SCSC FY 2019 Earnings Report — ScanSource, Inc. Revenue & Financial Results | Market Cap Arena

ScanSource, Inc.SCSC

FY 2019 Earnings

Reported August 22, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$3.9B	—	$3.8B	—	0.7%
Op. Income	$90M	—	$68M	—	33.0%
Gross Margin	11.7%	—	11.3%	—	0.3pp
Net Margin	1.5%	—	0.9%	—	0.6pp
EPS (Diluted)	$2.24	—	$1.29	—	73.6%
Free Cash Flow	-$34M	—	$20M	—	-274.2%

Revenue Flow

Item	Amount
REVENUE	$3.9B
Cost of Revenue	$3.4B
GROSS PROFIT	$453M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$315M
Other Expenses	$33M
Operating Expenses	$347M
Cost & Expenses	$3.8B
OPERATING INCOME	$90M
Interest Income	$2M
Interest Expense	$13M
Other Income/Expenses	-$11M
INCOME BEFORE TAX	$78M
Income Tax Expense	$20M
Net Income from Continuing Ops	$65M
Net Income from Discontinued Ops	$0
Other Adjustments	-$7M
NET INCOME	$58M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$58M
D&A	$34M
EBIT	$119M
EBITDA	$153M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$3.9B
Cost of Revenue	$3.4B
GROSS PROFIT	$453M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$315M
Other Expenses	$33M
Operating Expenses	$347M
Cost & Expenses	$3.8B
OPERATING INCOME	$90M
Interest Income	$2M
Interest Expense	$13M
Other Income/Expenses	-$11M
INCOME BEFORE TAX	$78M
Income Tax Expense	$20M
Net Income from Continuing Ops	$65M
Net Income from Discontinued Ops	$0
Other Adjustments	-$7M
NET INCOME	$58M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$58M
D&A	$34M
EBIT	$119M
EBITDA	$153M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$58M
Depreciation & Amortization	$37M
Stock-Based Compensation	$6M
Deferred Income Tax	-$3M
Other Non-Cash Items	$8M
Change in Working Capital	-$132M
OPERATING CASH FLOW	-$27M
Capital Expenditure	-$7M
Acquisitions (Net)	-$32M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$1M
NET CASH FROM INVESTING	-$39M
Net Debt Issuance	$77M
Common Stock Repurchased	-$9M
Common Dividends Paid	$0
Other Financing Activities	-$4M
NET CASH FROM FINANCING	$64M
FREE CASH FLOW	-$34M
Net Change in Cash	-$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$24M
Short-Term Investments	$0
Net Receivables	$584M
Inventory	$697M
Other Current Assets	$370M
TOTAL CURRENT ASSETS	$1.5B
PP&E (Net)	$63M
Goodwill	$320M
Intangible Assets	$128M
Long-Term Investments	$0
Tax Assets	$25M
Other Non-Current Assets	$54M
TOTAL NON-CURRENT ASSETS	$590M
TOTAL ASSETS	$2.1B
Account Payables	$488M
Short-Term Debt	$9M
Deferred Revenue	$17M
Other Current Liabilities	$121M
TOTAL CURRENT LIABILITIES	$701M
Long-Term Debt	$323M
Deferred Revenue NC	$6M
Deferred Tax Liabilities	$1M
Other Non-Current Liabilities	$122M
TOTAL NON-CURRENT LIABILITIES	$452M
TOTAL LIABILITIES	$1.2B
Common Stock	$64M
Additional Paid-In Capital	$0
Retained Earnings	$940M
Treasury Stock	$0
Accum. Other Comp. Income	-$90M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$914M
Minority Interest	$0
TOTAL EQUITY	$914M
TOTAL LIABILITIES & EQUITY	$2.1B
Total Debt	$361M
Net Debt	$337M