SCSC FY 2008 Earnings Report — ScanSource, Inc. Revenue & Financial Results | Market Cap Arena

ScanSource, Inc.SCSC

FY 2008 Earnings

Reported August 28, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$2.2B	—	$2.0B	—	9.5%
Op. Income	$94M	—	$75M	—	24.7%
Gross Margin	10.5%	—	10.6%	—	-0.1pp
Net Margin	2.6%	—	2.1%	—	0.4pp
EPS (Diluted)	$2.10	—	$1.63	—	28.8%
Free Cash Flow	$56M	—	-$30M	—	283.4%

Revenue Flow

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$1.9B
GROSS PROFIT	$228M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$134M
Other Expenses	$0
Operating Expenses	$134M
Cost & Expenses	$2.1B
OPERATING INCOME	$94M
Interest Income	$2M
Interest Expense	$5M
Other Income/Expenses	-$4M
INCOME BEFORE TAX	$90M
Income Tax Expense	$35M
Net Income from Continuing Ops	$56M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$56M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$56M
D&A	$7M
EBIT	$96M
EBITDA	$103M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$1.9B
GROSS PROFIT	$228M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$134M
Other Expenses	$0
Operating Expenses	$134M
Cost & Expenses	$2.1B
OPERATING INCOME	$94M
Interest Income	$2M
Interest Expense	$5M
Other Income/Expenses	-$4M
INCOME BEFORE TAX	$90M
Income Tax Expense	$35M
Net Income from Continuing Ops	$56M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$56M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$56M
D&A	$7M
EBIT	$96M
EBITDA	$103M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$56M
Depreciation & Amortization	$7M
Stock-Based Compensation	$5M
Deferred Income Tax	-$94.0K
Other Non-Cash Items	$6M
Change in Working Capital	-$11M
OPERATING CASH FLOW	$63M
Capital Expenditure	-$7M
Acquisitions (Net)	-$11M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$6M
NET CASH FROM INVESTING	-$11M
Net Debt Issuance	-$47M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$364.0K
NET CASH FROM FINANCING	-$39M
FREE CASH FLOW	$56M
Net Change in Cash	$13M

Balance Sheet

Item	Amount
Cash & Equivalents	$15M
Short-Term Investments	$0
Net Receivables	$368M
Inventory	$280M
Other Current Assets	$11M
TOTAL CURRENT ASSETS	$680M
PP&E (Net)	$22M
Goodwill	$36M
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$33M
TOTAL NON-CURRENT ASSETS	$92M
TOTAL ASSETS	$772M
Account Payables	$265M
Short-Term Debt	$8M
Deferred Revenue	$34M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$312M
Long-Term Debt	$57M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$8M
TOTAL NON-CURRENT LIABILITIES	$65M
TOTAL LIABILITIES	$376M
Common Stock	$0
Additional Paid-In Capital	$96M
Retained Earnings	$290M
Treasury Stock	$0
Accum. Other Comp. Income	$10M
Other Equity	$66.0K
TOTAL STOCKHOLDERS' EQUITY	$396M
Minority Interest	$0
TOTAL EQUITY	$396M
TOTAL LIABILITIES & EQUITY	$772M
Total Debt	$64M
Net Debt	$49M