Scansource, inc. (SCSC)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09
Cash flows from operating activities:
Net Income (Loss) Attributable to Parent

1,712

11,366

11,530

11,578

11,716

19,981

14,322

10,388

10,649

7,969

4,147

18,970

12,424

23,036

14,816

12,925

14,042

20,656

15,996

16,447

12,943

16,821

19,208

27,105

16,949

18,298

19,437

-13,315

13,978

16,357

17,642

19,785

14,757

21,366

18,380

19,661

16,534

21,620

15,708

14,048

12,014

11,815

10,935

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

9,539

9,700

9,189

9,052

9,363

8,935

9,268

9,291

9,438

9,902

8,864

6,276

6,880

6,588

5,224

4,584

4,281

4,351

3,938

3,947

3,710

2,443

1,897

1,984

1,744

1,778

1,869

1,853

2,188

2,188

2,228

1,986

2,754

2,258

2,582

2,114

1,394

1,446

1,510

1,527

1,679

1,391

1,467

Amortization of debt issuance costs

104

105

104

98

84

84

84

84

84

84

74

67

75

74

74

74

75

74

74

74

75

74

74

74

74

78

86

86

86

87

86

-

-

-

-

-

-

-

-

-

-

-

-

Provision for doubtful accounts

277

824

1,976

-917

1,012

1,555

632

1,136

608

2,230

3,101

3,269

1,625

2,253

1,754

4,768

581

1,705

517

3,113

-539

490

-2,071

1,104

-947

3,486

2,930

2,021

2,979

3,294

2,039

2,166

2,084

1,437

1,447

2,045

1,296

2,049

2,098

972

1,174

5,453

3,255

Share-based compensation

1,248

1,594

1,255

1,216

1,999

1,516

1,391

1,604

1,622

1,647

1,586

1,740

1,715

1,458

1,689

1,899

1,939

1,727

1,528

1,782

1,819

1,512

1,409

1,441

1,637

1,013

1,157

1,053

1,412

1,437

1,716

1,325

1,958

1,785

1,772

1,413

1,093

1,185

1,186

1,682

1,693

1,421

1,269

Deferred income taxes

1,416

106

226

4,032

703

-1,438

-397

19,225

1,521

1,928

-388

2,316

-512

-778

835

5,402

-5,403

-2,525

680

989

-4,362

-1,433

885

2,375

-10,751

-485

255

15,602

2,071

669

1,288

990

4,656

-752

1,483

1,361

625

-616

61

3,607

1,173

38

-160

Excess tax benefits from share-based payment arrangements

-

-

-

-

-

-

-

-

-

-

-

1

0

42

46

0

0

74

27

0

0

190

70

0

101

607

274

0

0

241

608

1,570

-6

-1,019

1,175

647

-6

-557

119

162

-1

-97

163

Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability

617

3,177

2,472

3,665

5,101

1,850

4,584

8,448

4,801

6,913

16,881

1,290

1,960

1,792

169

-3,226

1,139

1,817

1,564

1,405

286

463

513

93

981

499

738

447

100

532

764

1,364

-1,072

722

-894

-

-

-

-

-

-

-

-

Contingent consideration payments excess

0

3,050

0

0

2,746

5,355

2,089

0

0

3,066

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance lease interest

25

17

22

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable

-5,247

-67,305

60,710

53,128

-71,348

30,420

398

21,318

-56,025

59,744

13,231

69,753

-56,813

-10,175

59,966

38,160

-71,751

3,988

15,436

37,520

-44,029

-1,538

22,523

45,200

-20,507

-1,083

8,250

18,315

-27,083

-3,065

-1,913

34,412

-48,442

20,749

27,603

57,937

-36,626

6,862

48,783

38,417

-21,985

89,530

-26,817

Inventories

-64,215

22,490

26,069

-64,437

58,122

32,081

78,828

36,928

-15,179

-15,340

53,089

13,060

-717

-49,419

8,627

-10,735

-41,412

17,964

31,184

61,454

-37,973

28,744

-14,530

24,753

12,108

33,736

28,617

