BBW FY 2014 Earnings Report — Build-A-Bear Workshop, Inc. Revenue & Financial Results | Market Cap Arena

Build-A-Bear Workshop, Inc.BBW

FY 2014 Earnings

Reported March 19, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$392M	—	$379M	—	3.5%
Op. Income	$16M	—	-$2M	—	776.4%
Gross Margin	46.0%	—	41.8%	—	4.2pp
Net Margin	3.7%	—	-0.6%	—	4.2pp
EPS (Diluted)	$0.81	—	$-0.13	—	723.1%
Free Cash Flow	$24M	—	$3.0K	—	803033.3%

Revenue Flow

Item	Amount
REVENUE	$392M
Cost of Revenue	$212M
GROSS PROFIT	$181M
R&D Expenses	$0
Selling & Marketing	$26M
General & Administrative	$138M
SG&A Expenses	$164M
Other Expenses	$0
Operating Expenses	$164M
Cost & Expenses	$376M
OPERATING INCOME	$16M
Interest Income	$0
Interest Expense	$53.0K
Other Income/Expenses	-$53.0K
INCOME BEFORE TAX	$16M
Income Tax Expense	$2M
Net Income from Continuing Ops	$14M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$14M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$14M
D&A	$18M
EBIT	$17M
EBITDA	$34M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$392M
Cost of Revenue	$212M
GROSS PROFIT	$181M
R&D Expenses	$0
Selling & Marketing	$26M
General & Administrative	$138M
SG&A Expenses	$164M
Other Expenses	$0
Operating Expenses	$164M
Cost & Expenses	$376M
OPERATING INCOME	$16M
Interest Income	$0
Interest Expense	$53.0K
Other Income/Expenses	-$53.0K
INCOME BEFORE TAX	$16M
Income Tax Expense	$2M
Net Income from Continuing Ops	$14M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$14M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$14M
D&A	$18M
EBIT	$17M
EBITDA	$34M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$14M
Depreciation & Amortization	$18M
Stock-Based Compensation	$2M
Deferred Income Tax	-$2M
Other Non-Cash Items	$3M
Change in Working Capital	-$821.0K
OPERATING CASH FLOW	$35M
Capital Expenditure	-$11M
Acquisitions (Net)	$0
Purchases of Investments	-$899.0K
Sales/Maturities of Investments	$0
Other Investing Activities	-$100.0K
NET CASH FROM INVESTING	-$12M
Net Debt Issuance	$0
Common Stock Repurchased	-$3M
Common Dividends Paid	$0
Other Financing Activities	$2M
NET CASH FROM FINANCING	-$2M
FREE CASH FLOW	$24M
Net Change in Cash	$21M

Balance Sheet

Item	Amount
Cash & Equivalents	$65M
Short-Term Investments	$0
Net Receivables	$11M
Inventory	$52M
Other Current Assets	$8M
TOTAL CURRENT ASSETS	$146M
PP&E (Net)	$63M
Goodwill	$0
Intangible Assets	$304.0K
Long-Term Investments	-$1M
Tax Assets	$1M
Other Non-Current Assets	$3M
TOTAL NON-CURRENT ASSETS	$66M
TOTAL ASSETS	$212M
Account Payables	$38M
Short-Term Debt	$0
Deferred Revenue	$37M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$99M
Long-Term Debt	$0
Deferred Revenue NC	$945.0K
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$14M
TOTAL NON-CURRENT LIABILITIES	$15M
TOTAL LIABILITIES	$114M
Common Stock	$174.0K
Additional Paid-In Capital	$69M
Retained Earnings	$37M
Treasury Stock	$0
Accum. Other Comp. Income	-$9M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$98M
Minority Interest	$0
TOTAL EQUITY	$98M
TOTAL LIABILITIES & EQUITY	$212M
Total Debt	$0
Net Debt	-$65M