Scansource (SCSC) FY2019 results: revenue $3.2 billion, up 2.7% on the year
Scansource, Inc. (SCSC) reported revenue of $3.2 billion for fiscal 2019, the year ended 30 June 2019, up 2.7% on the year before. Net income was $58 million, up 73.7%, and diluted earnings per share $2.24. The figures are the company's own, from the 10-K it filed with the SEC on 22 August 2019.
Revenue
$3.2 billion
+2.7% on the year
FY2012FY2019
Operating margin
2.9%
2.2% a year earlier
FY2012FY2019
Net income
$58 million
+73.7% on the year
FY2012FY2019
Diluted EPS
$2.24
+73.6% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
3,250
3,165
3,568
+2.7%
Cost of revenue
2,857
2,795
3,185
+2.2%
Gross profit
393
369
384
+6.4%
Gross margin
12.1%
11.7%
10.8%
Selling, general and administrative
244
232
265
+5.2%
Operating income
94.7
69.0
88.2
+37.3%
Operating margin
2.9%
2.2%
2.5%
Interest expense
13.2
9.1
3.2
+44.3%
Pre-tax income
83.6
63.0
101
+32.7%
Income tax
18.8
27.6
32.2
-31.9%
Effective tax rate
22.5%
43.8%
31.8%
Net income
57.6
33.2
69.2
+73.7%
Net margin
1.8%
1.0%
1.9%
Diluted EPS
$2.24
$1.29
$2.71
+73.6%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
-27.1
24.8
94.9
Capital expenditure
5.8
7.0
8.8
-17.2%
Free cash flow
-32.9
17.8
86.0
Free cash flow margin
-1.0%
0.6%
2.4%
Cash from investing
-39.4
-152
-96.2
Cash from financing
64.2
101
-3.5
-36.1%
Depreciation and amortisation
33.7
34.5
25.0
-2.4%
Share-based compensation
6.0
6.4
6.6
-5.2%
Buybacks
9.5
0.0
20.9
Diluted shares, weighted
26m
26m
26m
+0.4%
Shares outstanding at period end
25m
26m
25m
-0.7%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
914
866
837
+5.5%
Debt
327
249
97.3
+31.3%
Other liabilities
826
829
784
-0.5%
Total liabilities and equity
2,067
1,945
1,718
+6.3%
Fixed assets
60.6
73.0
56.6
-17.1%
Goodwill
311
289
201
+7.6%
Intangible assets
121
137
102
-11.4%
Cash and equivalents
19.3
25.5
56.1
-24.4%
Receivables
523
646
637
-19.0%
Inventory
554
596
531
-7.0%
Other assets
478
179
135
+166.8%
Total assets
2,067
1,945
1,718
+6.3%
10-K for the year ended 30 June 2019, filed 22 August 2019: the filing.