CAL FY 2007 Earnings Report — Caleres, Inc. Revenue & Financial Results | Market Cap Arena

Caleres, Inc.CAL

FY 2007 Earnings

Reported March 31, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$2.4B	—	$2.5B	—	-4.5%
Op. Income	$96M	—	$108M	—	-11.5%
Gross Margin	40.0%	—	39.3%	—	0.7pp
Net Margin	2.6%	—	2.7%	—	-0.1pp
EPS (Diluted)	$1.37	—	$1.51	—	-9.3%
Free Cash Flow	$39M	—	$82M	—	-52.1%

Revenue Flow

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$1.4B
GROSS PROFIT	$943M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$847M
Other Expenses	$439.0K
Operating Expenses	$848M
Cost & Expenses	$2.3B
OPERATING INCOME	$96M
Interest Income	$3M
Interest Expense	$12M
Other Income/Expenses	-$12M
INCOME BEFORE TAX	$84M
Income Tax Expense	$23M
Net Income from Continuing Ops	$60M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$60M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$60M
D&A	$52M
EBIT	$99M
EBITDA	$150M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$1.4B
GROSS PROFIT	$943M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$847M
Other Expenses	$439.0K
Operating Expenses	$848M
Cost & Expenses	$2.3B
OPERATING INCOME	$96M
Interest Income	$3M
Interest Expense	$12M
Other Income/Expenses	-$12M
INCOME BEFORE TAX	$84M
Income Tax Expense	$23M
Net Income from Continuing Ops	$60M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$60M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$60M
D&A	$52M
EBIT	$99M
EBITDA	$150M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$60M
Depreciation & Amortization	$52M
Stock-Based Compensation	$0
Deferred Income Tax	-$4M
Other Non-Cash Items	$12M
Change in Working Capital	-$37M
OPERATING CASH FLOW	$86M
Capital Expenditure	-$47M
Acquisitions (Net)	-$3M
Purchases of Investments	-$11M
Sales/Maturities of Investments	$0
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$59M
Net Debt Issuance	$14M
Common Stock Repurchased	-$41M
Common Dividends Paid	-$12M
Other Financing Activities	$16M
NET CASH FROM FINANCING	-$24M
FREE CASH FLOW	$39M
Net Change in Cash	$6M

Balance Sheet

Item	Amount
Cash & Equivalents	$60M
Short-Term Investments	$0
Net Receivables	$117M
Inventory	$436M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$637M
PP&E (Net)	$142M
Goodwill	$217M
Intangible Assets	$0
Long-Term Investments	-$3M
Tax Assets	$3M
Other Non-Current Assets	$103M
TOTAL NON-CURRENT ASSETS	$463M
TOTAL ASSETS	$1.1B
Account Payables	$173M
Short-Term Debt	$15M
Deferred Revenue	$76M
Other Current Liabilities	$77M
TOTAL CURRENT LIABILITIES	$304M
Long-Term Debt	$150M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$12M
Other Non-Current Liabilities	$74M
TOTAL NON-CURRENT LIABILITIES	$235M
TOTAL LIABILITIES	$539M
Common Stock	$418.0K
Additional Paid-In Capital	$146M
Retained Earnings	$397M
Treasury Stock	$0
Accum. Other Comp. Income	$16M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$559M
Minority Interest	$2M
TOTAL EQUITY	$561M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$165M
Net Debt	$105M