SCSC FY 2018 Earnings Report — ScanSource, Inc. Revenue & Financial Results | Market Cap Arena

ScanSource, Inc.SCSC

FY 2018 Earnings

Reported August 28, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$3.8B	—	$3.6B	—	7.8%
Op. Income	$68M	—	$88M	—	-23.3%
Gross Margin	11.3%	—	10.8%	—	0.6pp
Net Margin	0.9%	—	1.9%	—	-1.1pp
EPS (Diluted)	$1.29	—	$2.71	—	-52.4%
Free Cash Flow	$20M	—	$82M	—	-76.1%

Revenue Flow

Item	Amount
REVENUE	$3.8B
Cost of Revenue	$3.4B
GROSS PROFIT	$436M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$297M
Other Expenses	-$1M
Operating Expenses	$331M
Cost & Expenses	$3.7B
OPERATING INCOME	$68M
Interest Income	$4M
Interest Expense	$9M
Other Income/Expenses	-$8M
INCOME BEFORE TAX	$61M
Income Tax Expense	$28M
Net Income from Continuing Ops	$35M
Net Income from Discontinued Ops	$0
Other Adjustments	-$2M
NET INCOME	$33M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$33M
D&A	$37M
EBIT	$70M
EBITDA	$108M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.8B
Cost of Revenue	$3.4B
GROSS PROFIT	$436M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$297M
Other Expenses	-$1M
Operating Expenses	$331M
Cost & Expenses	$3.7B
OPERATING INCOME	$68M
Interest Income	$4M
Interest Expense	$9M
Other Income/Expenses	-$8M
INCOME BEFORE TAX	$61M
Income Tax Expense	$28M
Net Income from Continuing Ops	$35M
Net Income from Discontinued Ops	$0
Other Adjustments	-$2M
NET INCOME	$33M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$33M
D&A	$37M
EBIT	$70M
EBITDA	$108M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$33M
Depreciation & Amortization	$37M
Stock-Based Compensation	$6M
Deferred Income Tax	-$22M
Other Non-Cash Items	$44M
Change in Working Capital	-$71M
OPERATING CASH FLOW	$28M
Capital Expenditure	-$8M
Acquisitions (Net)	-$144M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$1M
NET CASH FROM INVESTING	-$152M
Net Debt Issuance	$152M
Common Stock Repurchased	-$2M
Common Dividends Paid	$0
Other Financing Activities	-$56M
NET CASH FROM FINANCING	$98M
FREE CASH FLOW	$20M
Net Change in Cash	-$31M

Balance Sheet

Item	Amount
Cash & Equivalents	$26M
Short-Term Investments	$0
Net Receivables	$679M
Inventory	$596M
Other Current Assets	$62M
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$73M
Goodwill	$298M
Intangible Assets	$137M
Long-Term Investments	$0
Tax Assets	$22M
Other Non-Current Assets	$53M
TOTAL NON-CURRENT ASSETS	$583M
TOTAL ASSETS	$1.9B
Account Payables	$563M
Short-Term Debt	$551.0K
Deferred Revenue	$21M
Other Current Liabilities	$78M
TOTAL CURRENT LIABILITIES	$710M
Long-Term Debt	$249M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2M
Other Non-Current Liabilities	$118M
TOTAL NON-CURRENT LIABILITIES	$369M
TOTAL LIABILITIES	$1.1B
Common Stock	$68M
Additional Paid-In Capital	$0
Retained Earnings	$882M
Treasury Stock	$0
Accum. Other Comp. Income	-$84M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$866M
Minority Interest	$0
TOTAL EQUITY	$866M
TOTAL LIABILITIES & EQUITY	$1.9B
Total Debt	$249M
Net Debt	$224M