$SNX
TD SYNNEX CORP

2019 Q2 Form 10-Q Financial Statement

#000156459019024450 Filed on July 03, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2
Revenue $5.723B $4.973B
YoY Change 15.09% 26.33%
Cost Of Revenue $5.024B $304.4M
YoY Change 1550.85% 2.0%
Gross Profit $698.5M $429.2M
YoY Change 62.75% 15.29%
Gross Profit Margin 12.2% 8.63%
Selling, General & Admin $523.8M $305.2M
YoY Change 71.65% 23.49%
% of Gross Profit 74.99% 71.11%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $42.60M $22.60M
YoY Change 88.53% 16.4%
% of Gross Profit 6.1% 5.27%
Operating Expenses $523.8M $305.2M
YoY Change 71.65% 23.49%
Operating Profit $174.7M $124.0M
YoY Change 40.85% -0.9%
Interest Expense -$43.14M -$16.38M
YoY Change 163.47% 82.72%
% of Operating Profit -24.7% -13.21%
Other Income/Expense, Net $21.55M -$1.446M
YoY Change -1590.04% 601.94%
Pretax Income $153.1M $106.2M
YoY Change 44.15% -8.43%
Income Tax $38.58M $12.44M
% Of Pretax Income 25.21% 11.71%
Net Earnings $114.5M $93.74M
YoY Change 22.11% 28.15%
Net Earnings / Revenue 2.0% 1.89%
Basic Earnings Per Share $2.24 $2.35
Diluted Earnings Per Share $2.23 $2.34
COMMON SHARES
Basic Shares Outstanding 50.68M 39.51M
Diluted Shares Outstanding 50.94M 39.74M

Balance Sheet

Concept 2019 Q2 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $271.0M $358.0M
YoY Change -24.3% 15.11%
Cash & Equivalents $271.5M $354.2M
Short-Term Investments $4.000M
Other Short-Term Assets $327.7M $220.6M
YoY Change 48.58% 99.61%
Inventory $2.608B $2.130B
Prepaid Expenses
Receivables $3.457B $2.713B
Other Receivables $350.0M $0.00
Total Short-Term Assets $7.015B $5.427B
YoY Change 29.25% 25.47%
LONG-TERM ASSETS
Property, Plant & Equipment $564.3M $344.3M
YoY Change 63.9% 7.27%
Goodwill $2.192B $861.5M
YoY Change 154.46% 77.39%
Intangibles $1.267B $525.9M
YoY Change 140.87% 97.3%
Long-Term Investments
YoY Change
Other Assets $155.5M $125.0M
YoY Change 24.32% 78.86%
Total Long-Term Assets $4.261B $1.888B
YoY Change 125.63% 56.93%
TOTAL ASSETS
Total Short-Term Assets $7.015B $5.427B
Total Long-Term Assets $4.261B $1.888B
Total Assets $11.28B $7.316B
YoY Change 54.13% 32.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.765B $2.258B
YoY Change 22.47% 33.82%
Accrued Expenses $612.2M $402.8M
YoY Change 51.98% 44.46%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $729.0M $705.0M
YoY Change 3.4% 37.96%
Total Short-Term Liabilities $4.461B $3.640B
YoY Change 22.57% 36.57%
LONG-TERM LIABILITIES
Long-Term Debt $2.793B $1.107B
YoY Change 152.3% 91.18%
Other Long-Term Liabilities $305.0M $170.3M
YoY Change 79.12% 55.76%
Total Long-Term Liabilities $305.0M $170.3M
YoY Change 79.12% -75.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.461B $3.640B
Total Long-Term Liabilities $305.0M $170.3M
Total Liabilities $7.739B $5.004B
YoY Change 54.64% 46.64%
SHAREHOLDERS EQUITY
Retained Earnings $2.364B $2.045B
YoY Change 15.59% 12.95%
Common Stock $53.00K $41.00K
YoY Change 29.27% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $165.6M $124.8M
YoY Change 32.69% 76.09%
Treasury Stock Shares $2.336M 1.883M shares
Shareholders Equity $3.537B $2.311B
YoY Change
Total Liabilities & Shareholders Equity $11.28B $7.316B
YoY Change 54.13% 32.32%

Cashflow Statement

Concept 2019 Q2 2018 Q2
OPERATING ACTIVITIES
Net Income $114.5M $93.74M
YoY Change 22.11% 28.15%
Depreciation, Depletion And Amortization $42.60M $22.60M
YoY Change 88.53% 16.4%
Cash From Operating Activities $110.9M $68.40M
YoY Change 62.13% 71.0%
INVESTING ACTIVITIES
Capital Expenditures -$31.60M -$27.60M
YoY Change 14.49% 16.46%
Acquisitions
YoY Change
Other Investing Activities -$4.800M $5.000M
YoY Change -196.0% -10.71%
Cash From Investing Activities -$36.40M -$22.60M
YoY Change 61.06% 25.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -42.70M -59.80M
YoY Change -28.6% -186.42%
NET CHANGE
Cash From Operating Activities 110.9M 68.40M
Cash From Investing Activities -36.40M -22.60M
Cash From Financing Activities -42.70M -59.80M
Net Change In Cash 31.80M -14.00M
YoY Change -327.14% -115.35%
FREE CASH FLOW
Cash From Operating Activities $110.9M $68.40M
Capital Expenditures -$31.60M -$27.60M
Free Cash Flow $142.5M $96.00M
YoY Change 48.44% 50.71%

