BOOT FY 2020 Earnings Report — Boot Barn Holdings, Inc. Revenue & Financial Results | Market Cap Arena

Boot Barn Holdings, Inc.BOOT

FY 2020 Earnings

Reported May 22, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$846M	—	$777M	—	8.8%
Op. Income	$74M	—	$64M	—	14.5%
Gross Margin	32.7%	—	32.4%	—	0.3pp
Net Margin	5.7%	—	5.0%	—	0.6pp
EPS (Diluted)	$1.64	—	$1.35	—	21.5%
Free Cash Flow	-$12M	—	$36M	—	-133.2%

Revenue Flow

Item	Amount
REVENUE	$846M
Cost of Revenue	$569M
GROSS PROFIT	$276M
R&D Expenses	$0
Selling & Marketing	$28M
General & Administrative	$175M
SG&A Expenses	$203M
Other Expenses	$0
Operating Expenses	$203M
Cost & Expenses	$772M
OPERATING INCOME	$74M
Interest Income	$0
Interest Expense	$13M
Other Income/Expenses	-$13M
INCOME BEFORE TAX	$60M
Income Tax Expense	$12M
Net Income from Continuing Ops	$48M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$48M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$48M
D&A	$52M
EBIT	$74M
EBITDA	$126M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$846M
Cost of Revenue	$569M
GROSS PROFIT	$276M
R&D Expenses	$0
Selling & Marketing	$28M
General & Administrative	$175M
SG&A Expenses	$203M
Other Expenses	$0
Operating Expenses	$203M
Cost & Expenses	$772M
OPERATING INCOME	$74M
Interest Income	$0
Interest Expense	$13M
Other Income/Expenses	-$13M
INCOME BEFORE TAX	$60M
Income Tax Expense	$12M
Net Income from Continuing Ops	$48M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$48M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$48M
D&A	$52M
EBIT	$74M
EBITDA	$126M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$48M
Depreciation & Amortization	$21M
Stock-Based Compensation	$5M
Deferred Income Tax	$3M
Other Non-Cash Items	$32M
Change in Working Capital	-$84M
OPERATING CASH FLOW	$25M
Capital Expenditure	-$37M
Acquisitions (Net)	-$4M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$717.0K
NET CASH FROM INVESTING	-$40M
Net Debt Issuance	$64M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$3M
NET CASH FROM FINANCING	$68M
FREE CASH FLOW	-$12M
Net Change in Cash	$53M

Balance Sheet

Item	Amount
Cash & Equivalents	$70M
Short-Term Investments	$0
Net Receivables	$17M
Inventory	$289M
Other Current Assets	$2M
TOTAL CURRENT ASSETS	$385M
PP&E (Net)	$280M
Goodwill	$198M
Intangible Assets	$61M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$2M
TOTAL NON-CURRENT ASSETS	$540M
TOTAL ASSETS	$925M
Account Payables	$95M
Short-Term Debt	$130M
Deferred Revenue	$11M
Other Current Liabilities	$25M
TOTAL CURRENT LIABILITIES	$313M
Long-Term Debt	$109M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$20M
Other Non-Current Liabilities	$635.0K
TOTAL NON-CURRENT LIABILITIES	$290M
TOTAL LIABILITIES	$603M
Common Stock	$3.0K
Additional Paid-In Capital	$169M
Retained Earnings	$154M
Treasury Stock	-$1M
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$322M
Minority Interest	$0
TOTAL EQUITY	$322M
TOTAL LIABILITIES & EQUITY	$925M
Total Debt	$435M
Net Debt	$365M