TD SYNNEX CORP

Listed Company

SNXCIK 0001177394NYSELarge AcceleratedWholesale-Computers & Peripheral Equipment & SoftwareDelawareFY ends Nov 30

Period

FY 2025

Revenue

$62.51B

Net Income

$827.66M

Total Assets

$34.25B

Equity

$8.45B

Shares Out

80.39M

Op. Cash Flow

$1.53B

Business

TD SYNNEX CORP is a leading global distributor and solutions aggregator for the information technology ecosystem, bringing products from technology vendors to market and helping customers create integrated solutions. It offers IT hardware, software and systems including personal computing devices and peripherals, mobile phones and accessories, printers, server and datacenter infrastructure, hybrid cloud, security, networking, communications, storage, hyperscale solutions, system components, and value‑added services such as systems design and integration, logistics, depot repair, cloud and financial services. The company organizes its offerings into Endpoint Solutions and Advanced Solutions portfolios and reports three operating segments: the Americas, Europe and Asia‑Pacific and Japan (APJ). It distributes products primarily to resellers, retailers, system integrators, managed service providers and end‑users through regional distribution centers, online EDI/XML/APIs, and direct logistics and fulfillment channels.

Summary from filing dated 2025-01-24

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-11-30	FY 2024 2024-11-30	FY 2023 2023-11-30	FY 2022 2022-11-30	FY 2021 2021-11-30
Revenue	62,508	58,452	57,555	62,344	31,614
Cost of revenue	−58,139	−54,471	−53,599	−58,444	−29,725
Gross profit	4,369	3,981	3,957	3,900	1,890
Selling, general and administrative expenses	−2,947	−2,716	−2,673	−2,627	−1,154
Acquisition, integration and restructuring costs	−7	−71	−206	−222	−112
Operating income	1,415	1,194	1,078	1,051	623
Interest expense and finance charges, net	−357	−319	−288	−223	−158
Other expense, net	−1	−9	−206,000	−1	1
Income before income taxes	1,057	866	790	827	466
Provision for income taxes	−230	−177	−163	−176	−71
Net income	828	689	627	651	395
Basic (in USD per share)	9.99	7.99	6.72	6.79	6.28
Diluted (in USD per share)	9.95	7.95	6.7	6.77	6.24
Basic (in shares)	82	85	93	95	62
Diluted (in shares)	82	86	93	96	63

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-11-30	FY 2024 2024-11-30	FY 2023 2023-11-30	FY 2022 2022-11-30	FY 2021 2021-11-30
Cash and cash equivalents	2,435	1,059	1,034	523	994
Accounts receivable, net	11,708	10,342	10,298	9,421	8,310
Receivables from vendors, net	973	958	964	819	1,119
Inventories	9,504	8,287	7,146	9,067	6,643
Other current assets	669	679	642	672	668
Total current assets	25,289	21,325	20,084	20,501	17,734
Property and equipment, net	496	457	450	421	483
Goodwill	4,099	3,895	3,904	3,804	3,917
Intangible assets, net	3,775	3,912	4,244	4,423	4,913
Other assets, net	591	685	730	585	618
Total assets	34,251	30,274	29,413	29,734	27,666
Borrowings, current	1,018	171	984	268	181
Accounts payable	17,624	15,084	13,347	13,989	12,035
Other accrued liabilities	2,318	1,966	2,408	2,172	2,017
Total current liabilities	20,961	17,221	16,739	16,429	14,233
Long-term borrowings	3,592	3,736	3,099	3,836	3,955
Other long-term liabilities	448	469	499	502	556
Deferred tax liabilities	800	813	893	942	1,016
Total liabilities	25,800	22,239	21,230	21,708	19,760
Commitments and contingencies (Note 16)	—	—	—	—	—
Preferred stock, $0.001 par value, 5,000 shares authorized, no shares issued or outstanding	0	0	0	0	0
Common stock, $0.001 par value, 200,000 shares authorized, 99,012 shares issued as of both November 30, 2025 and 2024	99,000	99,000	99,000	99,000	98,000
Additional paid-in capital	7,431	7,438	7,435	7,374	7,271
Treasury stock, 18,912 and 15,289 shares as of November 30, 2025 and 2024, respectively	−2,039	−1,513	−950	−337	−201
Accumulated other comprehensive loss	−379	−645	−507	−720	−336
Retained earnings	3,437	2,756	2,205	1,708	1,172
Total stockholders' equity	8,450	8,035	8,183	8,026	7,906
Total liabilities and equity	34,251	30,274	29,413	29,734	27,666

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-11-30	FY 2024 2024-11-30	FY 2023 2023-11-30	FY 2022 2022-11-30	FY 2021 2021-11-30
Net income	828	689	627	651	395
Depreciation and amortization	414	408	418	463	152
Share-based compensation	66	69	85	91	53
Provision for doubtful accounts	35	862,000	45	35	−8
Deferred income taxes	−47	−29	−92	−92	−322,000
Other	7	3	−3	4	9
Accounts receivable, net	−1,118	−196	−657	−1,498	−517
Receivables from vendors, net	9	−7	−127	241	−114
Inventories	−1,052	−1,215	2,032	−2,637	−1,030
Accounts payable	2,176	1,930	−972	2,376	1,855
Other operating assets and liabilities	214	−436	50	311	−7
Net cash provided by operating activities	1,532	1,218	1,407	−50	810
Proceeds from sale of fixed assets	0	43	0	0	—
Purchases of property and equipment	−142	−175	−150	−117	−55
Acquisition of businesses, net of cash acquired	−84	−44	0	0	−907
Payments for (Proceeds from) Hedge, Investing Activities	−347,000	−15	−556,000	0	—
Other, net	5	−3	−6	2	10
Net cash used in investing activities	−221	−194	−156	−116	−952
Dividends paid	−146	−138	−130	−115	−50
Proceeds from issuance of common stock and reissuances of treasury stock	34	12	9	8	13
Repurchases of common stock	−596	−612	−621	−125	0
Repurchases of common stock for tax withholdings on equity awards	−31	−25	−19	−11	−10
Net borrowings (repayments) on revolving credit loans	162	−40	−3	97	−417
Principal payments on long-term debt	−599	−1,486	−74	−129	−2,278
Borrowings on long-term debt	1,152	1,349	52	0	2,546
Cash paid for debt issuance costs	−9	−14	0	0	−42
Other	0	0	375,000	−665,000	−4
Net cash used in financing activities	−33	−953	−786	−276	−393
Effect of exchange rate changes on cash, cash equivalents and restricted cash	98	−45	46	−31	−39
Net increase in cash, cash equivalents and restricted cash	1,376	26	511	−472	−574
Interest paid on borrowings	374	359	318	221	117
Income taxes paid	223	241	283	178	174

Filings

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