ASO FY 2019 Earnings Report — Academy Sports and Outdoors, Inc. Revenue & Financial Results | Market Cap Arena

Academy Sports and Outdoors, Inc.ASO

FY 2019 Earnings

Reported January 31, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$4.8B	—	$4.8B	—	1.0%
Op. Income	$179M	—	$129M	—	39.1%
Gross Margin	29.6%	—	28.6%	—	1.0pp
Net Margin	2.5%	—	0.4%	—	2.0pp
EPS (Diluted)	$1.33	—	$0.27	—	392.6%
Free Cash Flow	$201M	—	$91M	—	121.7%

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	$1.3B
Other Expenses	$2M
Operating Expenses	$1.3B
Cost & Expenses	$4.7B
OPERATING INCOME	$179M
Interest Income	$0
Interest Expense	$101M
Other Income/Expenses	-$57M
INCOME BEFORE TAX	$123M
Income Tax Expense	$3M
Net Income from Continuing Ops	$120M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$120M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$120M
D&A	$121M
EBIT	$225M
EBITDA	$346M
EPS	$1
EPS Diluted	$1

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	$1.3B
Other Expenses	$2M
Operating Expenses	$1.3B
Cost & Expenses	$4.7B
OPERATING INCOME	$179M
Interest Income	$0
Interest Expense	$101M
Other Income/Expenses	-$57M
INCOME BEFORE TAX	$123M
Income Tax Expense	$3M
Net Income from Continuing Ops	$120M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$120M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$120M
D&A	$121M
EBIT	$225M
EBITDA	$346M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$120M
Depreciation & Amortization	$117M
Stock-Based Compensation	$8M
Deferred Income Tax	$297.0K
Other Non-Cash Items	-$34M
Change in Working Capital	$52M
OPERATING CASH FLOW	$264M
Capital Expenditure	-$63M
Acquisitions (Net)	$23.0K
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$4M
NET CASH FROM INVESTING	-$67M
Net Debt Issuance	-$123M
Common Stock Repurchased	-$473.0K
Common Dividends Paid	$0
Other Financing Activities	$100.0K
NET CASH FROM FINANCING	-$123M
FREE CASH FLOW	$201M
Net Change in Cash	$74M

Balance Sheet

Item	Amount
Cash & Equivalents	$149M
Short-Term Investments	$0
Net Receivables	$14M
Inventory	$1.1B
Other Current Assets	$2M
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$1.6B
Goodwill	$862M
Intangible Assets	$577M
Long-Term Investments	-$4M
Tax Assets	$4M
Other Non-Current Assets	$16M
TOTAL NON-CURRENT ASSETS	$3.0B
TOTAL ASSETS	$4.3B
Account Payables	$429M
Short-Term Debt	$34M
Deferred Revenue	$70M
Other Current Liabilities	$87M
TOTAL CURRENT LIABILITIES	$751M
Long-Term Debt	$1.4B
Deferred Revenue NC	-$3M
Deferred Tax Liabilities	$3M
Other Non-Current Liabilities	$20M
TOTAL NON-CURRENT LIABILITIES	$2.6B
TOTAL LIABILITIES	$3.3B
Common Stock	$996M
Additional Paid-In Capital	$0
Retained Earnings	-$1.0B
Treasury Stock	$0
Accum. Other Comp. Income	-$8M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	-$8M
Minority Interest	$0
TOTAL EQUITY	-$8M
TOTAL LIABILITIES & EQUITY	$3.3B
Total Debt	$2.7B
Net Debt	$2.5B