BKE FY 2011 Earnings Report — The Buckle, Inc. Revenue & Financial Results | Market Cap Arena

The Buckle, Inc.BKE

FY 2011 Earnings

Reported March 28, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$1.1B	—	$950M	—	11.9%
Op. Income	$236M	—	$211M	—	12.1%
Gross Margin	44.1%	—	44.1%	—	-0.0pp
Net Margin	14.2%	—	14.2%	—	0.1pp
EPS (Diluted)	$3.20	—	$2.86	—	11.9%
Free Cash Flow	$173M	—	$125M	—	38.1%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$594M
GROSS PROFIT	$469M
R&D Expenses	$0
Selling & Marketing	$195M
General & Administrative	$37M
SG&A Expenses	$232M
Other Expenses	$0
Operating Expenses	$232M
Cost & Expenses	$827M
OPERATING INCOME	$236M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$4M
INCOME BEFORE TAX	$240M
Income Tax Expense	$89M
Net Income from Continuing Ops	$151M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$151M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$151M
D&A	$33M
EBIT	$236M
EBITDA	$269M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$594M
GROSS PROFIT	$469M
R&D Expenses	$0
Selling & Marketing	$195M
General & Administrative	$37M
SG&A Expenses	$232M
Other Expenses	$0
Operating Expenses	$232M
Cost & Expenses	$827M
OPERATING INCOME	$236M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$4M
INCOME BEFORE TAX	$240M
Income Tax Expense	$89M
Net Income from Continuing Ops	$151M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$151M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$151M
D&A	$33M
EBIT	$236M
EBITDA	$269M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$151M
Depreciation & Amortization	$33M
Stock-Based Compensation	$0
Deferred Income Tax	$5M
Other Non-Cash Items	$859.0K
Change in Working Capital	$12M
OPERATING CASH FLOW	$209M
Capital Expenditure	-$37M
Acquisitions (Net)	$9.0K
Purchases of Investments	-$14M
Sales/Maturities of Investments	$33M
Other Investing Activities	$19.0K
NET CASH FROM INVESTING	-$18M
Net Debt Issuance	$0
Common Stock Repurchased	-$296.0K
Common Dividends Paid	-$145M
Other Financing Activities	$3M
NET CASH FROM FINANCING	-$142M
FREE CASH FLOW	$173M
Net Change in Cash	$50M

Balance Sheet

Item	Amount
Cash & Equivalents	$167M
Short-Term Investments	$30M
Net Receivables	$5M
Inventory	$104M
Other Current Assets	$15M
TOTAL CURRENT ASSETS	$320M
PP&E (Net)	$169M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$40M
Tax Assets	$0
Other Non-Current Assets	$2M
TOTAL NON-CURRENT ASSETS	$211M
TOTAL ASSETS	$532M
Account Payables	$27M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$31M
TOTAL CURRENT LIABILITIES	$110M
Long-Term Debt	$0
Deferred Revenue NC	$45M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$13M
TOTAL NON-CURRENT LIABILITIES	$59M
TOTAL LIABILITIES	$168M
Common Stock	$474.0K
Additional Paid-In Capital	$100M
Retained Earnings	$263M
Treasury Stock	$0
Accum. Other Comp. Income	-$699.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$363M
Minority Interest	$0
TOTAL EQUITY	$363M
TOTAL LIABILITIES & EQUITY	$532M
Total Debt	$0
Net Debt	-$167M