CAL FY 2014 Earnings Report — Caleres, Inc. Revenue & Financial Results | Market Cap Arena

Caleres, Inc.CAL

FY 2014 Earnings

Reported March 31, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$2.6B	—	$2.5B	—	2.3%
Op. Income	$126M	—	$99M	—	27.7%
Gross Margin	40.4%	—	40.4%	—	0.1pp
Net Margin	3.2%	—	1.5%	—	1.7pp
EPS (Diluted)	$1.89	—	$0.88	—	114.8%
Free Cash Flow	$4M	—	$55M	—	-93.2%

Revenue Flow

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$1.5B
GROSS PROFIT	$1.0B
R&D Expenses	$0
Selling & Marketing	$84M
General & Administrative	$827M
SG&A Expenses	$911M
Other Expenses	$0
Operating Expenses	$911M
Cost & Expenses	$2.4B
OPERATING INCOME	$126M
Interest Income	$379.0K
Interest Expense	$20M
Other Income/Expenses	-$21M
INCOME BEFORE TAX	$110M
Income Tax Expense	$27M
Net Income from Continuing Ops	$83M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$83M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$80M
D&A	$52M
EBIT	$131M
EBITDA	$182M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$1.5B
GROSS PROFIT	$1.0B
R&D Expenses	$0
Selling & Marketing	$84M
General & Administrative	$827M
SG&A Expenses	$911M
Other Expenses	$0
Operating Expenses	$911M
Cost & Expenses	$2.4B
OPERATING INCOME	$126M
Interest Income	$379.0K
Interest Expense	$20M
Other Income/Expenses	-$21M
INCOME BEFORE TAX	$110M
Income Tax Expense	$27M
Net Income from Continuing Ops	$83M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$83M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$80M
D&A	$52M
EBIT	$131M
EBITDA	$182M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$83M
Depreciation & Amortization	$52M
Stock-Based Compensation	$6M
Deferred Income Tax	-$3M
Other Non-Cash Items	$7M
Change in Working Capital	-$26M
OPERATING CASH FLOW	$119M
Capital Expenditure	-$115M
Acquisitions (Net)	$3M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$67M
NET CASH FROM INVESTING	-$112M
Net Debt Issuance	-$7M
Common Stock Repurchased	$0
Common Dividends Paid	-$12M
Other Financing Activities	-$2M
NET CASH FROM FINANCING	-$20M
FREE CASH FLOW	$4M
Net Change in Cash	-$15M

Balance Sheet

Item	Amount
Cash & Equivalents	$67M
Short-Term Investments	$0
Net Receivables	$137M
Inventory	$543M
Other Current Assets	$620.0K
TOTAL CURRENT ASSETS	$791M
PP&E (Net)	$150M
Goodwill	$14M
Intangible Assets	$121M
Long-Term Investments	-$7M
Tax Assets	$7M
Other Non-Current Assets	$142M
TOTAL NON-CURRENT ASSETS	$426M
TOTAL ASSETS	$1.2B
Account Payables	$216M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$59M
TOTAL CURRENT LIABILITIES	$397M
Long-Term Debt	$197M
Deferred Revenue NC	$12M
Deferred Tax Liabilities	$28M
Other Non-Current Liabilities	$79M
TOTAL NON-CURRENT LIABILITIES	$278M
TOTAL LIABILITIES	$675M
Common Stock	$437.0K
Additional Paid-In Capital	$139M
Retained Earnings	$399M
Treasury Stock	$0
Accum. Other Comp. Income	$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$541M
Minority Interest	$712.0K
TOTAL EQUITY	$542M
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$199M
Net Debt	$132M