BBW FY 2021 Earnings Report — Build-A-Bear Workshop, Inc. Revenue & Financial Results | Market Cap Arena

Build-A-Bear Workshop, Inc.BBW

FY 2021 Earnings

Reported April 14, 2022

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	$412M	—	$255M	—	61.2%
Op. Income	$38M	—	-$35M	—	209.5%
Gross Margin	53.0%	—	38.1%	—	14.9pp
Net Margin	11.5%	—	-9.6%	—	21.1pp
EPS (Diluted)	$2.93	—	$-1.65	—	277.6%
Free Cash Flow	$20M	—	$8M	—	139.2%

Revenue Flow

Item	Amount
REVENUE	$412M
Cost of Revenue	$194M
GROSS PROFIT	$218M
R&D Expenses	$0
Selling & Marketing	$16M
General & Administrative	$151M
SG&A Expenses	$167M
Other Expenses	$0
Operating Expenses	$167M
Cost & Expenses	$361M
OPERATING INCOME	$38M
Interest Income	$5.0K
Interest Expense	$0
Other Income/Expenses	$905.0K
INCOME BEFORE TAX	$51M
Income Tax Expense	$3M
Net Income from Continuing Ops	$47M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$47M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$47M
D&A	$12M
EBIT	$51M
EBITDA	$63M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$412M
Cost of Revenue	$194M
GROSS PROFIT	$218M
R&D Expenses	$0
Selling & Marketing	$16M
General & Administrative	$151M
SG&A Expenses	$167M
Other Expenses	$0
Operating Expenses	$167M
Cost & Expenses	$361M
OPERATING INCOME	$38M
Interest Income	$5.0K
Interest Expense	$0
Other Income/Expenses	$905.0K
INCOME BEFORE TAX	$51M
Income Tax Expense	$3M
Net Income from Continuing Ops	$47M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$47M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$47M
D&A	$12M
EBIT	$51M
EBITDA	$63M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$47M
Depreciation & Amortization	$12M
Stock-Based Compensation	$3M
Deferred Income Tax	-$8M
Other Non-Cash Items	-$200.0K
Change in Working Capital	-$26M
OPERATING CASH FLOW	$28M
Capital Expenditure	-$8M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$8M
Net Debt Issuance	$0
Common Stock Repurchased	-$4M
Common Dividends Paid	$0
Other Financing Activities	$2M
NET CASH FROM FINANCING	-$22M
FREE CASH FLOW	$20M
Net Change in Cash	-$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$33M
Short-Term Investments	$0
Net Receivables	$12M
Inventory	$72M
Other Current Assets	$8M
TOTAL CURRENT ASSETS	$130M
PP&E (Net)	$127M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$8M
Other Non-Current Assets	$2M
TOTAL NON-CURRENT ASSETS	$136M
TOTAL ASSETS	$266M
Account Payables	$22M
Short-Term Debt	$0
Deferred Revenue	$25M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$97M
Long-Term Debt	$0
Deferred Revenue NC	$734.0K
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1M
TOTAL NON-CURRENT LIABILITIES	$75M
TOTAL LIABILITIES	$175M
Common Stock	$162.0K
Additional Paid-In Capital	$75M
Retained Earnings	$31M
Treasury Stock	$0
Accum. Other Comp. Income	-$12M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$94M
Minority Interest	$0
TOTAL EQUITY	$94M
TOTAL LIABILITIES & EQUITY	$269M
Total Debt	$98M
Net Debt	$65M