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10-Q Filing

TECH DATA CORP CIK: 790703 Q1 2016
Filing Information
Form Type 10-Q
Accession Number 0000790703-16-000036
Period End Date 20160430
Filing Date 20160602
Fiscal Year 2016
Fiscal Period Q1
XBRL Instance tecd-20160430.xml
Filing Contents
Balance Sheet 62 line items
Line Item Tag Value Unit Period
Allowance for doubtful accounts receivable and sales returns AllowanceForDoubtfulAccountsReceivableCurrent $45.88M USD Point-in-time
Allowance for doubtful accounts receivable and sales returns AllowanceForDoubtfulAccountsReceivableCurrent $45.85M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Cash and Cash Equivalents, at Carrying Value CashAndCashEquivalentsAtCarryingValue $543.00M USD Point-in-time
Cash and Cash Equivalents, at Carrying Value CashAndCashEquivalentsAtCarryingValue $531.17M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 200.00M shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 200.00M shares Point-in-time
Cash and Cash Equivalents, at Carrying Value CashAndCashEquivalentsAtCarryingValue $619.18M USD Point-in-time
Cash and Cash Equivalents, at Carrying Value CashAndCashEquivalentsAtCarryingValue $825.73M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 59.25M shares Point-in-time
Accounts receivable, less allowances of $45,851 and $45,875 AccountsReceivableNetCurrent $3.00B USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 59.25M shares Point-in-time
Accounts receivable, less allowances of $45,851 and $45,875 AccountsReceivableNetCurrent $2.58B USD Point-in-time
Treasury stock, shares TreasuryStockShares 24.16M shares Point-in-time
Inventories InventoryNet $2.12B USD Point-in-time
Inventories InventoryNet $2.09B USD Point-in-time
Treasury stock, shares TreasuryStockShares 24.05M shares Point-in-time
Prepaid expenses and other assets PrepaidExpenseAndOtherAssetsCurrent $178.39M USD Point-in-time
Prepaid expenses and other assets PrepaidExpenseAndOtherAssetsCurrent $135.92M USD Point-in-time
Total current assets AssetsCurrent $5.64B USD Point-in-time
Total current assets AssetsCurrent $5.82B USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $71.18M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $66.03M USD Point-in-time
Goodwill Goodwill $204.11M USD Point-in-time
Goodwill Goodwill $212.88M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $158.52M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $159.39M USD Point-in-time
Other assets, net OtherAssetsNoncurrent $106.70M USD Point-in-time
Other assets, net OtherAssetsNoncurrent $113.12M USD Point-in-time
Total assets Assets $6.36B USD Point-in-time
Total assets Assets $6.19B USD Point-in-time
Accounts payable AccountsPayableCurrent $3.43B USD Point-in-time
Accounts payable AccountsPayableCurrent $3.16B USD Point-in-time
Accrued expenses and other liabilities AccruedLiabilitiesCurrent $455.23M USD Point-in-time
Accrued expenses and other liabilities AccruedLiabilitiesCurrent $487.00M USD Point-in-time
Revolving credit loans and current maturities of long-term debt, net DebtCurrent $18.06M USD Point-in-time
Revolving credit loans and current maturities of long-term debt, net DebtCurrent $17.94M USD Point-in-time
Total current liabilities LiabilitiesCurrent $3.93B USD Point-in-time
Total current liabilities LiabilitiesCurrent $3.63B USD Point-in-time
Long-term debt, less current maturities LongTermDebtNoncurrent $348.82M USD Point-in-time
Long-term debt, less current maturities LongTermDebtNoncurrent $348.61M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $71.28M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $76.38M USD Point-in-time
Total liabilities Liabilities $4.35B USD Point-in-time
Total liabilities Liabilities $4.06B USD Point-in-time
Commitments and contingencies (Note 7) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 7) CommitmentsAndContingencies - USD Point-in-time
Common stock, par value $.0015; 200,000,000 shares authorized; 59,245,585 shares issued at April 30, 2016 and January 31, 2016 CommonStockValue $89.00K USD Point-in-time
Common stock, par value $.0015; 200,000,000 shares authorized; 59,245,585 shares issued at April 30, 2016 and January 31, 2016 CommonStockValue $89.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $682.23M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $676.89M USD Point-in-time
