CENT FY 2019 Earnings Report — Central Garden & Pet Company Revenue & Financial Results | Market Cap Arena

Central Garden & Pet CompanyCENT

FY 2019 Earnings

Reported November 26, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$2.4B	—	$2.2B	—	7.6%
Op. Income	$151M	—	$167M	—	-9.5%
Gross Margin	29.5%	—	30.5%	—	-0.9pp
Net Margin	3.9%	—	5.6%	—	-1.7pp
EPS (Diluted)	$1.61	—	$2.32	—	-30.6%
Free Cash Flow	$173M	—	$76M	—	127.4%

Revenue Flow

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$1.7B
GROSS PROFIT	$704M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$552M
Other Expenses	$243.0K
Operating Expenses	$552M
Cost & Expenses	$2.2B
OPERATING INCOME	$151M
Interest Income	$10M
Interest Expense	$43M
Other Income/Expenses	-$32M
INCOME BEFORE TAX	$119M
Income Tax Expense	$27M
Net Income from Continuing Ops	$93M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$93M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$93M
D&A	$51M
EBIT	$162M
EBITDA	$213M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$1.7B
GROSS PROFIT	$704M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$552M
Other Expenses	$243.0K
Operating Expenses	$552M
Cost & Expenses	$2.2B
OPERATING INCOME	$151M
Interest Income	$10M
Interest Expense	$43M
Other Income/Expenses	-$32M
INCOME BEFORE TAX	$119M
Income Tax Expense	$27M
Net Income from Continuing Ops	$93M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$93M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$93M
D&A	$51M
EBIT	$162M
EBITDA	$213M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$93M
Depreciation & Amortization	$51M
Stock-Based Compensation	$15M
Deferred Income Tax	$7M
Other Non-Cash Items	$2M
Change in Working Capital	$38M
OPERATING CASH FLOW	$205M
Capital Expenditure	-$32M
Acquisitions (Net)	-$41M
Purchases of Investments	-$2M
Sales/Maturities of Investments	$0
Other Investing Activities	-$2M
NET CASH FROM INVESTING	-$76M
Net Debt Issuance	-$46M
Common Stock Repurchased	-$63M
Common Dividends Paid	$0
Other Financing Activities	-$2M
NET CASH FROM FINANCING	-$111M
FREE CASH FLOW	$173M
Net Change in Cash	$18M

Balance Sheet

Item	Amount
Cash & Equivalents	$498M
Short-Term Investments	$0
Net Receivables	$300M
Inventory	$466M
Other Current Assets	$13M
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$245M
Goodwill	$286M
Intangible Assets	$146M
Long-Term Investments	-$57M
Tax Assets	$57M
Other Non-Current Assets	$40M
TOTAL NON-CURRENT ASSETS	$718M
TOTAL ASSETS	$2.0B
Account Payables	$149M
Short-Term Debt	$113.0K
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$279M
Long-Term Debt	$693M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$57M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$750M
TOTAL LIABILITIES	$1.0B
Common Stock	$561.0K
Additional Paid-In Capital	$575M
Retained Earnings	$422M
Treasury Stock	$0
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$996M
Minority Interest	$170.0K
TOTAL EQUITY	$996M
TOTAL LIABILITIES & EQUITY	$2.0B
Total Debt	$693M
Net Debt	$195M