Scansource (SCSC) FY2012 results: revenue $3.0 billion, up 13.1% on the year
Scansource, Inc. (SCSC) reported revenue of $3.0 billion for fiscal 2012, the year ended 30 June 2012, up 13.1% on the year before. Net income was $74 million, up 1.0%, and diluted earnings per share $2.68. The figures are the company's own, from the 10-K it filed with the SEC on 24 August 2012.
Revenue
$3.0 billion
+13.1% on the year
FY2009FY2012
Operating margin
3.8%
4.2% a year earlier
FY2009FY2012
Net income
$74 million
+1.0% on the year
FY2009FY2012
Diluted EPS
$2.68
-0.7% on the year
FY2009FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
3,015
2,667
2,115
+13.1%
Cost of revenue
2,713
2,392
1,896
+13.4%
Gross profit
302
274
219
+10.1%
Gross margin
10.0%
10.3%
10.4%
Selling, general and administrative
188
161
143
+16.9%
Operating income
114
113
75.8
+0.4%
Operating margin
3.8%
4.2%
3.6%
Interest expense
1.6
1.7
1.5
-4.9%
Pre-tax income
111
112
75.7
-0.6%
Income tax
36.9
38.4
26.9
-3.8%
Effective tax rate
33.2%
34.3%
35.6%
Net income
74.3
73.5
48.8
+1.0%
Net margin
2.5%
2.8%
2.3%
Diluted EPS
$2.68
$2.70
$1.82
-0.7%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
60.0
10.7
-78.2
+461.0%
Capital expenditure
12.8
14.9
5.6
-14.0%
Free cash flow
47.2
-4.2
-83.8
Free cash flow margin
1.6%
-0.2%
-4.0%
Cash from investing
-12.8
-51.1
-15.6
Cash from financing
-42.3
33.7
1.3
Depreciation and amortisation
9.6
6.5
6.1
+48.2%
Share-based compensation
6.8
4.9
6.1
+40.3%
Diluted shares, weighted
28m
27m
27m
+1.9%
Shares outstanding at period end
28m
27m
27m
+1.8%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
652
587
487
+11.1%
Debt
9.7
60.1
30.4
-83.9%
Other liabilities
540
535
342
+1.0%
Total liabilities and equity
1,202
1,182
860
+1.7%
Fixed assets
48.8
36.8
23.5
+32.5%
Goodwill
53.9
59.1
33.8
-8.8%
Intangible assets
25.5
32.4
16.5
-21.1%
Trading assets
n/a
12.9
8.1
Cash and equivalents
29.2
28.7
34.6
+1.5%
Receivables
458
462
358
-0.8%
Inventory
488
467
347
+4.4%
Other assets
98.2
82.8
38.9
+18.5%
Total assets
1,202
1,182
860
+1.7%
10-K for the year ended 30 June 2012, filed 24 August 2012: the filing.