Balance Sheet Components (Tables)
|
12 Months Ended |
Nov. 30, 2018 |
Organization Consolidation And Presentation Of Financial Statements [Abstract] |
|
Cash, Cash Equivalents and Restricted Cash |
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the Consolidated Balance Sheets that sum to the total of the same amounts shown in the Consolidated Statements of Cash Flows:
|
|
As of November 30, |
|
|
|
2018 |
|
|
2017 |
|
Cash and cash equivalents |
|
$ |
454,694 |
|
|
$ |
550,688 |
|
Restricted cash |
|
|
7,126 |
|
|
|
5,837 |
|
Restricted cash included in other assets |
|
|
213 |
|
|
|
217 |
|
|
|
$ |
462,033 |
|
|
$ |
556,742 |
|
|
Accounts Receivable, Net |
|
|
As of November 30, |
|
|
|
2018 |
|
|
2017 |
|
Accounts receivable, net: |
|
|
|
|
|
|
|
|
Accounts receivable |
|
$ |
3,929,282 |
|
|
$ |
2,918,703 |
|
Less: Allowance for doubtful accounts |
|
|
(14,665 |
) |
|
|
(19,193 |
) |
Less: Allowance for sales returns |
|
|
(59,186 |
) |
|
|
(53,139 |
) |
|
|
$ |
3,855,431 |
|
|
$ |
2,846,371 |
|
Allowance for doubtful accounts receivables: |
|
|
|
|
Balance at November 30, 2015 |
|
$ |
14,417 |
|
Additions |
|
|
1,734 |
|
Write-offs and deductions |
|
|
(2,587 |
) |
Balance at November 30, 2016 |
|
|
13,564 |
|
Additions |
|
|
8,268 |
|
Write-offs and deductions |
|
|
(2,639 |
) |
Balance at November 30, 2017 |
|
|
19,193 |
|
Additions |
|
|
7,246 |
|
Write-offs and deductions |
|
|
(11,774 |
) |
Balance at November 30, 2018 |
|
$ |
14,665 |
|
|
Property and Equipment, Net |
|
|
As of November 30, |
|
|
|
2018 |
|
|
2017 |
|
Property and equipment: |
|
|
|
|
|
|
|
|
Land |
|
$ |
31,102 |
|
|
$ |
25,922 |
|
Equipment, computers and software |
|
|
423,467 |
|
|
|
306,665 |
|
Furniture and fixtures |
|
|
104,474 |
|
|
|
60,892 |
|
Buildings, building improvements and leasehold improvements |
|
|
368,107 |
|
|
|
270,649 |
|
Construction-in-progress |
|
|
29,021 |
|
|
|
12,049 |
|
Total property and equipment, gross |
|
|
956,170 |
|
|
|
676,177 |
|
Less: Accumulated depreciation |
|
|
(384,844 |
) |
|
|
(329,588 |
) |
Property and equipment, net |
|
$ |
571,326 |
|
|
$ |
346,589 |
|
|
Goodwill |
|
Intangible Assets, Net |
Intangible assets, net: |
|
As of November 30, 2018 |
|
|
As of November 30, 2017 |
|
|
|
Gross
Amounts |
|
|
Accumulated
Amortization |
|
|
Net
Amounts |
|
|
Gross
Amounts |
|
Accumulated
Amortization |
|
|
Net Amounts |
|
Customer relationships and lists |
|
$ |
1,552,322 |
|
|
$ |
(333,266 |
) |
|
$ |
1,219,056 |
|
|
$ |
619,431 |
|
$ |
(236,282 |
) |
|
$ |
383,149 |
|
Vendor lists |
|
|
179,019 |
|
|
|
(53,318 |
) |
|
|
125,701 |
|
|
|
180,041 |
|
|
(39,016 |
) |
|
|
141,025 |
|
Technology |
|
|
14,767 |
|
|
|
(7,064 |
) |
|
|
7,704 |
|
|
|
38,041 |
|
|
(6,519 |
) |
|
|
31,522 |
|
Other intangible assets |
|
|
35,559 |
|
|
|
(10,715 |
) |
|
|
24,844 |
|
|
|
33,745 |
|
|
(6,390 |
) |
|
|
27,355 |
|
|
|
$ |
1,781,667 |
|
|
$ |
(404,363 |
) |
|
$ |
1,377,305 |
|
|
$ |
871,258 |
|
$ |
(288,207 |
) |
|
$ |
583,051 |
|
|
Schedule of Estimated Future Amortization Expense of Intangible Assets Including Preliminary Estimate of Amortization of Assets Acquired |
Estimated future amortization expense of the Company’s intangible assets is as follows:
Fiscal years ending November 30, |
|
|
|
|
2019 |
|
$ |
210,942 |
|
2020 |
|
|
188,570 |
|
2021 |
|
|
173,532 |
|
2022 |
|
|
150,213 |
|
2023 |
|
|
131,762 |
|
Thereafter |
|
|
522,286 |
|
Total |
|
$ |
1,377,305 |
|
|
Accumulated Other Comprehensive Income (Loss) ("AOCI") |
The components of accumulated other comprehensive income (loss) ("AOCI"), net of taxes, attributable to SYNNEX Corporation were as follows:
|
|
Unrealized gains
on available-for-
sale
securities,
net of taxes |
|
|
Unrecognized
defined benefit
plan costs, net of
taxes |
|
|
Unrealized gains
on cash flow
hedges, net of
taxes |
|
|
Foreign currency
translation
adjustment, net of
taxes |
|
|
Total |
|
Balance, beginning of year |
|
$ |
2,119 |
|
|
$ |
(2,313 |
) |
|
$ |
386 |
|
|
$ |
(62,111 |
) |
|
$ |
(61,919 |
) |
Other comprehensive income (loss) before
reclassification |
|
|
(500 |
) |
|
|
(2,989 |
) |
|
|
19,638 |
|
|
|
(79,453 |
) |
|
|
(62,346 |
) |
Reclassifications of (gains) losses from Other
comprehensive income (loss) |
|
|
— |
|
|
|
2,039 |
|
|
|
(3,104 |
) |
|
|
— |
|
|
|
(2,023 |
) |
Balance, end of year |
|
$ |
1,619 |
|
|
$ |
(3,263 |
) |
|
$ |
16,920 |
|
|
$ |
(141,564 |
) |
|
$ |
(126,288 |
) |
|