ASO FY 2018 Earnings Report — Academy Sports and Outdoors, Inc. Revenue & Financial Results | Market Cap Arena

Academy Sports and Outdoors, Inc.ASO

FY 2018 Earnings

Reported January 31, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$4.8B	—	$4.8B	—	-1.1%
Op. Income	$129M	—	$157M	—	-18.0%
Gross Margin	28.6%	—	28.9%	—	-0.3pp
Net Margin	0.4%	—	1.2%	—	-0.8pp
EPS (Diluted)	$0.27	—	$0.69	—	-60.9%
Free Cash Flow	$91M	—	-$49M	—	285.7%

Revenue Flow

Item	Amount
REVENUE	$4.8B
Cost of Revenue	$3.4B
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.2B
Other Expenses	$3M
Operating Expenses	$1.2B
Cost & Expenses	$4.7B
OPERATING INCOME	$129M
Interest Income	$0
Interest Expense	$109M
Other Income/Expenses	-$106M
INCOME BEFORE TAX	$23M
Income Tax Expense	$2M
Net Income from Continuing Ops	$21M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$21M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$21M
D&A	$134M
EBIT	$131M
EBITDA	$265M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$4.8B
Cost of Revenue	$3.4B
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.2B
Other Expenses	$3M
Operating Expenses	$1.2B
Cost & Expenses	$4.7B
OPERATING INCOME	$129M
Interest Income	$0
Interest Expense	$109M
Other Income/Expenses	-$106M
INCOME BEFORE TAX	$23M
Income Tax Expense	$2M
Net Income from Continuing Ops	$21M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$21M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$21M
D&A	$134M
EBIT	$131M
EBITDA	$265M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$21M
Depreciation & Amortization	$133M
Stock-Based Compensation	$5M
Deferred Income Tax	-$494.0K
Other Non-Cash Items	$5M
Change in Working Capital	$35M
OPERATING CASH FLOW	$198M
Capital Expenditure	-$108M
Acquisitions (Net)	$10M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$9M
NET CASH FROM INVESTING	-$99M
Net Debt Issuance	-$56M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$1M
NET CASH FROM FINANCING	-$55M
FREE CASH FLOW	$91M
Net Change in Cash	$45M

Balance Sheet

Item	Amount
Cash & Equivalents	$76M
Short-Term Investments	$0
Net Receivables	$16M
Inventory	$1.1B
Other Current Assets	$2M
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$496M
Goodwill	$862M
Intangible Assets	$592M
Long-Term Investments	$5M
Tax Assets	$4M
Other Non-Current Assets	$12M
TOTAL NON-CURRENT ASSETS	$2.0B
TOTAL ASSETS	$3.2B
Account Payables	$432M
Short-Term Debt	$68M
Deferred Revenue	$68M
Other Current Liabilities	$80M
TOTAL CURRENT LIABILITIES	$684M
Long-Term Debt	$1.6B
Deferred Revenue NC	-$3M
Deferred Tax Liabilities	$3M
Other Non-Current Liabilities	$141M
TOTAL NON-CURRENT LIABILITIES	$1.7B
TOTAL LIABILITIES	$2.4B
Common Stock	$849M
Additional Paid-In Capital	$0
Retained Earnings	-$858M
Treasury Stock	$0
Accum. Other Comp. Income	$8M
Other Equity	$840M
TOTAL STOCKHOLDERS' EQUITY	$8M
Minority Interest	$0
TOTAL EQUITY	$8M
TOTAL LIABILITIES & EQUITY	$2.4B
Total Debt	$1.6B
Net Debt	$1.5B