SCANSOURCE, INC.
For the period ended Jun 30, 2025. Filed Aug 21, 2025.
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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.
FY2025 · Filed Aug 21, 2025
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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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
(in thousands)
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Cash flows from operating activities: | |||
| Net income | $71,548 | $77,060 | $89,809 |
| Net income from discontinued operations | — | — | 1,717 |
| Net income from continuing operations | 71,548 | 77,060 | 88,092 |
| Adjustments to reconcile net income to net cash (used in) provided by operating activities of continuing operations: | |||
| Gain on sale of a business | — | (14,155) | — |
| Depreciation and amortization | 30,195 | 28,009 | 28,614 |
| Amortization of debt issue costs | 386 | 386 | 577 |
| Provision for doubtful accounts | 8,351 | 8,317 | 2,785 |
| Share-based compensation | 11,062 | 9,537 | 11,219 |
| Deferred income taxes | 1,128 | (2,472) | (1,496) |
| Change in fair value of contingent consideration | 1,900 | — | — |
| Finance lease interest | 86 | 101 | 44 |
| Changes in operating assets and liabilities, net of acquisitions: | |||
| Accounts receivable | (55,011) | 138,264 | (17,368) |
| Inventories | 28,874 | 239,157 | (138,313) |
| Prepaid expenses and other assets | 7,303 | (17,804) | 32,653 |
| Other non-current assets | 3,974 | (10,689) | (7,582) |
| Accounts payable | 3,673 | (78,167) | (30,656) |
| Accrued expenses and other liabilities | 2,846 | (3,872) | (14,195) |
| Income taxes payable | (3,966) | (2,025) | 9,857 |
| Net cash provided by (used in) operating activities of continuing operations | 112,349 | 371,647 | (35,769) |
| Cash flows from investing activities of continuing operations: | |||
| Capital expenditures | (8,286) | (8,555) | (9,979) |
| Cash paid for business acquisitions, net of cash acquired | (56,673) | — | — |
| Cash received for business disposal | 2,569 | 17,600 | 1,717 |
| Net cash (used in) provided by investing activities of continuing operations | (62,390) | 9,045 | (8,262) |
| Cash flows from financing activities of continuing operations: | |||
| Borrowings on revolving credit, net of expenses | 51,954 | 1,259,728 | 2,499,166 |
| Repayments on revolving credit, net of expenses | (52,004) | (1,438,658) | (2,456,025) |
| Debt issuance costs | — | — | (1,407) |
| (Repayments) borrowings on long-term debt | (7,857) | (6,915) | 15,590 |
| Repayments of finance lease obligations | (1,090) | (964) | (589) |
| Exercise of stock options | 9,511 | 4,813 | 910 |
| Taxes paid on settlement of equity awards | (4,895) | (2,876) | (2,463) |
| Repurchase of common stock | (106,524) | (42,895) | (15,651) |
| Net cash (used in) provided by financing activities of continuing operations | (110,905) | (227,767) | 39,531 |
| Net cash flows used in by discontinued operations | — | — | — |
|---|---|---|---|
| Effect of exchange rate changes on cash and cash equivalents | 1,643 | (3,643) | 2,691 |
| (Decrease) increase in cash and cash equivalents | (59,303) | 149,282 | (1,809) |
| Cash and cash equivalents at beginning of period | 185,460 | 36,178 | 37,987 |
| Cash and cash equivalents at end of period | 126,157 | 185,460 | 36,178 |
| Cash and cash equivalents of discontinued operations | — | — | — |
| Cash and cash equivalents of continuing operations | $126,157 | $185,460 | $36,178 |
| Supplemental disclosure of consolidated cash flow information: | |||
|---|---|---|---|
| Interest paid during the year | $7,570 | $12,953 | $18,789 |
| Income taxes paid during the year | $27,829 | $27,129 | $28,547 |
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