$SCSC

SCANSOURCE, INC.

CIK:0000918965|SEC Filings

Consolidated Income Statements - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2024
Income Statement [Abstract]
Net sales	$ 3,226,062	$ 3,040,810	$ 3,259,809
Cost of goods sold	2,788,707	2,632,164	2,860,757
Gross profit	437,355	408,646	399,052
Selling, general and administrative expenses	313,176	286,934	277,428
Depreciation expense	5,992	10,004	11,219
Intangible amortization expense	16,721	19,227	15,723
Restructuring and other charges	1,766	5,381	4,358
Change in fair value of contingent consideration	1,073	1,900	0
Operating income	98,627	85,200	90,324
Interest expense	6,593	8,013	13,031
Interest income	(12,264)	(11,247)	(9,381)
Gain on sale of business	0	0	(14,155)
Other (income) expense, net	555	(5,962)	988
Income before income taxes	103,743	94,396	99,841
Provision for income taxes	24,870	22,848	22,781
Net income	$ 78,873	$ 71,548	$ 77,060
Per share data:
Net income per common share, basic (in dollars per share)	$ 3.69	$ 3.05	$ 3.10
Weighted-average shares outstanding, basic (in shares)	21,384	23,442	24,868
Net income per common share, diluted (in dollars per share)	$ 3.64	$ 3.00	$ 3.06
Weighted-average shares outstanding, diluted (in shares)	21,692	23,839	25,222

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2024
Cash flows from operating activities:
Net income	$ 78,873	$ 71,548	$ 77,060
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Gain on sale of business	0	0	(14,155)
Depreciation and amortization	23,633	30,195	28,009
Amortization of debt issue costs	615	386	386
Provision for doubtful accounts	5,956	8,351	8,317
Share-based compensation	14,063	11,062	9,537
Deferred income taxes	4,565	1,128	(2,472)
Change in fair value of contingent consideration	1,073	1,900	0
Finance lease interest	49	86	101
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable	(133,226)	(55,011)	138,264
Inventories	(36,659)	28,874	239,157
Prepaid expenses and other assets	(1,884)	7,303	(17,804)
Other non-current assets	2,864	3,974	(10,689)
Accounts payable	150,881	3,673	(78,167)
Accrued expenses and other liabilities	15,749	2,846	(3,872)
Income taxes payable	(3,421)	(3,966)	(2,025)
Net cash provided by operating activities	123,131	112,349	371,647
Cash flows from investing activities:
Capital expenditures	(9,286)	(8,286)	(8,555)
Cash paid for business acquisitions, net of cash acquired	(18,220)	(56,673)	0
Cash received for business disposal	0	2,569	17,600
Net cash (used in) provided by investing activities	(27,506)	(62,390)	9,045
Cash flows from financing activities:
Borrowings on revolving credit, net of expenses	293,264	51,954	1,259,728
Repayments on revolving credit, net of expenses	(293,266)	(52,004)	(1,438,658)
Debt issuance costs	(1,394)	0	0
Borrowings on long-term debt	100,000	0	0
Repayments on long-term debt	(134,736)	(7,857)	(6,915)
Repayments of finance lease obligations	(998)	(1,090)	(964)
Contingent consideration payments	(1,375)	0	0
Exercise of stock options	4,959	9,511	4,813
Taxes paid on settlement of equity awards	(3,032)	(4,895)	(2,876)
Repurchase of common stock	(97,900)	(106,524)	(42,895)
Net cash (used in) financing activities	(134,478)	(110,905)	(227,767)
Effect of exchange rate changes on cash and cash equivalents	1,070	1,643	(3,643)
(Decrease) increase in cash and cash equivalents	(37,783)	(59,303)	149,282
Cash and cash equivalents at beginning of period	126,157	185,460	36,178
Cash and cash equivalents at end of period	88,374	126,157	185,460
Supplemental disclosure of consolidated cash flow information:
Interest paid during the year	6,097	7,570	12,953
Income taxes paid during the year	$ 28,904	$ 27,829	$ 27,129

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2026	Jun. 30, 2025
Current assets:
Cash and cash equivalents	$ 88,374	$ 126,157
Accounts receivable, less allowance of $26,568 at June 30, 2026 and $27,821 at June 30, 2025	769,750	635,521
Inventories	522,350	483,815
Prepaid income tax expense	10,704	2,821
Prepaid expenses and other current assets	116,816	122,138
Total current assets	1,507,994	1,370,452
Property and equipment, net	34,856	31,169
Goodwill	244,902	230,820
Identifiable intangible assets, net	64,391	62,909
Deferred income taxes	10,590	18,769
Other non-current assets	69,696	71,487
Total assets	1,932,429	1,785,606
Current liabilities:
Accounts payable	753,275	598,595
Accrued expenses and other current liabilities	86,538	71,263
Current portion of contingent consideration	15,988	1,318
Income taxes payable	474	3,927
Current portion of long-term debt	2,866	7,861
Total current liabilities	859,141	682,964
Long-term debt, net of current portion	98,547	128,288
Long-term portion of contingent consideration	12,162	17,782
Other long-term liabilities	51,787	50,163
Total liabilities	1,021,637	879,197
Commitments and contingencies
Shareholders’ equity:
Preferred stock, no par value; 3,000,000 shares authorized, none issued	0	0
Common stock, no par value; 45,000,000 shares authorized, 20,161,911 and 22,217,421 shares issued and outstanding at June 30, 2026 and June 30, 2025, respectively	0	0
Retained earnings	1,018,144	1,020,833
Accumulated other comprehensive loss	(107,352)	(114,424)
Total shareholders’ equity	910,792	906,409
Total liabilities and shareholders’ equity	$ 1,932,429	$ 1,785,606