Facts In Submission

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CY2019Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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-53686000
CY2018Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Before Reclassification Adjustments Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansBeforeReclassificationAdjustmentsTax
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CY2019Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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CY2018Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
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CY2019Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
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CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2018Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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2287297000
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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snx Repayments Of Lines Of Credit And Term Loans
RepaymentsOfLinesOfCreditAndTermLoans
3895664000
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
3676000
CY2018Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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-32022000
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-61161000
CY2019Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.375
CY2018Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.350
us-gaap Common Stock Dividends Per Share Declared
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us-gaap Common Stock Dividends Per Share Declared
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us-gaap Depreciation Depletion And Amortization
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us-gaap Depreciation Depletion And Amortization
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
ShareBasedCompensation
10725000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3852000
us-gaap Increase Decrease In Deferred Income Taxes
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14222000
us-gaap Increase Decrease In Deferred Income Taxes
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27870000
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-3552000
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-1665000
us-gaap Other Noncash Income Expense
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-7314000
us-gaap Other Noncash Income Expense
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3639000
us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Accounts And Other Receivables
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us-gaap Increase Decrease In Accounts And Other Receivables
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accounts Payable
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112570000
us-gaap Increase Decrease In Other Operating Capital Net
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-61698000
us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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62710000
snx Payments To Acquire Short Term Held To Maturity Securities
PaymentsToAcquireShortTermHeldToMaturitySecurities
32000
us-gaap Payments For Proceeds From Heldtomaturity Securities Shortterm
PaymentsForProceedsFromHeldtomaturitySecuritiesShortterm
-4659000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
60412000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
50020000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
6235000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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snx Proceeds From Lines Of Credit And Term Loans
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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snx Repayments Of Lines Of Credit And Term Loans
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us-gaap Payments Of Dividends
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us-gaap Payments Of Dividends
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us-gaap Increase Decrease In Outstanding Checks Financing Activities
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us-gaap Increase Decrease In Outstanding Checks Financing Activities
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Proceeds From Payments For Other Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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snx Unsettled Common Stock Repurchases
UnsettledCommonStockRepurchases
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snx Unsettled Common Stock Repurchases
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us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
6016000
snx Accumulated Other Comprehensive Loss Expected To Be Reclassified To Net Earnings
AccumulatedOtherComprehensiveLossExpectedToBeReclassifiedToNetEarnings
985000
CY2019Q2 snx Decrease In Derivative Assets And Liability Due To Offsetting
DecreaseInDerivativeAssetsAndLiabilityDueToOffsetting
4057000
CY2018Q4 snx Decrease In Derivative Assets And Liability Due To Offsetting
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snx Cash Equivalents Maximum Maturity Period New
CashEquivalentsMaximumMaturityPeriodNew
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CY2019Q2 snx Transfers Between Fair Value Measurement Category Levels
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0
CY2019Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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CY2019Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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CY2019Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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us-gaap Concentration Risk Credit Risk
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<p style="margin-bottom:0pt;margin-top:9pt;margin-left:2.34%;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Concentration of credit risk </p> <p style="margin-bottom:0pt;margin-top:9pt;text-indent:4.17%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Financial instruments that potentially subject the Company to significant concentration of credit risk consist principally of cash and cash equivalents, accounts receivable and derivative instruments.</p> <p style="margin-bottom:0pt;margin-top:9pt;text-indent:4.17%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company&#8217;s cash and cash equivalents and derivative instruments are transacted and maintained with financial institutions with high credit standing, and their compositions and maturities are regularly monitored by management. Through May&#160;31, 2019, the Company had not experienced any credit losses on such deposits and derivative instruments. &#160;</p> <p style="margin-bottom:0pt;margin-top:9pt;text-indent:4.17%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Accounts receivable include amounts due from customers, including related party customers. Receivables from vendors, net, includes amounts due from original equipment manufacturer (&#8220;OEM&#8221;) vendors primarily in the technology industry. The Company performs ongoing credit evaluations of its customers&#8217; financial condition and limits the amount of credit extended when deemed necessary, but generally requires no collateral. The Company also maintains allowances for potential credit losses. In estimating the required allowances, the Company takes into consideration the overall quality and aging of its receivable portfolio, the existence of a limited amount of credit insurance and specifically identified customer and vendor risks. Through May&#160;31, 2019, such losses have been within management&#8217;s expectations. &#160;</p> <p style="margin-bottom:0pt;margin-top:9pt;text-indent:4.17%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">One customer accounted for 18% of the Company&#8217;s total revenue during both the three and six months ended May&#160;31, 2019.<font style="font-family:Calibri;font-size:11pt;">&#160;</font>The same customer accounted for 18% (as adjusted) of the Company's total revenue during both the three and six months ended May 31, 2018. Products purchased from the Company&#8217;s largest OEM supplier, HP Inc., accounted for approximately 12% and 11% of total revenue during the three and six months ended May&#160;31, 2019 and approximately 13% (as adjusted) of total revenue during both the three and six months ended May&#160;31, 2018.</p> <p style="margin-bottom:0pt;margin-top:9pt;text-indent:4.17%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">As of May&#160;31, 2019 and November&#160;30, 2018, one customer comprised 15% and 11% (as adjusted), respectively, of the total accounts receivable balance.</p>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="margin-bottom:0pt;margin-top:9pt;margin-left:2.34%;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Reclassifications</p> <p style="margin-bottom:0pt;margin-top:9pt;text-indent:4.17%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Certain reclassifications have been made to prior period amounts in the Consolidated Balance Sheets, the Consolidated Statements of Cash Flows and the notes thereto to conform to current period presentation.&#160;These reclassifications had no effect on total current assets, total assets, total current liabilities, total liabilities or cash flows from operating, investing or financing activities as previously reported. In addition, refer below for impact of reclassifications made due to adoption of new accounting pronouncements.</p>
