CAL FY 2013 Earnings Report — Caleres, Inc. Revenue & Financial Results | Market Cap Arena

Caleres, Inc.CAL

FY 2013 Earnings

Reported April 1, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$2.5B	—	$2.6B	—	-3.3%
Op. Income	$99M	—	$62M	—	60.1%
Gross Margin	40.4%	—	38.9%	—	1.5pp
Net Margin	1.5%	—	1.1%	—	0.5pp
EPS (Diluted)	$0.88	—	$0.64	—	37.5%
Free Cash Flow	$55M	—	$134M	—	-59.1%

Revenue Flow

Item	Amount
REVENUE	$2.5B
Cost of Revenue	$1.5B
GROSS PROFIT	$1.0B
R&D Expenses	$0
Selling & Marketing	$82M
General & Administrative	$828M
SG&A Expenses	$910M
Other Expenses	$0
Operating Expenses	$910M
Cost & Expenses	$2.4B
OPERATING INCOME	$99M
Interest Income	$377.0K
Interest Expense	$21M
Other Income/Expenses	-$28M
INCOME BEFORE TAX	$78M
Income Tax Expense	$24M
Net Income from Continuing Ops	$54M
Net Income from Discontinued Ops	$0
Other Adjustments	-$16M
NET INCOME	$38M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$36M
D&A	$55M
EBIT	$99M
EBITDA	$154M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.5B
Cost of Revenue	$1.5B
GROSS PROFIT	$1.0B
R&D Expenses	$0
Selling & Marketing	$82M
General & Administrative	$828M
SG&A Expenses	$910M
Other Expenses	$0
Operating Expenses	$910M
Cost & Expenses	$2.4B
OPERATING INCOME	$99M
Interest Income	$377.0K
Interest Expense	$21M
Other Income/Expenses	-$28M
INCOME BEFORE TAX	$78M
Income Tax Expense	$24M
Net Income from Continuing Ops	$54M
Net Income from Discontinued Ops	$0
Other Adjustments	-$16M
NET INCOME	$38M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$36M
D&A	$55M
EBIT	$99M
EBITDA	$154M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$49M
Depreciation & Amortization	$55M
Stock-Based Compensation	$6M
Deferred Income Tax	$18M
Other Non-Cash Items	-$3M
Change in Working Capital	-$21M
OPERATING CASH FLOW	$104M
Capital Expenditure	-$49M
Acquisitions (Net)	$69M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$64M
NET CASH FROM INVESTING	$20M
Net Debt Issuance	-$98M
Common Stock Repurchased	$0
Common Dividends Paid	-$12M
Other Financing Activities	$4M
NET CASH FROM FINANCING	-$106M
FREE CASH FLOW	$55M
Net Change in Cash	$14M

Balance Sheet

Item	Amount
Cash & Equivalents	$83M
Short-Term Investments	$0
Net Receivables	$129M
Inventory	$548M
Other Current Assets	$590.0K
TOTAL CURRENT ASSETS	$793M
PP&E (Net)	$144M
Goodwill	$14M
Intangible Assets	$60M
Long-Term Investments	-$1M
Tax Assets	$1M
Other Non-Current Assets	$140M
TOTAL NON-CURRENT ASSETS	$357M
TOTAL ASSETS	$1.1B
Account Payables	$227M
Short-Term Debt	$7M
Deferred Revenue	$153M
Other Current Liabilities	$86M
TOTAL CURRENT LIABILITIES	$387M
Long-Term Debt	$199M
Deferred Revenue NC	$29M
Deferred Tax Liabilities	$9M
Other Non-Current Liabilities	$77M
TOTAL NON-CURRENT LIABILITIES	$285M
TOTAL LIABILITIES	$672M
Common Stock	$434.0K
Additional Paid-In Capital	$131M
Retained Earnings	$328M
Treasury Stock	$0
Accum. Other Comp. Income	$17M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$477M
Minority Interest	$663.0K
TOTAL EQUITY	$477M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$206M
Net Debt	$123M