CTRN FY 2020 Earnings Report — Citi Trends, Inc. Revenue & Financial Results | Market Cap Arena

Citi Trends, Inc.CTRN

FY 2020 Earnings

Reported April 14, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$783M	—	$782M	—	0.2%
Op. Income	$32M	—	$19M	—	67.9%
Gross Margin	39.8%	—	38.0%	—	1.8pp
Net Margin	3.1%	—	2.1%	—	1.0pp
EPS (Diluted)	$2.32	—	$1.41	—	64.5%
Free Cash Flow	$94M	—	$18M	—	409.4%

Revenue Flow

Item	Amount
REVENUE	$783M
Cost of Revenue	$472M
GROSS PROFIT	$312M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$259M
SG&A Expenses	$260M
Other Expenses	$19M
Operating Expenses	$279M
Cost & Expenses	$751M
OPERATING INCOME	$32M
Interest Income	$238.0K
Interest Expense	$776.0K
Other Income/Expenses	-$538.0K
INCOME BEFORE TAX	$31M
Income Tax Expense	$7M
Net Income from Continuing Ops	$24M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$24M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$24M
D&A	$19M
EBIT	$32M
EBITDA	$51M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$783M
Cost of Revenue	$472M
GROSS PROFIT	$312M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$259M
SG&A Expenses	$260M
Other Expenses	$19M
Operating Expenses	$279M
Cost & Expenses	$751M
OPERATING INCOME	$32M
Interest Income	$238.0K
Interest Expense	$776.0K
Other Income/Expenses	-$538.0K
INCOME BEFORE TAX	$31M
Income Tax Expense	$7M
Net Income from Continuing Ops	$24M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$24M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$24M
D&A	$19M
EBIT	$32M
EBITDA	$51M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$24M
Depreciation & Amortization	$19M
Stock-Based Compensation	$3M
Deferred Income Tax	$474.0K
Other Non-Cash Items	$50M
Change in Working Capital	$15M
OPERATING CASH FLOW	$111M
Capital Expenditure	-$17M
Acquisitions (Net)	$0
Purchases of Investments	-$522.0K
Sales/Maturities of Investments	$44M
Other Investing Activities	$416.0K
NET CASH FROM INVESTING	$27M
Net Debt Issuance	$0
Common Stock Repurchased	-$33M
Common Dividends Paid	-$832.0K
Other Financing Activities	-$608.0K
NET CASH FROM FINANCING	-$34M
FREE CASH FLOW	$94M
Net Change in Cash	$103M

Balance Sheet

Item	Amount
Cash & Equivalents	$123M
Short-Term Investments	$0
Net Receivables	-$17M
Inventory	$104M
Other Current Assets	$17M
TOTAL CURRENT ASSETS	$244M
PP&E (Net)	$243M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$6M
Other Non-Current Assets	$7M
TOTAL NON-CURRENT ASSETS	$250M
TOTAL ASSETS	$495M
Account Payables	$85M
Short-Term Debt	$47M
Deferred Revenue	$46M
Other Current Liabilities	-$13M
TOTAL CURRENT LIABILITIES	$183M
Long-Term Debt	$146M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$51M
Other Non-Current Liabilities	$2M
TOTAL NON-CURRENT LIABILITIES	$148M
TOTAL LIABILITIES	$331M
Common Stock	$158.0K
Additional Paid-In Capital	$95M
Retained Earnings	$210M
Treasury Stock	-$142M
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$164M
Minority Interest	$0
TOTAL EQUITY	$164M
TOTAL LIABILITIES & EQUITY	$495M
Total Debt	$193M
Net Debt	$70M