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SCANSOURCE, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS June 30, 2007 and 2006 (In thousands) Assets 2007 2006 Current assets: Cash and cash equivalents $ 1,864 $ 3,831 Trade and notes receivable: Trade, less allowance of $13,342 and $11,508 at June 30, 2007 and 2006, respectively 349,961 300,240 Other 6,755 4,558 356,716 304,798 Inventories 272,012 244,005 Prepaid expenses and other assets 10,444 2,293 Deferred income taxes 12,102 15,709 Total current assets 653,138 570,636 Property and equipment, net: 26,781 27,098 Goodwill 29,361 14,404 Other assets, including identifiable intangible assets 29,168 5,359 Total assets $738,448 $617,497 See accompanying notes to consolidated financial statements. 32
SCANSOURCE, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS June 30, 2007 and 2006 (In thousands, except for share information) (Continued) Liabilities and Shareholders’ Equity 2007 2006 Current liabilities: Current portion of long-term debt $ 200 $ 229 Short-term borrowings 3,490 — Trade accounts payable 256,883 271,519 Accrued expenses and other liabilities 35,254 30,359 Income taxes payable 4,356 6,358 Total current liabilities 300,183 308,465 Long-term debt 17,216 4,398 Borrowings under revolving credit facility 90,314 27,558 Other long-term liabilities 5,475 2,757 Total liabilities 413,188 343,178 Minority interest 516 910 Commitments and contingencies Shareholders’ equity: Preferred stock, no par value; 3,000,000 shares authorized, none issued — — Common stock, no par value; 45,000,000 shares authorized; 25,855,724 and 25,725,214 shares issued and outstanding at June 30, 2007 and 2006, respectively 83,653 76,915 Retained earnings 234,502 191,876 Accumulated other comprehensive income 6,589 4,618 Total shareholders’ equity 324,744 273,409 Total liabilities and shareholders’ equity $738,448 $617,497 See accompanying notes to consolidated financial statements. 33
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Page 8 and 9: SOMEONE FROM SCANSOURCE SALES OR ME
Page 10 and 11: In addition, ScanSource Security st
Page 12 and 13: Management’s Discussion and Analy
Page 14 and 15: Results of Operations The following
Page 16 and 17: Sales during the year ended June 30
Page 18 and 19: Interest expense for the years ende
Page 20 and 21: Sales during the year ended June 30
Page 22 and 23: Interest income for the year ended
Page 24 and 25: Critical Accounting Policies and Es
Page 26 and 27: Impairment of Long-Lived Assets The
Page 28 and 29: Cash provided by financing activiti
Page 30 and 31: Quantitative and Qualitative Disclo
Page 32 and 33: Report of Independent Registered Pu
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Page 62 and 63: Market for the Registrant’s Commo
Page 64: Board of Directors James G. Foody C

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