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10-Q Filing

TECH DATA CORP CIK: 790703 Q1 2017
Filing Information
Form Type 10-Q
Accession Number 0000790703-17-000037
Period End Date 20170430
Filing Date 20170608
Fiscal Year 2017
Fiscal Period Q1
XBRL Instance tecd-20170430.xml
Filing Contents
Balance Sheet 60 line items
Line Item Tag Value Unit Period
Common stock, par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.00 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 CashAndCashEquivalentsAtCarryingValue $2.13B USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 59.25M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 59.25M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $825.73M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $861.54M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $531.17M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $4.54B USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $3.05B USD Point-in-time
Treasury stock, shares TreasuryStockShares 24.02M shares Point-in-time
Treasury stock, shares TreasuryStockShares 21.12M shares Point-in-time
Inventories InventoryNet $2.12B USD Point-in-time
Inventories InventoryNet $2.60B USD Point-in-time
Prepaid expenses and other assets PrepaidExpenseAndOtherAssetsCurrent $119.91M USD Point-in-time
Prepaid expenses and other assets PrepaidExpenseAndOtherAssetsCurrent $253.45M USD Point-in-time
Total current assets AssetsCurrent $8.26B USD Point-in-time
Total current assets AssetsCurrent $7.41B USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $133.76M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $74.24M USD Point-in-time
Goodwill Goodwill $698.44M USD Point-in-time
Goodwill Goodwill $199.02M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $1.26B USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $130.68M USD Point-in-time
Other assets, net OtherAssetsNoncurrent $115.60M USD Point-in-time
Other assets, net OtherAssetsNoncurrent $205.39M USD Point-in-time
Total assets Assets $7.93B USD Point-in-time
Total assets Assets $10.56B USD Point-in-time
Accounts payable AccountsPayableCurrent $3.84B USD Point-in-time
Accounts payable AccountsPayableCurrent $4.92B USD Point-in-time
Accrued expenses and other liabilities AccruedLiabilitiesCurrent $493.20M USD Point-in-time
Accrued expenses and other liabilities AccruedLiabilitiesCurrent $690.83M USD Point-in-time
Revolving credit loans and current maturities of long-term debt, net DebtCurrent $373.12M USD Point-in-time
Revolving credit loans and current maturities of long-term debt, net DebtCurrent $486.16M USD Point-in-time
Total current liabilities LiabilitiesCurrent $6.10B USD Point-in-time
Total current liabilities LiabilitiesCurrent $4.71B USD Point-in-time
Long-term debt, less current maturities LongTermDebtNoncurrent $989.92M USD Point-in-time
Long-term debt, less current maturities LongTermDebtNoncurrent $1.80B USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $174.44M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $61.20M USD Point-in-time
Total liabilities Liabilities $8.08B USD Point-in-time
Total liabilities Liabilities $5.76B USD Point-in-time
Commitments and contingencies (Note 10) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 10) CommitmentsAndContingencies - USD Point-in-time
Common stock, par value $.0015; 200,000,000 shares authorized; 59,245,585 shares issued at April 30, 2017 and January 31, 2017 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, 2017 and January 31, 2017 CommonStockValue $89.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $803.72M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $686.04M USD Point-in-time
Treasury stock, at cost (21,117,840 and 24,018,983 shares at April 30, 2017 and January 31, 2017) TreasuryStockValue $941.63M USD Point-in-time
Treasury stock, at cost (21,117,840 and 24,018,983 shares at April 30, 2017 and January 31, 2017) TreasuryStockValue $1.07B USD Point-in-time
Retained earnings RetainedEarningsUnappropriated $2.63B USD Point-in-time
Retained earnings RetainedEarningsUnappropriated $2.66B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-74.54M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-40.88M USD Point-in-time
Total shareholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.48B USD Point-in-time
Total shareholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.17B USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $7.93B USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $10.56B USD Point-in-time
Income Statement 34 line items
Line Item Tag Value Unit Period
Net sales SalesRevenueNet $7.66B USD 1 Quarter
Net sales SalesRevenueNet $5.96B USD 1 Quarter
Cost of products sold CostOfGoodsSold $7.21B USD 1 Quarter
Cost of products sold CostOfGoodsSold $5.66B USD 1 Quarter
Gross profit GrossProfit $457.09M 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 $352.63M USD 1 Quarter
Acquisition and integration expenses BusinessCombinationAcquisitionRelatedCosts $42.07M USD 1 Quarter
Acquisition and integration expenses BusinessCombinationAcquisitionRelatedCosts - USD 1 Quarter
LCD settlements and other, net GainLossRelatedToLitigationSettlement $443.00K USD 1 Quarter
LCD settlements and other, net GainLossRelatedToLitigationSettlement $12.69M USD 1 Quarter
Operating expenses OperatingExpenses $382.01M USD 1 Quarter
Operating expenses OperatingExpenses $246.05M USD 1 Quarter
Operating income OperatingIncomeLoss $75.08M USD 1 Quarter
Operating income OperatingIncomeLoss $52.56M USD 1 Quarter
Interest expense InterestExpense $5.60M USD 1 Quarter
Interest expense InterestExpense $31.01M USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $1.03M USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $415.00K USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $44.48M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $47.99M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $14.62M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $13.83M USD 1 Quarter
Net income ProfitLoss $30.65M USD 1 Quarter
Net income ProfitLoss $33.37M USD 1 Quarter
Basic EarningsPerShareBasic $0.95 USD 1 Quarter
