BZUN FY 2020 Earnings Report — Baozun Inc. Revenue & Financial Results | Market Cap Arena

Baozun Inc.BZUN

FY 2020 Earnings

Reported April 12, 2021

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	$1.3B	—	$1.1B	—	21.6%
Op. Income	$82M	—	$45M	—	82.5%
Gross Margin	36.9%	—	38.8%	—	-1.9pp
Net Margin	4.8%	—	3.9%	—	0.9pp
EPS (Diluted)	$0.98	—	$0.69	—	42.0%
Free Cash Flow	$29M	—	$31M	—	-5.3%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$816M
GROSS PROFIT	$477M
R&D Expenses	$60M
Selling & Marketing	$311M
General & Administrative	$33M
SG&A Expenses	$344M
Other Expenses	-$8M
Operating Expenses	$396M
Cost & Expenses	$1.2B
OPERATING INCOME	$82M
Interest Income	$6M
Interest Expense	$10M
Other Income/Expenses	-$636.5K
INCOME BEFORE TAX	$81M
Income Tax Expense	$19M
Net Income from Continuing Ops	$62M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$62M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$62M
D&A	$22M
EBIT	$76M
EBITDA	$98M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$816M
GROSS PROFIT	$477M
R&D Expenses	$60M
Selling & Marketing	$311M
General & Administrative	$33M
SG&A Expenses	$344M
Other Expenses	-$8M
Operating Expenses	$396M
Cost & Expenses	$1.2B
OPERATING INCOME	$82M
Interest Income	$6M
Interest Expense	$10M
Other Income/Expenses	-$636.5K
INCOME BEFORE TAX	$81M
Income Tax Expense	$19M
Net Income from Continuing Ops	$62M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$62M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$62M
D&A	$22M
EBIT	$76M
EBITDA	$98M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$62M
Depreciation & Amortization	$26M
Stock-Based Compensation	$16M
Deferred Income Tax	$0
Other Non-Cash Items	-$49M
Change in Working Capital	-$10M
OPERATING CASH FLOW	$45M
Capital Expenditure	-$16M
Acquisitions (Net)	-$14.6K
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$74M
NET CASH FROM INVESTING	-$90M
Net Debt Issuance	-$63M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$5M
NET CASH FROM FINANCING	$390M
FREE CASH FLOW	$29M
Net Change in Cash	$322M

Balance Sheet

Item	Amount
Cash & Equivalents	$544M
Short-Term Investments	$211M
Net Receivables	$374M
Inventory	$191M
Other Current Assets	$5M
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$139M
Goodwill	$2M
Intangible Assets	$21M
Long-Term Investments	$8M
Tax Assets	$8M
Other Non-Current Assets	$14M
TOTAL NON-CURRENT ASSETS	$192M
TOTAL ASSETS	$1.5B
Account Payables	$61M
Short-Term Debt	$97M
Deferred Revenue	$10M
Other Current Liabilities	$90M
TOTAL CURRENT LIABILITIES	$320M
Long-Term Debt	$257M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$370.0K
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$311M
TOTAL LIABILITIES	$632M
Common Stock	$21.1K
Additional Paid-In Capital	$759M
Retained Earnings	$139M
Treasury Stock	$0
Accum. Other Comp. Income	-$7M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$891M
Minority Interest	$5M
TOTAL EQUITY	$896M
TOTAL LIABILITIES & EQUITY	$1.5B
Total Debt	$408M
Net Debt	-$136M