CAL FY 2017 Earnings Report — Caleres, Inc. Revenue & Financial Results | Market Cap Arena

Caleres, Inc.CAL

FY 2017 Earnings

Reported April 4, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$2.8B	—	$2.6B	—	8.0%
Op. Income	$140M	—	$111M	—	26.2%
Gross Margin	42.0%	—	41.2%	—	0.8pp
Net Margin	3.1%	—	2.5%	—	0.6pp
EPS (Diluted)	$2.02	—	$1.52	—	32.9%
Free Cash Flow	$140M	—	$124M	—	13.0%

Revenue Flow

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$1.6B
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$84M
General & Administrative	$940M
SG&A Expenses	$1.0B
Other Expenses	$0
Operating Expenses	$1.0B
Cost & Expenses	$2.6B
OPERATING INCOME	$140M
Interest Income	$764.0K
Interest Expense	$18M
Other Income/Expenses	-$17M
INCOME BEFORE TAX	$123M
Income Tax Expense	$35M
Net Income from Continuing Ops	$87M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$87M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$85M
D&A	$64M
EBIT	$140M
EBITDA	$204M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$1.6B
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$84M
General & Administrative	$940M
SG&A Expenses	$1.0B
Other Expenses	$0
Operating Expenses	$1.0B
Cost & Expenses	$2.6B
OPERATING INCOME	$140M
Interest Income	$764.0K
Interest Expense	$18M
Other Income/Expenses	-$17M
INCOME BEFORE TAX	$123M
Income Tax Expense	$35M
Net Income from Continuing Ops	$87M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$87M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$85M
D&A	$64M
EBIT	$140M
EBITDA	$204M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$87M
Depreciation & Amortization	$64M
Stock-Based Compensation	$11M
Deferred Income Tax	-$1M
Other Non-Cash Items	$10M
Change in Working Capital	$20M
OPERATING CASH FLOW	$191M
Capital Expenditure	-$51M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$6M
NET CASH FROM INVESTING	-$51M
Net Debt Issuance	-$110M
Common Stock Repurchased	-$10M
Common Dividends Paid	-$12M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$132M
FREE CASH FLOW	$140M
Net Change in Cash	$9M

Balance Sheet

Item	Amount
Cash & Equivalents	$64M
Short-Term Investments	$0
Net Receivables	$153M
Inventory	$569M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$847M
PP&E (Net)	$213M
Goodwill	$127M
Intangible Assets	$212M
Long-Term Investments	-$2M
Tax Assets	$2M
Other Non-Current Assets	$91M
TOTAL NON-CURRENT ASSETS	$643M
TOTAL ASSETS	$1.5B
Account Payables	$273M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$104M
TOTAL CURRENT LIABILITIES	$430M
Long-Term Debt	$197M
Deferred Revenue NC	$2M
Deferred Tax Liabilities	$51M
Other Non-Current Liabilities	$92M
TOTAL NON-CURRENT LIABILITIES	$340M
TOTAL LIABILITIES	$770M
Common Stock	$430.0K
Additional Paid-In Capital	$136M
Retained Earnings	$596M
Treasury Stock	$0
Accum. Other Comp. Income	-$15M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$717M
Minority Interest	$1M
TOTAL EQUITY	$719M
TOTAL LIABILITIES & EQUITY	$1.5B
Total Debt	$197M
Net Debt	$133M