SCSC FY 2016 Earnings Report — ScanSource, Inc. Revenue & Financial Results | Market Cap Arena

ScanSource, Inc.SCSC

FY 2016 Earnings

Reported August 29, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$3.5B	—	$3.2B	—	10.0%
Op. Income	$97M	—	$101M	—	-4.5%
Gross Margin	10.0%	—	10.2%	—	-0.1pp
Net Margin	1.8%	—	2.0%	—	-0.2pp
EPS (Diluted)	$2.38	—	$2.27	—	4.8%
Free Cash Flow	$40M	—	$55M	—	-26.7%

Revenue Flow

Item	Amount
REVENUE	$3.5B
Cost of Revenue	$3.2B
GROSS PROFIT	$355M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$257M
Other Expenses	-$2M
Operating Expenses	$257M
Cost & Expenses	$3.4B
OPERATING INCOME	$97M
Interest Income	$3M
Interest Expense	$2M
Other Income/Expenses	-$867.0K
INCOME BEFORE TAX	$96M
Income Tax Expense	$32M
Net Income from Continuing Ops	$64M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$64M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$64M
D&A	$17M
EBIT	$98M
EBITDA	$116M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$3.5B
Cost of Revenue	$3.2B
GROSS PROFIT	$355M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$257M
Other Expenses	-$2M
Operating Expenses	$257M
Cost & Expenses	$3.4B
OPERATING INCOME	$97M
Interest Income	$3M
Interest Expense	$2M
Other Income/Expenses	-$867.0K
INCOME BEFORE TAX	$96M
Income Tax Expense	$32M
Net Income from Continuing Ops	$64M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$64M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$64M
D&A	$17M
EBIT	$98M
EBITDA	$116M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$64M
Depreciation & Amortization	$17M
Stock-Based Compensation	$7M
Deferred Income Tax	$2M
Other Non-Cash Items	$9M
Change in Working Capital	-$47M
OPERATING CASH FLOW	$52M
Capital Expenditure	-$12M
Acquisitions (Net)	-$61M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$74M
Net Debt Issuance	$68M
Common Stock Repurchased	-$100M
Common Dividends Paid	$0
Other Financing Activities	-$3M
NET CASH FROM FINANCING	-$36M
FREE CASH FLOW	$40M
Net Change in Cash	-$60M

Balance Sheet

Item	Amount
Cash & Equivalents	$61M
Short-Term Investments	$0
Net Receivables	$560M
Inventory	$559M
Other Current Assets	$49M
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$52M
Goodwill	$93M
Intangible Assets	$51M
Long-Term Investments	$0
Tax Assets	$29M
Other Non-Current Assets	$37M
TOTAL NON-CURRENT ASSETS	$262M
TOTAL ASSETS	$1.5B
Account Payables	$471M
Short-Term Debt	$0
Deferred Revenue	$30M
Other Current Liabilities	$61M
TOTAL CURRENT LIABILITIES	$585M
Long-Term Debt	$77M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$3M
Other Non-Current Liabilities	$52M
TOTAL NON-CURRENT LIABILITIES	$132M
TOTAL LIABILITIES	$717M
Common Stock	$67M
Additional Paid-In Capital	$0
Retained Earnings	$780M
Treasury Stock	$0
Accum. Other Comp. Income	-$73M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$774M
Minority Interest	$0
TOTAL EQUITY	$774M
TOTAL LIABILITIES & EQUITY	$1.5B
Total Debt	$77M
Net Debt	$15M