Table of Contents
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
(Mark One)
☒ | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the quarterly period ended February 28, 2019
OR
☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the transition period from to
Commission File Number: 001-31892
SYNNEX CORPORATION
(Exact name of registrant as specified in its charter)
Delaware |
| 94-2703333 |
(State or other jurisdiction of incorporation or organization) |
| (IRS Employer Identification No.) |
|
|
|
44201 Nobel Drive Fremont, California |
| 94538 |
(Address of principal executive offices) |
| (Zip Code) |
(510) 656-3333
(Registrant's telephone number, including area code)
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer | ☒ |
| Accelerated filer | ☐ |
Non-accelerated filer | ☐ |
| Smaller reporting company | ☐ |
Emerging growth company | ☐ |
|
|
|
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒
Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date.
Class |
| Outstanding as of April 2, 2019 |
Common Stock, $0.001 par value |
| 51,219,234 |
Table of Contents
SYNNEX CORPORATION
FORM 10-Q
INDEX
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| Page |
PART I | FINANCIAL INFORMATION | 3 |
Item 1. | Financial Statements | 3 |
| Consolidated Balance Sheets (unaudited) as of February 28, 2019 and November 30, 2018 | 3 |
| Consolidated Statements of Operations (unaudited) for the Three Months Ended February 28, 2019 and 2018 | 4 |
| Consolidated Statements of Comprehensive Income (unaudited) for the Three Months Ended February 28, 2019 and 2018 | 5 |
| Consolidated Statements of Stockholders' Equity (unaudited) for the Three Months Ended February 28, 2019 and 2018 | 6 |
| Consolidated Statements of Cash Flows (unaudited) for the Three Months Ended February 28, 2019 and 2018 | 7 |
| Notes to the Consolidated Financial Statements (unaudited) | 8 |
Item 2. | Management's Discussion and Analysis of Financial Condition and Results of Operations | 28 |
Item 3. | Quantitative and Qualitative Disclosures about Market Risk | 39 |
Item 4. | Controls and Procedures | 39 |
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PART II | OTHER INFORMATION | 40 |
Item 1A. | Risk Factors | 40 |
Item 6. | Exhibits | 41 |
Signatures |
| 42 |
2