Scansource (SCSC) FY2020 results: revenue $3.0 billion, down 6.2% on the year
Scansource, Inc. (SCSC) reported revenue of $3.0 billion for fiscal 2020, the year ended 30 June 2020, down 6.2% on the year before. Net income was -$193 million, and diluted earnings per share $-7.59. The figures are the company's own, from the 10-K it filed with the SEC on 31 August 2020.
Revenue
$3.0 billion
-6.2% on the year
FY2013FY2020
Operating margin
-2.1%
2.9% a year earlier
FY2013FY2020
Net income
-$193 million
FY2013FY2020
Diluted EPS
-$7.59
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
3,048
3,250
3,165
-6.2%
Cost of revenue
2,692
2,857
2,795
-5.8%
Gross profit
356
393
369
-9.5%
Gross margin
11.7%
12.1%
11.7%
Selling, general and administrative
260
244
232
+6.2%
Operating income
-65.0
94.7
69.0
Operating margin
-2.1%
2.9%
2.2%
Interest expense
12.2
13.2
9.1
-7.1%
Pre-tax income
-71.8
83.6
63.0
Income tax
7.5
18.8
27.6
-60.3%
Effective tax rate
n/a
22.5%
43.8%
Net income
-193
57.6
33.2
Net margin
-6.3%
1.8%
1.0%
Diluted EPS
-$7.59
$2.24
$1.29
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
226
-27.1
24.8
Capital expenditure
6.4
5.8
7.0
+10.2%
Free cash flow
220
-32.9
17.8
Free cash flow margin
7.2%
-1.0%
0.6%
Cash from investing
n/a
-39.4
-152
Cash from financing
n/a
64.2
101
Depreciation and amortisation
35.3
33.7
34.5
+5.0%
Share-based compensation
5.5
6.0
6.4
-9.4%
Buybacks
6.1
9.5
0.0
-35.9%
Diluted shares, weighted
25m
26m
26m
-1.4%
Shares outstanding at period end
25m
25m
26m
-0.2%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
678
914
866
-25.8%
Debt
219
327
249
-33.2%
Operating lease liabilities
20.8
n/a
n/a
Other liabilities
774
826
829
-6.2%
Total liabilities and equity
1,692
2,067
1,945
-18.1%
Fixed assets
55.6
60.6
73.0
-8.1%
Goodwill
214
311
289
-31.0%
Intangible assets
122
121
137
+0.3%
Cash and equivalents
29.5
19.3
25.5
+52.7%
Receivables
443
523
646
-15.3%
Inventory
455
554
596
-17.9%
Other assets
373
478
179
-21.9%
Total assets
1,692
2,067
1,945
-18.1%
10-K for the year ended 30 June 2020, filed 31 August 2020: the filing.