SCSC FY 2022 Earnings Report — ScanSource, Inc. Revenue & Financial Results | Market Cap Arena

ScanSource, Inc.SCSC

FY 2022 Earnings

Reported August 23, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$3.5B	—	—	—	—
Op. Income	$122M	—	—	—	—
Gross Margin	12.1%	—	—	—	—
Net Margin	2.5%	—	—	—	—
EPS (Diluted)	$3.44	—	—	—	—
Free Cash Flow	-$131M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$3.5B
Cost of Revenue	$3.1B
GROSS PROFIT	$427M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$275M
Other Expenses	$29M
Operating Expenses	$304M
Cost & Expenses	$3.4B
OPERATING INCOME	$122M
Interest Income	$4M
Interest Expense	$7M
Other Income/Expenses	-$4M
INCOME BEFORE TAX	$119M
Income Tax Expense	$30M
Net Income from Continuing Ops	$89M
Net Income from Discontinued Ops	$100.0K
Other Adjustments	$0
NET INCOME	$89M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$89M
D&A	$30M
EBIT	$125M
EBITDA	$155M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$3.5B
Cost of Revenue	$3.1B
GROSS PROFIT	$427M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$275M
Other Expenses	$29M
Operating Expenses	$304M
Cost & Expenses	$3.4B
OPERATING INCOME	$122M
Interest Income	$4M
Interest Expense	$7M
Other Income/Expenses	-$4M
INCOME BEFORE TAX	$119M
Income Tax Expense	$30M
Net Income from Continuing Ops	$89M
Net Income from Discontinued Ops	$100.0K
Other Adjustments	$0
NET INCOME	$89M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$89M
D&A	$30M
EBIT	$125M
EBITDA	$155M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$89M
Depreciation & Amortization	$30M
Stock-Based Compensation	$12M
Deferred Income Tax	$6M
Other Non-Cash Items	$2M
Change in Working Capital	-$262M
OPERATING CASH FLOW	-$124M
Capital Expenditure	-$7M
Acquisitions (Net)	$3M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$4M
Net Debt Issuance	$127M
Common Stock Repurchased	-$18M
Common Dividends Paid	$0
Other Financing Activities	$2M
NET CASH FROM FINANCING	$108M
FREE CASH FLOW	-$131M
Net Change in Cash	-$25M

Balance Sheet

Item	Amount
Cash & Equivalents	$38M
Short-Term Investments	$0
Net Receivables	$805M
Inventory	$615M
Other Current Assets	$15M
TOTAL CURRENT ASSETS	$1.5B
PP&E (Net)	$54M
Goodwill	$214M
Intangible Assets	$84M
Long-Term Investments	$0
Tax Assets	$16M
Other Non-Current Assets	$45M
TOTAL NON-CURRENT ASSETS	$414M
TOTAL ASSETS	$1.9B
Account Payables	$714M
Short-Term Debt	$12M
Deferred Revenue	$10M
Other Current Liabilities	$25M
TOTAL CURRENT LIABILITIES	$814M
Long-Term Debt	$260M
Deferred Revenue NC	$5M
Deferred Tax Liabilities	$3M
Other Non-Current Liabilities	$36M
TOTAL NON-CURRENT LIABILITIES	$317M
TOTAL LIABILITIES	$1.1B
Common Stock	$64M
Additional Paid-In Capital	$0
Retained Earnings	$847M
Treasury Stock	$0
Accum. Other Comp. Income	-$105M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$807M
Minority Interest	$0
TOTAL EQUITY	$807M
TOTAL LIABILITIES & EQUITY	$1.9B
Total Debt	$289M
Net Debt	$251M