Scansource (SCSC) FY2015 results: revenue $3.2 billion, up 10.5% on the year
Scansource, Inc. (SCSC) reported revenue of $3.2 billion for fiscal 2015, the year ended 30 June 2015, up 10.5% on the year before. Net income was $65 million, down 20.0%, and diluted earnings per share $2.27. The figures are the company's own, from the 10-K it filed with the SEC on 27 August 2015.
Revenue
$3.2 billion
+10.5% on the year
FY2009FY2015
Operating margin
3.2%
4.2% a year earlier
FY2009FY2015
Net income
$65 million
-20.0% on the year
FY2009FY2015
Diluted EPS
$2.27
-20.6% on the year
FY2009FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
3,219
2,914
2,877
+10.5%
Cost of revenue
2,892
2,613
2,584
+10.7%
Gross profit
327
301
293
+8.6%
Gross margin
10.2%
10.3%
10.2%
Selling, general and administrative
211
192
191
+9.6%
Operating income
101
122
51.0
-16.7%
Operating margin
3.2%
4.2%
1.8%
Interest expense
1.8
0.7
0.8
+145.8%
Pre-tax income
99.9
123
53.0
-18.8%
Income tax
34.5
41.3
18.4
-16.5%
Effective tax rate
34.5%
33.6%
34.6%
Net income
65.4
81.8
34.7
-20.0%
Net margin
2.0%
2.8%
1.2%
Diluted EPS
$2.27
$2.86
$1.24
-20.6%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
75.5
47.7
129
+58.3%
Capital expenditure
20.8
11.2
4.8
+84.9%
Free cash flow
54.8
36.5
125
+50.1%
Free cash flow margin
1.7%
1.3%
4.3%
Cash from investing
-80.5
-11.2
-4.8
Cash from financing
-56.9
9.3
-5.0
Depreciation and amortisation
12.0
7.4
8.5
+62.7%
Share-based compensation
6.5
5.2
5.6
+24.3%
Buybacks
18.8
0.0
0.0
Diluted shares, weighted
29m
29m
28m
+0.7%
Shares outstanding at period end
28m
29m
28m
-1.1%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
809
803
696
+0.8%
Short-term borrowings
n/a
0.0
0.0
Debt
8.8
5.4
5.4
+62.6%
Other liabilities
659
527
463
+25.1%
Total liabilities and equity
1,477
1,335
1,164
+10.6%
Fixed assets
46.6
31.8
20.2
+46.4%
Goodwill
66.5
32.3
31.8
+105.6%
Intangible assets
46.3
16.0
19.8
+189.3%
Cash and equivalents
122
195
148
-37.6%
Receivables
523
464
435
+12.5%
Inventory
553
505
402
+9.6%
Other assets
120
91.0
107
+32.3%
Total assets
1,477
1,335
1,164
+10.6%
10-K for the year ended 30 June 2015, filed 27 August 2015: the filing.