-14,651

-66,563

1,401

-7,008

-15,472

-18,219

40,503

22,575

34,290

6,960

46,688

-7,935

38,954

8,483

137,604

-51,549

Prepaid expenses and other assets

8,956

7,808

-807

15,319

-9,202

-5,234

4,320

11,960

-7,177

-3,899

13,980

-427

-12,680

16,808

3,997

-4,924

-9,387

-6,590

16,289

-2,477

1,588

-4,166

2,718

-9,130

796

-1,400

3,528

-275

-1,438

4,576

-2,835

5,527

-6,054

-1,575

6,205

2,501

8,680

770

5,441

-3,422

-755

-1,200

4,493

Other non-current assets

-8,347

972

6,947

1,091

1,436

-1,725

-124

3,247

-1,661

9,176

-4,401

9,508

-1,173

-1,157

2,362

615

-2,331

2,768

1,134

-1,047

-791

714

-307

2,505

-3,386

-942

538

-5,783

-6,631

181

2,792

-1,652

3,704

290

-3,508

1,514

2,429

1,554

4,782

-273

960

3,394

-1,421

Accounts payable

-51,038

12,095

101,496

-27,868

-18,715

-25,220

69,073

76,882

-20,894

-18,537

7,013

74,239

-41,515

-53,330

40,467

37,190

-84,148

-2,338

-22,410

106,777

-67,324

788

-11,961

45,128

-8,821

-32,473

53,698

38,114

-26,537

-31,957

-36,457

28,603

-38,597

46,968

-8,668

80,272

-15,288

9,779

3,535

65,067

-42,727

14,420

21,217

Accrued expenses and other liabilities

1,774

5,364

10,015

6,785

-89

122

-4,115

-2,088

-3,798

-2,648

-3,006

-3,229

-2,172

3,858

10,034

-1,604

-4,282

13,769

-1,482

8,808

-350

2,465

-3,474

-2,540

-2,153

1,350

-2,014

-11,449

-8,312

7,252

-1,636

4,814

-816

6,521

-2,148

8,650

5,487

10,552

6,371

-948

4,406

7,559

-4,141

Income taxes payable

328

-6,061

2,086

2,944

-791

-6,848

-4,411

17,968

-12

-2,748

-535

2,341

-4,494

-943

7,872

-193

861

-8,817

7,300

2,471

613

-12,906

6,462

6,366

218

-7,948

9,262

-936

456

-7,574

8,949

2,368

207

-10,565

7,710

-3,601

2,937

-5,771

1,607

3,814

181

-1,023

1,514

Net cash provided by (used in) operating activities

32,023

71,060

47,000

-2,580

27,223

-57,484

5,714

31,035

81,019

-49,863

-37,386

10,752

48,393

29,465

6,266

27,899

64,772

17,265

-57,725

48,385

36,800

-10,361

698

15,052

31,321

-44,352

45,701

53,438

85,994

-12,387

2,399

34,890

47,780

10,852

-33,564

12,234

31,531

-13,841

-19,236

6,615

-7,109

-37,569

-40,101

Cash flows from investing activities:
Payments to Acquire Productive Assets

3,867

1,810

940

-3,762

5,197

4,790

990

2,852

2,011

1,986

1,310

2,404

3,184

1,285

1,976

2,961

5,654

3,033

433

908

6,071

6,464

7,319

4,443

6,363

207

215

368

1,259

1,198

2,006

2,603

4,674

3,174

2,339

4,671

4,483

3,864

1,851

1,858

3,231

369

148

Cash paid for business acquisitions, net of cash acquired

0

-159

49,080

0

-22

18,976

13,207

0

0

966

142,802

0

0

0

83,804

0

0

0

61,475

39

24,224

0

35,516

0

0

0

0

-

-

-

-

-

-

-

-

36,228

0

0

0

-

-

-

-

Net cash used in investing activities

-3,867

-1,651

-50,020

3,762

-5,175

-23,766

-14,197

-2,852

-2,011

-2,952

-144,112

-2,404

-6,767

-1,285

-85,780

-2,961

-5,654

-3,033

-61,908

-947

-30,295

-6,464

-42,835

-4,443

-6,363

-207

-215

-368

-1,259

-1,198

-2,006

-2,603

-4,674

-3,174

-2,339

-40,899

-4,483

-3,864

-1,851

-1,622

-1,814

-12,016

-148

Cash flows from financing activities:
Short-term borrowings, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,855

