BKE FY 2021 Earnings Report — The Buckle, Inc. Revenue & Financial Results | Market Cap Arena

The Buckle, Inc.BKE

FY 2021 Earnings

Reported March 30, 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	$1.3B	—	$901M	—	43.6%
Op. Income	$335M	—	$168M	—	99.7%
Gross Margin	50.4%	—	44.5%	—	6.0pp
Net Margin	19.7%	—	14.4%	—	5.2pp
EPS (Diluted)	$5.16	—	$2.66	—	94.0%
Free Cash Flow	$293M	—	$220M	—	33.2%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$642M
GROSS PROFIT	$653M
R&D Expenses	$0
Selling & Marketing	$266M
General & Administrative	$51M
SG&A Expenses	$318M
Other Expenses	$0
Operating Expenses	$318M
Cost & Expenses	$959M
OPERATING INCOME	$335M
Interest Income	$2M
Interest Expense	$0
Other Income/Expenses	$2M
INCOME BEFORE TAX	$338M
Income Tax Expense	$83M
Net Income from Continuing Ops	$255M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$255M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$255M
D&A	$19M
EBIT	$335M
EBITDA	$354M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$642M
GROSS PROFIT	$653M
R&D Expenses	$0
Selling & Marketing	$266M
General & Administrative	$51M
SG&A Expenses	$318M
Other Expenses	$0
Operating Expenses	$318M
Cost & Expenses	$959M
OPERATING INCOME	$335M
Interest Income	$2M
Interest Expense	$0
Other Income/Expenses	$2M
INCOME BEFORE TAX	$338M
Income Tax Expense	$83M
Net Income from Continuing Ops	$255M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$255M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$255M
D&A	$19M
EBIT	$335M
EBITDA	$354M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$255M
Depreciation & Amortization	$19M
Stock-Based Compensation	$9M
Deferred Income Tax	-$381.0K
Other Non-Cash Items	$5.0K
Change in Working Capital	$29M
OPERATING CASH FLOW	$312M
Capital Expenditure	-$19M
Acquisitions (Net)	$954.0K
Purchases of Investments	-$19M
Sales/Maturities of Investments	$8M
Other Investing Activities	-$30.0K
NET CASH FROM INVESTING	-$29M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$348M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$348M
FREE CASH FLOW	$293M
Net Change in Cash	-$65M

Balance Sheet

Item	Amount
Cash & Equivalents	$254M
Short-Term Investments	$13M
Net Receivables	$12M
Inventory	$102M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$391M
PP&E (Net)	$359M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$19M
Tax Assets	$9M
Other Non-Current Assets	$11M
TOTAL NON-CURRENT ASSETS	$390M
TOTAL ASSETS	$781M
Account Payables	$60M
Short-Term Debt	$88M
Deferred Revenue	$16M
Other Current Liabilities	-$26M
TOTAL CURRENT LIABILITIES	$249M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$19M
TOTAL NON-CURRENT LIABILITIES	$219M
TOTAL LIABILITIES	$468M
Common Stock	$497.0K
Additional Paid-In Capital	$167M
Retained Earnings	$145M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$313M
Minority Interest	$0
TOTAL EQUITY	$313M
TOTAL LIABILITIES & EQUITY	$781M
Total Debt	$288M
Net Debt	$34M