CY2019Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
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CY2018Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
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CY2019Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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CY2018Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
11319000
CY2019Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
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CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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150213000
CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
131762000
CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
522286000
CY2019Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1266671000
us-gaap New Accounting Pronouncement Or Change In Accounting Principle Effect Of Adoption Quantification
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-1955000
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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-54302000
CY2019Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
52864000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
105721000
CY2018Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
26276000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
52986000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2018Q4 snx Accounts Receivable Current Net Of Adjustments
AccountsReceivableCurrentNetOfAdjustments
3640431000
CY2018Q4 snx Other Assets Current Net Of Adjustments
OtherAssetsCurrentNetOfAdjustments
313616000
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
16000
CY2019Q2 us-gaap Stock Granted During Period Value Sharebased Compensation Gross
StockGrantedDuringPeriodValueSharebasedCompensationGross
1654000
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
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CY2018Q2 us-gaap Stock Granted During Period Value Sharebased Compensation Gross
StockGrantedDuringPeriodValueSharebasedCompensationGross
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
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us-gaap Stock Granted During Period Value Sharebased Compensation Gross
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
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us-gaap Stock Granted During Period Value Sharebased Compensation Gross
StockGrantedDuringPeriodValueSharebasedCompensationGross
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CY2019Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
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CY2018Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
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us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2019Q2 us-gaap Allocated Share Based Compensation Expense Net Of Tax
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CY2018Q2 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
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us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
9647000
us-gaap Allocated Share Based Compensation Expense Net Of Tax
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CY2019Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
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CY2018Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
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CY2019Q2 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
273000
CY2018Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
213000
CY2019Q2 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
3469435000
CY2018Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
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CY2019Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
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CY2019Q2 snx Accounts And Other Receivables Gross Current
AccountsAndOtherReceivablesGrossCurrent
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CY2018Q4 snx Accounts And Other Receivables Gross Current
AccountsAndOtherReceivablesGrossCurrent
357930000
CY2019Q2 snx Allowance For Doubtful Accounts And Other Receivables Current
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4424000
CY2018Q4 snx Allowance For Doubtful Accounts And Other Receivables Current
AllowanceForDoubtfulAccountsAndOtherReceivablesCurrent
6186000
CY2019Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1039582000
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
956170000
CY2019Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
475292000
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
384844000
CY2019Q2 us-gaap Depreciation
Depreciation
42601000
us-gaap Depreciation
Depreciation
84118000
CY2018Q2 us-gaap Depreciation
Depreciation
22596000
us-gaap Depreciation
Depreciation
44520000
us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
-10154000
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-1086000
CY2019Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
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CY2019Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
507938000
CY2018Q4 us-gaap Finite Lived Intangible Assets Gross
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CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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404363000
CY2019Q2 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
3531479000
CY2019Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
44068000
us-gaap Interest Expense Debt
InterestExpenseDebt
87710000
CY2018Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
20077000
us-gaap Interest Expense Debt
InterestExpenseDebt
38301000
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
114473000
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
93742000
us-gaap Net Income Loss
NetIncomeLoss
201579000
us-gaap Net Income Loss
NetIncomeLoss
117840000
CY2019Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
1032000
CY2018Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
864000
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
1820000
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
1081000
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
113441000
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
92878000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
199759000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
116759000
CY2019Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
1027000
CY2018Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
860000
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
113446000
CY2019Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
264000
CY2019Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
89000
CY2018Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
67000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
120000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
49000
CY2019Q2 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
12424000
us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
23544000
CY2018Q2 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
9381000
us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
19365000
CY2019Q2 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
6193000
CY2018Q4 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
6146000
CY2019Q2 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
2894000
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
5474000
CY2018Q2 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
1455000
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
2795000
CY2019Q2 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
1835000
us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
3212000
CY2018Q2 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
853000
us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
2115000
CY2019Q2 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
-86948000
CY2018Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
-89001000
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
110244000
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
194810000
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
153439000
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
113682000
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
76576000
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
109970000
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
758721000
CY2019Q2 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
66470000
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
130897000
CY2018Q2 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
29642000
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
61315000

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