233,908

219,153

0

0

0

Cash flows from investing activities:
Purchases of investments

-

-

-

-

-

-

-

-

-

12,942

17,080

63,396

90,756

92,264

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of held-to-maturity investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of trading investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

3,648

3,954

4,057

3,650

4,239

4,550

3,338

6,287

6,287

6,509

6,541

3,161

0

0

0

Proceeds from maturity of investments

-

-

-

-

-

-

-

-

-

-

0

0

89,792

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of trading investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

722

806

656

539

582

597

1,117

4,047

4,313

4,372

3,987

1,545

0

0

0

Purchases of trading and available-for-sale investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of term deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from maturity of term deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Refund of excess purchase consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of property and equipment

160,523

137,423

143,264

135,697

131,745

125,305

100,889

102,266

98,260

97,546

100,202

100,998

109,020

123,233

123,772

122,310

113,565

100,106

88,651

82,439

75,484

57,377

53,843

41,107

30,217

28,965

18,284

15,313

12,917

14,481

30,358

31,497

36,129

40,153

0

0

0

Acquisition of businesses, net of refunds

7,581

9,427

1,072,671

1,070,259

1,065,870

1,069,946

481,271

539,080

532,580

526,658

0

0

0

-

-

-

-

-

-

-

-

384,867

391,667

395,978

416,679

27,123

29,351

22,901

2,461

1,592

17,050

19,189

17,529

60,355

0

0

0

Other

3,531

-13

4,389

2,906

2,117

2,848

-2,068

-2,126

-2,157

-2,264

-3,284

-5,347

-5,133

-5,869

-6,643

-2,624

-2,688

-1,726

223

-1,873

-2,296

-2,836

0

0

0

-

779

964

1,029

1,091

234

227

267

2,914

0

0

0

Proceeds from sale of equity-method investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,633

3,480

0

0

0

-

-

-

-

Decrease (increase) in investment in equity-method investee

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Changes in restricted cash, net of acquisition of businesses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25,235

6,650

18,564

11,178

13,193

-7,791

-9,626

-5,142

-3,807

10,727

8,892

-2,152

5,707

-12,201

-11,367

14,049

0

0

0

Net cash used in investing activities

-171,636

-146,837

-1,207,440

-1,194,982

-1,181,225

-1,179,592

-604,530

-664,682

-660,076

-654,257

-160,292

-504,675

-519,652

-531,880

-491,323

-155,420

-100,647

-59,449

-65,083

-10,674

-45,998

-441,651

-451,405

-421,924

-433,419

-43,784

-38,899

-43,901

-15,713

-9,560

-55,595

-39,756

-46,855

-126,388

0

0

0

Cash flows from financing activities:
Proceeds from borrowings

7,643,594

7,503,576

8,749,871

9,013,780

9,408,917

10,060,449

10,620,520

10,398,381

9,720,473

9,061,771

6,973,055

6,226,002

5,140,672

3,503,516

2,549,378

1,788,658

2,092,195

2,847,261

3,489,499

4,149,755

4,247,150

4,311,359

3,678,430

3,040,020

2,199,588

1,210,315

677,146

546,896

826,300

1,430,395

2,220,421

3,196,806

3,802,589

4,224,598

0

0

0

Repayments of borrowings

8,063,583

8,024,961

7,718,952

7,772,939

8,152,463

8,930,165

10,138,050

9,970,054

9,224,159

8,382,379

6,723,737

5,849,123

4,843,612

3,285,687

2,101,024

1,427,216

2,239,339

3,092,506

3,916,506

4,546,708

3,921,076

3,632,603

3,126,657

2,441,731

1,860,669

1,055,592

631,292

568,772

817,857

1,533,925

2,370,734

3,331,923

4,024,533

4,330,321

0

0

0

Proceeds from term loans, net of issuance cost

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

225,000

225,000

225,000

0

0

0

0

-

-

-

-

87,309

0

0

0

Payments of term loans, capital leases and other borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

