Scansource (SCSC) FY2017 results: revenue $3.6 billion, up 0.8% on the year
Scansource, Inc. (SCSC) reported revenue of $3.6 billion for fiscal 2017, the year ended 30 June 2017, up 0.8% on the year before. Net income was $69 million, up 8.8%, and diluted earnings per share $2.71. The figures are the company's own, from the 10-K it filed with the SEC on 22 August 2019.
Revenue
$3.6 billion
+0.8% on the year
FY2010FY2017
Operating margin
2.5%
2.7% a year earlier
FY2010FY2017
Net income
$69 million
+8.8% on the year
FY2010FY2017
Diluted EPS
$2.71
+13.9% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
3,568
3,540
3,219
+0.8%
Cost of revenue
3,185
3,185
2,892
-0.0%
Gross profit
384
355
327
+7.9%
Gross margin
10.8%
10.0%
10.2%
Selling, general and administrative
265
240
211
+10.4%
Operating income
88.2
96.9
101
-8.9%
Operating margin
2.5%
2.7%
3.2%
Interest expense
3.2
2.1
1.8
+51.4%
Pre-tax income
101
96.0
99.9
+5.7%
Income tax
32.2
32.4
34.5
-0.4%
Effective tax rate
31.8%
33.7%
34.5%
Net income
69.2
63.6
65.4
+8.8%
Net margin
1.9%
1.8%
2.0%
Diluted EPS
$2.71
$2.38
$2.27
+13.9%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
94.9
52.2
75.5
+81.7%
Capital expenditure
8.8
12.1
20.8
-26.8%
Free cash flow
86.0
40.1
54.8
+114.4%
Free cash flow margin
2.4%
1.1%
1.7%
Cash from investing
-96.2
-73.6
-80.5
Cash from financing
-3.5
-36.3
-56.9
Depreciation and amortisation
25.0
17.2
12.0
+45.6%
Share-based compensation
6.6
7.1
6.5
-6.9%
Buybacks
20.9
100
18.8
-79.2%
Diluted shares, weighted
26m
27m
29m
-4.4%
Shares outstanding at period end
25m
26m
28m
-0.7%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
837
774
809
+8.1%
Debt
97.3
76.9
8.8
+26.6%
Other liabilities
784
640
659
+22.5%
Total liabilities and equity
1,718
1,491
1,477
+15.2%
Fixed assets
56.6
52.4
46.6
+8.0%
Goodwill
201
92.7
66.5
+116.7%
Intangible assets
102
51.1
46.3
+98.6%
Cash and equivalents
56.1
61.4
122
-8.6%
Receivables
637
560
523
+13.9%
Inventory
531
559
553
-4.9%
Other assets
135
115
120
+16.7%
Total assets
1,718
1,491
1,477
+15.2%
10-K for the year ended 30 June 2017, filed 22 August 2019: the filing.