CAL FY 2016 Earnings Report — Caleres, Inc. Revenue & Financial Results | Market Cap Arena

Caleres, Inc.CAL

FY 2016 Earnings

Reported March 28, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$2.6B	—	$2.6B	—	0.1%
Op. Income	$111M	—	$135M	—	-17.9%
Gross Margin	41.2%	—	40.7%	—	0.5pp
Net Margin	2.5%	—	3.2%	—	-0.6pp
EPS (Diluted)	$1.52	—	$1.85	—	-17.8%
Free Cash Flow	$124M	—	$68M	—	82.6%

Revenue Flow

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$1.5B
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$79M
General & Administrative	$849M
SG&A Expenses	$928M
Other Expenses	$0
Operating Expenses	$928M
Cost & Expenses	$2.4B
OPERATING INCOME	$111M
Interest Income	$1M
Interest Expense	$15M
Other Income/Expenses	-$42M
INCOME BEFORE TAX	$97M
Income Tax Expense	$31M
Net Income from Continuing Ops	$66M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$66M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$64M
D&A	$56M
EBIT	$111M
EBITDA	$168M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$1.5B
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$79M
General & Administrative	$849M
SG&A Expenses	$928M
Other Expenses	$0
Operating Expenses	$928M
Cost & Expenses	$2.4B
OPERATING INCOME	$111M
Interest Income	$1M
Interest Expense	$15M
Other Income/Expenses	-$42M
INCOME BEFORE TAX	$97M
Income Tax Expense	$31M
Net Income from Continuing Ops	$66M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$66M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$64M
D&A	$56M
EBIT	$111M
EBITDA	$168M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$66M
Depreciation & Amortization	$56M
Stock-Based Compensation	$8M
Deferred Income Tax	-$5M
Other Non-Cash Items	$23M
Change in Working Capital	$36M
OPERATING CASH FLOW	$184M
Capital Expenditure	-$60M
Acquisitions (Net)	-$260M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$9M
NET CASH FROM INVESTING	-$319M
Net Debt Issuance	$110M
Common Stock Repurchased	-$23M
Common Dividends Paid	-$12M
Other Financing Activities	-$2M
NET CASH FROM FINANCING	$73M
FREE CASH FLOW	$124M
Net Change in Cash	-$63M

Balance Sheet

Item	Amount
Cash & Equivalents	$55M
Short-Term Investments	$0
Net Receivables	$153M
Inventory	$586M
Other Current Assets	$50M
TOTAL CURRENT ASSETS	$844M
PP&E (Net)	$219M
Goodwill	$127M
Intangible Assets	$217M
Long-Term Investments	-$2M
Tax Assets	$2M
Other Non-Current Assets	$69M
TOTAL NON-CURRENT ASSETS	$632M
TOTAL ASSETS	$1.5B
Account Payables	$266M
Short-Term Debt	$110M
Deferred Revenue	$0
Other Current Liabilities	$103M
TOTAL CURRENT LIABILITIES	$528M
Long-Term Debt	$197M
Deferred Revenue NC	-$2M
Deferred Tax Liabilities	$53M
Other Non-Current Liabilities	$83M
TOTAL NON-CURRENT LIABILITIES	$333M
TOTAL LIABILITIES	$861M
Common Stock	$430.0K
Additional Paid-In Capital	$122M
Retained Earnings	$522M
Treasury Stock	$0
Accum. Other Comp. Income	-$30M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$613M
Minority Interest	$1M
TOTAL EQUITY	$614M
TOTAL LIABILITIES & EQUITY	$1.5B
Total Debt	$307M
Net Debt	$252M