AENT FY 2021 Earnings Report — Alliance Entertainment Holding Corporation Revenue & Financial Results | Market Cap Arena

Alliance Entertainment Holding CorporationAENT

FY 2021 Earnings

Reported June 29, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$1.3B	—	$776M	—	70.7%
Op. Income	$48M	—	$9M	—	417.3%
Gross Margin	13.8%	—	15.4%	—	-1.6pp
Net Margin	2.6%	—	0.7%	—	1.9pp
EPS (Diluted)	$0.72	—	$0.78	—	-7.7%
Free Cash Flow	$74M	—	$25M	—	200.0%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$1.1B
GROSS PROFIT	$183M
R&D Expenses	$0
Selling & Marketing	$57M
General & Administrative	$57M
SG&A Expenses	$114M
Other Expenses	$21M
Operating Expenses	$135M
Cost & Expenses	$1.3B
OPERATING INCOME	$48M
Interest Income	$0
Interest Expense	$3M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$45M
Income Tax Expense	$11M
Net Income from Continuing Ops	$34M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$34M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$34M
D&A	$11M
EBIT	$48M
EBITDA	$60M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$1.1B
GROSS PROFIT	$183M
R&D Expenses	$0
Selling & Marketing	$57M
General & Administrative	$57M
SG&A Expenses	$114M
Other Expenses	$21M
Operating Expenses	$135M
Cost & Expenses	$1.3B
OPERATING INCOME	$48M
Interest Income	$0
Interest Expense	$3M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$45M
Income Tax Expense	$11M
Net Income from Continuing Ops	$34M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$34M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$34M
D&A	$11M
EBIT	$48M
EBITDA	$60M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$34M
Depreciation & Amortization	$11M
Stock-Based Compensation	$0
Deferred Income Tax	$2M
Other Non-Cash Items	$648.0K
Change in Working Capital	$27M
OPERATING CASH FLOW	$75M
Capital Expenditure	-$650.0K
Acquisitions (Net)	-$65M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$66M
Net Debt Issuance	$1M
Common Stock Repurchased	$0
Common Dividends Paid	-$7M
Other Financing Activities	-$500.0K
NET CASH FROM FINANCING	-$6M
FREE CASH FLOW	$74M
Net Change in Cash	$3M

Balance Sheet

Item	Amount
Cash & Equivalents	$4M
Short-Term Investments	$0
Net Receivables	$111M
Inventory	$143M
Other Current Assets	$5M
TOTAL CURRENT ASSETS	$266M
PP&E (Net)	$19M
Goodwill	$80M
Intangible Assets	$24M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$361.0K
TOTAL NON-CURRENT ASSETS	$123M
TOTAL ASSETS	$389M
Account Payables	$214M
Short-Term Debt	$3M
Deferred Revenue	$0
Other Current Liabilities	$2M
TOTAL CURRENT LIABILITIES	$239M
Long-Term Debt	$54M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$6M
TOTAL NON-CURRENT LIABILITIES	$70M
TOTAL LIABILITIES	$309M
Common Stock	$0
Additional Paid-In Capital	$40M
Retained Earnings	$43M
Treasury Stock	-$3M
Accum. Other Comp. Income	-$73.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$80M
Minority Interest	$0
TOTAL EQUITY	$80M
TOTAL LIABILITIES & EQUITY	$389M
Total Debt	$72M
Net Debt	$68M