Treasury stock, at cost (24,048,956 and 24,163,402 shares at April 30, 2016 and January 31, 2016) TreasuryStockValue $1.08B USD Point-in-time
Treasury stock, at cost (24,048,956 and 24,163,402 shares at April 30, 2016 and January 31, 2016) TreasuryStockValue $1.07B USD Point-in-time
Retained earnings RetainedEarningsUnappropriated $2.43B USD Point-in-time
Retained earnings RetainedEarningsUnappropriated $2.47B USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-33.33M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $62.67M USD Point-in-time
Total shareholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.13B USD Point-in-time
Total shareholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.01B USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $6.19B USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $6.36B USD Point-in-time
Income Statement 32 line items
Line Item Tag Value Unit Period
Net sales SalesRevenueNet $5.89B USD 1 Quarter
Net sales SalesRevenueNet $5.96B USD 1 Quarter
Cost of products sold CostOfGoodsSold $5.66B USD 1 Quarter
Cost of products sold CostOfGoodsSold $5.60B USD 1 Quarter
Gross profit GrossProfit $291.89M USD 1 Quarter
Gross profit GrossProfit $298.61M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $246.50M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $248.46M USD 1 Quarter
LCD settlements, net GainLossRelatedToLitigationSettlement $38.51M USD 1 Quarter
LCD settlements, net GainLossRelatedToLitigationSettlement $443.00K USD 1 Quarter
Operating expenses OperatingExpenses $209.95M USD 1 Quarter
Operating expenses OperatingExpenses $246.05M USD 1 Quarter
Operating income OperatingIncomeLoss $52.56M USD 1 Quarter
Operating income OperatingIncomeLoss $81.94M USD 1 Quarter
Interest expense InterestExpense $5.72M USD 1 Quarter
Interest expense InterestExpense $5.60M USD 1 Quarter
Other (income) expense, net OtherNonoperatingIncomeExpense $-161.00K USD 1 Quarter
Other (income) expense, net OtherNonoperatingIncomeExpense $1.03M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $76.06M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $47.99M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $24.78M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $14.62M USD 1 Quarter
Net income ProfitLoss $51.28M USD 1 Quarter
Net income ProfitLoss $33.37M USD 1 Quarter
Basic EarningsPerShareBasic $0.95 USD 1 Quarter
Basic EarningsPerShareBasic $1.39 USD 1 Quarter
Diluted EarningsPerShareDiluted $1.38 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.94 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 36.82M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 35.13M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 35.37M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 37.04M shares 1 Quarter
Cash Flow Statement 70 line items
Line Item Tag Value Unit Period
Cash received from customers ProceedsFromCustomers $7.09B USD 1 Quarter
Cash received from customers ProceedsFromCustomers $6.51B USD 1 Quarter
Cash paid to vendors and employees PaymentsToSuppliersAndEmployees $6.79B USD 1 Quarter
Cash paid to vendors and employees PaymentsToSuppliersAndEmployees $6.39B USD 1 Quarter
Interest paid, net InterestPaidNet $8.37M USD 1 Quarter
Interest paid, net InterestPaidNet $8.30M USD 1 Quarter
Income taxes paid IncomeTaxesPaid $1.00M USD 1 Quarter
Income taxes paid IncomeTaxesPaid $15.82M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $275.75M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $107.33M USD 1 Quarter
Expenditures for property and equipment PaymentsToAcquirePropertyPlantAndEquipment $7.17M USD 1 Quarter
Expenditures for property and equipment PaymentsToAcquirePropertyPlantAndEquipment $4.23M USD 1 Quarter
Software and software development costs PaymentsForSoftware $4.40M USD 1 Quarter
Software and software development costs PaymentsForSoftware $3.02M USD 1 Quarter
Proceeds from sale of subsidiaries ProceedsFromDivestitureOfBusinesses - USD 1 Quarter
Proceeds from sale of subsidiaries ProceedsFromDivestitureOfBusinesses $18.75M USD 1 Quarter
Net cash (used in) provided by investing activities NetCashProvidedByUsedInInvestingActivities $-11.56M USD 1 Quarter
Net cash (used in) provided by investing activities NetCashProvidedByUsedInInvestingActivities $11.50M USD 1 Quarter
Payments for employee tax withholdings on equity awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $4.35M USD 1 Quarter
