SCSC FY 2017 Earnings Report — ScanSource, Inc. Revenue & Financial Results | Market Cap Arena

ScanSource, Inc.SCSC

FY 2017 Earnings

Reported August 29, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$3.6B	—	$3.5B	—	0.8%
Op. Income	$88M	—	$97M	—	-8.9%
Gross Margin	10.8%	—	10.0%	—	0.7pp
Net Margin	1.9%	—	1.8%	—	0.1pp
EPS (Diluted)	$2.71	—	$2.38	—	13.9%
Free Cash Flow	$82M	—	$40M	—	105.4%

Revenue Flow

Item	Amount
REVENUE	$3.6B
Cost of Revenue	$3.2B
GROSS PROFIT	$384M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$265M
Other Expenses	$11M
Operating Expenses	$290M
Cost & Expenses	$3.5B
OPERATING INCOME	$88M
Interest Income	$5M
Interest Expense	$3M
Other Income/Expenses	$13M
INCOME BEFORE TAX	$101M
Income Tax Expense	$32M
Net Income from Continuing Ops	$69M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$69M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$69M
D&A	$25M
EBIT	$93M
EBITDA	$118M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$3.6B
Cost of Revenue	$3.2B
GROSS PROFIT	$384M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$265M
Other Expenses	$11M
Operating Expenses	$290M
Cost & Expenses	$3.5B
OPERATING INCOME	$88M
Interest Income	$5M
Interest Expense	$3M
Other Income/Expenses	$13M
INCOME BEFORE TAX	$101M
Income Tax Expense	$32M
Net Income from Continuing Ops	$69M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$69M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$69M
D&A	$25M
EBIT	$93M
EBITDA	$118M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$69M
Depreciation & Amortization	$25M
Stock-Based Compensation	$7M
Deferred Income Tax	-$2M
Other Non-Cash Items	$14M
Change in Working Capital	-$18M
OPERATING CASH FLOW	$95M
Capital Expenditure	-$12M
Acquisitions (Net)	-$84M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$4M
NET CASH FROM INVESTING	-$96M
Net Debt Issuance	$20M
Common Stock Repurchased	-$21M
Common Dividends Paid	$0
Other Financing Activities	-$1M
NET CASH FROM FINANCING	-$4M
FREE CASH FLOW	$82M
Net Change in Cash	-$5M

Balance Sheet

Item	Amount
Cash & Equivalents	$56M
Short-Term Investments	$0
Net Receivables	$637M
Inventory	$531M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$57M
Goodwill	$201M
Intangible Assets	$102M
Long-Term Investments	$0
Tax Assets	$29M
Other Non-Current Assets	$49M
TOTAL NON-CURRENT ASSETS	$437M
TOTAL ASSETS	$1.7B
Account Payables	$513M
Short-Term Debt	$0
Deferred Revenue	$29M
Other Current Liabilities	$67M
TOTAL CURRENT LIABILITIES	$656M
Long-Term Debt	$97M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2M
Other Non-Current Liabilities	$126M
TOTAL NON-CURRENT LIABILITIES	$225M
TOTAL LIABILITIES	$881M
Common Stock	$61M
Additional Paid-In Capital	$0
Retained Earnings	$849M
Treasury Stock	$0
Accum. Other Comp. Income	-$73M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$837M
Minority Interest	$0
TOTAL EQUITY	$837M
TOTAL LIABILITIES & EQUITY	$1.7B
Total Debt	$97M
Net Debt	$41M