BOOT FY 2021 Earnings Report — Boot Barn Holdings, Inc. Revenue & Financial Results | Market Cap Arena

Boot Barn Holdings, Inc.BOOT

FY 2021 Earnings

Reported May 13, 2021

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	$893M	—	$846M	—	5.7%
Op. Income	$86M	—	$74M	—	17.2%
Gross Margin	33.0%	—	32.7%	—	0.3pp
Net Margin	6.6%	—	5.7%	—	1.0pp
EPS (Diluted)	$2.01	—	$1.64	—	22.6%
Free Cash Flow	$127M	—	-$12M	—	1173.4%

Revenue Flow

Item	Amount
REVENUE	$893M
Cost of Revenue	$599M
GROSS PROFIT	$295M
R&D Expenses	$0
Selling & Marketing	$24M
General & Administrative	$184M
SG&A Expenses	$209M
Other Expenses	$0
Operating Expenses	$209M
Cost & Expenses	$807M
OPERATING INCOME	$86M
Interest Income	$0
Interest Expense	$9M
Other Income/Expenses	-$9M
INCOME BEFORE TAX	$77M
Income Tax Expense	$18M
Net Income from Continuing Ops	$59M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$59M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$59M
D&A	$58M
EBIT	$87M
EBITDA	$145M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$893M
Cost of Revenue	$599M
GROSS PROFIT	$295M
R&D Expenses	$0
Selling & Marketing	$24M
General & Administrative	$184M
SG&A Expenses	$209M
Other Expenses	$0
Operating Expenses	$209M
Cost & Expenses	$807M
OPERATING INCOME	$86M
Interest Income	$0
Interest Expense	$9M
Other Income/Expenses	-$9M
INCOME BEFORE TAX	$77M
Income Tax Expense	$18M
Net Income from Continuing Ops	$59M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$59M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$59M
D&A	$58M
EBIT	$87M
EBITDA	$145M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$59M
Depreciation & Amortization	$24M
Stock-Based Compensation	$7M
Deferred Income Tax	$2M
Other Non-Cash Items	$36M
Change in Working Capital	$27M
OPERATING CASH FLOW	$156M
Capital Expenditure	-$28M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$28M
Net Debt Issuance	-$131M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$754.0K
NET CASH FROM FINANCING	-$124M
FREE CASH FLOW	$127M
Net Change in Cash	$4M

Balance Sheet

Item	Amount
Cash & Equivalents	$73M
Short-Term Investments	$0
Net Receivables	$13M
Inventory	$276M
Other Current Assets	$3M
TOTAL CURRENT ASSETS	$374M
PP&E (Net)	$297M
Goodwill	$198M
Intangible Assets	$61M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$3M
TOTAL NON-CURRENT ASSETS	$559M
TOTAL ASSETS	$934M
Account Payables	$105M
Short-Term Debt	$0
Deferred Revenue	$14M
Other Current Liabilities	$27M
TOTAL CURRENT LIABILITIES	$222M
Long-Term Debt	$110M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$22M
Other Non-Current Liabilities	$3M
TOTAL NON-CURRENT LIABILITIES	$317M
TOTAL LIABILITIES	$539M
Common Stock	$3.0K
Additional Paid-In Capital	$184M
Retained Earnings	$213M
Treasury Stock	-$2M
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$395M
Minority Interest	$0
TOTAL EQUITY	$395M
TOTAL LIABILITIES & EQUITY	$934M
Total Debt	$331M
Net Debt	$258M