Scansource (SCSC) FY2021 results: revenue $3.2 billion, up 3.4% on the year
Scansource, Inc. (SCSC) reported revenue of $3.2 billion for fiscal 2021, the year ended 30 June 2021, up 3.4% on the year before. Net income was $11 million, and diluted earnings per share $0.42. The figures are the company's own, from the 10-K it filed with the SEC on 24 August 2021.
Revenue
$3.2 billion
+3.4% on the year
FY2014FY2021
Operating margin
2.0%
-2.1% a year earlier
FY2014FY2021
Net income
$11 million
FY2014FY2021
Diluted EPS
$0.42
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Revenue
3,151
3,048
3,250
+3.4%
Cost of revenue
2,800
2,692
2,857
+4.0%
Gross profit
351
356
393
-1.4%
Gross margin
11.1%
11.7%
12.1%
Selling, general and administrative
247
260
244
-4.7%
Operating income
61.5
-65.0
94.7
Operating margin
2.0%
-2.1%
2.9%
Interest expense
6.9
12.2
13.2
-43.3%
Pre-tax income
57.5
-71.8
83.6
Income tax
12.1
7.5
18.8
+63.0%
Effective tax rate
21.1%
n/a
22.5%
Net income
10.8
-193
57.6
Net margin
0.3%
-6.3%
1.8%
Diluted EPS
$0.42
-$7.59
$2.24
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
141
226
-27.1
-37.7%
Capital expenditure
2.4
6.4
5.8
-63.0%
Free cash flow
139
220
-32.9
-37.0%
Free cash flow margin
4.4%
7.2%
-1.0%
Cash from investing
n/a
n/a
-39.4
Cash from financing
n/a
n/a
64.2
Depreciation and amortisation
33.5
35.3
33.7
-5.2%
Share-based compensation
8.0
5.5
6.0
+46.8%
Buybacks
0.0
6.1
9.5
Diluted shares, weighted
26m
25m
26m
+0.6%
Shares outstanding at period end
25m
25m
25m
+0.5%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
731
678
914
+7.8%
Debt
143
219
327
-34.5%
Operating lease liabilities
16.6
20.8
n/a
-20.3%
Other liabilities
781
774
826
+0.8%
Total liabilities and equity
1,672
1,692
2,067
-1.2%
Fixed assets
42.8
55.6
60.6
-23.0%
Goodwill
219
214
311
+2.1%
Intangible assets
105
122
121
-13.7%
Cash and equivalents
62.7
29.5
19.3
+112.7%
Receivables
569
443
523
+28.4%
Inventory
470
455
554
+3.3%
Other assets
203
373
478
-45.5%
Total assets
1,672
1,692
2,067
-1.2%
10-K for the year ended 30 June 2021, filed 24 August 2021: the filing.