Scansource (SCSC) FY2018 results: revenue $3.2 billion, down 11.3% on the year
Scansource, Inc. (SCSC) reported revenue of $3.2 billion for fiscal 2018, the year ended 30 June 2018, down 11.3% on the year before. Net income was $33 million, down 52.1%, and diluted earnings per share $1.29. The figures are the company's own, from the 10-K it filed with the SEC on 22 August 2019.
Revenue
$3.2 billion
-11.3% on the year
FY2011FY2018
Operating margin
2.2%
2.5% a year earlier
FY2011FY2018
Net income
$33 million
-52.1% on the year
FY2011FY2018
Diluted EPS
$1.29
-52.4% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
3,165
3,568
3,540
-11.3%
Cost of revenue
2,795
3,185
3,185
-12.2%
Gross profit
369
384
355
-3.7%
Gross margin
11.7%
10.8%
10.0%
Selling, general and administrative
232
265
240
-12.4%
Operating income
69.0
88.2
96.9
-21.8%
Operating margin
2.2%
2.5%
2.7%
Interest expense
9.1
3.2
2.1
+183.7%
Pre-tax income
63.0
101
96.0
-37.9%
Income tax
27.6
32.2
32.4
-14.4%
Effective tax rate
43.8%
31.8%
33.7%
Net income
33.2
69.2
63.6
-52.1%
Net margin
1.0%
1.9%
1.8%
Diluted EPS
$1.29
$2.71
$2.38
-52.4%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
24.8
94.9
52.2
-73.9%
Capital expenditure
7.0
8.8
12.1
-20.9%
Free cash flow
17.8
86.0
40.1
-79.3%
Free cash flow margin
0.6%
2.4%
1.1%
Cash from investing
-152
-96.2
-73.6
Cash from financing
101
-3.5
-36.3
Depreciation and amortisation
34.5
25.0
17.2
+38.1%
Share-based compensation
6.4
6.6
7.1
-3.4%
Buybacks
0.0
20.9
100
Diluted shares, weighted
26m
26m
27m
+0.4%
Shares outstanding at period end
26m
25m
26m
+0.6%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
866
837
774
+3.5%
Debt
249
97.3
76.9
+156.4%
Other liabilities
829
784
640
+5.8%
Total liabilities and equity
1,945
1,718
1,491
+13.2%
Fixed assets
73.0
56.6
52.4
+29.1%
Goodwill
289
201
92.7
+43.7%
Intangible assets
137
102
51.1
+34.8%
Cash and equivalents
25.5
56.1
61.4
-54.5%
Receivables
646
637
560
+1.4%
Inventory
596
531
559
+12.2%
Other assets
179
135
115
+33.1%
Total assets
1,945
1,718
1,491
+13.2%
10-K for the year ended 30 June 2018, filed 22 August 2019: the filing.