SCANSOURCE, INC.

Listed Company

SCSCCIK 0000918965NasdaqLarge AcceleratedWholesale-Computers & Peripheral Equipment & SoftwareFY ends Jun 30

Period

FY 2025

Revenue

$3.04B

Net Income

$71.55M

Total Assets

$1.79B

Equity

$906.41M

Shares Out

21.48M

Op. Cash Flow

$112.35M

Business

ScanSource, Inc. is a technology distributor that connects devices to the cloud and accelerates growth for channel sales partners across hardware, SaaS, connectivity and cloud services. It offers hardware, SaaS and subscription services including mobility and barcode, POS and payment terminals, physical security, networking, communications, connectivity and related configuration, integration and financial solutions. The company operates two segments—Specialty Technology Solutions (wholesale/resale of hardware, SaaS and subscription services) and Intelisys & Advisory (agency-based distribution and advisory for connectivity, cloud, CX and security). It serves VARs, ISOs, ISVs, MSPs and advisors primarily in the United States, Canada and Brazil through direct sales, digital platforms and wholesale channels.

Summary from filing dated 2025-08-21

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Net sales	3,041	3,260	3,788	3,530	3,151
Cost of goods sold	2,632	2,861	3,338	3,103	2,800
Gross profit	409	399	449	427	351
Selling, general and administrative expenses	287	277	286	275	247
Depreciation expense	10	11	11	11	13
Intangible amortization expense	19	16	17	18	19
Restructuring and other charges	5	4	0	0	9
Change in fair value of contingent consideration	2	0	0	0	516,000
Operating income	85	90	136	122	61
Interest expense	8	13	20	7	—
Interest income	−11	−9	−7	−4	−3
Gain on sale of business	0	−14	0	0	—
Other (income) expense, net	−6	988,000	2	1	116,000
Income before income taxes	94	100	122	119	58
Provision for income taxes	23	23	34	30	12
Net income from continuing operations	72	77	88	89	45
Net income from discontinued operations	0	0	2	100,000	−35
Net income	72	77	90	89	11
Net income from continuing operations per common share, basic (in dollars per share)	3.05	3.1	3.5	3.48	1.79
Net income from discontinued operations per common share, basic (in dollars per share)	0	0	0.07	0	−1.36
Net income per common share, basic (in dollars per share)	3.05	3.1	3.57	3.48	0.42
Weighted-average shares outstanding, basic (in shares)	23	25	25	26	25
Net income from continuing operations per common share, diluted (in dollars per share)	3	3.06	3.47	3.44	1.78
Net income from discontinued operations per common share, diluted (in dollars per share)	0	0	0.07	0	−1.36
Net income per common share, diluted (in dollars per share)	3	3.06	3.54	3.45	0.42
Weighted-average shares outstanding, diluted (in shares)	24	25	25	26	26

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Cash and cash equivalents	126	185	36	38	63
Accounts receivable, less allowance of $27,821 at June 30, 2025 and $20,684 at June 30, 2024	636	582	753	729	569
Inventories	484	513	758	615	470
Prepaid expenses and other current assets	125	125	110	142	118
Total current assets	1,370	1,405	1,657	1,524	1,220
Property and equipment, net	31	34	37	37	43
Goodwill	231	206	217	214	219
Identifiable intangible assets, net	63	38	68	84	105
Deferred income taxes	19	20	18	16	22
Other non-current assets	71	77	71	62	64
Total assets	1,786	1,779	2,068	1,937	1,672
Accounts payable	599	588	691	714	635
Accrued expenses and other current liabilities	71	66	79	88	88
Current portion of contingent consideration	1	0	—	—	0
Income taxes payable	4	8	10	34,000	3
Current portion of long-term debt	8	8	7	12	8
Total current liabilities	683	669	787	814	733
Long-term debt, net of current portion	128	136	144	124	135
Borrowings under revolving credit facility	0	50,000	—	—	—
Long-term portion of contingent consideration	18	0	—	—	—
Other long-term liabilities	50	49	49	54	68
Total liabilities	879	855	1,163	1,131	940
Commitments and contingencies	—	—	—	—	—
Preferred stock, no par value; 3,000,000 shares authorized, none issued	0	0	0	0	0
Common stock, no par value; 45,000,000 shares authorized, 22,217,421 and 24,243,848 shares issued and outstanding at June 30, 2025 and June 30, 2024, respectively	0	26	58	64	71
Retained earnings	1,021	1,014	937	847	758
Accumulated other comprehensive loss	−114	−116	−90	−105	−98
Total shareholders equity	906	924	905	807	731
Total liabilities and shareholders equity	1,786	1,779	2,068	1,937	1,672

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Depreciation and amortization	30	28	29	30	34
Amortization of debt issue costs	386,000	386,000	577,000	417,000	417,000
Provision for doubtful accounts	8	8	3	2	338,000
Share-based compensation	11	10	11	12	8
Deferred income taxes	1	−2	−1	6	3
Finance lease interest	86,000	101,000	44,000	34,000	119,000
Accounts receivable	−55	138	−17	−166	−119
Inventories	29	239	−138	−146	−12
Prepaid expenses and other assets	7	−18	33	−27	−19
Other non-current assets	4	−11	−8	1	10
Accounts payable	4	−78	−31	83	175
Accrued expenses and other liabilities	3	−4	−14	−5	−493,000
Income taxes payable	−4	−2	10	−2	−4
Net cash provided by (used in) operating activities of continuing operations	112	372	−36	−124	117
Capital expenditures	−8	−9	−10	−7	−2
Cash paid for business acquisitions, net of cash acquired	−57	0	0	0	0
Cash received for business disposal	3	18	2	3	34
Net cash (used in) provided by investing activities of continuing operations	−62	9	−8	−4	32
Borrowings on revolving credit, net of expenses	52	1,260	2,499	2,166	1,882
Repayments on revolving credit, net of expenses	−52	−1,439	−2,456	−2,031	−1,949
Debt issuance costs	0	0	−1	0	0
(Repayments) borrowings on long-term debt	−8	−7	16	−8	−8
Repayments of finance lease obligations	−1	−964,000	−589,000	−1	−1
Exercise of stock options	10	5	910,000	2	451,000
Taxes paid on settlement of equity awards	−5	−3	−2	−3	−1
Repurchase of common stock	−107	−43	−16	−18	0
Net cash (used in) provided by financing activities of continuing operations	−111	−228	40	108	−119
Net cash flows provided by operating activities of discontinued operations	0	0	0	0	24
Net cash flows used in financing activities of discontinued operations	0	0	0	0	−29
Net cash flows used in investing activities of discontinued operations	0	0	0	0	−58,000
Effect of exchange rate changes on cash and cash equivalents	2	−4	3	−5	4
(Decrease) increase in cash and cash equivalents	−59	149	−2	−25	28
Interest paid during the year	8	13	19	6	6
Income taxes paid during the year	28	27	29	29	12

Filings

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