3,853

1,057

1,049

1,479

1,949

2,418

2,890

2,949

4,554

6,191

6,029

121,423

0

0

0

Dividends paid

78,173

76,607

75,379

70,150

64,923

59,720

53,795

49,864

45,852

41,815

39,767

37,734

35,691

33,724

31,645

28,645

25,689

22,591

19,682

14,760

9,796

4,927

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

8,308

8,148

8,413

8,852

7,780

6,765

6,373

5,850

5,513

6,597

6,438

6,362

5,445

2,916

2,217

1,503

3,143

2,981

4,476

5,502

4,389

0

0

0

Increase (decrease) in book overdraft

-8,561

-1,908

4,019

3,472

-2,734

-1,028

-4,529

-2,687

8,884

1,166

1,986

-9,712

1,104

-2,499

2,344

1,890

-6,936

-82,236

-39,274

-48,934

-23,002

27,762

-3,863

58,900

31,691

60,467

43,287

-12,216

-17,039

-26,504

-27,494

-8,072

-8,696

13,606

0

0

0

Payments of acquisition-related contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

5,136

5,136

400

0

0

0

0

-

-

-

-

-

-

-

-

Repurchases of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

6,917

6,917

15,653

13,679

8,736

0

0

0

-

-

-

-

1,882

9,664

9,664

7,885

7,782

0

0

0

-

-

-

-

Proceeds from issuance of common stock

8,508

5,367

3,984

4,242

4,142

4,924

5,070

5,264

4,903

4,236

4,776

5,227

6,825

7,550

7,337

7,355

6,177

5,959

0

0

0

-

-

7,829

10,043

8,587

5,634

3,042

2,752

7,234

7,498

10,158

9,137

2,664

0

0

0

Repurchases of common stock for tax withholdings on equity awards

9,682

7,911

5,685

5,615

5,634

6,413

7,671

7,943

8,326

9,871

9,553

9,826

9,471

9,058

8,069

8,490

10,991

9,828

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

0

-107

0

0

0

-

-

-

0

-

2,466

627

211

-1,337

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for purchase of shares of subsidiary from noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,400

11,400

11,404

17,450

6,050

0

0

0

-

-

-

-

Capital contribution by noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,411

0

0

0

Net cash provided by (used in) financing activities

-537,047

-631,701

925,811

1,137,513

1,120,451

1,001,146

360,513

330,831

459,904

638,654

212,225

329,518

263,630

180,152

16,109

-76,115

-186,540

-355,067

-312,062

-280,960

63,712

701,925

772,281

667,436

385,960

-8,366

-144,194

-52,321

-33,620

-137,492

-179,524

-141,151

-221,493

-114,443

0

0

0

Effect of exchange rate changes on cash, cash equivalents and restricted cash

-5,955

-2,265

-5,592

-17,123

-15,980

-16,969

-8,681

-647

8,018

8,414

-2,258

-1,030

-8,802

-10,439

1,949

-16,945

-10,633

-16,610

-11,702

2,001

-4,767

3,019

-3,586

-1,796

4,004

4,366

7,223

3,498

3,131

387

71

3,718

2,025

1,211

0

0

0

Net increase (decrease) in cash, cash equivalents and restricted cash

51,722

-230,884

56,343

-83,975

-128,674

-94,709

-36,150

50,609

164,566

169,575

20,588

-281,064

-269,093

-37,463

-115,721

341,239

278,692

210,218

180,412

10,910

21,368

28,521

-11,699

-11,791

-83,671

-12,077

-33,629

119,172

163,318

96,128

86,716

2,079

-32,415

-20,467

0

0

0

Supplemental disclosure of non-cash investing activities:
Accrued costs for property and equipment purchases

11,313

10,117

3,652

7,326

7,254

4,186

4,080

2,265

3,016

2,239

-1,003

1,430

-1,515

2,534

6,067

7,843

14,127

9,856

11,319

7,731

3,931

3,563

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-