-23,343

0

-4,609

0

0

0

0

0

-547

540

-4,452

4,294

-735

-3,365

1,151

-122

-238

2,085

-19

-

-

-

-

Borrowings on revolving credit

586,069

546,232

537,926

469,711

476,235

566,422

559,911

566,470

455,780

576,758

702,435

507,140

476,781

352,341

476,800

317,900

390,812

431,853

236,055

0

93,579

0

0

-

-

-

-

0

80,095

265,778

169,389

275,554

1,064,003

25,532

43,433

-

-

-

-

-

-

-

-

Repayments on revolving credit

617,356

563,999

520,139

611,876

500,632

475,871

527,151

599,199

534,788

501,700

513,972

523,774

504,514

376,817

387,515

320,114

426,160

409,864

149,055

0

93,579

0

0

-

-

-

-

0

102,052

256,489

157,336

-

-

-

-

-

-

-

-

-

-

-

-

Repayments on short-term borrowings, net

1,934

-2,077

4,527

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments on long-term debt

937

938

1,272

-

-1

1

330

-

0

0

0

-

-

-

-

773

0

1,402

617

8,828

318

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of finance lease obligations

-455

724

391

167

165

165

165

154

156

140

141

62

61

62

61

61

40

61

61

61

60

60

81

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt issuance costs

-

-

-

-

-

-

-

0

0

0

296

876

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contingent consideration payments

0

35,481

0

0

-10

5,458

30,158

0

0

10,101

40,858

0

0

1,607

8,634

15,892

0

-7,286

0

0

-111

0

-5,529

-17

-147

-2

-3,644

0

-61

-4,716

0

-

-

-

-

-

-

-

-

-

-

-

-

Exercise and issuance of equity awards

34

720

0

0

0

1,069

440

147

0

1,895

231

3,455

2,297

4,030

187

1,726

3,138

581

97

381

130

44

205

429

1,097

8,269

2,786

1,793

773

699

759

-429

4,704

2,648

719

1,494

2,519

2,187

172

-

-

-

-

Taxes paid on settlement of equity awards

0

1,342

12

0

2

1,389

15

15

6

1,578

38

17

8

1,662

74

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common stock

0

0

6,077

9,175

0

308

0

-

-

-

-

0

0

3,469

17,413

1,792

26,827

29,638

41,949

16,074

2,694

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits from share-based payment arrangements

-

-

-

-

-

-

-

-

-

-

-

1

0

42

46

0

0

74

27

0

0

190

70

0

101

607

274

0

0

241

608

1,570

-6

-1,019

1,175

647

-6

-557

119

162

-1

-97

163

Net cash (used in) provided by financing activities

-33,669

-53,455

5,508

1,955

-24,553

84,299

2,532

-32,751

-79,170

65,134

147,361

-14,133

-25,505

-27,204

63,336

-5,982

-59,077

-15,743

44,497

-20,727

-26,396

174

-9,944

412

1,051

8,406

-584

1,793

-21,792

6,053

8,968

-34,860

-52,706

-1,204

46,478

26,138

-9,220

16,467

272

452

693

14

163

Effect of exchange rate changes on cash and cash equivalents

-1,896

174

-429

281

156

842

-721

-5,263

88

-500

1,659

-308

995

-1,030

-97

1,595

1,370

-290

-5,271

1,357

-8,044

-1,699

-2,907

268

423

-486

703

-604

-493

256

197

-2,549

1,302

-1,133

-2,070

93

316

-100

585

-517

-93

-254

247

Increase (decrease) in cash and cash equivalents

-7,409

16,128

2,059

3,418

-2,349

3,891

-6,672

-9,831

-74

11,819

-32,478

-6,093

17,116

-54

-16,275

20,551

1,411

-1,801

-80,407

28,068

-27,935

-18,350

-54,988

11,289

26,432

-36,639

45,605

54,259

62,450

-7,276

9,558

-5,122

-8,298

5,341

8,505

-2,434

18,144

-1,338

-20,230

4,928

-8,323

-49,825

-39,839