Basic EarningsPerShareBasic $0.82 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.94 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.82 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 37.25M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 35.13M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 37.47M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 35.37M shares 1 Quarter
Cash Flow Statement 70 line items
Line Item Tag Value Unit Period
Cash received from customers ProceedsFromCustomers $9.50B USD 1 Quarter
Cash received from customers ProceedsFromCustomers $7.09B USD 1 Quarter
Cash paid to vendors and employees PaymentsToSuppliersAndEmployees $6.79B USD 1 Quarter
Cash paid to vendors and employees PaymentsToSuppliersAndEmployees $9.24B USD 1 Quarter
Interest paid, net InterestPaidNet $19.46M USD 1 Quarter
Interest paid, net InterestPaidNet $8.37M USD 1 Quarter
Income taxes paid IncomeTaxesPaid $15.82M USD 1 Quarter
Income taxes paid IncomeTaxesPaid $19.50M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $224.36M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $275.75M USD 1 Quarter
Acquisition of business, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $2.25B USD 1 Quarter
Acquisition of business, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
Expenditures for property and equipment PaymentsToAcquirePropertyPlantAndEquipment $4.37M USD 1 Quarter
Expenditures for property and equipment PaymentsToAcquirePropertyPlantAndEquipment $7.17M USD 1 Quarter
Software and software development costs PaymentsForSoftware $26.07M USD 1 Quarter
Software and software development costs PaymentsForSoftware $4.40M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-11.56M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-2.28B USD 1 Quarter
Borrowings on long-term debt ProceedsFromIssuanceOfLongTermDebt - USD 1 Quarter
Borrowings on long-term debt ProceedsFromIssuanceOfLongTermDebt $1.01B USD 1 Quarter
Principal payments on long-term debt RepaymentsOfLongTermDebtAndCapitalSecurities - USD 1 Quarter
Principal payments on long-term debt RepaymentsOfLongTermDebtAndCapitalSecurities $200.00M USD 1 Quarter
Cash paid for debt issuance costs PaymentsOfDebtIssuanceCosts - USD 1 Quarter
Cash paid for debt issuance costs PaymentsOfDebtIssuanceCosts $5.12M USD 1 Quarter
Net repayments on revolving credit loans ProceedsFromRepaymentsOfLinesOfCredit $-7.59M USD 1 Quarter
Net repayments on revolving credit loans ProceedsFromRepaymentsOfLinesOfCredit $-1.19M USD 1 Quarter
Payments for employee tax withholdings on equity awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $4.09M USD 1 Quarter
Payments for employee tax withholdings on equity awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $5.50M USD 1 Quarter
Proceeds from the reissuance of treasury stock ProceedsFromSaleOfTreasuryStock $389.00K USD 1 Quarter
Proceeds from the reissuance of treasury stock ProceedsFromSaleOfTreasuryStock $146.00K USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $790.33M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-5.13M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $1.67M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $35.51M USD 1 Quarter
Net (decrease) increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-1.26B USD 1 Quarter
Net (decrease) increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $294.56M USD 1 Quarter
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $2.13B USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $825.73M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $861.54M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $531.17M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $2.13B USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $825.73M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $861.54M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $531.17M USD Point-in-time
Net income ProfitLoss $30.65M USD 1 Quarter
Net income ProfitLoss $33.37M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $31.68M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $14.05M USD 1 Quarter
Provision for losses on accounts receivable ProvisionForDoubtfulAccounts $-1.30M USD 1 Quarter
Provision for losses on accounts receivable ProvisionForDoubtfulAccounts $3.91M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $4.92M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $3.66M USD 1 Quarter
Accretion of debt discount and debt issuance costs AmortizationOfFinancingCostsAndDiscounts $587.00K USD 1 Quarter
Accretion of debt discount and debt issuance costs AmortizationOfFinancingCostsAndDiscounts $208.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-519.34M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-374.86M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $232.15M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-93.26M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-50.48M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $58.89M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-381.93M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $71.32M USD 1 Quarter
Accrued expenses and other liabilities IncreaseDecreaseInAccruedLiabilities $-2.53M USD 1 Quarter
Accrued expenses and other liabilities IncreaseDecreaseInAccruedLiabilities $-55.37M USD 1 Quarter
Total adjustments AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $193.70M USD 1 Quarter
Total adjustments AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $242.38M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $224.36M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $275.75M USD 1 Quarter
Issuance of stock to acquire business StockIssued1 $247.23M USD 1 Quarter
Issuance of stock to acquire business StockIssued1 - USD 1 Quarter
Comprehensive Income 6 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $30.65M USD 1 Quarter
Net income ProfitLoss $33.37M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $33.66M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $95.99M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $64.32M 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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