Payments for employee tax withholdings on equity awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $4.09M USD 1 Quarter
Net (repayments) borrowings on revolving credit loans ProceedsFromRepaymentsOfLinesOfCredit $-1.19M USD 1 Quarter
Net (repayments) borrowings on revolving credit loans ProceedsFromRepaymentsOfLinesOfCredit $3.04M USD 1 Quarter
Proceeds from the reissuance of treasury stock ProceedsFromSaleOfTreasuryStock $104.00K USD 1 Quarter
Proceeds from the reissuance of treasury stock ProceedsFromSaleOfTreasuryStock $146.00K USD 1 Quarter
Cash paid for purchase of treasury stock PaymentsForRepurchaseOfCommonStock $47.00M USD 1 Quarter
Cash paid for purchase of treasury stock PaymentsForRepurchaseOfCommonStock - USD 1 Quarter
Principal payments on long-term debt RepaymentsOfLongTermDebtAndCapitalSecurities - USD 1 Quarter
Principal payments on long-term debt RepaymentsOfLongTermDebtAndCapitalSecurities $118.00K USD 1 Quarter
Acquisition earn-out payment PaymentsForAcquisitionEarnOut $2.74M USD 1 Quarter
Acquisition earn-out payment PaymentsForAcquisitionEarnOut - USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-5.13M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-51.07M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $8.42M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $35.51M USD 1 Quarter
Net increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $294.56M USD 1 Quarter
Net increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $76.19M USD 1 Quarter
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $543.00M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $531.17M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $619.18M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $825.73M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $543.00M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $531.17M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $619.18M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $825.73M USD Point-in-time
Net income ProfitLoss $51.28M USD 1 Quarter
Net income ProfitLoss $33.37M USD 1 Quarter
Loss on disposal of subsidiaries BusinessExitCosts1 - USD 1 Quarter
Loss on disposal of subsidiaries BusinessExitCosts1 $363.00K USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $14.05M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $14.18M USD 1 Quarter
Provision for losses on accounts receivable ProvisionForDoubtfulAccounts $-408.00K USD 1 Quarter
Provision for losses on accounts receivable ProvisionForDoubtfulAccounts $-1.30M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $3.66M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $3.82M USD 1 Quarter
Accretion of debt discount and debt issuance costs on Senior Notes AmortizationOfFinancingCostsAndDiscounts $208.00K USD 1 Quarter
Accretion of debt discount and debt issuance costs on Senior Notes AmortizationOfFinancingCostsAndDiscounts $187.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-237.20M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-519.34M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $8.12M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-93.26M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $28.69M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-50.48M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-134.68M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-381.93M USD 1 Quarter
Accrued expenses and other liabilities IncreaseDecreaseInAccruedLiabilities $-27.78M USD 1 Quarter
Accrued expenses and other liabilities IncreaseDecreaseInAccruedLiabilities $-55.37M USD 1 Quarter
Total adjustments AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $242.38M USD 1 Quarter
Total adjustments AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $56.06M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $275.75M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $107.33M USD 1 Quarter
Comprehensive Income 6 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $51.28M USD 1 Quarter
Net income ProfitLoss $33.37M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $95.99M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $8.48M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $59.76M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $129.37M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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