SCANSOURCE INC
For the period ended Jun 30, 2024. Filed Aug 27, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Aug 27, 2024
SCSC$45.43+3.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Income Statements
]ScanSource, Inc. and Subsidiaries
Consolidated Income Statements
(in thousands, except per share information)
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Net sales | $3,259,809 | $3,787,721 | $3,529,935 |
| Cost of goods sold | 2,860,757 | 3,338,482 | 3,103,411 |
| Gross profit | 399,052 | 449,239 | 426,524 |
| Selling, general and administrative expenses | 277,428 | 285,695 | 275,442 |
| Depreciation expense | 11,219 | 10,912 | 11,062 |
| Intangible amortization expense | 15,723 | 16,746 | 17,853 |
| Restructuring and other charges | 4,358 | — | — |
| Operating income | 90,324 | 135,886 | 122,167 |
| Interest expense | 13,031 | 19,786 | 6,523 |
| Interest income | (9,381) | (7,414) | (4,333) |
| Gain on sale of business | (14,155) | — | — |
| Other expense, net | 988 | 1,664 | 1,354 |
| Income before income taxes | 99,841 | 121,850 | 118,623 |
| Provision for income taxes | 22,781 | 33,758 | 29,925 |
| Net income from continuing operations | 77,060 | 88,092 | 88,698 |
| Net income from discontinued operations | — | 1,717 | 100 |
| Net income | $77,060 | $89,809 | $88,798 |
| Per share data: | |||
| Net income from continuing operations per common share, basic | $3.10 | $3.50 | $3.48 |
| Net income from discontinued operations per common share, basic | — | 0.07 | — |
| Net income per common share, basic | $3.10 | $3.57 | $3.48 |
| Weighted-average shares outstanding, basic | 24,868 | 25,142 | 25,504 |
| Net income from continuing operations per common share, diluted | $3.06 | $3.47 | $3.44 |
| Net income from discontinued operations per common share, diluted | — | 0.07 | — |
| Net income per common share, diluted | $3.06 | $3.54 | $3.45 |
| Weighted-average shares outstanding, diluted | 25,222 | 25,362 | 25,758 |
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