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TD SYNNEX SNX Intersegment Elimination — Operating Income

Discontinued — last reported Q4 '18

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Other financials

Income statement

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Revenue$17.2B+18.1%
Gross profit$1.3B+25.5%
Operating income$489.4M+60.7%
Net income$326.9M+95.1%
EPS (diluted)$4.04+104%

Balance sheet

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Cash & equivalents$1.6B+188%
Total debt$4.7B+9.1%
Total equity$8.8B+9.1%
Total assets$35.1B+21.8%

Cash flow

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Operating cash flow-$895.9M-19.8%
CapEx$33.1M-20.2%
Free cash flow-$929.0M-17.7%

Valuation

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Market cap$22.88B+9.0%
Enterprise value$26.04B+2.7%
P/E23.2×-7.5×
P/S0.4×0.0×

Profitability

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Gross margin7.1%+0.4pp
Operating margin2.5%+0.4pp
Net margin1.5%+0.4pp

Returns & leverage

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Return on equity11.7%+3.3pp
Debt / equity0.5×0.0×
Current ratio1.2×-0.1×

Where this comes from

Reported directly by TD SYNNEX in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The official record: TD SYNNEX’s 10-K, filed January 28, 2019, on SEC EDGAR. View the filing →

Questions, answered.

What does intersegment elimination — operating income mean?
The adjustment to operating income to remove the effects of internal profit margins on inter-segment transactions.
How do you interpret intersegment elimination — operating income?
Fluctuations indicate changes in internal transfer pricing policies or shifts in the volume of inventory held by segments that was purchased from other internal units.
How does intersegment elimination — operating income compare across companies?
Standard reconciliation metric for companies with complex, multi-segment supply chains; peers often show this in segment reporting footnotes.