Scansource (SCSC) FY2016 results: revenue $3.5 billion, up 10.0% on the year
Scansource, Inc. (SCSC) reported revenue of $3.5 billion for fiscal 2016, the year ended 30 June 2016, up 10.0% on the year before. Net income was $64 million, down 2.8%, and diluted earnings per share $2.38. The figures are the company's own, from the 10-K it filed with the SEC on 29 August 2016.
Revenue
$3.5 billion
+10.0% on the year
FY2009FY2016
Operating margin
2.7%
3.2% a year earlier
FY2009FY2016
Net income
$64 million
-2.8% on the year
FY2009FY2016
Diluted EPS
$2.38
+4.8% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
3,540
3,219
2,914
+10.0%
Cost of revenue
3,185
2,892
2,613
+10.1%
Gross profit
355
327
301
+8.7%
Gross margin
10.0%
10.2%
10.3%
Selling, general and administrative
240
211
192
+13.8%
Operating income
96.9
101
122
-4.5%
Operating margin
2.7%
3.2%
4.2%
Interest expense
2.1
1.8
0.7
+18.2%
Pre-tax income
96.0
99.9
123
-3.9%
Income tax
32.4
34.5
41.3
-6.1%
Effective tax rate
33.7%
34.5%
33.6%
Net income
63.6
65.4
81.8
-2.8%
Net margin
1.8%
2.0%
2.8%
Diluted EPS
$2.38
$2.27
$2.86
+4.8%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
52.2
75.5
47.7
-30.9%
Capital expenditure
12.1
20.8
11.2
-41.8%
Free cash flow
40.1
54.8
36.5
-26.7%
Free cash flow margin
1.1%
1.7%
1.3%
Cash from investing
-73.6
-80.5
-11.2
Cash from financing
-36.3
-56.9
9.3
Depreciation and amortisation
17.2
12.0
7.4
+43.0%
Share-based compensation
7.1
6.5
5.2
+8.8%
Buybacks
100
18.8
0.0
+433.9%
Diluted shares, weighted
27m
29m
29m
-7.3%
Shares outstanding at period end
26m
28m
29m
-9.2%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
774
809
803
-4.3%
Short-term borrowings
n/a
n/a
0.0
Debt
76.9
8.8
5.4
+770.8%
Other liabilities
640
659
527
-2.9%
Total liabilities and equity
1,491
1,477
1,335
+1.0%
Fixed assets
52.4
46.6
31.8
+12.5%
Goodwill
92.7
66.5
32.3
+39.4%
Intangible assets
51.1
46.3
16.0
+10.5%
Cash and equivalents
61.4
122
195
-49.5%
Receivables
560
523
464
+7.1%
Inventory
559
553
505
+1.0%
Other assets
115
120
91.0
-4.1%
Total assets
1,491
1,477
1,335
+1.0%
10-K for the year ended 30 June 2016, filed 29 August 2016: the filing.